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Today's Market News: Fluctuations in the Market

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    Even with earnings coming through positive, will the markets 'muddle along' in 2012?

  • Duration 4:30
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-- lot -- down their let's keep talking -- this -- about the market -- -- is with us right now we -- seeing Eugene meanwhile portfolio manager or private investment management.

-- it's great to see you.

You know -- is -- and I think chaos in Washington still like chaos in the markets though not.

Yeah let's face it good to see you.

I agree you'd -- having a mixed earnings season in the phone.

Some companies are doing very well Microsoft Intel you heard the -- earnings on this morning the good news is of that.

Earnings are coming through somewhat positive I think -- -- -- you know notwithstanding General Motors -- become the largest car.

Maker in the world you know again but the fact that the markets up over 5% is.

Somewhat unexpected going into the year so I'm pretty its site at the weather is six degrees.

The market's up 5%.

And jobs numbers are coming down so I I think the net net on with a positive.

In your -- you say do you expect that the economy to muddle along muddle along isn't.

All that positive is it I mean the GDP numbers today we're you know pathetic at best.

Well that's exactly what -- long -- that think you're gonna have a mixture of data points because we still not a woods -- Europe just yet.

But you are starting to see.

Better GDP growth coming out of Japan.

On some of the emerging markets are doing a little bit better and I think it's gonna be company by company a large cap tech companies.

Earnings came through you know somewhat wonderful apple was destroyed -- but then you're going to have some other companies -- several on you know wasn't as good and so.

Net net I think you're going to muddle along as we said.

Yeah okay so that being said though.

You do see some -- dignity and some certain sectors.

I do I think you could you could find some great value in the health -- sector of course there's still confusion.

Oh and administrative since health -- policies so you're not gonna go anywhere any time -- but when you're looking at a four plus percent dividend yield.

And sector where the demand for services there are still high on their lots of companies you could find that are not so wedded to Medicare reform.

And the like which are quite attractive investment candidates right now on technology also provides some compelling valuations to see last year.

Beatrice is all in the clout and we costly said.

Well behind the -- this infrastructure there is on -- their hard drive storage and you seeing tremendous earnings out EMC Western Digital Intel.

You know coming -- -- earning season I think that's -- the value us.

But technology across the board technology -- -- question because you know I don't think you can make a blanket -- statement can you.

Sir -- -- you know -- -- an anomaly definitely fine but.

We did hear that you know.

Others -- -- -- having issues.

Well -- you actually cracked again we're talking about muddling along Microsoft was strong.

On Google you know not as much Intel was was decent Cisco Systems was decent.

-- flash drive.

On ships are not as good so it really is stock pickers market fall -- -- the.

Well I think it was -- -- the other day reported really bad numbers.

Actually so -- -- assuming your picks you and we know you like Microsoft dimension had a bunch of times.

How come because -- -- it looks like a flat line you know on or I should say like a deadline.

-- In -- hospital.

Well that's exactly what we like it -- Microsoft was still.

-- coming out plenty of cash of all it -- has been in and apple and Google over the course of the last few years but you still have the went -- that armed platform.

Being the primary operating system and computer systems and even though that -- -- been around tablet computing.

-- there's still lots of different servers and desktop computers on the Microsoft basically at a strong season when Xbox.

So we think this the common name where I'll -- a very and is that the stock the street doesn't like it very much when the market comes back around we think we're gonna make you know quite a bit of money here.

We also mentioned General Electric yes of these are elections are -- by play force.

Three years ago.

Doing the oil market collapse the financial services arm -- didn't do well for -- and we bought it down the bottom because we thought industrial.

Sector of the -- company would bring it for.

I think your face the same thing here on the industrial components of DE.

Our operating you know very well you might get a little bit of a -- from.

On the financial sector so it's a very safe way to play an improving economy albeit very slowly.

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