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Eight Fox Business alert call it a big fat Greek rally this excess of the Greek austerity -- giving investors -- world all over the world.
A huge sigh of relief but is it enough to find and kill off the bears and their two month correction let's -- -- Bulls and Bears panel -- -- How vomit and Danny -- bubbles as much as we love our bears particularly but but -- what did you first.
To -- we've seen nice decent rallies here is that enough to say okay we're back to calmer waters absolutely no plans.
Can't -- that he's no -- But you know it's so the end of big quarter don't for cats so -- probably ending up marking this quarter in my humble opinion.
-- -- -- -- -- -- We're gonna enter incidents third quarter on Friday so -- see what happens on Friday before we start taking all the big ticker tape parades there -- thinks sex -- data closing out the month the quarter it happened years so is.
All of this bullishness just because where again sorting out our positions window dressing I guess call it.
Yeah I think -- to be careful about the -- bullishness we've had a a good rally off -- very important long term support here.
I am the big believer in the end of quarter window dress and even though supposedly it's -- legal.
Up from me this is a lot of noise in Greece is -- -- I think would have been only only if.
Affect things if they default -- For me July 18 is everything that's the day thousands -- -- reporting earnings and if we can get not just good reports but good guidance and good reaction.
I think we can get somewhere but I think when this five month trading range now we hit below when we're back in the middle right now I just think it's going to be a lot of tough sledding here.
Up for the next few months I don't think -- to be big upside and the good news is that long term support whole held in the last week and hopefully there's not a lot of downside.
OK so we have Danny looking to Friday we have been hearing looking about July 2003 and now we have trader Todd -- -- I think by every seventeen minutes right.
How do we know yet how do you feel right about.
I mean I'm waiting for a little bit more follow through a unit that that we have price and volume action that sort of confirms that you know were onto our next leg up which it does look positive.
-- is down to seventeen happen I'm looking at the agricultural sector I loved the ETF -- I don't own it yet.
But that's when the ones that are at the top among watch list.
You know feed a hungry world.
And very big on staying in cash and I was here on a show a couple weeks going you're talking about cash but.
You're not actually started to dip your toe back into the market still defense agreed to think you're telling this and he -- sickle yet yet.
I would the cash about 78 weeks ago fortunately and in the last couple days -- -- -- was I I I Colin rentals I bought a couple of small cap indices like.
V -- JR -- -- I WM it's a small caps in the Russell 2000.
And if the market keeps building on itself with ads and if we start to get big distribution.
Selling on heavy volume all get out as quick as I got it and -- said something very important this move up.
It's been very light volume that indicates to me there's not a lot of conviction -- it.
I wanna see big volume behind it tell me that the big boys are in the air and that's something that's not there just yet hopefully -- -- the show up.
OK so once again you like IWNS.
And Nancy elected by JR.
Here's the Russell 2000 value index has been a nice move I love that everybody at the start of every year for the past seven years and said.
Russell is gonna lose it they've had they've had too much of Iran meantime seven years later Danny let's get to you what is your best pick right.
Now -- outlet where we're looking at a lot of bailouts and who benefits in a bail out the banks and really we looked to the European banks because it's not show lasts.
Greece really Greece is the word but everybody else has huge exposure to Greece France has exposure to degrees.
All of Europe Germany does as well so you know we took a look at Hong Kong Shanghai bank that's Europe's biggest bank HBC.
-- we also took a look at Santander STD which is a Spanish bank.
They can have a lot of problems now if Portugal goes the way of Greece because they have a tremendous amount of exposure -- so watch this carefully is there is DNA with some of the bank regulations the overall consumer rags that people are trying to understand we got big he's MasterCard Visa spiking today because of some clarity on the swipe card fees but.
On the other side and that some of the banks might have to raise fees on things like consumer bank accounts.
So there's a lot of uncertainty and does that figure into your outlook for financials.
I'm I'm I'm any -- ranting like Gary -- and I think it's more for the trade than anything else because on a daily basis weekly basis we've seen these sectors moved so fast you have to really be.
Very quick and and as we know legislation takes a long time to come come for them.
But talk tomorrow and your pick is of course move with you already mentioned but tomorrow we're getting from the floor of the Chicago Mercantile Exchange by the way we mourn and we notify everybody.
These are market moving crop reports that come out tomorrow Sandra Smith will be there live.
-- pull apart any commodity whether it's a softer -- and hello stretching.
Thing -- that you -- he hasn't contributor.
Well I I I did you look average financially I think -- let me tell soft commodities metals what do you like.
I I look I like the soft commodities I do like the agricultural.
And in in that that's gonna be very volatile in the morning because of the crop reports but I am looking at that you've -- tightness over the last six months and I think gonna.
Continue to see that.
There's I mean you know where the populace in the -- still isn't shrinking yet.
I'm broke above some very important resistance and has been a direct correlation with the market and the economy with the price of -- so they can start moving up it may mean good things I'm watching very closely.
I think my heart is how the taping that -- K actually sounds slightly bullish that it's amazing you know I ends up.
-- positive day hey Danny you've got Robin -- -- -- so great to have you thank you so much to our panel in the meantime.
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