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Correction from the march lows. Joining us is a chief market technician. Nasdaq, what is the level that we stabilize at . That is a great question. I think rather than looking at the levels, i think it is more about duration. We need more than one or two days of selling to alleviate the excess that we have built up over the last few months. Anybody who has been following the markets, equities seemingly have grind it higher every single day, so there is a lot of excess, a lot of exuberance built into the market. A a day or so of the selling pressure is not going to alleviate that. Where we kindbove of should be, are we . I guess it is the question people are trying to understand. We did push up aggressively, steadily though, but it has taken us above the 50, 100 and 200 Day Moving Averages. We are starting out to get back down to levels closer to the 50 Day Moving Average< ....
Today just like yesterday, it is t a company by wind and dncause of the lack of when they al expect aircraft to be up in the air very soon to dump approximately 200,000 gallons of water if not more on the oday, they are making progress not a lot of progress as far as leaps and bounds, but they will take it 17 containment, thats up from 13 containment. What youre looking at right its fog thats not smoke so Good Progress there. But it has een very destructive. The number of homes and structures destroyed has gone up in t overnight hours from approximately 280. 2 now 330 structures and they do expect that number to go up because part of the firefighting process today is try to make inroads into a hard to reach areas which have bridges that have burned wooden bridges, theres fallen trees, theres debris. They hope to clear that get into those areas and count their homes that are still there and destrobut going to go do that and get back ....
New york city who is helping us to h great and educated guide fr teachers speeded you canan finih watching this if you go to our website at cspan. Org. We will live there to take your life to a conference on federal spending and debt. Current debt, which is around 100 of gdp is at a level we havent seen since world war ii and is a growing cause of concern. Tackling this problem presents a variety of challenges. Today were fortunate to have a group of very smart and accomplished people who are going to share their insights. Well get to hear a variety of perspectives. To do this, we have a mix of panels, discussions and speakers. Well hear about the economic and fiscal challenges caused by the debt. The impact of debt on invests and consumers, the roles played by Social Security. Approaches for analysting fiscal policies and finally a discussion of potential policy options. And a number of dimensions of the debt challenge. For our ....