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Let's get back to the market your update today but what are the things we haven't talked about is something that happened overseas Bank of England.
Pretty much telegraphed -- -- quantitative easing they're not gonna do what our government has done what our Federal Reserve rather has done lately.
That is prompted more liquidity with bond purchases what happen.
-- the pound strengthening showed some.
Muscle right exactly so what you have is that.
Prolonged time we've been getting you we've been on the sugar I would free money coming -- out of all of central banks to the Bank of England make some sort of announcement that -- -- -- concerned about inflation stood doesn't like we're gonna get any kind of quantitative easing going on there what's gonna happen with our Central Bank was gonna happen with the ECB.
BOJ is that a signal that the organist puts more money -- to the marketplace but that's one of the things is going on the market.
And thank our markets are setting -- -- what does that -- taken away that's correct pregnant if it is than we've been.
We'll see -- taken out of the work that we 166.
S&P 500 companies have reported 80% of -- but key.
Doesn't look at that you're looking at the sales and revenue -- and it's moving lower well that's right.
So the projections for this year are going to be lower than they were -- what we saw out of Intel and IBM.
When the reported they beat that the that the forecasts that they have going forward and companies are starting to get very concerned over the sales figures are going to be going forward -- that won't have a dampening effect on the Chesapeake.
If we don't have the types of sales that we had 2011 which with projections are saying.
-- people are very concerned about the valuations of the individual stocks in the market -- this level.
That's what's weighing on the market again today we saw IBM slightly missed the revenue and of course that accounts for much of the -- losses today -- protects -- and life.
Well that's right so then we start taking a look once you get a technology company this looks like that a major technology company.
Did you have a follow on effect into the NASDAQ people are now starting to wonder about what Apple's gonna record as well as some of the -- tech heavy tech companies that are coming in.
And also you know that just as it downstream effect across the different sectors and also with its finances of the finances are getting at -- today.
Primarily because of bank in new York Mellon came out with a bad report in the yield curve is not helping them at all.
Keith bliss of the town thank you so much great to see you --