and gamble >> yeah, so proctor is up 4% year to date i like the quarter organic sales up 8%.ollow the dollar with this stock. 55% of their revenue is overseas it has been generally weak, so i like this trade. >> all right devon and proctor and gamble "final trades" are up next we'll be right back. i should . look! what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah! it's time to take control of your investing education. cut through the noise with best-in-class education resources that match your preferred style of learning. learn your way. not theirs. td ameritrade. where smart investors get smarter℠. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. ♪

everyone thought proctor was going to miss. proctor did a very good job. the stock has been straight-up that's an example of what i like to see there are plenty of buzz kills like a qualcomm tonight, which is exactly what you said but i'll trump that with a proctor. let's go to john in texas, john? >> caller: hey, jim, i've been watching you since the kudlow days. >> geez! people hanging with me for a long time. what's up? >> caller: you guys taught me that earnings are the mother's milk of stocks >> they sure are >> caller: hey, jim, i want to ask you about one of my long positions in the aerospace and defense, arc it. >> okay. >> caller: significant after market positions jim, what are your thoughts on transdime? >> transdime is a very, very good company and the aerospace business is very good to them. i know they have a good balance sheet and do a lot of different things it has been in one of my bull market sectors, and i'm going to tell you, i think it's good. i am not concerned for our nation pitch downgrade there are too many people right now who are

the proctors come to santa clara on the 19th and the charges on the 25th. >>> these days, most people have an iphone, a math book or an apple watch. this device is more valuable than any. intrtroducing totogo's new frech h dip sandwiwiches. featuring g fresh artitisan brd pileled high witith tender roaoast beef, smothehered with m melty provovolone cheeeese, just e enough chipipotle maya and serveded with hot t au ju for didipping. trtry the roasast beef or r pasi frenench dips totoday. only at t togo's. >>> it is a vintage apple computer that helped launch the company. it is going up for auction. complete with the signature from steve wozniak. the auction said it has been restored to be fully operational. it comes with a custom-built case and a built-in keyboard. 200 were sold between 1976 in 1977. it was about $600 then. this one , is expected to go for $200,000. we will keep you posted . >>> thank you for watching. we will be back with more 11:00. announcer: it's time to play "family feud"! give it up for steve harvey! [captioning made possible by fremantle media] [cheering and app

story that train arrived from pest to progress full of farmers and land workers were coming to the proctor protest. and the protest about keeping the, the ownership of their loans for testing for the people of the czech republic, against the, sorry, t. c was one of those riots. so he saw these people like that's fighting for his country. and he said, that's where the beginning of this sense when it came to my mind, i want to fight and he said, love god. so this is very tough to up to the hearing the word when the revolution the and is like you side for the stuff like a dog, bob, the typically the get tickets because it's a to the but the but the and then but this is m b but that is all the best way to the car and it's right around the . ready bench yeah. is it a divorce that expires or you know, to cause sure. like, sees and see for pizza and later and passionate confession, item chastity sufficed. the this is for me is like all these dark colors or like sadness or maybe i don't know, some new and colleagues stuff. and this when i play, i always feel that there is hold on the maybe because

speaking, one square meter of one project shines on the facade, we can afford to put three five ten proctorsmposition there. plywood ramps were assembled by a large volcano by the author of the installation bordeaux lovers themselves wanted the site to unite not only skaters. we have always liked the concept that you can don't know to have a skateboard snowboard or surf come to the sport and make friends and that kind of atmosphere. we wanted to create here for people to ride people to watch filmed by a chinese artist. kayuk, who was sitting, left at the opening ceremony of the olympic games in beijing. and now he has come to russia for the first time together with the composer. lowhill installation was opened right on the sports ground, bought in a new place for themselves, and it is simply filled with energy. there are many sports facilities behind me , a basketball court, a playground, a skate park and our installations. you know she does too conveys some kind of energy to the dynamics of change, and i tried to reflect this in the music in my work. we imitate the movement of time with und

