Hello everyone welcome to industry focus the podcast that dives into a

different sector of the stock market every day you're listening to the

financials edition taped on Monday July 10th 2017 my name is Gabby Lapera, and joining me on Skype is John Maxfield, a Motley Fool

Contributing expert. Hey Maxfield, what's shaking? Not too much. How are you doing, Gabby?

Pretty good. I'm excited about today's show because

Listeners we're having a theme week. It's been a while since we've had one and this week's theme is never will I ever

Distinguished from never have I ever by intent I suppose it's fairly self-explanatory but just in case the idea is that we will

be talking about things that will never do or on occasion sometimes

things that will never do again.

Maxfield, I believe that you have volunteered to kick us off, so do you want to tell the audience what you never

will you ever that was that was awkward. Never will I ever say that again

does this remind you of college it's like college, you know, a decade in the future on a podcast.

Yes, so we will be very careful today, listeners.

Or at least we're going to try. If we say something to offend you, I'm so, so sorry.

Okay, so let me tell you what I will never...

And this is actually kind of a...

This is kind of a recent development for me so so let me kind of

walk you through kind of this because I think that you know since our our

listeners are investors I think that they'll kind of they may find this interesting so

and I've talked about this on the past on the show before and I've written about it over the last few months so I have this general I have this general theory that and I don't think it's like my theory. I think it's at this point pretty common.

I think that the market's really high right now and here's why I think that.

I think that for two different reasons. First if you just look at like the main valuation

...