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Mike Holland, president of Holland Balanced Fund, weighs in on world markets and the Fed's Beige Book report from Wednesday, and how this will impact ...
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-- playing a role joining me now tonight's market master Mike -- president and founder of Holland balanced fund.
My great to have you with this the Beige Book -- got -- -- you just.
Soaring right now with -- optimism.
How are you.
-- great -- could be -- -- be back with you.
I've actually that did the Fed the Fed was who who.
We re confirming just what you -- talking about in in that was that things have gotten a little bit better in.
Little bit better in today's world is really really good because -- Europe for example some more numbers came out today.
And and they weren't so hot.
And Asia is looking a little bit slower but still OK so the combination of the US getting a little bit better as the -- -- an Asian not really going into this hard landing -- -- We may have a surprise to the upside here and through the rest of the year.
A surprise to the upside and we're seeing this market.
Move higher it's firming up it appears at least to me.
Give us your sense of what the stock market is doing and what you expected to do through the course of the year.
But -- that is how you you you set this thing up a few seconds ago and that is that the market seems to be and is saying that.
What's going on in Europe as bad as it is.
Is no longer the threat to our value moving forward in the US in the companies in the US.
And he saw that this morning when these are kind of negative things came out of -- -- -- start trading down and then by the end of the day as you just reported the -- who is oak flat to okay.
Last summer if these kind of things happened the word Armageddon kept coming -- we don't have Armageddon anymore in fact we -- -- having something much better than that.
And and and I kinda uninteresting that the.
The folks -- -- around the Bill Gross of Pimco talking down the markets -- betting against the this country's debt in point of fact last year.
We're we're listening to George Soros talk about how we've got to save the Euro but he didn't mention a word about the dollar when it was beset by every pressure possible.
But in -- has anybody figured out where the short lived in this country.
Well.
I think -- I think you could probably find that out very easily yourself and I'm sure you have.
Having said that I think that as you said earlier as well we do have a situation where the US is getting better with no help from any of that politicians are regulators.
It's just the opposite they've been headwinds to.
Two companies and in and we actually -- moving forward despite -- imagine if these headwinds.
I come down a little bit and by the end of the year things were looking a little bit better with respect to those things.
I think that's probably what the market is saying right now it's up -- 20% from the lows of October -- alright.
Well -- as always it's great to have you with us thanks for being here reported -- -- -- Thank you my -- up next new polls suggest cancer.
