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Legendary economist market -- about -- on wide this wave of worry and how big -- guests.
Now I'm Robert you know you -- hear last month you tell me you were.
But completely out of the market because you were seen things that you didn't like what was it Dan is -- still there -- now.
We talked about the better scenario where we had at least border Q measures -- the most opposite that October about seven that we had the foment a very that we -- -- light volume foremost the month.
Month in fact decrease in -- we have been not confirmation with the New York by the been backed by going to and and we -- that doubt very -- confirmation.
So what does that portend and generally when those things -- -- the way to do.
What happens next.
Well when you got -- momentum not to mention go belly equates structural pretty much -- gear.
I don't like to bet against that so.
What I think people kind of forget the market has only been -- -- trading days but the doubt this wiped out two and a half but we're beginning Italy goes down faster it goes up.
So those Oregon is just a bump it has still bull bull market here you do you quibble -- What -- -- I don't agree with that but I'm glad to hear and I hope they say that for quite a long time is long at the optimism is still there on balance.
There will be waiting to look for -- low but I'm I'm hoping one of these -- not talking and everything to -- lined up for a bottom but that's another dip.
You know there was a weird sort of a bright spot and all this depending on your point of view the ten year note.
A move down to 2%.
Of that to be a reflection of the of the environment here where things are looking like -- someone down on the markets reflecting that.
But what do you make of that and what does that generally -- interest rates slide as stock slide what does that usually bring.
Well I bidding saying for quite awhile but I think we -- rolling over -- -- deflationary environment.
And the two big areas that are reflecting that are real estate.
Still doubt about 45% and interest rates.
Which conference in debt are very very -- -- what about me.
Plug those things are still of course I think that's the ultimate direction of everything else we've had a big rally back in commodities.
Topped last year they're down that -- interest that's been there.
Of course the -- stop last year or so I think we've got market's been here for that.
When you coming -- ignorance -- -- but when you have a deflationary environment.
Is a good investment and that and uses of cash and -- -- what that's what -- catch on real exit president yes.
Wow so how long do you play that -- Well until all the indicators switched the other side and you know there were pretty.
But start both available on March don't know that we've been there been any big bear market -- in the it was bigger than we thought it would be but that we ended up with a bank.
So we're looking at -- major blow a couple of years out you're -- -- and in the detente just have to because drives they had -- -- Ultimately that I did I know a lot of people disagree and -- that's what make Smart.
-- -- -- -- All right Robert to break out the razor blades factors thank you always well about it and I guess they don't sleeping like a baby editor Hugo very good thank you about -- -- well.