Also in this playlist...
This transcript is automatically generated
In the what today's pullback my first guest says that the Dow could top 151000 and just a few months 151000 on the Dow.
Joining announced Keith springer president of springer financial advisors T but I heard that the morning and that's an idea God's got a -- back at 151000.
In the next few months.
Help me out -- I'm excited but.
Make me believe it.
It's not because things -- great for the stock market for the long term -- you know you when I see I die on this market because a lot of liquidity in the system.
The fifteen trillion dollars that -- in in the system a few years ago.
Now the Fed balance -- up almost three trend ECB is that three and a half trillion.
Lot of money chase in this they're -- risk assets.
They're going to be pushing things higher earnings are probably going to be better than expected.
Typically get that we have a little while before earnings and then we have a little pushed church earning season we got an election year.
Let's face it we have what you're an election year cycles positive.
I think things push a little higher of people of gotta be chasing people are going to be looking for returns.
But I do think it picks this year I think this is the best we're gonna see in the next few months.
I have visited with sparks from here relative 151000 keep -- I would think that you know you might get some sort of a pullback but.
I'm still trying to figure out the catalyst I don't disagree with you on any of the things you talked about but look let's talk about this liquidity for instance it's -- it's sitting behind the Baltic banks what is -- start to seep into main street to the point where.
You might get this sort of you know move up the parabolic move that you're.
Well the parabolic move it's gonna happen when people start to panic people start to feel like they've missed it and that's what's going to happen.
We're seeing institutional traders they always get an early there -- always at the forefront and that's what we've seen in the last year year and a half.
And eventually the individual is gonna say hey I can't live with two -- in the bank -- mean.
That's what we're doing for our clients you know we like to take the -- -- invest for need not for greed.
Which -- get the return that you need without all the risk.
There's plenty of things out there with good yields.
You know -- some bonds out there that preferred stock 8910%.
People are gonna start to panic and feel like they're really -- -- out.
And they're gonna eventually -- -- jump in -- gonna wanna get be a part of that you can't sit in the -- you can't sit in treasuries and you know you're gonna see a really thought about parabolic move.
When people feel like they're economist out of I don't get -- Right sort of there's a panic buying -- the world and that dovetails with the -- I read yesterday from Goldman.
The you know the cult of the equity and and historically when this happens when.
When these -- yields I have to sort of relationship the market typically explode to the upside.
Every morning I wake up I look at three things.
China at the bed and apple one -- -- I was gonna get tough day for the market you've already addressed the Fed let's talk a little bit about China because that's why run depression this morning.
Are you -- that.
All of this anxiety about China's -- landing is an overblown.
I do we got to remember two things one China.
Is essentially the world's factory they're making things for the rest of the world Europe is going through a slowdown and recession.
Naturally things are gonna come in you know orders are going to be lower but the other thing that really important thing Charles is there are closed society they release information based on what they want -- Now China has done a good job and raising interest rates and raising bank requirements to slow their economy down.
If a little overblown for the time being I think China's probably the most from the don't people get credit for this probably more room for to -- You know that's that they eat up a quarter of the world's oil the up a quarter of the world steel and coal and iron ore.
There's a lot more room for China to grow here I just think that.
You know it is a little bit overblown so I think you're right on the button at.
-- -- in a category China soft landing checked you still believe by the way I'm in this category with you let's talk about that apple at some of the other would be leaders because if we're gonna go parabolic there's got to be names that lead the parade.
Can apple still be that name.
Apple is going to be that name I mean is that's not another situation what we're just talking about.
Panic buying people feel and not just people -- institutions you got mutual funds that are so under owned and apple.
They really feel like they've got to own it they've got to show their clients and I want to show their portfolio.
Apple's going to be pushed forward now Charles you and I CI and I that the average person can't bought by apple because they don't need all that risk.
You know the average person to simply should be investing for yield pick up as much income or dividends when they can.
-- not taking less risk to get the best return on account but right you know -- probably gonna go a lot higher and you know if you're an aggressive investor or you're an institutional trader.
Yeah almost half don't.
We've got you brought up the the issue what people should be buying we've got about thirty seconds that he just give me a couple of names that you really like a lot right here.
You know the they -- the -- about it is invest for new enough for -- it's picking up dividend yield trying to get equity returns without equity risk.
-- -- generally like I mention that before.
I still like a break burg energy.
These -- yields at 8910%.
That you can get.
Some upside potential -- out a lot of the risk without a lot of the downside risk and that's really where I think people ought to be focused I think most people take too much risk.
-- you know I love having on this show really appreciate it keeps -- -- springer financial advisors will season are coming up.
Filter by section