proct proctor's one of the better stocks. it ran from 150 to 158. paying time in peryaurgatory of 130s and 140s but now the stock has been crushed. i'm wondering if it's time to buy the stock back to be sold to the charitable trust at a much higher level. i can't believe how quickly those gains were lost if you stuck around. they raised the forecast. it's like they never put up that shocking 13% earnings growth number. it's as stounding how badly the stock acts. you want a company that's plummeting based on nothing? how about the stock of hershey. here's one that's gone in $276 without a peep, although i do like peeps the candy. as the analysts are afreaid of trying to catch a falling knife. meanwhile, what did hershey do wrong? they reported a ten cent earnings beat, raised their guidance to 11 to 12%. talked about gross margin improvements. hershey's opening five new manufacturing places to meet demand but they didn't raise their forecast for 2024. they prefer to be conservative. they had a good quarter met with bad reaction. if it reports the sam

story that train arrived from pest to progress full of farmers and land workers were coming to the proctor protest. and the protest about keeping the, the ownership of their loans for testing for the people of the check republic against the, sorry, t. c was one of those riots. so he saw these people like that pricing for his country and he said, that's where the beginning of this sense. when it came to my mind, i want to fight and he said, love god, i'm so this is very patricia the here in the world. when the revolution the and is like you side for the stuff like a dog, bob, the typical to get tickets because if it to the but the but the and then but this is in the, for the, the best way to the way i've gone. i've gone it's right around the . ready man, yeah. is it a divorce that expires? are you with the car? sure. academic sees obviously for pizza and later i'm passionate confession. i can check the sufficed. busy busy the this is for me is like all these dark colors or like sadness or maybe i don't know, some new and colleagues stuff. and this when i play, i always feel that there is ho

. >> he's playing louis the 15th, his return to the spotlight has proctored criticism after the defamatione against amber heard. some suggest that he should be canceled. what do you think about the woke debates, do you think they are legitimate or part of a larger cultural taking offense? >> i'm not sorry harvey weinstein is in jail. at the same time, i taught in prison, i help people get out of jail that committed murder. who am i to judge other people? that has already happened, that is up to the courts and everything, johnny depp was found not guilty. as far as i'm concerned, he is certainly eligible to get everything back that he may have lost. >> you are very faint and assiduous reader, as well as a writer. and you intimacy told out that advice that if you go to summit's house and they don't own any books the counter should stop right there. i know that you have revisited that quote. >> you go home with somebody and you see books in the bathroom, don't sleep with them either. >> speaking of books and how we consume culture, brett easton ellis was asked whether he thought books would b

versions of the comedian's boats have been passed, so what are the assumptions under the committee's proctorsd nothing else ? and here we are actually talking about the range, that is, we are talking about the fact that it was performed almost at the limit of the technical capabilities of this drone, and by the way, why did it appear information about the fact that the combat part of this fraction is all the nuances that ensure effective execution by such drones, and actually minimizes the risks of disconnecting such drones from the starlink, that is, you can perform tasks in any conditions what does your analysis say about the management of such drones, you don't know about the new attack in novo-russian, we can actually doda m kamikaze managed not only to find a way to overcome possible problems with disconnecting the page and to maintain stable communication throughout the mission well, because until now it was believed that if, for example, on our kontramikadze there, even if there is an option not to use it, to use the staroving, then there the attack should be based on coordinates, that

a big account that so what else to go to this version is only an assumption under the comedian’s proctorswise and here it is actually about the range of this mission, because if we say that this is about the magurove-5 drone, which has a maximum range of up to 800 km , then if we are there, let's assume that the launch of these strike drones was somewhere in the region of 10, then somewhere there almost 700 km, that is, it is said that it was carried out almost at the limit of the technical capabilities of this drone, and by the way, why did information appear that the combat part of this drone is much larger than in previous versions, up to almost 400 kg explosives but i have a question first of all, about the control system, you did a-a materials, analytical de- studied the features of managing such firewood over long distances. can we say that now all the nuances that ensure effective execution by such drones are taken into account? and actually , the risks of disconnecting such drones from starlink are minimized. tasks in any conditions, what does your analysis say about the managemen

he's drawing a proctor, comfortable with days. really the right you should be further know of as it is and is particularly active in the north west pacific. kind of what is a storm, stood around that stuff is off, down here. there's no covering the tree and put into that was gave a babysitter, gale force winds and huge amounts of rain. and surprisingly, most transports being shut down and everybody's back in polls. the risk of flooding is quite high, and then land is on the same. looks nothing now, but it's heading towards the top here, which has been hot and humid for at least 17 days. reco break. you lisa about 55, a little bit cooler. and then a bit of a break before you wait for land to head your way. the monsoon reins of stops at the base and the last the side of the full cost zone. it has some fairly heavy in the polled becomes, or shows and his lights are in bangladesh in the northeast of india. but i suspect there's some pretty nasty weather going on currently in the pole for the rest of india. and so most of the package o

