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Transcripts For BLOOMBERG Bloomberg Markets Balance Of Power 20240712

Up 160 on the march lows. This is the Worlds Largest company. That is the degree of animal spirit being stirred around apple, tesla, all of these big tech names. You can actually make the case, as painful as it is for those long stocks, it is healthy. It is also painful for the major averages because of the weighting of some of the big stocks, about 25 going to the make a cap, 40 for the nasdaq 100. A bit healthy because of the degree of the buying power off of those march lows. David fair enough. Everything you said makes perfect sense. There has been a fair amount of top recently about our wiener version of 2000 . How will you be able to tell about our version of 2000. Notail unfortunately do the true correction and bear market until it happens. They say it start slowly and happens all of a sudden. Relative to 2000, you can make the case it is similar the trued bear market until it happens. To 2000 because it is a parabolic uptrend. That does have to reverse. 9090 degrees does not ho

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