The markets have been ‘remarkably predictable,’ expert says

>> HISTORICALLY, THE WEEKS LEADING INTO THE MIDTERM ELECTIONS, COULD BE BUMPY MARKET, UNDISCUSSED LEAVES THE STOP WILL BE FLASH, TWO DOWN THREE MIDTERMS, MAYBE TO THE BUY BUTTON LET'S BRING IN THREE HOLDINGS COMMERCE CEO TROY HUNDRED DURING WHILING AN INTERESTING TIME POLITICALLY BUT FOR THE MARKETS AS WELL AND WHAT ARE YOU WATCHING. >> FALL FROM A MARKET PERSPECTIVE IF YOU LOOK HISTORICALLY THEY BEEN REMARKABLY PREDICTABLE FROM AUGUST 18, THROUGH OCTOBER, IS AN AVERAGE DOWN ABOUT 8 PERCENT I GUESS WHAT HAPPENS, THE MARKETS ARE ALREADY OFF AND HAVE THE WORST WEEK SINCE MARCH THERE'S A LOT OF BREATH TO THE MARKETED OVER HALF OF THIS BOXER 10 PERCENT OFF YOUR HIGHS IN THE EARNINGS ARE STILL THERE PRETTY SO I DON'T CALL THAT IT TOUGHER THINK THAT IS JUST OPENED IT AND SUPPLYING OPPORTUNITY AND I THINK THAT WE WILL SEE THEM THROUGH NOVEMBER AND I'M STILL HOLDING ONTO 7900 OR MAYBE 8000 PER YEAR. >> OKAY WILL WATCH ALL OF BAD AND WERE TALKING A LOT ABOUT THIS WE HAVE NVIDIA AFTER THE CLOSE TOMORROW NIGHT IS ALWAYS A MAJOR SORRY FOR THE MARKETS WILL SEE WHAT MOVES THE MARKET. THAT'S A PICK FOR YOU AND WHAT YOU SAY ABOUT THE EARNINGS TOMORROW NIGHT AND WHAT DO YOU WANT TO SEE FROM NVIDIA. >> WILL EVERYBODY IS TALKING ABOUT NVIDIA SO MAYBE I CAN TALK ABOUT SOMETHING DIFFERENT. I DON'T THINK EVERYTHING IS FULLY PRICE DOWN. TO NVIDIA HAS BEEN BORING ALL YEAR THE VOLATILITY IS LOW AND IT IS SO OFF 70s ZERO IN FIRST TIME IN FIVE YEARS. BUT IF YOU LOOK AT IT COMING IT IS STILL REALLY GOODBYE AND IS WAY BELOW THE FIVE-YEAR AVERAGE ON THE FORWARD PE AND ITS RATIO STILL .5 AND SO, I THINK THERE'S A LOT ABOUT SITES HERE AND INITIAL FUNDS DO NOT PHONE NVIDIA AND POSITIONING CHART DOESN'T EVEN REGISTER SO IS A PAIN GAME IS ABILITY TO CONSTANTLY DON'T HAVE YOU KNOW YOU GET IN WITH JACKSON HOLE OR ANYTHING LIKE THAT, I THINK THAT YOU ARE LOOKING AT A REALLY BIG POP HERE FIVE - 10 PERCENT THIS WOULD BE A PAIN GAME. >> OKAY LET'S TALK ABOUT MICRON THE STOCKS WERE TRACTION AND REALLY JUST OPENED UP A NEW FACILITY OPEN WILL BUILDING AND HE WANTED UPSTATE NEW YORK EXPANSION OTHERS RATHER THAN WHAT YOU SAY. >> TRYING TO LOVE ANYTHING BUT I DO LOVE THIS TALK OKAY AND A STOCK IS AT A POINT WELL THEY RATIO ABOUT A NINE RIGHT TENANT FORWARD AND IS 30 PERCENT MARKET BREAK CHINESE IPOS NOTHING RELEVANT UNTIL 2028 AND EVEN MEMORY NOW MANY OF THE CHIPS TIMES DEMAND FOR THIS TALK NOW AND I THINK THAT YOU HAVE 70 PERCENT UPSIDE NEXT 12 MONTHS BE OKAY NO NO I GET MICRON IS BEEN WILL BE TEN UP AND BECOMING BACK INTO FAVOR SOME SORT OF THIS AND THIS IS A POWER-PLAY DIMENSION TURNS ELECTRICITY HEDGE TRAINS AGO ABOUT THIS MAP TWO THINGS REALLY QUICK, FIRST OF ALL, WE ARE MOVING FROM CHIPS, TO MEMORY, TO WHOM TO KEEP LIGHTS ON WE HAVE TO HAVE ELECTRICITY IS SO TO PICK IN A SHOVELING GOLDRUSH. IN A SECOND ONE IS RESIST MORE MONEY GOING IF YOU LOOK AT ALL OF THE 13 UPS, HEDGE FUNDS COME THERE'S A REMOTE TOWARDS ENERGY SOME OF THE LEAST REGULATED THE BEST VALUES AND SIMILAR STORY TO MICRON OF 30 PERCENT FROM THE HIGHS AND OUT A HUNDRED 14 FORWARD PE RATIO AND OPAQUE RATIO ENFORCEMENT AGREE WITH YOU I GUESS WAS EARLIER TALKING ABOUT THE POWER PLACE THAT HE IS LOOKING AT IN CERTAINLY THAT'S THE STORY OF THE DATA CENTER BUILDOUT AND IT WILL CONTINUE INSURANCE OUT JACKSON HOLE THIS ONE BE FRIDAY WE WILL HEAR FROM FEDERAL RESERVE CHAIRMAN HARSH AND THAT MARKET SEEMS TO BE AT THIS POINT, PRICING AFFECT YOU VERY CITY POLICE IN SEPTEMBER POCATELLO DO YOU HAVE BEEN 21 HEAR FROM KEVIN WASH ON FRIDAY. >> RECONCILIATION WE HAVE A HOUSE DIVIDED AGAINST ITSELF RIGHT I CANNOT STAND SO WHEN WE HAVE WELL WE HAVE THREE FED GOVERNORS THE DEVOTED NO RATE HIKE AND THEN WE HAVE WASH SAID THE LONG INCIDENT REPORTING WE HAVE A TREASURY SECRETARY SAY HEY I'M GOING TO BUY THE RATES DOWN INTUITIVE RATION FUN IN THE SHORT IN THOSE THINGS DO NOT RECONCILE IS FROM THE MARKET IN A BAD MOOD. >> I AGREE. >> YOU NEED TO BE RECONCILED THIS IS A CHANCE FOR KEVIN WARSH TO STAND UP AND SHOW SOME LEADERSHIP. >> CAN WE ALL JUST GET ALONG THAT COULD BE A GOOD