joining us now is hugh johnson, chairman and cio of johnson add vidsers. good to see you again, hugh. >> nice to be with you, sue. >> you like apple at this juncture. what are your expectations? what do you really need to see from the company? >> i don't need to see a whole lot. what i need to see is a continuation of what apple's so good at and that's, one, a product simple to design. the design is simple. easy to use. i don't think they're going to depart from what made them great and that's basically it. now, it's going to be obviously a larger iphone. we're probably going to be seeing something that's wearable. all of that's going to be in the cards. but again, easy to use and i doubt seriously if they're going to depart from that basic ingredient or characteristic of just about everything apple does and got them so many loyal followers or buyers. >> all right. hugh, i know one of the thing that is you do watch at least after reading one of the notes i believe you do and that is the question of the margins that apple can deliver against its revenue stre

anthony valeri is an investment specialist at hugh johnson advisers. anthony, i'm going to start with you. what about those three rings of fear, if you will, and how they maia ply to a market that by some measures may be somewhat overvalued? >> well, the market is a little expensive here. i wouldn't say it's overly expensive, certainly not what we saw pre-crisis or even in the peak of evaluation height, which in '99-2000. we're expensive for a good reason. growth is good, earnings have been real good, but in terms of the mortgage market, no, credit is tight and we actually have better mortgage credit there. don't see leverage an issue there, so i don't see that tripping up the financial market here at all. we do have interpretly some volatility in ukraine and the like, but the real story here is u.s. growth and that's the drive for markets that will push stock markets higher. >> you think the market is a little expensive in some sectors, but you still say to some clients maintain a meaningful or overexposure or weight to equities. is that because there

[ cheers and applause ] ♪ ♪ [ cheers and applause ] >>> my thanks to hugh jackman, nick offerman, jimmie johnsong, have a a great night. i hope to see you tomorrow. bye, bye everybody. [ cheers and applause ] ♪ [ cheers and applause ] ♪ >> announcer: from 30 rockefeller plaza in new york, it's "late night with seth meyers." tonight -- connie britton, actor, ben mckenzie, music from vance joy featuring the 8g band. [ cheers and applause ] and now, here he is, seth meyers. ♪ [ cheers and applause ] >> seth: good evening, everyone! good evening! i'm seth meyers. this is "late night." how's everybody doing tonight? are we well? [ cheers and applause ] excellent news. excellent news. we're gonna start with some political news. during a speech yesterday, former vice president dick cheney advised house republicans to focus on rebuilding the military, or as he calls it, "my precious." [ laughter ] speaking of cheney, this is great. today "the new york times" had to issue a correction after it mistakenly referred to dick cheney as a former president. [ laughter ] of course, george w. bush made that same

. ♪ [ cheers and applause ] >>> my thanks to hugh jackman, nick offerman, jimmie johnson, luke bryan! cheers and applause ] and the roots right there, ladies and gentlemen. [ cheers and applause ] stay tuned for "late night with set meyers." thank you for watching, have a a great night. i hope to see you tomorrow. bye, bye everybody. [ cheers and applause ] ♪ [ cheers and applause ] ♪ >> announcer: from 30 rockefeller plaza in new york, it's "late night with seth meyers." tonight -- connie britton, actor, ben mckenzie, music from vance joy featuring the 8g band. [ cheers and applause ] and now, here he is, seth meyers. ♪ [ cheers and applause ] >> seth: good evening, everyone! good evening! i'm seth meyers. this is "late night." how's everybody doing tonight? are we well? [ cheers and applause ] excellent news. excellent news. we're gonna start with some political news. during a speech yesterday, former vice president dick cheney advised house republicans to focus on rebuilding the military, or as he calls it, "my precious." [ laughter ] speaking of cheney, this is great. today "the n

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