now let's look proctor and we didn't really have see a country is or muscles is really a completely different dynamos. live here on the see bed look start to continue and with also little c o 2 and you see it yeah, right here. ok, so how do they get here? i mean, we know that for a paleontologist like yourself, amber is a very rich material for you to find history and to learn about our past. and what has been the coolest thing that you've been able to find. we're just using, well actually it's not only fossils we find in them, but bearing deposits moves that in the amber itself. there are fossil inclusions that's very interesting because if the fossil loses its structure, manually inclusions preserve the tiniest details like inside passing through from a poly until logical point of view. that's a treasure trove. what's the truth of new knowledge about the ancient m? before is that existed here 37000000 years ago to collide? well, i went speak to myself, but about the ref. finds you can come across and use it for examples to lizards have been found in bolted kind of goes camel spiders that li

therefore, by and large, what so otherwise, entering this version is only an assumption under the proctors. otherwise, it is actually about the range of this mission, because if we say that it is also about the magurove-5 drone , which has a maximum range of up to 800 km, then if we are there let's assume that the launch of these strike drones was somewhere in the area of ​​10, then somewhere i almost 700 km, that is, it is said that it was carried out almost at the limit of the technical capabilities of this drone, and by the way, why did information appear about that that the combat part of this drone is much larger than in the previous versions, and it says up to almost 400 kg of explosives, but i have a question , first of all, about the control system, you did the materials analytical de- studied the features of controlling such firewood at long distances. can we talk about what is now taken into account all the nuances that ensure effective performance by such drones and actually minimize the risks of disconnecting such drones from starlink. that is, you can perform tasks in any cond

deal is locked in proctor toilet from us directly. and that quick look at everything that in crime against you, math is locked and brought to charlotte for the rest of the body. is that display data municipal can be a positive. i'm not to let me can was simple. i'm going to go in yugoslavia club unit cover the speckled name, the the a started in 1983 session with my father on a young man, a site that's all exactly the same as a kid does. when he goes out in the lake and the communities and for advantage with ron, real nice families and calendars for a really long time. my mom was pregnant with me still long winding. and i grew up on long land issue since probably 1970 was my 1st year that i seriously went into the explainable biomass is near historical levels. growth rate have dropped falling when it's done and it's worse form has of leveling effect. and it has a tendency to really just sort of strip away everything that's there. the wave fisheries are changing. it's the way our country is sending. it's increasingly hard for small bus

deal is locked in proctor toilet from us, the ductless and i quit with the 10 crime against the 9th is locked and brought to charlotte for the rest of the laws. is that display data municipal can be a positive, i'm not to let me can was simple. i'm going to go when you decide you love you in a couple of speckled name, the, [000:00:00;00] the, [000:00:00;00] the, in $1884.00, the german empire began its colonial invasion intent. and maybe from the very start, berlin encouraged the white colon as to settle in south west africa and take away the best land from the local drive. the germans were actively draining natural resources and using the local population as a cheap labor source. this was causing major protest and led to a rebuild your in 19 o 4 here arrow and nama drives rebuild against the german colonial rule. kaiser wilhelm the 2nd was fully determined in order to suppress the rebellion with the utmost severity against the inhabitants of nam may be a germany through its 15000 well equipped army. all around the country concentration camps were built. in humane medical experiments o

deal is locked in proctor toilet from us, the ductless and i quit with the 10 crime against the 9th is locked and brought to charlotte for the rest of the volume is that display the data municipal can be a positive. i'm not to be can was simple. i'm going to go in yugoslavia club, you in a couple of speckled named the boys afraid of robert f. kennedy junior. well, apparently everyone in the political establishment and mainstream media very much like donald trump. he says what he thinks liberal tied to use, the den junior is fear because he's fearless the most boy thought does the ability to switch those these mitchell switch out at arctic east for change, which i bought from nova abuse and it was mitchell. and that could be set up at any say it will tell you east uh, east uh, um you said somebody called you select the type who quoted you to is to cause him the dog or j, you'll conducted figure events. he is going to sit up, it needs to just sit in a position where i'm going to send you an image of the tree. that's sort of the, especially if the bucks, if left doesn't. but i think you s

