Scott Wapner (Host) 00:00.150
i turn to you mike for the last moments that we have it's going to be an important one i guess at an important time just to figure out what for sure what's going
Michael Santoli (Senior Markets Commentator) 00:06.870
on anytime you can hear from anybody related to this and you wonder what micron or another one of these players in the food chain can say that kind of gives people confidence going out several quarters that it's not been double ordering and that in fact all the demand is going
Michael Santoli (Senior Markets Commentator) 00:20.510
to be there one of those days today where you know we aren't able to absorb the pressure from from the AI but it's one of those deals where you lost the game but you covered the spread because most stocks did better than the index and it really is still kind of a fifty fifty
Michael Santoli (Senior Markets Commentator) 00:34.310
market it's just that they weren't able to really support the indexes now we're now at sixty seven twenty in the S and P basically where we were before last earnings season started so we're talking about early october levels that we first got to a corollary to that is markets
Michael Santoli (Senior Markets Commentator) 00:49.710
less expensive than it was nvidia is down to twenty three times earnings it's the same as the S and P so i guess somebody might be looking at that and saying the markets giving you a chance here to enter
Scott Wapner (Host) 00:59.390
OK yeah well the nasdaq is down one and three quarters percent so we'll see who wants to come in through the door as the bell rings us red i will see you tomorrow