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Is now momentum investing. people buying because i've seen prices go up or seen their neighbors make money and they keep buying more. that rarely ends well. before i come off has a complete scrooge, let me give you the one flip side i'm seeing. i'm seeing in excitement across the sectors that i've ever seen before. things like the block chain technology, not necessarily the crypto currency, things like artificial intelligence, things like self-driving cars, i'm seeing a resurgence in animal spirits and industry more so than i've ever seen since the tech boom of the late 90s, early 2000s. go ou...

You know, those friendly rates to business helped bring the kind of surpluses and economic activity you want to see, right? >> well, i think we also led to the tech boom and i'm not sure it led to long-term distributed investments and wealth creation for working class families over the long-term. not to mention that that was a long time ago. we've seen a huge concentration of wealth since we did tax reform the last time, which was about 31 years ago. 96% of income growth went to the top 10% of families so all of this new growth, almost all of it, went to the top 10%. that's why you see the anx...

Parking lot of a high school. >> yeah. >> what is that like to go to school with kids from china who have so much money? >> chinese families, they want to start off how i can start from zero and make that much money. they have a good heart. they just don't want to study. >> lisa ling joining me now. what's your impression after talking to these kids and their dreams? >> well, it's really interesting because chinese people have been coming to the u.s. for over 150 years, but for the most part, most chinese who came here were seeking a better life. they came and had to work in low-paying jobs fo...

Saying, hey, he still wants to remain a u.s. senator. >> very quickly before i let you go, harry reid is not in washington any more. he still has kind of a heavy hand it seems in nevada politics which we talked about plays out nationally. what do you know? >> the only hand harry reid knows is heavy. he sits down and sitting in an office in the bellagio and works for mgm resorts. that is his theoretical day job. you have jackie rosen to admit. he recruited her. he is still trying to recruit candidates for office. his people still run the democratic party here. >> we want to keep this conversati...

Cratering of the market and then a recovery. you can see george w. bush had a 10% decline. bill clinton had a 3% rise. george h.w. bush, this was the tech boom, a 21% jump in stocks and ronald reagan down almost 2%. let's put this trump rally in context. this next chart shows you just the red is the trump part of it. it looks an awful lot like you've seen over the last few years. this is a big long strong bull market. almost quadrupled starting under the obama administration and now continuing into this trump administration. there is no question, a pro-business feeling on washington. those on ...