um so let's jump right into it first up |
4.5 |
Jump to 94.74 |
ORDINAL
first
|
yeah actually is we're up about one and |
3.88 |
Jump to 101.18 |
CARDINAL
about one
|
a narrow trading range around 4 100. |
5.04 |
Jump to 113.939 |
CARDINAL
around 4 100
|
thought so remember going into the first |
3.301 |
Jump to 237.599 |
ORDINAL
first
|
that earnings were going to be 10 20 |
2.821 |
Jump to 247.799 |
CARDINAL
10 20
|
lowering their estimates for the first |
4.5 |
Jump to 253.019 |
ORDINAL
first
|
for the first quarter because the |
2.579 |
Jump to 258.9 |
DATE
the first quarter
|
expected second quarter is a little bit |
3.961 |
Jump to 261.479 |
DATE
second quarter
|
lower but not dramatically the second |
3.6 |
Jump to 263.58 |
ORDINAL
second
|
thinking earnings going to be down 10 to |
4.2 |
Jump to 280.08 |
CARDINAL
10
|
20 this year right now the current |
4.62 |
Jump to 281.46 |
CARDINAL
20
DATE
this year
|
one percent that's not a big year but |
4.92 |
Jump to 286.08 |
PERCENT
one percent
DATE
a big year
|
that's not down 10 to 20 so the |
5.64 |
Jump to 287.94 |
CARDINAL
10 to 20
|
calling upon this recession for six or |
5.28 |
Jump to 293.58 |
CARDINAL
six
|
eight months now and it hasn't happened |
4.02 |
Jump to 297.06 |
DATE
eight months
|
yet now we may get one we may get a mile |
6 |
Jump to 298.86 |
|
think was six trillion dollars that's |
3.06 |
Jump to 382.02 |
MONEY
six trillion dollars
|
about 50 percent of that was Social |
5.52 |
Jump to 385.08 |
PERCENT
about 50 percent
ORG
Social
|
Security uh Medicare and Medicaid 50 of |
5.34 |
Jump to 387.12 |
ORG
Medicare
ORG
Medicaid
CARDINAL
50
|
of it defense was 13 paying the debt was |
5.34 |
Jump to 405.6 |
CARDINAL
13
|
I don't know five to seven percent so |
4.26 |
Jump to 408.18 |
|
um you know maybe 20 percent |
4.921 |
Jump to 418.919 |
PERCENT
20 percent
|
from 62 to 63 and 64 and there's there's |
4.44 |
Jump to 456.72 |
CARDINAL
62
DATE
64
|
about 66 you can retire at 62 but your |
6.059 |
Jump to 464.58 |
CARDINAL
about 66
CARDINAL
62
|
um you know kick in around 66 and full |
6.96 |
Jump to 470.639 |
|
benefits only until 70. so people |
5.759 |
Jump to 473.94 |
DATE
70
|
you think well first of all the thing |
4.981 |
Jump to 494.699 |
ORDINAL
first
|
stock market returns about 10 percent a |
3.24 |
Jump to 529.8 |
PERCENT
about 10 percent
|
and I you know I had almost 75 percent |
6.12 |
Jump to 547.26 |
PERCENT
almost 75 percent
|
funds S P 500 is my largest holding I |
6.44 |
Jump to 553.38 |
PRODUCT
S P 500
|
their 401k if they have one available |
5.88 |
Jump to 612 |
PRODUCT
401k
|
they're two uh cautious on their risk 30 |
5.98 |
Jump to 614.12 |
CARDINAL
two
CARDINAL
30
|
know 20 in the bond markets you're too |
4.56 |
Jump to 625.86 |
CARDINAL
20
|
more than five years owning a home makes |
4.68 |
Jump to 643.92 |
DATE
more than five years
|
I've owned it for more than 15 years so |
5.28 |
Jump to 669.54 |
DATE
more than 15 years
|
living if you're staying in one place |
3.48 |
Jump to 683.64 |
CARDINAL
one
|
Exchange celebrated 231 years this week |
5.519 |
Jump to 701.76 |
DATE
231 years this week
|
yeah I got there in 1997 uh I had been I |
6.12 |
Jump to 711.6 |
DATE
1997
|
had done stuff sporadically from 93 to |
5.101 |
Jump to 715.079 |
CARDINAL
93
|
97 but I came full time in 97 there were |
