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Bring back Canada both also a real investor Everett RBC -- -- -- -- -- that -- comparing it Carl Icahn but you know what you look at the big picture and then you invest accordingly.
The three biggest threats right now to our money in the three concerns that we have is economic activity in the US that's is it a double -- is it not a double -- let's say at this -- if it is -- stock prices have further to go that this is a nice treating rally but we'll probably see weaker share prices ahead.
We're not forecasting a recession but that keeps us a little bit cautious and keeps us neutral on stocks Africa.
Number two at the European sovereign debt crisis and that is the issue of can they get it together can they maintain can they.
Hold the contagion and most importantly can we have to -- -- Lehman Brothers type of scenario just say that Greece eventually cannot I mean you're seeing articles in the new York times of a fifty year old Clarkson that are paid by the governance and on top paying that I'm not paying that tax that they're going to would.
I mean it's almost seems like there's no rule of law at this point there.
While they they get jettisoned from the eurozone how bad is that well I think it is a challenge I think any disruption in the eurozone is actually more negative than positive so I believe that.
All of this activity that is good -- all of this negative.
All of the concerns in the market in the volatility is actually causing the eurozone to actually finally think about what needs to be done.
And there's no one silver bullet to it so it's gonna take some time one of the things that we're dealing with this week and for the next couple of weeks are all the parliamentary votes on the EFSF.
And that will start to go in those little pieces of information assuming that they're positive will help.
To at least ground -- EFSF of course is the European Financial Stability Facility that that they've been talking about but.
That would just stay away from Europe at this point it we are cautious on Europe we are underweight Europe from from my portfolio for OK and your last just consumer confidence you know we got the September number today and and -- -- ticked up slightly it's still pretty low.
Look you know if we if we look at this as an economic retire recovery sometimes that's hard to imagine that it's been two years into a recovery.
Confidence has not returned to levels -- we typically see.
I think it's a crisis of confidence on almost every level not only the consumer but you could also see that from corporate America which is -- -- to sit on their hands and not necessarily.
Take the normal items where where would you overweight what cash you have keep it in cash treasuries ordered some sense of where defensive in terms of our stock selection.
We love dividend paying companies I think many people of dividend paying companies.
We like consumer staple companies would like health care companies and quite frankly we also like information technology you know we had a couple of -- dividend paying high yield companies yesterday for example -- America's one of them -- and it at a double digit yield but it out the stock has fallen off over the past year it's important to know.
That we Begin there's a Yang sometimes you know our focus has typically been on those companies that one not only can sustain their dividends and not always looking for the highest yield sustain sustain and grow got it.
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