he isser is me segal, professor of finance at the wharton school and uthor of "stocks for the long run." always great to have you on the program. welcome back. >> thank you very much, maria. >> so the markets have been so mixed these last few weeks, but you think it's a great time for investors. what makes youo so optimistic? >> they're allowed shrm uncertainties, but i look at valuation. i look at earnings and i look at the prices of stocks and right now, first oall, the second-quarter earnings are coming in really extraordinarily good. full-year earnings are looked at so that the valuation othe market, the p-e ratio, the price-to-earnings ratio which is the major measure that we finance economists use in order to judge the valuation of the market is now standing around 13 times earnings. the average over the long run is just about 15 and the average is higher when interest rates are as low as they are today. so right now i think it could be like once in a generation opportunity for long-term investors to buy stocks. >> long-term investors to buy stocks, but at the same time we had th

my name is david segal. i'm running because the people of ryland want and deserve the congress member who will stand up a powerful interest and when real victories for families. we need washington to do more to address our serious challenges. the big corporations, big banks, big insurance companies have far too much power and influence. the hard-working families in our communities have too little. i want to be a voice for those working families. as a providence city council member and now as this decrepit the -- the state rep, i have stood up to loans that were making predatory loans and for closing in homes and our neighborhood. i have stood up against developers who took millions of dollars and refused to hire sidents to work on their projects. i pushed back against national grid to bring grain jobs and renewabl energy to rhode island for the first time. i worked to reform political corruption in campaign finance. -- and cpaign finance. that is why i am asking for your vote. >> thank you. david cicilline h

my name is david segal. i'm running because the people of ryland want and deserve the congress member who will stand up a powerful interest and when real victories for families. we need washington to do more to address our serious challenges. the big corporations, big banks, big insurance companies have far too much power and influence. the hard-working families in our communities have too little. i want to be a voice for those working families. as a providence city council member and now as this decrepit the -- the state rep, i have stood up to loans that were making predatory loans and for closing in homes and our neighborhood. i have stood up against developers who took millions of dollars and refused to hire residents to work on their projects. i pushed back against national grid to bring grain jobs and renewable energy to rhode island for the first time. i worked to reform political corruption in campaign finance. -- and campaign finance. that is why i am asking for your vote. >> thank you. david cicill

segal to jump in on this question. >> jobs are the comparative right now. in my capacity as a legislator, i have helped create jobs. one is the green jobs work i have done, legislation passed under my name three times in a row which says that the cure the proprietor of solar panels or wind turbines if you get paid for the electricity that you generate but do not use yourself. i think that is a great thank ting a great -- i think that is a great thing. but also pushed for an ordinance that says that if you get money from the city of providence that you are supposed to hire local residents to do the work of your project. that push came to fruition for a lawsuit by helped organize against the executive office. now the ordinance is imports and higher rate than before, getting employment for people in hotels and other projects that were built for tax breaks by the city of providence. >> i cannot control the way that some candidates run their campaign. i understand why they think attacking me is one of the only ways they can win this race. i do not have control o