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At least the gains so when all is said and done.
There's a lot of noise out there from Wall Street to Paris and is that possible but all that really matters.
Are the fundamentals marching forward.
Doug -- days ING investment management US chief market strategist a 160.
Billion in assets under management he says.
This is easy this is an easy call so here's my easy question.
Start with something very EZ 2012 -- bullish on equities in the markets.
Very bullish and the reason why is -- earnings this year are going to hit a record -- over 9650.
And next year were forecasting -- going to reach a 105 dollar.
That's a new all time high.
In light of that -- you want to be in equities so there's demand and where's it coming from if all we hear is -- there's so many people unemployed which is the truth.
And they're still concerned about GDP this nation.
-- sure that despite all the market turmoil turmoil emanating I don't -- Europe.
You have fundamentals are pressing -- -- especially consumers.
Are doing well corporate profits are doing well manufacturing is doing well.
And that backdrop and especially the consumer we -- the consumer -- gain changer.
Because they've been spending look at bright Black Friday look at Cyber Monday.
Huge increases unexpected OK so looking at a sector picture of what do you like here knowing that we'll have some pretty good earnings numbers coming -- to 2012.
Well we like up mid caps in particular mid caps have been the price -- market they have been our top line growth -- large -- we like large caps to -- but they also have lowered.
Debt levels and large -- But we and we like our consumer discretionary in the sector -- do you have a favorite name in the mid cap world.
In May cap world in consumer discretionary it's Polaris Industries Polaris Industries they design engineer manufacture.
Off road -- -- that is consumer discretionary I've ever seen -- who's gonna spend money on an ATV in this atmosphere you're saying yes and guess what stock is up 60%.
Over the past year.
What's going -- at the same.
Well the consumers are resilient they have Mormon is that as -- -- fact.
Consumer spending is an all time record high in the aggregate consumer incomes that are aren't all time record high.
And even retail sales for an all time record high most market participants don't realize that we have the data that's forward -- is -- -- the whole hour we're picking -- 160 billion dollar brain at coming up throughout the hour closing.