4.44 |
Jump to 717.72 |
CARDINAL
97
CARDINAL
97
|
4 000 people on the floor when I got |
5.099 |
Jump to 720.18 |
CARDINAL
4 000
|
there in 1997. um and 80 of the volume |
5.82 |
Jump to 722.16 |
DATE
1997
CARDINAL
80
|
225 250 guys doing uh fifteen to twenty |
6.341 |
Jump to 733.519 |
CARDINAL
225 250
CARDINAL
fifteen to twenty
|
and software that enables sub second |
4.56 |
Jump to 748.92 |
ORDINAL
second
|
the 231st as I recall May 17 1792. |
8.1 |
Jump to 782.1 |
PRODUCT
231st
DATE
May 17 1792
|
um and there were 24 Traders uh and they |
4.38 |
Jump to 813.12 |
CARDINAL
24
|
um we will only trade amongst us 24 and |
4.739 |
Jump to 822.66 |
CARDINAL
24
|
the sixth floor the original copy is |
3.539 |
Jump to 842.04 |
ORDINAL
sixth
|
there it's one of the most important |
3.781 |
Jump to 844.139 |
CARDINAL
one
|
um and uh these 24 members all signed it |
5.52 |
Jump to 847.92 |
CARDINAL
24
|
that one of the guys who signed it was |
3.839 |
Jump to 855 |
CARDINAL
one
|
trade in 1792. what had happened was |
4.28 |
Jump to 872.04 |
DATE
1792
|
what these guys did these 24 people did |
4.861 |
Jump to 916.019 |
CARDINAL
24
|
Street and one of the reasons the odd |
4.14 |
Jump to 1014.54 |
|
about 1811 that New York had a grid plan |
6.24 |
Jump to 1032 |
CARDINAL
about 1811
GPE
New York
|
name and he's one of the guys who signed |
4.26 |
Jump to 1047.299 |
|
appointment and by that I mean uh one |
4.2 |
Jump to 1068.24 |
|
um uh during the 18 you know 40s and 50s |
4.98 |
Jump to 1091.1 |
CARDINAL
18
DATE
40s
DATE
50s
|
would trade it for five minutes so the |
2.82 |
Jump to 1100.46 |
TIME
five minutes
|
chairman would say I have a bid ten |
3 |
Jump to 1102.02 |
CARDINAL
ten
|
just that one stock for five minutes and |
3.779 |
Jump to 1105.02 |
CARDINAL
one
TIME
five minutes
|
seventh floor a remnant of the old |
3.659 |
Jump to 1120.14 |
ORDINAL
seventh
|
the 1903 building but there was a |
3.841 |
Jump to 1123.799 |
DATE
1903
|
the wall on the seventh floor it's the |
3.96 |
Jump to 1133.16 |
ORDINAL
seventh
|
and the clock only tells time in five |
3.36 |
Jump to 1137.12 |
CARDINAL
five
|
it's literally a five minute handle and |
5.319 |
Jump to 1142.72 |
TIME
five minute
|
uh at the end of five minutes they they |
4.919 |
Jump to 1146.12 |
DATE
the end of five minutes
|
in one more question before we end today |
5.579 |
Jump to 1217.1 |
CARDINAL
one
DATE
today
|
um we had one coming from Frank Holland |
6.899 |
Jump to 1219.14 |
CARDINAL
one
PERSON
Frank Holland
|
of June 1st you know we've talked about |
4.2 |
Jump to 1228.62 |
DATE
June 1st
|
annually dropped 25 points on word that |
5.94 |
Jump to 1248.84 |
DATE
annually
CARDINAL
25
|
in the second half of the year are too |
4.8 |
Jump to 1344.72 |
DATE
the second half of the year
|
second half of the Year believe it or |
3.241 |
Jump to 1365.659 |
|
look six to 12 months out so we're |
4.801 |
Jump to 1378.679 |
DATE
six to 12 months
|
already you know looking in the second |
5.039 |
Jump to 1381.14 |
ORDINAL
second
|
the first and second quarter now of |
3.541 |
Jump to 1405.679 |
DATE
the first and second quarter
|
2024. |
4.819 |
Jump to 1407.36 |
DATE
2024
|
estimates are higher for the first and |
3.84 |
Jump to 1417.14 |
ORDINAL
first
|
second quarter so we'll see remember |
4.919 |
Jump to 1418.76 |
DATE
second quarter
|