Opening of the new business school quad donated by Mr Tepper
- Stock rally has been even better than I thought
- Tide is turning toward tighter money.
- Late inning game in the stock market.
- CHina tariffs could make it tough
- The market is fair valued if dont have tariffs on China
- Putting on tariffs will impact currencies
- Probably don't have enough exposure. Expose is about 25% in S&P equivalent.
- Fair valued market means about 8% return.
- I am a little surprised at the level the stock market is now
- US has protect the national jewels (ie. technology), so may have to take on some pain as a result.
- Stocks could dip 5%-20% if the tariffs go into effect
- We still like Facebook. It is still cheap for its growth rate. Just not as enthusiastic about it.
- We're still long Micron and sticking with it.
The S&P was up 15.65 points at the start of the interview.
Interview ends and the S&P is at 15.50. So little impact.
