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-- the wild swings in this market this past week may be causing flashbacks of 2000 and -- for many.
But you're next guest says -- don't worry history is not repeating itself.
David Nelson is the chief strategist rebel point -- management.
And He joins is now David I got to tell you we've had a parade of bears on this 2 o'clock show and they have all been right why it might they be wrong now.
You know I think He hit the point on the head.
-- is that they ask themselves is is this and 1998 moment or 2008 moment.
And I have to go to the first the first shot on that you know I realize that Europe is having -- Lehman moment does so to speak.
Up but we don't face the same systematic.
Issues that Europe is facing right now so I think it's a little bit more like 1998 and here's what we now.
We know that the economy struggling that's clearly the case employment is just non existent.
There's no growth there but at some point time you have to separate the economy from what.
Individual companies are doing out there and that's what we've tried to do.
We're drying parallel -- you.
Different points in time in history in that were terrible for investors even if it may not be like 2000 any it's still very scary thing to work.
Every gay individuals for American citizens who are watching their retirement funds and their college.
Really go down the drain so how do you played this volatility here because even if we're not trying parallels to a certain timeframe.
It doesn't give us a clearer picture for how to -- the future well.
It is it is a different world now you know we're we have machines trading and and the machines are doing the following the machines -- -- compressing.
Once in two weeks days into ours and what I saw this week I've never seen in my career -- and I'll -- you Charles down 600 up five down five.
Frankly a victory today will be just the -- flat.
Last I looked we were still up on the day.
And that's what we're trying to do but there's still some real good companies and -- like I said before if the separate this market and his volatility with some of the great companies out there.
And as bad as things are I doubt that apple Coca-Cola and mcdonalds I doubt -- business fell off a cliff.
So -- the economy and it may be -- some of these companies are really at bargain prices right.
Now let's and I agree I agree with -- saying and and and I you know preach the same sermon at times but people who have been in this market for the last decade for the most part -- -- may be down.
And they bought the same great fundamental companies what do you tell them when they say listen you know what what is the fundamental -- -- a matter more than machines that are trading second the second.
I I I'm right there would be look I work in an industry that hasn't -- a lot to investors over the last twelve years it's been pretty awful.
People of ridden the ups the downs and -- what we supposed to say and I'm not really sure I have an answer.
For that but at some point in time that's my job -- I've got to go out there and try to make the best of it.
Is this the bottom I don't know technicians we -- Have told us we've gone through every conceivable support level the trend is clearly broken but at some point in time.
I've got a step in there and make a stand and I've made testing what did you do this week -- What we were fully invested we would certainly invested we got hurt this week although most -- -- up as the week wore on.
But at this point in time we're pretty close to all that I could.
Proved to be wrong here on what some sucks this week though yes we definitely what stocks are selling advance.
We certainly we -- McDonald's it was a name that we added this week.
This morning we just feted name called the Ben Franklin Franklin Resources which is a you know mutual fund company of all things to -- in this type of climate.
But it things where prices that we had just stepped back.
You know what's your -- about the dates I -- -- -- -- -- -- that would when we were you fork in 1999 that was a long time about right and we're we're pessimistic in 1998 or 2008 that was the exact right moment about.
You know -- I've been doing this a lot of years and I I I find that Pakistan's -- trade it has probably been the best -- will you do the opposite of what every.
You know every -- your idea telling you to do and and I'll leave you know.
When when George said you know I'm unemployed and I live in my parents and He gets the girl that's kind of what this is -- -- at some point time you just -- -- step in that they are.
-- to hand back that it Trace back now and that's a new one I like Allen and all the -- that -- body is they get the -- -- there.
Dave -- appreciate about point as a management --
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