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Speaker 1: Let's talk about the bull market.

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Speaker 2: Is the bull market?

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Speaker 1: Here? Are we in a bull market? And if so,

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Speaker 1: how long will it last? Yeah, it's just something that

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Speaker 1: we should look at because I guess Michael Wilson of

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Speaker 1: Morgan Stanley states that his latest rally is a head

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Speaker 1: fake at forty two hundred level? Is he correct?

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Speaker 3: Or should we continue to buy at this level?

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Speaker 4: I mean I definitely wouldn't buy the S and P

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Speaker 4: five hundred and forty two hundred flat or above because

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Speaker 4: it's a little bit too high. I like to like

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Speaker 4: going back to the seven zel thing. I would like

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Speaker 4: to wait for discounts, but they're pushing us up higher.

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Speaker 4: I mean the SMP opened up this year at thirty

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Speaker 4: nine or nine. We're at forty two sixteen some change.

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Speaker 4: And this is why I always say, like regardless of war, recession, election, scandal,

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Speaker 4: false positives like extinction level events that are being predicted,

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Speaker 4: they are all gonna find ways for the market to

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Speaker 4: go up. That like I always say, the market is

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Speaker 4: rid to go up, and because if not, the number

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Speaker 4: of people that will leave hedgephons and banks are it

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Speaker 4: would bankrupt the country. So that they are gonna find ways. Now,

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Speaker 4: I don't like that there's only maybe thirty or forty

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Speaker 4: companies that are of incredible value to push this up,

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Speaker 4: and it's a lot of the mega caps pushing everything up.

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Speaker 4: But this bull market is here to stay now that

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Speaker 4: I always have said that the stock market is detached

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Speaker 4: from what's going on in the actual economy. There's two

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Speaker 4: different games. They're not a pure reflection of one another.

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Speaker 4: But yeah, the S and P is up. If I

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Speaker 4: look at NASDAK, NASDAK is.

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Speaker 3: Growing too.

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Speaker 4: NAZDAC opened up at eleven thousand, ninety where thirteen forty one.

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Speaker 4: We'll talk about the Japanese market, but the NK opened

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Speaker 4: up at twenty five thousand, nine thirty five this year

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Speaker 4: were thirty one thousand. We're clearly in a bullmarket now

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Speaker 4: will stay. That depends on a few things, and this

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Speaker 4: debt crisis is one of them. But for right now

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Speaker 4: we are up and as stuck right now currently stuck.

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Speaker 2: Yeah, I feel like eight months ago we were talking

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Speaker 2: about what would twenty twenty three look like, when we

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Speaker 2: were talking about, well, we know that interest rates are

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Speaker 2: going to stop rising at some point, and I think

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Speaker 2: we might be there.

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Speaker 3: If we're not, this quarter will find it. At the

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Speaker 3: next FED meeting, we.

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Speaker 2: Saw inflation slow down, and I remember talking about earnings

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Speaker 2: and everybody was very skeptical about first quarters earnings and

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Speaker 2: second quarters earnings and how companies were losing money. And

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Speaker 2: we've pretty much seen a lot of companies. They didn't

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Speaker 2: They didn't lose too much. This episode is brought to

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Speaker 1: Erners.

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Speaker 2: can keep pushing your vision forward.

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Speaker 5: An illegal alien from Guatemala charged with raping a child

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Speaker 5: in Massachusetts. An MS thirteen gang member from El Salvador

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Speaker 5: accused of murdering a Texas. Man of Venezuelan charged with

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Speaker 5: filming and selling child pornography in Michigan. These are just

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Speaker 5: some of the heinous migrant criminals caught because of President

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Speaker 5: Donald J. Trump's leadership. I'm Christin Nohm, the United States

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Speaker 5: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 5: crossings are at the lowest levels ever recorded, or one

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Speaker 5: hundred thousand illegal aliens have been arrested. If you were

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Speaker 5: here illegally, your next you will be fine nearly one

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Speaker 5: thousand dollars a day, imprisoned and deported, you will never return.

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Speaker 5: But if you register using our CBP home app and

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Speaker 5: leave now, you could be allowed to return legally. Do

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Speaker 5: what's right. Leave now. Under President Trump, America's laws, border

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Speaker 5: and families will be protected.

