i spoke with jeremy siegel from warden this past week, he thinks we could have 3%, 4%, even 5% inflationbut he's super duper bullish. he thinks the stock market will keep running. jack: very quickly, jack, if we do get that inflation, what does that mean for people who hold bonds? >> it means they get trashed. i don't know, you know, if i'm going to -- [laughter] on bonds right now, i've got to start with why bother. you know, you're not getting income, right? what are you trying to do? you're trying to preserve your capital. if you want to preserve your capital and make no money, they have these things called bank accounts which will do just fine and have a lot more lu quid few. forget about bonds, look at dave end-paying stocks. that's a little too out there on the rusk spectrum for me, but i think you have to look for alternatives. jack: yeah. bank accounts will pay more than a 10-year bond. >>> up next, round table members give looks like they picked the wrong getaway driver. they're going to be paying for this for a long time. they will, but with accident forgiveness allstate won't

and jeremy siegel will weigh in on another volatile week third day in a row down for the s&p 500. six week lows here what he makes of the selloff let's get straight to the big stories we're watching though in this final hour of trade mike santoli tracking the market action steve liesman with fresh comments and joining us to talk about the latest on tiktok and wechat and what means for tech, big technology mike, start us off here with a selloff in the broader market. >> we've been spending a lot of time at the lower end of this recent range maybe a little too much time down there for the comfort of the bulls. this is a relatively routine pullback for now 3300 or. so we hit that a few times you go back a week we were just about right here. 3315 or something is where we finished off i keep pulling back to that august 11 number we're below that now we're breaking a couple of little trend lines like the 50-day average, the nasdaq looks a little worse that's where most of the excess was and the upside is unwound quicker. if this is just a normal correction, sometimes what you need for t

apple and the other faang stocks can continue their out sized role here to talk about that is jeremy siegels wharton school of business it's great to see you this morning. what we can't understand or figure out is tech stocks clearly moved throughout the pandemic higher. then there was a real push was that artificial? the roll soft gbajabiamila made -- softbank made and they bought the stock to ultimately hedge themselves and what this means in the larger context. what's your take >> andrew, i think you're completely right when you get parabolic, you're in trouble. >> these are great stocks they have capitalization in the hundreds of blgs of dollars more, you have to be careful it's very interesting. i went back to 2000. we often talk about that episode. we reached the top on march 10th and then nasdaq went down by 14% interday move in nasdaq. it's just a little bit above that then we rallied back within 1% and then it fell apart and that's often what happens. parabolic move, downturn, rally back and doesn't make it and then goes down but, i mean, i think jim cramer was right last week. he

>> jeremy siegel was on today, professor siegel i've always loved his thinking and he said, look, the nasdaq is not for the long run he was comparing it mightily to the period in 2000 where the s&p held in but the high flyers didn't i think the high flyers are much better than they were in 2000. look, the election is such a wild card. but i do think, i do think, carl, what this siegel says that there are two markets, there's the market that is very much price times sales and price times earnings and he wants to be in the price times earnings which is the s&p i'm not going to go against him. he's been too right in the big picture for as long as i've known him, and i've known him very, very long. his book is just -- it really is the book for this era. it works and david, there's nothing wrong with saying that, yes, a softbank may have put on a great trade. >> yep. >> but you have to take the trade off. and then i'll salute them. it's not -- what is he going for? >> a few hundred years, 300 years. not anymore. the vision fundi, everything was supposed to be long term in nature the stock