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Good extend the winning streak to five sessions with Simon Baker says bad news from Europe as we've been hearing.
Is battery US investor confidence in a recession seems inevitable he's a -- baker avenue asset management He joins me right now.
Are -- been hearing actually talking about what's going on in Europe -- you know the down the possible downgrade of Italian debt over the weekend some of these other things.
How these things not -- into the markets though all ready.
Ellis I think -- continue any of British theme throughout she was ready to -- its -- You from Tennessee but don't tell anybody about an -- -- with the girls and show us the way the just to chat about that I mean I think you are seeing abated -- mean if you see the market's reaction this week it's like the other guy again sub five days.
Nothing fundamentally has changed in the economy -- here in the US it's all the news coming out and renew Europe's I think it is they -- and very very closely and it.
Even if you say are so so Greece defaulting that's baked in that's gonna cause us problems -- those problems will be nearly the size and needed the scope of the problems that.
Italy would pose yeah if that domino -- continued.
Are you looking at that as a worst case scenario and how bad would that make things here in L 20122013.
If we do that those dominos fall.
Well you know Italy and then Nikkei carries on the -- Spain and so forth I think -- you have to be concerned about it and I think you -- point.
Greece is going to be to invent inevitable just kind of kick in and down the -- here a little bit.
Not just got back from Europe and had been an englishman myself I mean this massive differences between an Italian.
And English I'd be greatly Greeks in their really -- lifesciences think of I think it very very challenging to sort of -- -- that's I of clearly no solution.
You so the news coming out said today and then delaying it again into the bailout Greece remains the make in the guys and girls in DC the decisive but.
And -- and as we know they are not there's still ways to make money in this market yeah volatile as it has been and if you look at it.
Chart -- the S&P going back to early August it has been a crazy -- public use you like certain companies and you still like and it's -- -- today with 99 cents -- was hitting a seven year high -- -- -- bring -- that entire group annuity like dollar -- Dollar tree and -- -- a pretty simple thing here when you do you believe you're gonna still be in this recession -- going place recession where we are -- on it.
The company is a sort of counter cyclical again you I don't know succumb -- very strong free cash flow Dulles goes a good example but what American Tommy struggling.
The type economies like dollar store that's going to mean emotional things and earnings were up 26% to the last Korda.
You know AutoZone is another one that fits into that mode but.
Like dollar tree AutoZone has been going up for ever -- the counter cyclical but at some point time people are gonna have to stop trying to fix their cars.
They have the start buying new -- I think that was a thesis.
Over the last six months with card numbers coming up a little bit but you think -- -- -- out a little bit here and nobody going back to AutoZone -- Chris and I don't repay your key -- by nearly to have a caught in the direct area that the buy a new -- -- -- -- -- despite you and can remember -- was like.
Snyder nicer to see it in a sense of that's the thing hasn't changed him -- why stop him and we like stocks and continue to hit new highs.
You know strong momentum with good things -- has a me a break down my people and and continue to buy.
Continue to impact -- rather replace them to continue to -- that we still likely the orders and -- very much again.
It's gonna billion dollars in free cash flow it looks nice.
-- yellen also was nice as though there on the gold is David you seem to think that gold miners now made the catch up a little bit with you know this meteoric rise in gold that it has it been like -- -- the last twelve months let's say that -- on the catch up a little bit -- -- name that we.
That we get we had talked about little little bit at the coal mining names and -- it's on a show a couple of weeks ago defending gold and we saw it come down and back and look.
Gold is gonna go higher in the next 1218 months we talked about government's continuing.
To print money is quickly becoming -- the fact that global currency -- China.
Continue to -- go to the mining stocks are very much names we like the market.
You like just the go real quick you like just the gold miners or miners in general because there -- some companies you know like a -- -- Mack right rather than mine gold but they also do a lot of copper.
You wanna stay away from those because you're talking more of a of an economic type of a of a metal.
-- could kill them making complicated young now is a name that we like money on it which is that like a south out as the Canadian company.
The minds in this cold in the South America.
Lovely little company don't -- it up with the other metals -- as -- continue hiring I think to be happy beautiful thank you so much Simon always the gentlemen and thank you Chris why leadership is here it's the gold.
-- and it's also the -- -- the government find him -- hiring people yes they did that previously testified in front of congress they'll tell us what He told -- -- -- stop picking up so much dust or do you show will be find Jeff Flock is on the phone.