Move higher, stocks surging with the dow gaining more than 250 points energy, consumer discretionary, industrials all leading the way, this as the yield on the 30year bond hit an alltime low so do you trust todays market rally . Guy adami . Hi, mel no, i definitely dont trust it but i will say this. As we get into the later part of this week, into a holiday weekend, theres an old saying steve knows this on the floor never short a dull market you could see the market flowing through over the next couple of days into early next week. I will say it again. I think it will culminate on the down side when the vix trades up to 30. With that said, there are Trading Opportunities here i will do a power pitch in back end of the show. I thought you were going to do it right now. That is going to speak to exactly that. Yes grasso theres another saying too, dont fight the fed. Never short a dull market, dont fight the fed. You have both coming up right now. Do they cancel each other out . No they m
Issues, both the policies and politics of it. I want to thank everybody that came out today to share your perspectives on either side of the issue and the many that have communicated directly to my office and to my colleagues. I think this sort of contentious nature that we have gotten to around the proposals to streamline Affordable Housing highlight how complex these issues are and there are a lot of different perspectives to best address these problems. It highlights how important it is to get the details right and to consider the specific details. I think the presentations today, thank you so much to the Mayors Office of housing and Planning Department as well. The presentations have been helpful along with Public Comment in clarifying my thoughts. I want to say that i am proud of the board of supervisors measure. It will rezone and streamline Affordable Housing sites across the cities specially the western neighborhoods serving a wide range of people without pitting it against low
I agree with it. I wish you wouldve had it during the younger years when i was in fillmore. Each and every one of these people that came up here and explained why they want this, to have this type of protection, they are also crying out because it is their source of income in order to support themselves. This proposal, to displace them, is an example of gentrification. Gentrification is a word that is used to discriminate against people based on geographical locations. You are doing it to them, and even though their skin color is not black, it is the same type of treatment that black people had to suffer in the Western Addition of fillmore. For example, gentrification in washington is taking place, there is an attorney that has the same type of philosophy as me and suing washington, d. C. For the gentrification and displacement of tenants for hightech people that is displacing lower income bracket people. This is a derivative of this kind of demonstration that im putting before you. Ca
Development authority. [applause] he has seen the gamut of what we have done. Since Treasure Island was just a thought. He was there for that. And now to the point where infrastructure is being done in the first housing to be built. Over a decade of service to the authority. We think you for your expertise and for your commitment. I think we have something for you, and i will let bob give it. This is just a small token of our appreciation for your years of service area service. As fay said it is just a token of our appreciation for decades worth of work with the title board. We want to thank you for all of your support, at work, and helping us to the point we are at today. Thank you. Before i let you talk, i will let the other commissioners say a few words. Thank you very much. Commissioner samaha, one of the things that people want to know about you also is that you are a very well, highly regarded leader in San Francisco. So many things you do that sometimes people do not know, and i
And now to the point where infrastructure is being done in the first housing to be built. Over a decade of service to the authority. We think you for your expertise and for your commitment. I think we have something for you, and i will let bob give it. This is just a small token of our appreciation for your years of service area service. As fay said it is just a token of our appreciation for decades worth of work with the title board. We want to thank you for all of your support, at work, and helping us to the point we are at today. Thank you. Before i let you talk, i will let the other commissioners say a few words. Thank you very much. Commissioner samaha, one of the things that people want to know about you also is that you are a very well, highly regarded leader in San Francisco. So many things you do that sometimes people do not know, and its a testament to all of us here, because we are very well ingrained in the community. We happen to know that you are out there, and all of the