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We're not going -- nor.
And our next -- wouldn't allow me -- if I -- -- joining us with his outlook Wall Street veteran president of Seaport Securities Ted -- territory to -- here.
This is these these are manage numbers we understand expectations are created and fulfilled.
But still I feel better about it all just knowing that you know that you're looking at they're up two thirds of the simply doing pretty well at a report.
Well it it is true but we also note not to be too cynical about the topic.
That they resist certain amount of managing expectations investors' expectations but the real bad number now is his top line number.
This it's that it's the almost 50% of companies that have missed on on the revenues right and the excuse is.
The Euro zone or exchange rates and exchange -- to -- just a code word for the Euro zone.
This is I think potentially a problem.
-- I just wouldn't wouldn't look at the they aggregate revenue of the S&P 500 companies that have reported.
I mean we're getting we're getting hurt here.
You know it's not dramatic but it's still significant.
Well yes I mean that this there's a lot of moving parts the world is all interconnected.
A lot of big US companies rely heavily upon offshore revenue and earnings.
This whole dollar -- trade places that this when the dollar -- strong and hero gets weak.
It really hurts big US companies and so they need the weak dollar so.
Everybody keeps talking down the economy telling us how bad -- in Europe and the Bank of Japan as -- their single handedly if it.
Raising the all of Asia it seems.
Is he -- a possibility.
Is it possible with the market the stock market.
On the little Wall Street is right about this economy and looking down the road in sees things -- the.
That -- the rest office well you know we learn early on not to fight the tape edited tape doesn't lie clearly that they see something.
That perhaps none of -- -- certainly I don't see at the moment.
Because the selloffs.
When they come they are brief.
They are relatively shallow.
And they have proven to be a buying opportunity every time including what we saw a couple weeks ago we had not -- commodity you'll have another B word on themselves brutal.
You know it's it's at its technical but when you reversed a trend.
Guess I can no -- no nine you know we went down day after day after day and then we would get those rallies and their sharpened their brutal brutal.
But we get the reverse.
In a bull market and so you get those selloffs and they are brutal but the fact is they don't last very long and they have proven to be buying opportunities.
So what's it going to take to bring back the retail investor here.
Because that is the one topic I hear from every from every brokerage from every professional.
On the street and that is the absence of retail trade.
And that is the 64 dollar question of aggressive seaport we've talked about this in the past.
The phone simply are not ringing so I always -- when I'm seaport but the fact is I don't think they're ringing any place.
And I don't know if it's a confidence.
Just overall that they have a right -- remains negative and that's what that's what the public is reading.
Or discard him always known -- -- still so deep and so open that they just basically don't want to touch that stove again.
And I think there is a dismaying.
And this is not a partisan statement because it applies to both political parties there is -- about political leadership in this country.
From the president for a -- -- -- -- -- -- --
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