he talked about the proctor calling to be new cuz it will have to potentially by law school. right. to check if it's of course, a blessing if we maybe just put to by word of mouth is going to be a blessing. but practically, it's a curse. is that true for you? oh, yeah. um yeah. its because of this uh, how does the experience when they go to young, the you have to move, you have to put your face, begin regions to, to, to get this of what your needs is before the opportunity has been more than a half year. so you have to just lend the language, i'm encouraging everybody to learn the language that will, that time at the end at the conference because i'm a piece of us adult and still in your own, the national assembly and everything almost 70 percent of what was said was in french imagine i cannot talk about you. good faith conference i you cannot talk. i had a lot to see, but i cannot say anything because i clearly speak english. so i think it was a barrier on my part. so we have come to the conclusion that the language is a blessing, but now there's a problem with the institution. the

watch proctor.with j&j they have the talc issue watch proctor that's come down viciously. kellogg is splitting off that's a very interesting situation. general mills has a problem. the dogs have been trading down which is ridiculous. dogs are trading down. can i -- i've talked -- look i had to -- i got nvidia nvidia is trading down right now. give me a break. i'm a buyer. >> we didn't get petco is down 20%. >> you know what, nvidia don't care for petco he likes just food for dogs. the stuff looks good i've had it. top flight. >> you've had -- >> when desperately hungry you're hungry. >> >> i thought it was bird's eye. looked like a burger. >> pet food. paved my own driveway. it's incredible. >> i ate puperoni. >> we got to go. >> we'll see you soon. jim cramer this morning as the dow is turning around, early session highs up 170 more reaction to nvidia's results and philly fed president like from jackson hole in a moment . >>> good thursday morning. welcome to another hour of "squawk on the street.

the real weakness has been in the consumer staple names, coke, johnson & johnson, proctor and gamble. united health took a move down in the last hour or so. so a little bit of weakness going into the final day of the month. the real winner on the week is tech names. the nasdaq is up 3% this week. it's been tech, communication services, consumer discretionary have been the real winner. if you had a theme for the month, it's simple. first and second half. the first half of the month, stronger economic reports. rates moved higher, stocks moved lower. second half, the better economic data, rates stabilize and stocks moved higher. the ten-year yield, that's the story for the month. we were 4% the start of august. we moved as high as 4.35%, and then back down to 4%. all the way up and back down that's what happened to the stock market, essentially in reverse. the s&p 500, we started august out, 4500, went down right in line with the yields. and then back up to 4500. you can see this in technology, the big winner. xlk, you can own this, same chart, same situation was 175 there at the start,

the only laggard is staples like coca cola and proctor and gamble.e a look at some of the big cap tech stocks. most tech opened plat to down. nvidia is moving quickly. intel is up, microsoft is up. amazon is on the upside. again, big bay, once we got the report at 10:00. another sector is most of the regional banks. co-america, pnc, zion's, all moving on the upside. and we had a big piece of news in the middle of the day. a d.c. court challenging that s.e.c. decision to deny them the right to convert their bitcoin trust to an etf. that's a big, big push for the potential of a bitcoin etf. not happening immediately, but a big ruling in favor of the direction of approving of the bitcoin etf. some of the other sectors, crypto stocks, marathon, coi coinbase, all up in the mid teens. john, back to you. >> thank you. >>> my next guest says the market will continue to improve as recession fears ease. joining me now is the senior portfolio manager for multiassets solutions at global investments. margie, risk appears to be on this morning. coinbase is up. you

only consumer staples like coke, proctor and gamble. the s&p still same thing. broad rally. the equal weight s&p is up just as much as the market weighted s&p. remember, this started in august. broad rally, and then thinned out. now it's broadening out again. nasdaq 100 is up 3.5% this week. remember the old bosses? they're the new bosses again. nvidia is back up, tesla is up with a new high there. micron, and home builders are back, because we have more stable interest rate scenarios. so i just want to show you a one-month chart of the s&p. this is a tale of two completely different months. we had the first half where we were basically straight out in tech stocks. we bottomed around august 18 and almost straight up then. that's when the economic news started turning around. so we're up about 3.5% from the lows on august 18th. and if you wanted a simple graphic, that's what we do. in the first half of the month, we saw some different changes here. we saw essentially stronger economic data, rates moved higher, and stocks moved lower. that was the first half of august. in the

