DOWN 3 AND NASDAQ DOWN 4 POINTS, JOINING MEL RIGHT NOW VICE CHAIRMAN AND HEAD OF INVESTMENT CHARLIE, GOOD TO SEE YOU, CHARLIE, THANK YOU SO MUCH.>>THANKS FOR HAVING ME. MARIA: YOUR THOUGHTS IN TERMS OF DIRECTION?>>WE ARE HERE IN NEW YORK CELEBRATING ANNIVERSARY, 10 YEARS AGO MARCH FIRST, SPECTACULAR TEN YEARS, 22% UP AND IT’S BEEN A GREAT MARKET AND GREAT YEAR THIS YEAR. MARIA: ACTUALLY I THINK THE MARKET IS UP 30% OVER THE 10-YEAR PERIOD.>>IF YOU PUT $10,000 INTO THE MARKET AT 17%, YOU’LL BE CLOSE TO 40, SO — MARIA: WHAT DO YOU WANT TO DO IN TERMS OF ALLOCATING IN TERMS OF HERE, THINGS WILL SLOW DOWN ECONOMICALLY SPEAKING, EARNINGS EXPECTED TO COME DOWN AND FEDERAL RESERVE AND WHAT DO YOU THINK WILL BE DRIVING MARKETS HERE?>>WHAT’S THE GOOD NEWS, AND WE THINK TOO PESSIMISTIC, I GET QUESTIONS ABOUT EARNING RECESSION, TWO QUARTERS IN A ROW OF DOWN EARNINGS, WE DON’T THINK IT’S GOING TO HAPPEN. FIRST QUARTER TEAMS SET TO SET BAR LOW SO THEY WITH BEAT IT, IMPROVING ENERGY PRICES, BETTER THAN PEOPLE FEARED AND THE RETAIL NUMBERS ARE COMING IN BETTER THAN PEOPLE THOUGHT, CONSUMER SPENDING OVER CHRISTMAS WAS GOOD SO WE THINK THE MARKET CAN GO HIGHER. MARIA: PLAYS TO SUPPORT A MARKET THAT KEEPS GOING UP, THE ADP NUMBER IS OUT TODAY, WHAT ARE YOU EXPECTING IN TERMS OF JOBS?>>I HATE TO FORECAST MONTHLY JOBS NUMBERS. MARIA: LET ME DO IT FOR YOU, ESTIMATES 189,000 JOBS ADDED TO THE ECONOMY IN LAST MONTH, UNEMPLOYMENT RATE EDGE LOWER 3.9% WITH 180,000 JOBS ADDED, YOUR THOUGHTS IN TERMS OF THE BACKDROP AND WHETHER OR NOT THIS KIND OF A NUMBER IS PRICE INTOED THE MARKET ALREADY.>>YEAH, WE ARE OBVIOUSLY AT RECORD LOW UNEMPLOYMENT, WE HAVE RECORD LOW MINORITY UNEMPLOYMENT, THE CONSUMER IS IN GREAT SHAPE, OUR ONE CONCERN WHICH I WILL MENTION, THE TIGHT JOB MARKET, INCREASING OIL PRICES CAN PRODUCE INFLATION AND THAT’S NOT THE MARKET, THAT WOULD BE THE ONE NEGATIVE THAT MAYBE THE MARKET IS NOT FULLY ON TOP OF. MARIA: INFLATION, SO FAR THE

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