Thanks for the great information. Jim also said he thinks the market is trading on "the potential that things get a little uglier before they get better with China."
In the Call of the Day, Judge on Wednesday's Halftime brought in Scott Devitt to explain Devitt's GOOGL upgrade to Buy. (This writer is long GOOGL.)
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Nathan scoffed, "With the government's scrutiny right now, they're not going to be able to buy anything." (Yeah. Sure. We'll take the other side of that. What exactly, at this moment, is the government "scrutinizing" about Facebook?)
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Share in LinkedIn Pete Najarian brought up the old is it a car company/is it a tech company thing again.
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Jim said, "It's looking for more reasons to end." But, "I don't think it's going to end," because earnings are growing.
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Weiss added, "The interesting paradox (sic) here is that I was more worried when the market was going up 100 and 200, or 1% and 2% every day, then I am worried now." Not quite a paradox, but we'll let it go.
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