here, take a look the good news is -- johnson & johnson holding up wells, defensive names merck, proctor and gamble holding up. caterpillar has been weak, energy stocks coming off of their highs after a terrific run. take a look. i think a key chart is the bank stock. they're starting to exhibit negative patterns, what we call head and shoulder patterns there's key corps, it was $10, went to $13. and now it's back down to $10, that's certainly a negative sign for people trying to figure out whether or not they want to accumulate these stocks in the long-term basis. this is true for the bigger ones this is a mid-level regional banks. you see the head and shoulders look there for goldman sachs goldman sachs was $360 it's been trending down here, back toward where is it was in the beginning of the quarter again, that's a head and shoulders chart there. so what's the problem right now? the market is positioned for a soft landing, so what would cause the biggest problem is if that soft landing got messed around what would mess around suddenly strong growth numbers and higher yields, which is

would give, and i think he was at the school because they had at the brown school was a man named jon proctorattention to these matters. he got to be friends with martin luther king when he was a graduate student at the. law he asked dr. king, what you come and speak? dr. king feeling friendship from reverent dr. set, yes, i will. in february 1963, just a few months before the march on washington speech, i have a dream speech, dr. king spoke, and i went out and sat in a library anti room with a whole bunch of other students and listened to a speech and what she kind of pre-figured i have a dream speech. there was a student who illegally taped it and kept the tape for years and years. it was just discovered a few years ago, and it's a speech that is quite remarkable. it talks about america being a dream, and how we realized the dream of america. i got to listen to these inspirational words that also challenged us and said, you complacent northerners, what will you do? there is nothing worse than a person who is indifferent are inactive facing and justice. it just reinforced every inclination t

if you listen to the consumer products companies like proctor & gamble, they say, being well last year this year, so high single digits, businesses have come to expect inflation, pricing increases are the way they were before covid, pre-covid decade is something they have a right to. they're all starting to think like comcast. my feeling is we're going to not have a hard landing because the federal reserve is not willing to do what is necessary to get it down to 2%. that is terrible, tragic historic mistake. charles: wow. here is the irony, jay powell said what you just said he doesn't want to make the terrible tragic mistake. he know it has been. it is a lot harder to pull it off. real quick, you have 20 seconds, peter. >> two sides of the mouth. remember leading up to paul volcker there was series of peaks of inflation, the fed backed off each time as the economy have kinds of conditions we have now. they're setting off another cycle, three, six, nine, 12. then somebody like volcker has to come in be the sheriff to clean it all up. jay powell is destroying the credibility of the fed

that has the stability that apple has and the optionality around revenue gro growth i put this in proctor gamble, coca-cola, clorox, those kind of steadystaples. we haven't even talked about vision pro don't get me started, i've used the device, i think this is something that's going to be added in, it's going to be a few years from now, not to mention, if they do something in automotive and those other consumer staple companies, they aren't even close to that conversation, so -- i'm looking at this over the next three to five years, and thinking about where the conversation's going to go, and i think when you put thatwarranr multiple >> gene, let's talk about amazon you think about aws, accounting for 70% of their, you know, of -- basically their operating profit, okay and we know we saw the retail side, guy mentioned the operating margin better on the retail what excites you more about the story? the operating margins better on the retail front or a stabilization in the aws, and they see a really nice growth trajectory, as there's a lot of excitement in and around demand for their compu

think 92 is unreasonable >> this is sort of the quandary that investors have with consumer staples proctor an& gamble, they are losing volume, but they have the pricing power -- at this moment, but who knows what they have next quarter >> right it's telling what chipotle said about, you know, fear that the customer will start paying student loans again and price hikes and maybe they hiked prices as much as they can, or it's really starting to make a dent so, this is similar to that. done a good job, you know, selling upside calls and waiting -- it's a great company. it deserves a premium multiple this big, probably not >> look at the outyear, right? next year, you know, 12% expected sales growth and trading at a peg at the end of growth of two. it's a 24 1/2 multiple or something like that. when's the last time this stock has traded that cheap? and it's funny that we're sitting here in what feels like a raging bull market it's not confirmed it's here to stay or not. we talked about it last night, nike, starbucks, a few other names, consumer discretionaries just sitting it out. i don't get

