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Answer to the question how long is this unravel going to last . First of all, these are intriguing levels. The problem is as we were talking about during the break before we came over is that we had some fabulous bounce offs in the morning, but anybody who bought those in the morning who was brave enough, it was scalped now and take period of time, i care more about what happens between 245 and 3. Its too early really got to be in there just wait a little this was a huge bounce if it gets ugly for these names they have the auto desk just gets such a great quarter. Theyve withbeen waiting and wag for people to fwif up. Amazon, 945, that was their wake up call. Went down to 100 that was a fanstic, fantastic call, sarge go forth waugt bought it at 945, but k i look at these, coming in at 699, we dont need another hero. You dont think theres a bigger thing happen ng the market that has come so many legs when you look at whats going on in the marketplace, you look at the dow, its trading up ....
About whether investors should prepare for the worst in their portfolios. Joe, should they . Whats the message . No. In these plunging yields. No. The message shouldnt be theres a recession coming. Dont prepare as in 2008. Maybe a little bit of a 2007 moment. A look ahead what might be coming, but i think the proper thing now, no herd mentality in any particular asset class. A herd mentality in treasuries . No . Into utilities, but kind of warranted both on a fundamental and technical standpoint now. Make a compelling argument across the asset class chain for ownership of multiple things. One, own reits now. Take a look in the Investment Grade and high yields bond market. Opportunities there, especially on the financial side, and coming back to pure equity, scott, Consumer Staples are performing very well. Also seeing a lot of m a activity, whether jm smucker, mjm or some ....
Process up. Theyve been trying to get this turned around over a year now. Ever since the first outbreak in july and all of a sudden last october got a little worse. Spread around, and theyve had a difficult time collecting back those samestore Sales Numbers theyd had. Arent getting that now and trying to figure out the best ways they can. Trying every promotion to get back those valued customers. Thats the problem. Are they doing it at the kind of speed that wall street wants . Obviously not. Bill ackman is the kind of guy to change that, but i dont think it happens immediately either. I think it still takes time and bills a little early. Josh, analysts today say, no quick fix. They say, ackmans eyes are bigger than ace stomach. They says, steval, we cannot fathom mathematic or or investment thesis. What are they missing . I would not go as far to say its a negative, having an activist in the stock. Persian square involved with the ....