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Speaker 3: Sponsored by the United States Department of Homeland Security.

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Speaker 4: Well, we got to be honest about that. They revised,

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Speaker 4: God even Apple, let me.

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Speaker 3: Apple, Well Apple has as well.

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Speaker 2: They revised, but they still made nearly one hundred million

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Speaker 2: last quarter.

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Speaker 4: That's true, right, So and if I put into the

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Speaker 4: like the iPhone sales data now like when you count it.

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Speaker 2: But even a company like Amazon, they did over one

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Speaker 2: hundred many. So, like when we're talked about a gross

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Speaker 2: pullback in some of these earnings data is because of

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Speaker 2: what inflation the impact that inflation had done in twenty

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Speaker 2: twenty one, and we're looking at it, Is.

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Speaker 3: It really as bad as we thought, it's my question?

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Speaker 2: Or did we over over try to anticipate something that

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Speaker 2: was going to be extremely negative and it's not looking

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Speaker 2: that way.

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Speaker 4: Well, I'm gonna give a little I won't say pushback

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Speaker 4: with feedback. I'm gonna go back to the earlier thirty

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Speaker 4: of San Francisco. Real estate is currently vacant. I haven't

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Speaker 4: got the numbers from New York, Chicago, and Miami. I

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Speaker 4: would assume New York is probably at twenty percent commercial

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Speaker 4: real estate. Yep, you think it's higher.

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Speaker 3: I think they said twenty.

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Speaker 1: I mean, yeah, I might might be more.

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Speaker 4: So in four or five major markets. That's correction territory.

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Speaker 1: Well, here's the thing. So the crazy thing is I

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Speaker 1: live across the street from I live across the street

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Speaker 1: from an office building, a mall and an office building.

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Speaker 3: You anybody in there? They're all vacant, even to anybody.

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Speaker 3: Do I ever see anybody? I don't think I've ever

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Speaker 3: seen like the one across from.

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Speaker 1: All its building it used to be once COVID came.

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Speaker 1: I don't think they never really reopened it. But so

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Speaker 1: that's three that's three commercial properties that are vacant.

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Speaker 4: So I mean, I think it's a reflection. I think

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Speaker 4: the economy is a lot worse than what they're saying.

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Speaker 4: But I think they're playing the three card Monte game

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Speaker 4: like they're they're taking the companies that are doing incredibly

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Speaker 4: well overinflating some of the games in the stock market

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Speaker 4: to make it seem as if everything is stable when

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Speaker 4: the overall economy is not doing incredibly well.

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Speaker 3: Yeah, the recession is secular.

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Speaker 2: Yeah, And now, I mean based on what you're saying,

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Speaker 2: so like, and this is what Dave girls are saying too.

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Speaker 3: Real estate is on the commercial real estate is on

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Speaker 3: the clock.

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Speaker 4: My graduates from my school being forced back drop drop, Mike,

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Speaker 4: drop back drop.

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Speaker 5: An illegal alien from Guatemala charged with raping a child

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Speaker 5: in Massachusetts. An MS thirteen gang member from Al Salvador

150
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Speaker 5: accused of murdering a Texas man of Venezuelan charged with

151
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Speaker 5: filming and selling child pornography in Michigan. These are just

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Speaker 5: some of the heinous migrant criminals caught because of President

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Speaker 5: Donald J. Trump's leadership. I'm Christy nom the United States

154
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Speaker 5: Secretary of Homeland Security. Under President Trump, attempted illegal border

155
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Speaker 5: crossings are at the lowest levels ever recorded, and over

156
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Speaker 5: one hundred thousand illegal aliens have been arrested. If you

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Speaker 5: are here illegally, your next you will be fined nearly

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Speaker 5: one thousand dollars a day, imprisoned, and deported. You will

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Speaker 5: never return. But if you register using our CBP home

160
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Speaker 5: app and leave now, you could be allowed to return legally.

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Speaker 5: Do what's right, leave now. Under President Trump, America's law laws,

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Speaker 5: border and families will be protected.

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Speaker 3: Sponsored by the United States Department of Homeland Security,