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Ed Butowsky of Chapwood Investments breaks down whether the markets will react to Tuesday’s primary winners.
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Join the company is at the -- -- with China would investment tried at how about the question of the day for you -- -- Wall Street cat who wins in November.
With without question I mean are you everybody should care especially they have a 401K plan or any kind of investments and the reason they should care is.
When you look at the markets it's all about earnings Stewart and -- president's policies -- what's you don't quite frankly -- party's policies are gonna be best for business and when you look at what we have right now it's almost an assault on earnings and -- goes back to we hear all the time obamacare does that -- again at Durbin amendment you an assault on things we've had three years of really really good profits for America's big corporations -- those profits -- made overseas doesn't matter a big profits and I put it to you.
-- if President Obama does win a second term.
And it continues the assault on business OK and the economy -- comes sluggish.
The federal resolve will bail him out by printing a lot of money which will find its way to the stock market and stocks will go off what do you say.
-- that that and how.
How who wants to have an economy built on really house of cards -- mean when you really think about Stewart I agree with you the market is gone higher but that's because the came out of such a trough.
Earnings when you -- -- look at how much money obamacare is going to cost is that you know it's just started seeing the impact of that now the Dodd-Frank bill and all of this regulation it pulls on earnings just like oil prices are about to -- on earnings and that's gonna pull -- market back -- I -- talk about regulation I mean I think in any any banker that I talked to here in the city that's the number one buzz -- the regulation pulling them down right that's right.
A -- no no question about it it does go after earnings and that's why stocks go higher is earnings -- the perception that earnings are gonna be better.
The Republican Party right now would be much much better.
For business and better for the stock market -- you sure that you -- not letting you all politics Clough the you'll investment judgment.
I'm not I've -- sort of those 25 years and it might -- a little bit of that but the truth is that earnings are what lead the market higher and this administration really is after a big business and that's what makes stocks go higher our earnings for these big companies.
But now a couple weeks ago at a one week ago we asked you -- give -- a stock that will do well with four -- -- gas and you said.
Anadarko.
Well since you said that Anadarko has gone down 5%.
And you'll story is now.
Well I I think it's fantastic I mean what a great time to go in there and buy some more of it.
Bill Stewart well what -- -- ahead that if you got what they want why would you not -- on Friday went down because the some news report in a downgrade by one company but.
I'll say it again at a 110 dollars a barrel that stock could reach a 125 might short term target is a hundred dollars on that stop.
Gold buyer right now you realize you don't videotape what -- musical video -- -- that we use that any longer right yeah you -- down in the historical radical.
Again -- by Anadarko.
You absolutely let that stand right.
I'm letting it stand absolutely no question about it at -- -- -- -- a good man -- Q what they say -- good man yeah I'm -- you being with us thanks very much indeed that we'll see again real soon thanks.
