Accentuate the Positive

" The bad money back to school Jewelers on the road. And this time it's wagons west Oklahoma. From a rough and tumble dreams of our coverage black floods of the oil boom Oklahoma is no stranger -- bad the storm has been sweeping through. Through these planes on the windfalls of persisting for generations. Now in this territory has hit pay dirt once again. Tonight we're making trails to the University of Oklahoma. --"

" Okay. --"

" Okay."

" Okay. Okay. -- Okay. Okay. Okay."

" It. It's. Great America. We say yeah we know."

" But we are that -- premarket tonight at the University of Oklahoma. And yeah we say yeah -- not blow me off didn't. Parents."

" Do you."

" And it -- yourself from this grade school in Norman Oklahoma. -- in Oklahoma well. It isn't just okay. And is simply fantastic."

" Yeah. The only optimism in this room. Because at times we need huge dose of optimism all at the pervasive global. Embargo because without. We most certainly would have sat out the last 3000. Dow Jones points. The mega bull market rally we attacked him as the bottom last march. But I know can be hard to accentuate the positive and eliminate today yet on a day when they actually -- morrow."

" Wouldn't it out down 250 points. And the S&P 500 declining --"

" My job to help temper your passengers aboard big down day like today and it just is I try to help you see what could go wrong with a big up days. Yesterday that moment or are huge I told you that at three legged stool checked bags and oils like say."

" And and we need to seek safety in this dirty -- and share up defensive stocks Procter & Gamble General Mills WellPoint and McDonald's. No word down -- blatantly."

" I'm here to help you find those silver line --"

" What this."

" nature -- it. We did not wait for the university Oklahoma at least so far as I have been able to -- him -- yeah Artur. Maybe it is because Oklahoma with only six point 5% unemployment. Is an island of relative prosperity and a nation that is still not creating jobs. And -- don't threaten with double digit unemployment. I got a taste on the optimism here so palpable."

" That inspire us to spend some time recognizing. Why pet deposit activity is not news placed."

" And that's especially important to markets get. Overrides. So why don't I think it's wrong to be a little optimistic why don't like by optimism rigorous. The reason for that has to -- was something amazing that we just don't talk about it not all of mad money. Where we have banned. That journey we have taken over the last twelve months. At best. Our celebration of the brilliance of the American companies and executives who rose."

" challenge upbeat economic catastrophe. All the last year."

" Think about how much federal we -- now. Yeah we work just twelve short months ago I think about it. A year ago that our banking system was teetering on the precipice. Corporate credit at all but dried up and everywhere we everywhere we turn out. We were faced with an endless drumbeat. Of how business was about to pull all booklets."

" It was picketed again hit that many great American companies would not be double what makes."

" All. Black all alone make any rockets."

" Not every okay. What -- here's ourselves doesn't doesn't sound behind him."

" Yeah."

" Neighbors and Airways worked with the house of -- stick with a sense of financial drip and Alex sink and what happens."

" Not unlike the grades at the students at oh you are now receiving on the midterm exams we are getting the economic test results back when the last hearing a lot."

" We -- to hear about health so many didn't see the crisis coming so that -- so my identity crisis coming. Yeah right well."

" Yeah about commons and didn't the company just reported a magnificent quarter this morning. Rev Wright talked about comments what we are back at school toward Indiana University I'm not a separate I've really -- management closely track. Sure this is not going to pull accident -- the upside surprise comments delivered. Aboard the pullback hasn't yet what -- does what. The big Dow Jones stocks like 3M. United Technologies. Caterpillar. Remarkable quarters -- hugely profitable. I think terrific stops the -- when the mortgage settled down anywhere else settled down -- the world no warning yesterday it was the beginning. Why isn't this talked about war. Why isn't it referred to war why don't we ever mentioned to companies which we hadn't written off entirely. But are now -- great state problem like maybe."

" And you know they had been written off just -- little we haven't saw what happened look back at the 52 week low prices."

" All know hundreds of companies that were hitting a high is just before this week's action."

" Everyone of these copies a year ago I was here in their candidate for dividend cuts. They have a required -- numbers of people and of course candidates for bankruptcy. Bankruptcy."

" That seems downright silly now but -- hell as Elaine Nelson was serious last year this time I have the backs."

" evidently -- Citigroup made the a big problem -- it's like. -- Here we are on the verge of nationalize them. Al -- my buddy -- brand and great great great uncle flat planet. It was his first acts in office wasn't. Pat on the back revolution pin --"

" Last year we want supposed to take out money get what we are doing this we stats are doing last night we're take money out all the banks."

" didn't treasuries because he wanted the government to hold our body because the rates were negative."

" It wasn't that what the smart money was put out because after all the going to be big Russell Banks right and this isn't a wonderful life. We must be shorting Goldman Sachs a hundred point point to -- was not supposed to be brilliance."

" I want America as far as opposed to failed they failed didn't know they can't come recommending an aggressor. I don't have much out of bachelor plus not. Quite it's a suspect that a product."

" Why that's speculation Citigroup some analysts had never been right front -- democratic candidates had brought it -- Little hyperbole but rarely if ever write and misinformed. To use president Ford's son -- disabilities to -- that diplomacy thing and I got don't often confused with the Dalai Lama."

" Smart people oppose to have stock buying computers wasn't supposed to happen. Companies must be spending their information technology budgets."

