. >> especially what i call the amazon, google and uber effects, amazon you can bypass the middle person. google, you can price search and regain some pricing power. and then uber where you can bring in existing stock and, therefore, increase supply. so we have to take these trends seriously. and they're not finished. but i think the bulk of the disruption is more likely to be behind us than in front of us. jack: interesting. and one more signal that inflation isn't serious is coming from the bond market whether it's the 10-year at historically very low levels and the tips market, but could there be other maybe forced buyers coming in to keep those deals down? >> so i want you to imagine that you are in a bar offering free drinks and someone tells you that down the road in a few hours we will no longer have these free drinks in the magnitude that you have. you're not going to stop drinking now. what the bond market is telling you is, for now, the markets respect the fed. and for good reason. the fed is continuing to buy $120 billion of assets every month. so the market is going to wait.
more and might be a good chance to nibble but you want to be in the true names such as microsoft and amazon if you like to make the cloud place another one would be apple and logitech there was a huge surge as people were working from home there might be a little bit of juice in the trade as some people need to upgrade i had to recently or go back to the office the office might think about maybe we don't need as many desktop computers maybe will want to go to laptops there might be a little bit of juice but a lot of analysts say a slowdown 2022. jack: let's switch to jack on facts, people forget these are nothing but financial bustles under vessels you can spin go rose petals or something less fragrant. >> special-purpose acquisition they've getting cobbler now you have companies that avert he done there's virgin galactic down 73%, pfister done 45%, etf's that have yet to do deals, one called defiance and another morgan creek those are down 80%, people want to know whether they're cheap, i put these in a category with crypto currency and non-spendable token and i'll call it the asset class
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