Listen: GE falls below $10 for first time since 2009 after analysts say dividend cut may not be enough
"For the longest time this year of the common thing your question that was out. There was how was the United States continuing to have such positive markets. The face of so many headwinds, whether it be geopolitical risks, whether it be global slowdown whether it be trade tariffs. The unknowns things of that nature, and it, and it does seem like, you know, some of those concerns and have sort of came home to roost with this. You know, very volatile month of October. And it certainly is living up to its billing as a as a very challenging month in the market. Now when all of that was happening though, we continued to say, oh, well, the market's president I hadn't priced it an headed. What's changed? Well, I think it's actually pretty interesting because at the end of the day corporate earnings drive an awful lot of this. And you know, the corporate earnings story in the US, generally, very very strong. You know, eighty percent of reporting companies have beat analysts expectations. But the challenge has been not so much the earning side, but looking forward at the at their revenue projections, and you know, there's been a fair amount of company and roughly a third of them have missed on revenue which brings us a question to the forefront of have we gone past sort of the peak growth, the United States, and and to your point the assumptions of what was priced into these talks, very well may not be accurate. And when in doubt in Montebello Tober sell trying to understand peak growth at the same time. When you've got the fed adopting a bias to tighten and the Galati debate as to whether or not the tax cuts will have longer term impact, or whether this is a sugar rush that will eventually fade. I mean, very quickly. Absolutely, correct. That's one of the biggest thing there. Let's let's take both of them. I fed where right now, the fed really is almost like during a lose lose scenario in that if they sort of take a pause with with a pike in December that that seemed like it was going to happen. They certainly could be seen as, you know, you know, coming to the pressure that President Trump is putting them on the flip side if they continue to raise and they do raise in December after you know, in in the face of a challenging stock market. You know, they could be accused of certainly, you know, taking the wrong step there. The fed is really tough spot rate. Chuck, let's deal with the tax issue when we continue the conversation, and whether or not you're of the view that the tax cuts that were given to corporate America will fuel"