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Richard Grasso good morning mr.
Well good morning time before we Begin then you Begin railing on me let me extend.
My condolences to you on the passing Fred.
You know if there's a silver lining to is.
Still there's lawsuits says he's up in heaven -- that they cattle ranch and this guy taking care of all of the -- we've lost to cancer so.
My deepest sympathies to you and your -- Thank you very much good to know.
Him looking over your five favorite song which.
I noticed -- -- so -- Johnny maestro.
And Tony Williams.
That's correct to truly great great great voices say they -- the best I think Tony Williams.
What's the best vocalist.
Certainly of my time in terms of that just struck in the world but across this job or -- music.
-- Announced that it -- the war -- -- or Johnny passed away pulmonary.
But He was performing right up until look at probably six months before his death and his voice.
Hadn't lost a -- He was a wonderful.
Wonderful performer and a great friend of mine.
DOJ blocked I do I do because -- I'm Jason.
Was a specialist on the floor of the New York Stock Exchange and a terrific young man.
Still in the financial services business but He now performs -- -- -- periodically.
-- -- -- Its status.
Terrific force and you know he's right up there with -- giant Sony.
Target underground -- her announcement sort of group.
Back and I did not be able -- or a different world.
-- sounded Imus cameras to of the cancer and authorities put up a million dollar for the hello was bought some land under the grizzly -- -- -- and think about.
Let's talk gonna -- -- less on us.
And how we're gonna raise any money.
-- -- -- -- -- -- -- There's a lawyer out there to -- commemorative -- for like 5000 acre.
Plots -- was insane.
But we are certain rules -- prisoners -- Well actually done I'm sure -- precluded from repeating here listeners what you said to me.
When you call me -- -- in core all of poor.
And I gave -- that it's by basing He said -- the police being chairman of the New York Stock Exchange.
Hung up the phone call me back five minutes later and says.
Here really think I can do that and what happened the next day.
-- five million dollars and trailers.
And we rehearsed this -- you are selling skills Donald -- forty million dollars and about six weeks likes to have.
You and I -- no Komansky remember Komansky.
A wonderful wonderful leader in the financial services business to this day still friend whom I talked to work a couple of times a week.
And we have that we have dinner up a rail is that we may issue.
There's a good amount Damascus those are those lot of rhetoric last week the market was all over the -- some.
-- -- George estimates are part of now if you're.
-- you know people people who invest from a purely.
Dated date driven shred -- she inevitably loose money.
But it looked over time there -- never been a better asset class you know I hear a lot of chatter today it's about gold.
And gold being 800 dollars an ounce back in 1980.
-- back in 1980.
The stock market was at 800 gold is now at 17100.
For the stock markets at 111000.
So you have to step back and say why am I investing in my investing for my children's education.
Well if you got a four year old or -- five year old.
My guess is -- -- of the Harvard next year and the asset class is it good one.
If you're 69 years old and your your concerned about.
Your retirement income you've got a -- for propensity to assume -- so emotional.
Investing like last week.
We heard a little earlier from -- -- -- reports.
That's it should investors were piling into mutual finest.
Not just stock mutual fund is rather but there -- money market fund is.
And selling out of -- -- absolutely.
The worst thing you can do in a period like last week.
It's gotta be disciplined you've got to know your tolerance for risk your time horizon for that investment.
Take a deep breath then what I've always said done to people is.
Anyone who bets against America.
Inevitably lose --
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