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Edelman Financial Group Chairman George Ball on the economic and political factors on the horizon that will impact the markets.
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-- up investors we hope you're always listening to every single thing that said here because we have some extraordinarily Smart -- guest says he saw.
But George -- is one of them he says that the Euro zone crisis oil and Iran along with China's economic growth.
Are so yesterday Sina -- partly just said he's not counting out the Iranian situation so.
What does he think investors should be looking at today George is at a much financial group chairman and co CEO with sixteen point three billion dollars.
In assets under management and a whole heck of a lot of experience is joining us live.
From Houston this morning alright George if those issues are so yesterday what's so today that we should be really focusing on.
-- the placid markets of these last several months and they've been higher placid as opposed to downward placid.
Opt out have been reacting to cues that are.
Well factored into I think there's some new events new developments new news it's good that are going to shape the markets.
Course -- down.
Over the next weeks or months one of course is the US election.
Eight.
Socially.
Liberal fiscally conservative.
Regime.
Is good for business good for the economy -- talking about mark -- -- -- talked about Mitt Romney there.
I'm -- political but certainly Mitt Romney would fit that description -- a second factor that that's looming out there.
Is the potential and the rumblings now that.
China is disenchanted with the dollar.
Disenchanted with what we haven't done about our deficit and a -- -- of our debt or dollars or dissolution and disillusionment.
In China would that would be a real market mover and it's something that's that's not factored in yet.
Bob and and third I think.
If people listen to what the Fed is beginning to say.
Interest rates may start to come up sooner than is anticipated the Fed may Begin to.
Borrowers don't have a birthright to zero interest loans and that is again certainly something not factored into the market.
At this moment so deal lack of volatility.
It is something that.
Is there at the moment but don't expect at the last there well -- The -- right now and choosing data is jumping 6% right now for the -- again at this level of just under sixteen.
Or way off spent the past five year high -- if you look at the five year high we are well above forty but George let's talk about -- volatility and tell our investors.
How to buy it.
If indeed what you believe might be an increasing level here for the Vicks is on the way what do -- buy for my portfolio.
It investments are like a mosaic their their pieces that are put together and people need to have a longer term path.
As part of that path buying one of the pro shares.
Volatility indexes there is a mid term volatility index is a short term volatility.
ETA out there is a good way to have as a part of the portfolio so that if volatility spikes.
Which could lead the market to go either up or down.
A person is protected to some extent against those rapids surges in the market and could keep the portfolio intact.
Sleep at night -- be a little bit richer in the process well.
What you're seeing there in the middle when you see how -- it was during August and September when the US lost its triple A credit rating in Europe started to gyrate.
That was disconcerting than the volatility rises so that it fell calmly now you feel that there's an opportunity where it's starting to move once again -- you believe that that.
That particular investment pro shares medium term effects of the ticker symbol VXVVX.
Them.
The FC BC -- hold on efforts to combat the I accept the group it can't be and very good we'll have to watch OK and DAX -- So he has a whole bunch of other ideas -- coming up so George can you sit in the chair in Houston for a little bit and hang out with us at -- For you lose any time happy to that so we want to hear because you have to stand by for Charlie Gasparino -- to --
