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Doc said he agrees with Dubravko Lakos that earnings should be big support for equities. Doc said the issue for the market is "the speed at which things happen."
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"Why would you say that?" Weiss said. He added, "I have the option, the prerogative, of saying, 'You know what, it's been a great run, let me take some off the table, wait for prices to come down, I'll get back in. Doesn't mean I've sold the banks, doesn't mean I've sold Apple."
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2M ago44:38 thanks on the money Moments later, Judge said the S&P energy sector, from its Jan. 22 high, "is down almost 16%."
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"That's Mike Wilson though, that's Morgan Stanley," said Brown. But we're not aware of Wilson saying that; we're only aware of Jeffrey Gundlach saying that.
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so-so Leslie Picker recapped the Ira Sohn picks (which we've been hearing for nearly 24 hours straight in merry-go-round-like fashion on CNBC). Referring to Einhorn, Steve Weiss said he'd be surprised if the whole world didn't already know about about AGO's Puerto Rican exposure. "It's not a new story; you're not- you're not Inspector Clouseau uncovering it, maybe you are, I don't know," Weiss said.
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Jim Lebenthal said GS had a "blowout" in trading and explained the stock's reaction this way: "This is not about Goldman Sachs having done anything wrong. This is simply about the financial sector being unloved right now. ... Frankly I think you're crazy if you're selling financials here."
Weiss said 3% has been resistance, and it "may in fact become support, and then you're in a different world." 5.0 out of 5 stars 1
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