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Closing bell rings a lot of make my way over to Mike Holland -- Holland and company who came down to the floor of the New York Stock Exchange in part.
Maybe to witness a little bit illustrated MI knows just -- -- -- Both of electric does not -- get down here now.
But look it is a historic today and yet you've been in -- look.
The celebration here who has is excited and there's nothing going on.
In -- in people's minds the new high on the Dow.
It's when police participated in these -- milestones that I've seen in my business like why is that the because of the last ten years people don't care.
Don't care about it if it continues which it may well be your friend Warren Buffett is right.
He may be right he's been right before.
I'll tell Charlie Gasparino that -- which is surely -- I'm less well that's what the traders -- -- I heard US throughout the first person aspect.
-- disinterested in what got us here than what keeps us here at this 141000.
To 44 level that -- right now.
And counting on fewer than the fingers in one hand Ben Bernanke profitability.
The US economy and housing he didn't go away from.
We were getting -- getting the normal cyclical thing happened.
We have the greatest profitability.
In turn -- margins during the week in productivity we've ever had in this country so these things are very good we have a lousy.
Situation in Washington from both sides of the -- of that.
That is held back people's enthusiasm for what's going on we have valuations in Warren Buffett is -- when he talked about.
That are extremely attractive relative to other things -- can only.
Citibank is is still hate it's an incredible PE at that point -- let's talk about what you like right now when you're here back in October of last year.
One of the stocks that -- -- has done really really well we can put it up on the street and that is of all things Berkshire Hathaway a shares.
Up double digit percentages since you mentioned that give this a new one that you like right now.
Let's go with that JPMorgan -- IBM -- -- all of the great companies right now as Warren Buffett bought high -- You wind up with these great companies with 101112.
Times multiples these are crazy low multiples -- thirteen fourteen talk about.
That the worst -- we're still.
Huge sovereign -- apple at nine times earnings.
-- -- -- Are you an apple -- right I've -- apple whoop forever.
Like that you are you adding at this price united but I don't banana selling -- I know Smart friends who work.
We're absolutely selling right now -- you buy at a fourteen month low for apple with -- Because I have other things -- would -- it -- it it actually acts like like there's something.
Fundamentally wrong but I don't believe that but I don't -- so I've been there and it got an embedded.
Again that I'm gonna stay with let me get your thought don't worry about that's just trash listen we're we're like everybody looked down -- -- -- everybody's throwing trash on the floor right now that's what they did -- Great.
What's really quickly about China because she got.
-- -- Gonna do well in China for example have been good but companies are gonna we're gonna continue to do well because China met yesterday it would start of their legislative session.
They say they're gonna grow seven -- 8% they always outperform they do the opposite of what we do here.
When they say they reduced in this program they stimulated so well.
It'd be heated up the consciousness -- we're gonna slow it down about a manipulated market we complain about the however is that works over there and they working very well so may not like they're human rights have been situation a lot of other things they know how to do the economy can.
What Texas down -- -- Bernanke tightening rates you don't foresee that happening he's told us it's not gonna happen until things get -- up so that's that's off the -- -- what -- don't think China hard landing on the table.
European think it's probably off the table but the -- thing which they really do go forward -- election rather new government that could -- people little bit.
But overall right now.
Actually if people started getting interest and no one disinterested entity in historic day and then we expected to know it's gotta be on the front page everywhere out and if we get -- run up from here.
And people would move that's more than this then unfortunate that release and what not yet.
What's it worth it to come down here performers.
For Fox Business mr.
-- -- anything thank you very much if you group's Mike Holland of Holland and Holland and company by the way the China Fund as well we.
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