I have never seen the magnitude of these earnings increases that I have seen year to date.

And if this continues, we're going to look back and say, wow, the stock market wasn't expensive.

It was actually cheap.

Hello and welcome to the Barron Streetwise podcast. I'm Jack Howe and the voice you just

heard, that's Andrew Slimman. He's a senior portfolio manager at Morgan Stanley Investment

Management. Last week, we heard a somewhat cautious view on the market. This week, we'll hear from Andrew about a sunnier outlook.

You can compare the two and go with the one you like more, or you can take an average.

You can arm wrestle yourself for it, whatever you like.

We'll hear from Andrew in just a moment.

First, we'll say a few words about a big development in felonious video gaming.

Let's get into it.

I cannot believe that it has been 25 years since I stole a Mr. Whoopie ice cream truck and rigged it with a bomb, parked it near the docks, and then played the jingle to lure

rival gang members to murderous dairy-based doom.

They say, enjoy it while you're young. They're not wrong. Back then, I had time for

occasional Grand Theft Auto, as with a capital G and TNA, as in Grand Theft Auto 3, a landmark

video game from Take 2 Interactive.

I bet many of you are familiar with Grand Theft Auto, but if you're not,

GTA 1 and 2 in the late 1990s, those were pretty simple two-dimensional affairs.

They had a top-down perspective.

This company, Take 2, bought the studio behind those games, and then it created something called Rockstar Games to develop edgy,

cinematic titles. And in 2001, it came out with GTA3, which was a total departure, a naughty

revelation, you might say. This was a first-person,

...