Wave Cannot Last Forever News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Any time soon, but there are concerns this dow hot streak is about to end. >> at some point you need to get off this wave because this wave cannot last forever. no one can tell you whether it's within the next few months or years but at these levels of valuation, we think it's about time to take some money off the table and be more cautious. >> reporter: the october jobs report was surprisingly solid, 204,000 jobs added to payrolls last month, even with the government shutdown and while trader also likely whoop it up, the rest of us might keep the champagne corked. the problem? 97,000 of those...

And a record. >> look into your crystal ball. is this sustainable? i assume this is a no, how long will this go? >> if i had that crystal ball, look, i asked one of the biggest investors in the world. i said, you got stocks up so much this year, more than 20% for the dow, 30% for the nasdaq. s&p up big time. can it go on forever? here's what mohammed told me. >> at some point, you need to get off this wave. because this wave cannot last forever. no one can tell you whether it's within the next few months or years. at these levels of valuations, we think it's about trying to take money off the ...

>> good morning. i got a number for you. the most important number of the day. 38.3. that is the magic number. if the dow industrials can gain that much today and hold on to 4:00 p.m. it will be another major record and a milestone. dow 16,000. only 38 points away. last week's rallies put stocks within striking distance of these milestones. dow up last week and also the nasdaq and you can see it there for the year for the s&p. dow up 22% and nasdaq up 32%. investors have poured billions into the stock the past few weeks. now time to take money off the table and what everyone is asking me. i as...

The markets, not because they like the markets, but that is the only way they can reach the economy. at this level of prices, christine, investors are betting on something else. they are no longer betting just on the fed being involved, they are now betting that the fed will actually be effective. that the fed will actually be able to deliver economic growth that validates the prices. that is a much more uncertain bet and one we think you have to be more careful about. at some point, you need to get off this wave. this wave cannot last forever. no one can tell us if it is within the next few m...