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TD Ameritrade Trader Group S.V.P. Steve Quirk on the growth of using mobile devices for investing, plus the outlook for the markets.
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-- -- what's the latest trend for investors.
And how can you.
Cash in state court senior vice president of the traders -- -- TD Ameritrade says it's all about.
Remaining on the go in this fast pace world who joins us right out of Fox Business exclusive interview from Chicago Steve it seems like -- matter what we talk about.
Retail investing it's all about mobile and you say well certainly investing is no exception and that's really the wave of the future.
Well it certainly Chris we've seen from by the way.
Hello and Merry Christmas happy holiday -- thanks thanks for having me on got it.
It we've seen tremendous growth in -- space it's not just what they're trading but how they're trading it and that's been.
The -- has been really astronomical over the course of this last year.
And our anticipation is we're gonna continue to see that growth.
-- gonna get investors off the sidelines you know -- we just talking about -- elicited the the volume.
We never had been trying to break -- technical number is we never have a day when we have high volume anymore I really used to -- -- -- broke through with high volume.
We never have been in more how we gonna generate -- in 2012 and beyond.
Right I mean -- move without any validation validation meaning the volume.
Really -- I wanna -- -- meaningless but they certainly lack any kind of bomb they don't they don't provide any confidence for retail investor.
Come salute some of the things that we've noticed over the course of the last year that have been catalysts to get.
The retail investor off the sideline.
Have been near the IPO is particularly the IPO names that are.
Familiar to the clients.
Thomson Linkedin is Groupon -- -- GM you know some of those names have really kind of brought some people off the sidelines.
In -- kind of thinking about exactly why we're getting this behavior from the clients.
If you look at all the news that's been evident throughout the year.
There has been a little bit of a dearth of good news.
Come this would be the one area that sort of a beacon of light for them and they in the gravitate toward that so I mean we like the story.
And we know that there were quite and there are more IPOs this year than -- have been since 2001 and com there's.
Probably going to be a continuation of those of that.
Of that acceleration of IPOs going -- in the next year so who we think that's a positive story for our retail clients.
You I talked to a lot of people on here about what their investment thesis is our -- -- to 2012 I hear a lot of utilities I hear a lot of health care a lot of safety plays.
You're going the other direction in 2012 what do you think the best performing sector will be.
Well I mean obviously.
You we don't get into the business and -- sort of forecasting and we just try to help our retail clients but if you look at what happened over the course the well last couple years.
You know financials have obviously really lagged behind all the other and our most the other indexes and absent a reversal in the interest -- market they'll probably languish again early in the year but.
You know if the anticipation is that we're gonna see some sort of parting of the clouds.
Overseas and and have a little bit of a pick up here in the US I think financials are good place to.
-- thank you so much -- we appreciate it Steve -- senior VP of the trader group at T.
