Closing Bell: Irrational Exuberance? 2/8/24
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 8 February 2024
⏱️ 44 minutes
🧾️ Download transcript
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| 0:00.0 | All right, thanks so much. Welcome to Closing Bell. I'm Scott Wabner live from |
| 0:03.3 | Post 9 here at the New York Stock Exchange. This make-or-break hour |
| 0:06.2 | begins with the surging S&P and whether risks to the rally are in fact |
| 0:10.0 | mounting or much to do about nothing. |
| 0:13.0 | We'll ask famed market watcher Jeremy Siegel of the Wharton School, |
| 0:16.0 | when he joins us in just a moment. |
| 0:18.1 | In the meantime, take a look at your scorecard with 60 minutes to go in regulation |
| 0:21.3 | because it looks like this. Look at the S&P 500. We are lesser just about |
| 0:25.1 | three points away now from that 5,000 level. We've been hanging around for much of the day, but |
| 0:31.6 | looks like we may make a move here in the final |
| 0:33.8 | stretch it's energy actually outperforming for a change and how about the mega caps |
| 0:37.9 | they're mostly mixed well there's NVIDIA so it's still above $700 a share. It's been stealing the show |
| 0:44.4 | lately above that key level and then there is Disney absolutely ripping |
| 0:48.8 | today after its earnings report that stock having its best day in more than two years. Up almost 12% yields |
| 0:54.7 | they're holding steady to after a pretty good bond auction within the past couple of |
| 0:57.8 | hours. It does take us to our talk of the tape, the record run for stocks and |
| 1:01.8 | whether it has gotten too exuberant or not. |
| 1:04.6 | Let's ask the Wharton Schools, Jeremy Segal. |
| 1:06.8 | He joins us now, Professor, we may make history as we have this conversation and if we do, |
| 1:10.7 | I'm going to break away for a minute minute but what do you make of this market? |
| 1:15.2 | Well Scott it's it's it's almost amazing we're a few weeks away from the |
| 1:21.3 | 15th anniversary of the financial crisis low. |
... |
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