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Joining a company from Dallas -- the county's.
Which have -- investment Ed are these signs of life.
And that this sort of -- to why -- recently turned bullish.
Our wolf first -- one explain the bullish thing but let's also remember those jobless claim numbers that are down 141000.
Charles they're down to numbers we never thought we'd be up to so it's all relative -- mean we these are not numbers as you said earlier that we should be you know ecstatic about happy about they're still horrible numbers the reason -- turned somewhat bullish in the short term.
Is because of the pessimism that is overriding the sentiment reader on investor sentiment is below point six there's it's -- number that's out there that it's hard to find but when you see investor sentiment below point six on its way to point five historically you'd usually seen a real big bold move.
In the overall market and and I also believe that when the July numbers start being reported when -- -- report right if they're not horrible.
We probably we'll see stock prices rise.
Upper -- for a little while because they're so over folder -- they're 20% undervalued based where interest rates are right now and we're expected earnings are right now.
No but but here's the thing -- -- on one hand you talk about the psychological psychology of the stock market.
Which obviously today we understand that the market wants bad news it wants badness -- that the Fed will be forced to print even more money.
But you think that maybe they'll be some sort of inflection or change the point work will get back to where we were a couple years ago and actually celebrate this.
Small signs of of economic revival I mean we can't have both either we're gonna celebrate great things happening with the economy or we're gonna root for bad news you think we're gonna make this shift.
Well I'm I'm not really -- -- -- -- think get the look more macro -- these are data -- moves that the real numbers that we have to look at is are the problems around the world going to have a negative impact on the earnings of our companies.
41% of the growth in our businesses and the S&P 500 came from.
Business outside of our borders so we really think that the events in Europe.
Asia slowing down in the Asia slowdown is a big thing.
And then commodity prices falling which are also hurting the stock markets.
You're gonna see an assault on earnings the question is how bad -- those earnings going to be assaulted from slowdown worldwide it it's not that bad.
Stock prices move higher we can't ignored the events going on around the world -- in our own economy our economy is an absolute mess.
But you pay a dear price for consensus on Wall Street so I think in the short run when those numbers start coming out I don't think it's achieved -- -- The way we see the world right to think we're gonna see stock prices rise -- short period -- Ed before -- -- would have have a couple seconds left I'm sure a lot of people gonna change their jobs number may be -- -- a little higher.
You still think we're probably coming -- a number that -- consensus tomorrow right.
What's hard to know because we have the denominator in the equation and the new greater change every single month it's impossible to comparative you really -- you know think about it there's no way of comparing month by month.
But what number do I see coming in somewhere in the low weights -- that's -- update you got it that's it I thought it and that's it.
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