" It's easy to get my back from attack retarded and it was -- now ready monster quarters and Intel mugs of -- white that was ten days over --"

" Have a -- in ceases to."

" and for those who say we don't make anything in this country anymore. May I remind you that we are the manufacture the most important and Bow Wow product worldwide when it started selling China today it'll -- I don't. And that the Erika Alexander Graham Bell Thomas Alva Edison intend reporter. I'm talking about you Steve Jobs toils in the United States. California's still the US and."

" Right people and alcohol. And it comes -- of the finest products aren't as the game changing Internet -- not -- you what -- the yeah next."

" In north little world but it or -- it reflected an Apple Stock down six bucks today I think it's way too cheap to ignore -- Even after this huge run given the earnings card that we see ahead of us -- at least in this room. The university problem I see young people who can buy and put -- retail. Did we barring Macy's wasn't home -- supposed to be fighting for survival. Data -- nation death match with JC Penney. "

" What we ought not to be -- Family Dollar right now -- seventy cruel."

" All the wrong now all too negative. But people forget that the case. Anyone who doesn't never lose that that that's the passengers who was going on Masterson look at this fifty to be -- more insight."

" About how far we have come -- always remember that we crashed okay."

" And had been on the mend ever since now best elect. We have an oil and gas industry that was posted that crack. Along with the price crew put in a bird plummeted a hundred dollars along with the price of natural gas underwent display what I see now. Isn't that an industry that's growing -- a high. I have talked to young people here. And only get at all around the country who want error where they all get jobs and I tell them. In an odd historical twist. Gul. -- That might be. The location of the biggest natural gas -- in our nation's history. The exploitation of the Marcellus shale and that's something I don't say like -- in Oklahoma. I think for the fourth largest natural gas reserves in the second largest production the cleanest fossil fuel. That can -- the way to renewable and non carbon future. Not now truth. Shouldn't take a trip W to remind any of Boston that but if it does I say let's take advantage of it. Now we know how to -- and calls in the future not the past. So maybe all that's good news is why we are just blow -- 10000. Having -- beautiful move up 6500. And that our whole oil in this level is tenuous at best as a hurdle Internet. Biggest all that's happened is that we had stabilized as I've been saying over and over again on the el Al albeit at lower levels not to because I know how to pronounce word out yet. I don't know we've seen the -- and once some cash and as balls and sturdier stops in the chair not -- the -- oil -- it can -- we want Procter gamble mcdonalds won't WellPoint -- general nuts. And we know that we're not going much higher without job creation. Without help to fix that two point room 2.2 trillion dollars in broken infrastructure. Without an endorsement for what could be the biggest jobs program in history. The harnessing our natural gas reserves to create energy independence a cleaner environment and yes hundreds and hundreds of thousands. Of high paying jobs that not knowing president. When you consider all the steel pipes the pipelines that Billy -- in the rebuilds and engines about cars and trucks. Although I am worried fabulous dividends that would pay. This country back for years and years but. For the -- let's just bask in the glow of youthful optimism that this -- in this hall are generating. We've baby boomers could learn a little DNA from now boomer sooners. There's bomb Iran. It you'll remember. Where we are. That you have to be impressed. With where we are. Even after two days hideous revolting action -- celebrate the American ingenuity not governmental ingenuity and that's what got us here. Abby block -- get. -- yourself look big money and elastic wants those -- too optimistic. Or they elected -- real pessimists. Who kept to a one of the greatest bull markets in history now I don't like the market got -- now like that but it was cheaper lower yes I think it's -- to take money off the table. But I do not think will have a pullback of more than 5% from here. And I want everybody to look back at the 52 week close of their stocks to remind themselves that miraculous return of equities from the abyss we foiled in. Just one year -- go on taking questions. From -- you let's start over here -- Oklahoma -- I don't exactly you my friend. Pleasure to be really do you come in and here's my like for having everyone thank you perhaps need to hospitality here's the amazing thing."

" OK. Ma'am. Yeah."

" Here's my question not Dow's been up over thirty governor points since March lows along the way that it weakening dollar. On today Dow's down to fifty ended the dollar up. So -- all the dollar play a factor in the margin movement and what we're seeing. You won't -- wanted to want to."

" When he headed intellectuals and say about the weak correlation it's happened four out of five days -- 62 weeks what -- unintelligent as they -- a lot of money -- dollars going down. We want to tell you don't go to France. Go to our Versailles Kentucky it has called reverse sales don't go to --"

" friends don't go to Amsterdam you. In the -- was not answered in New York now I'm."

" All right I'm joke it is true that caused a lot of my go overseas but remember what a weak dollar is relevant thing versus one year ago outburst is April a year ago. And -- companies get tape in strong currencies translate into weak dollars. And that is better than expected earnings and I'm Barbara that have a question over here. Big boom in your buoyancy agent -- Norman. Thank you for having me Norman who -- my question is with there are reports of exchange GDP in declining Consumer Spending. Are we on the road to recovery yours is egregious flaws stimulants are -- the road to recovery won't act. Coming over recovery I come right back but jobs. It's like got. Boomer sooner you say what Wright State senator. You say recovery I say jobs we get jobs we are going to be real we're covering a quarter up pumped up recovery now it's not going to tell -- the reasons why I think that we stabilize. But we're not gonna go higher they -- this country. Until we create jobs everything else is just going to be leveled at the moment I'm here just a compilation."

" Maybe but -- here at the university Obama fans celebrate American ingenuity."