of it i think universities particularly at stanford many of the people i spoke to talked about the proctorcandal be being a huge turning point, preserving its image and looking into student life and what students were doing and how they could be more involved in data. and so i don't necessarily have solutions. passengers i often look at the problem but i do think that risk is a huge part of it. when something is not under the control of university it is inherently -- >> a question here in front. >> thank you. no, chief operating operator of an insurer, captive insurer in higher education space but i'm a former university vice president, one of me which left the field as i think about this and i appreciate dr. mcguire your remark regarding the role on curious about your role of faculties that administers content and cooper faculty articulate faculty and trustees have control of the institutions but entries rather than focus on administrators i'm curious about your perspective of the role of faculty, faculty tenured. >> thank you for a question forn shared governance is an important principl

and product says, new jersey military leadership has no authority to expand with that diploma. proctors organizer say the country has been taken for granted for 2 years. and it's time for that to start. we didn't, we, we like a very good that dealership, but that should be in the week that we are winning. and that are really, that's, do really we do, we, we strategy. that's we like our september to deadline for french troops to leave is less than a week from now. practice to organize. i say the pressure will continue until the last french personal leave. the hope that you meant to come supplies of hasn't the departure of the country school. my colonial power outages either. yeah. me. so don's army chief is making a red visit outside the capital car to him after 4 months of fighting with the rival power military coup. the i said after the fact all behind is important. so don ways we meet team members of his military cabinet for the 1st time since april can stay in the city, which is a temporary base for transitional government. before heading to egypt, even morgan has more from saddam's

so they'll be spending one month in the office tomorrow, so they're a huge proctors is full guys for that. again, at the stadium in the capital. okay. i'm is. thank you for the update on monday through slide force there in. yeah, mainly share an out of world news. an absolute lie is how the spokesman for the russian president is describing reports at the criminal in order the killing of you have gave me per goshen. the leader of the back in the missionary group was registered as being on the executive jet that crashed on wednesday. that crash came 2 months after the former ally of present poaching. lead, amusing the against military leaders in moscow. the statement released on thursday 14 described for goshen as a talented business. when i said he had made serious mistakes in life and the death of for goshen has left uncertainty about the future of the vacuum group and its activities around the world. dining hall can, as has made to some of the multiplying theories and speculation of the legend involvement of the kremlin and precautions desk. this was as clear and the rec to the nois

. >> how about tonight >> clorox, again, like these stories like proctor where they have pricing powerven though the raw costs are going down supply chain problems. looked like linda solved them. josh, brooklyn's own, i think etsy's quarter was better than the stock reflects, always bounce back, because small business, small business you get these companies and doordash and they celebrate and make money for small business people i buy a lot of stuff off etsy including jim's none better pickles my labels and none better tomato sauce. there's no other place to get this stuff other than on etsy. >> package good mad man. >> i love cpg. i do thank you erin burnett for allowing me to do what i did there. >> that was good see you tonight. "mad money." >>> still to come, the ceo of kelloggs on the company's latest quarter. >> a breakup coming. >> the state of the consumer market is down, elyid is stubborn, 419. don't go away. >>> good thursday. welcome to another hour of "squawk on the street. i'm carl quintanilla with julia boorstin and mike santoli. david and sara have the morning off. bulls

tom: palmer proctor is down there with nicole stokes. they have 2800 employees in georgia.g that bank for merger? chris: i think they are managing for growth. they are really set up for organic growth. they have a strong commercial and small business lending agent. they tend to take a bite size risks so you don't see a lot of national lending from the company and they don't do shared national credit. it's a simple business model. and they are good at taking deposits. the lifeblood of any bank is the deposit base so i think there organic growth both this year and in the past has been good. jon: let's finish on the chart. the bank index, the s&p 500. we are still struggling to get off the map and it seems to me the profitability headwinds that were highlighted coming through that crisis, if we can call it that, have not gone away. what terms that around? chris: i think you are right and we are in a trading range on these stocks between 40 to 50 and the kre would be the way i think about it. the credit issues have to die down or the banks have to recognize the risks. we think