JOHN: NASDAQ, S&P 500, RUSSELL
2000, AND DOW TRANSPORT KICKING
OFF NEW YEAR POSTING RECORD
CLOSES, WILL STOCKS BE ABLE TO
KEEP MOMENTUM GOING IN 2018,
BACK WITH ME.
GARE SMITH, AND JONE
GARE SMITH, AND JONUS, GARY, NO
BULL MARK THE LASTS FOREVER.
WHAT DERAILS THIS ECONOMY IN
2018 IF ANYTHING?
>> WELL, I GUESS JOHN, IT IS
GOING TO BE SOMETHING WE'RE NOT
DAY WHEN I WAKE UP LOOKING AT
DAY OR UNEMPLOYMENT OR IT IS YOU
KNOW, A FACEBOOK MISSING
EARNINGS.
I DON'T SEE IT OUT THERE I
THINK, I'M TRYING TO FIGURE OUT
WHAT THE MARKET FEELS LIKE.
AND IT FEELS MORE LIKE MID --
EARLY TO MID 90S WITH THE GREAT
RUN, 20, 30% FOR LIKE 3 OR 4
YEARS UNTIL IT CRASHED.
EARLY 2000, BUT THAT IS WHAT IT
FEEL LIKE WITH TAX REFORM, WE
HAVE WITH THE TRUMP CUTTING
REGULATIONS, WITH GDP OVER 3%.
I HAVE TO ADMIT I'M BULLISH
DO YOU BELIEVE THANKS TAX CUTS
ARE BAKES INTO THE ECONOMY
ALREADY?
>> I'M GETTING WORRIED.
THIS IS A GOOD ECONOMY, THAT IS
MY BIGGEST FEAR, IT IS A LITTLE
TOO MUCH OF A GOOD THING, MAYBE
1998 LEVELS IN MARKET, BUT
DANGEROUS STOCK MARKET BUBBLE,
WE'RE NOT FAR, WE'RE AT 2,000 6
LEVELS, I AM CONCERNED ABOUT TOO
MUCH POSITIVITY.
YOU DON'T WANT TO INVEST WHEN
PEOPLE ARE TOO ENTHUSIASTIC
ABOUT INVESTING.
THERE IS AN UNDERLYING BUBBLEY
THING GOING WITH
THING GOING CITH
THING GOING CRYH
THING GOING CRYPTO CURRENCY, THE
SUBPRIME MORTGAGE CRISIS, WE'RE
LIKE HALF WAY THERE.
OVERNIGHT IT IS LIKE BURNING
JOHN: JONUS, SUBPRIME MORTGAGES,
DERIVATIVES OF
DERIVATIVES DF
DERIVATIVES DERIVATIVES, BITCOIN
SEEMS TO BE DETACHED FROM THAT.
THERE SOME VAL THREW.
DO YOU THINK IT IS DETACHED FROM
THE MARKET.
>> AN EXCELLENT POINT, IT DOES
NOT HAVE EVERYONE'S TEETH IN IT
I SEE ARTICLES ABOUT NEW BANKS,
NEW HEDGE FUNDS WANTING TO GET
THERE.
THAT IS MY POINT, IF IT KEEPS
GOING THAT EVERY HEDGE FUND AND
BANKER WANTS TO BE IN, THAT IS
WHERE IT IS DANGEROUS, RIGHT NOW
IT SAY GLORIFIED PEANUT THE BLUE
BEANIE BABY WHICH WAS WORTH A
LOT OF MONEY.
THEY ARE NOT ASKING ABOUT HOT
S&P 500.
THAT SEEMS BORING.
JOHN: ALL RIGHT, GARY, IS
BITCOIN THE NEWEST PUPIL TULIP
MIXED ON THAT ONE IS BECAUSE I
DON'T HAVE A POSITION, MY
DUAGHTER DOES IN BITCOIN.
THE SUPPLY IS LIMITED, THE BAD
NEWS AS JONAS POINTS OUT IS THAT
THERE SEEMS TO BE NO MOTA,
ROUND IT -- AROUND IT NO PAIR
QUESTION TO
BAESTION TO
BARRTION TO
BARRIEON TO
BARRIER. TO
YOU HAVE ALL MOVING AROUND, I
THINK THERE WILL BE A MARKET FOR
CRYPT TO CURRENCY JUST LIKE FOR
INTERNET BROWSERS IT TURNS OUT
IT WAS NOT NETSCAPE, IF YOU
REMEMBER THAT.
IT WAS SOMETHING ELSE, INTERNET
EXPLORERO
MAYBE, IS CRYPTO CURRENCY'S