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Shah Gilani of Money Morning breaks down where to put your money as the economy remains stagnant.
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The economy clearly slowing.
No new income reduced spending -- GDP continued high unemployment a long term sell -- on the markets could be -- some think it is.
What should you put your money here is -- -- on a from.
Funny -- morning he's from Miami.
All right what first of all I have to ask about the jobs thing the jobs report that comes up on Friday what's your opinion what are we gonna say.
I think we we see a slight improvement store but I think.
We're gonna have to see consistent improvement over the months ahead in the quarters ahead richly meaningful -- slight improvement is just the bump in the road like you have.
All of a second let's get specific -- we -- 181000.
New jobs created in the previous reports.
A slightly improve -- wouldn't make much difference now what it shop.
No I don't think -- what I think -- even get a 100000 think that really is meaningful.
It's a matter of consistency which -- be not going to -- any time in the near future.
Okay way to put your money you've often come on the show and said big cap big names and had a good dividend is still that.
Still there I mean increasingly more defensive given what the market is done lately.
I don't consider this recent approximately 5% pull -- anything more than that I don't think we're even close to correction territory which we could get into so.
Like to be -- -- like the big names like Raytheon is one of the stocks we've been evolving with my subscribers also like mark.
I like one of your favorites Microsoft and ConocoPhillips and Pepsi.
OK so big name is decent dividend and away we go do you own any of those stocks by the way you do I -- it.
Subscribers own micro and I -- no Microsoft as of today and also we don't Raytheon and Merck currently.
The last one quick -- We understand it's now -- -- eight billion dollars what you're saying of that.
I think I'm having a problem.
Garnering these kind of met measures or wherever the metrics -- -- we're looking at that is don't add up as far as I'm concerned I think.
We may see apartment sweater and I think that it didn't made.
-- go higher you know in terms of the value I think a lot of these.
Social media companies will go higher I think the final arbiter will be what happens.
When the -- comes -- which is supposed to will be in the spring you -- so old fashioned option for me just.
These old names that we all known novelist himself.
It's still I I like the new stuff but in times like these like to be defenses could just makes a lot more sense do you better safe than sorry real fast you think -- -- -- is coming yes on the yes.
Do I do think so I -- I think we haven't even touched anywhere close where we could go.
-- -- markets have not seen any panic given the numbers that have come out of the commerce lately and you know wherever else look at from the government statistics side.
Very discouraging and I think that's an optimistic put on it shock Bonnie telling it how He sees it going thanks so much I appreciate you being with us -- -- lots of.
