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-- -- But we start with Scott Scott -- the president of Delphi management Scott what do you make of this market is it too frothy overall I think actually I don't think shoppers who are we had a correction a couple weeks ago.
And if you look at the yes impeach mr.
homogeneous -- -- for the market even though it's up nicely here.
I'm using roughly a 105 dollars and earnings -- streets -- it's only really about a fifteen point three multiple here.
And that's still below the historic meeting in the post where here of sixteen times.
It also you have to look at nominal interest rates the ten year still well below 2% it's very hard to get yield.
So the place to be is an equities I will make this caveat it's.
It's cheaper when large caps and small and mid cap if you look at the Russell 14500.
The roughly nineteen times expected earnings are at this point.
OK so that is.
And it does that turn on the TV today -- blog on the Internet and see something like we have the bottom are screened down its 151000 and they'll start to think along the lines -- -- question about whether the markets to -- say no.
Have -- new book where specifically.
He talked about large vs small but dig a little bit deeper than that what looks attractive do you -- Now well a lot of the big name tech stocks that have really good growth.
Believe in the Rodney Dangerfield since January 1 let's take a copy like Qualcomm.
Stock 63 this morning -- -- sixteen dollars a share in cash -- feedback about.
You take the earnings is selling -- ten and a half times earnings from legitimate 20% -- Another company and -- missed.
Actually on top line revenue -- licenses as oracle but if you back out the cash there.
And it's nothing but a money machine -- stocks holing a ten times expected earnings as well these are great franchise is not like the earnings and had a -- -- semiconductor capital equipment stocks will we still haven't reached at the trough in the earnings cycle.
In terms of the of the bigger companies have done well it looks like.
That investors are taking that one baby step from the safety of debt.
Into the what are low volatility.
Names consumer related companies food companies how overvalued or those at this point.
Barry because if you look at the companies like Pepsi and Coca Procter & Gamble they're lucky if they have three and 4% top line wealth in this selling its seventeen and eighteen multiples well above the market multiple.
Can truthfully that -- nominal GDP nominal GDP is roughly 44 and a half percent.
So that may be safety prefer standpoint of a value investor there's really no value when those stocks.
How overvalued we are on small cap stock for a -- Because well -- individual names that are good but truthfully it -- nineteen times earnings is a class -- -- -- extremely overvalued at this point -- a huge premium to the S&P multiple -- is thought to have you down from Boston to.
Here's the studios in New York think that Celtics can do tonight against an answer I don't know that they've they've got it but I'll get a yeah.
There did you read more or I'll say it's at Celtic pride we hope they don't Paul Pierce and Kevin Dunn had a getting -- -- -- they do have a lot of pride -- missing Rondo so I know now the fun tonight and it's been a fun series so -- crazy -- Thank Scott we got down with golf nothing -- -- many what -- us a little bit but but but thank you so much.
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