laszlo was a great contributor to the bloomberg terminal.hen it introduced equities for the first time, at the end of the 1980's, laszlo was one of the people who really help make it a product that was robust and sustainable for all the reasons i just said. he was also a great friend to anyone, as you say, who follow the stock market. he was someone who was quick to correct mistakes, somebody who was really just devoted to the integrity of market transparency. the biggest point is laszlo was right most of the time. matt m.: yeah. matt w.: one of the great, if you like, calls was coming out of lehman bankruptcy in 2008 in the great recession that ensued in 2009. if you go back to that period, i think the low was march 2009 for the stock market. matt m.: 666 on the s&p. matt w.: just about everyone on wall street could not have been more bearish and laszlo was one of the few people early in 2009 actually who said this is a great buying opportunity, the market will rise again. and very few people believed him and he said that even though he had

laszlo birinyi was 79. ♪ alix: this is bloomberg markets.lican presidential candidate nikki haley will be joining bloomberg television tomorrow. thursday. don't miss that. this is bloomberg. alix: we get services rolling over from the pmi's and more retailers coming in. it paints a murky picture. on the one hand you have footlocker tanking. they wind up missing its estimates and this -- and suspending dividends. you have abercrombie & fitch boosting its full-year outlook. apparently customers are flocking back to the apparel brand. and also urban outfitters did well. guy: is that where mike mckee got his shirt from? alix: urban outfitters? definitely not. guy: abercrombie. i'm just checking. alix: i don't think that is the -- i mean, no? probably somewhere in the midwest. definitely not urban outfitters. unless there was some cute trendy thing on the sleeves. simone foxman is watching this for us. can we start with footlocker? what are we learning from these names right now? >> i think footlocker the main message, we, consumer, slower than e

laszlo birinyi was 79 years old.ing in cara murphy, chief investment officer at castro -- kestra investment. we have had an incredible rally, year-to-date s&p 500 is up 15-16% and a lot of that driven by what is called the magnificat seven -- magnificent seven. how do you see it? kara: i want to apologize for not bringing my cowboy had today. [laughter] i am here in austin, texas, so i have one but next time. in terms of the market, we are right and we had this incredible run so far this year and it has been driven by just a handful of stocks. we've been looking for broadening out of this market. last nights nvidia results notwithstanding but we think eventually we start to see leadership shift elsewhere. think things like mid-caps, small caps, industrials is another area where looking at, non-us stocks. there are a lot of interesting opportunities in the market. it does not have to be just for the big seven. gina: dig in on that small-cap call, this is something we have been watching all year but that group is stuck