at a reasonable price, it's not subjective, it's a method of analyzing stocks by the legendary peter lynchd -- if you want to figure out the maximum, the growth guys will be willing to pay for stop, need to be able to look at the world according to carp. >>> you cannot learn more from peter lynch? it's, easy go to amazon and buy -- or beat the street. it's one of the most important investment books ever written. there's a dirty rule thumbed that's never -- a knee down, although there are exceptions, it can help us realize when a stock is overvalued or undervalued based on what the growing fit -- the stocks probably cheap. and you stop selling out a multiple that's more than twice the size of its growth rate -- >>> due! >>> probably too expensive. so -- 20 times earnings and has a growth rate of 10%, then it probably doesn't have much upside. it's reached the two times growth ceiling, always remember that. there is another piece of wall street jabbers that can help simplify the process. the puck russia, the peg, that's the price to earnings to growth rate. where that p e multiple divided by

peter lynch can come out of retirement, because we're not longer going to picking etfs. >> we've so oftenrd it's going to be the year that that matters. nancy, you get the last word. >> the job market has started to show weakness, but the consumer is strong because most people are working. the baby boomer generation has half of the nation's net worth. they are still spending. that said, we are seeing some cracks in labor. i think we're going to continue to see industrials kind of bottom out here with the pmis. and then you have an opportunity for really strong markets. so i would disagree with jim on that. i think you want to own stocks here, even with a 5% money market rate. >> or even with cracks in the economy that you describe, isn't it time to be cautious? >> it is, but everything about this whole cycle has been different. so we are working off of the pandemic excesses, and i think you have to step back and it is a stock picker's market for sure, which is why you want to be focused on technology. i think you want to own industrials overweight, because they tend to do well as the pmis

my son is 12, i would follow the peter lynch model, get him stuff he can relate to like he's a travelosoft. my if daughters, maybe get them lululemon and darden restaurants because they love olive gardening. i mean, you get your kids something they would appreciate. i know this isn't necessarily about kids, but my kids do fit in. charles: -- when they get their first job, you're their dad, maybe they have an advantage, but do you think they'll carve out cash, whatever cash they can to invest? >> they will because i teach them about that, you know, every single day about being financially responsible. the issue is we still don't have that kind of education in high schools across the country. charles: right. >> yeah. >> people don't know how to manage their credit card debt and their checkbooks and all that stuff, so we are missing from an educational standpoint on educating these kids on the value of to investing and saving. charles: and the demon of the wealthy goes back to the -- demonization of the wealthy goes back to the robber-barons, and yet we enjoy what they created. we enjoy

so maybe peter lynch can come out of retirement now because he's been the best stock picker ever.you know what? that passive investing is skewing the market in terrible ways and, to your point, 5.9 trillion i think now in money markets and counting. jim, good stuff. always appreciate you. >>> all right, folks, my next guest, by the way, also rejects this soft landing narrative, that's because she does see recession for 2024. joining me now, daily insight strategist roukaya inn rah rahim. i was reading your notes, minnesota tear policy as sort of core reasons for the -- monetary policy as sort of core reasons. tell us more about this. >> i think as you highlighted, there are a lot of recession indicators, you know, last year that were point dog recess education and going into this year a lot of people were expecting recession, but that clearly didn't happen. so people are assuming that it's not going to happen going forward. but i think what people are forgetting here is that the pandemic did introduce some disruptions, you know? some unique factors, idiosyncrasies that, we believe

. >> the great peter lynch described the fact is the reason you have to be in, a couple days a year ishere all the performance is. we just had them. do we have a chart of caterpillar? it's insane. you know i think the world of caterpillar. >> i know you do. >> it was up 14 yesterday. people say, wow, i got the short wrong. even was telling me to be short. everyone said that rates are going up. everyone said that all the -- that there's big inventory problem. oh, my god. panic. there was panic in so many names yesterday. >> i didn't see caterpillar. i was expecting we would have it. >> i think that's in the dow and that -- >> does that and or was does it mean? is this broadening outgoing to continue? >> ex-williams, the broadening out can continue a little bit, but already people are saying the banks -- you can't tell from there, it's the right -- >> the last point there. >> the banks, there are already downgrades of zions bank because they think it moved too fast. i think that's wrong. these are banks, we go back to the march banking crisis, most of these stocks are still there. if we