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Jim Lebenthal agreed with Joe and Doc that the market action by noon was positive; Jim projected that the next 10% move "is to the upside."
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Jeremy Siegel: China holding U.S. intellectual property as ‘ransom’
Joe said to "not lose sight of the dollar" and made financials/MS his final trade. Steve Weiss said ABC and MCK. Doc said CVX, stating he bought during the show."
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Steve Weiss said Dubai "could work" for CZR. Steve Weiss said he bought Alphabet Tuesday and more on Wednesday. "This too shall pass," Weiss said; he puts the Facebook stuff in the category of "geopolitical issues." (This writer is long FB and GOOGL.)
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Watch Again Weiss dismissed Dick Bove. "I get his game, OK. He's at a firm nobody's heard of, he's gotta make a splash and get his name out there. Great, you've done your job. But let's do some analysis," Weiss said.
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Karen Finerman on Closing Bell, like Seymour addressing both Evans/Frost and Larry himself, said, "I mean I love Larry. I gotta say, going into today, I'm long a lot of puts, I didn't love the Gary Cohn change, but out of everyone out there, I am most excited about this choice. I think it's outstanding. I think he'll do a great job. I think he will do a very great job, not just on policy, but on the other part you talked about, communication. Which is maybe equally or sometimes more important. You have the skills to do both. So I think you're an outstanding choice."
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