Rosenthal: Bullish on Markets in Long-Term

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Don't -- don't -- our next guest says investors should proceed with caution in the near term.

Larry Rosenthal and Rosenthal well -- joins us now Larry a first a quick question.

Based on where the S&P the -- -- today will stocks be higher or lower by year end.

Great question Dennis banks rather be back again I think that stocks are gonna be higher than they are today towards year end you know if you take a look at from a technical standpoint.

RSI showing that the market is is considerably oversold right now which presents a good buying opportunity.

Now I just -- you guys -- and 500 would be over 14100.

By year end and then had plummeted to below thirteen well I when my -- I hope that I I hope that it -- that you will when your -- Dennis you know we never -- try to pinpoint ourselves or boxer cells into it to a number but I I see economic expansion.

I see stock prices continuing to rise throughout the throughout the rest of -- I think the markets are gonna grind higher as as.

More more political.

Issues sort of quiet down and get a leadership OK Larry now you'll like emerging markets but there's one index -- here down 15% in three months that means you must really like -- now.

Absolutely could take a look at the demographic opportunity in the emerging markets around the world you -- you take a look at what just look for the look back at history the US in 1950s had about.

52 million people in the workforce -- the prosperity we've had over the last thirty or forty years today the emerging markets have a little over one and a half billion people in the workforce.

And it about fifteen or twenty years is going to be three billion people in the work -- all of a rising middle class they need infrastructure they need technology they need health care they need telecommunications.

What a great opportunity for expansion and consumption.

And I love this next figures you know Evelyn says China grows slowly but you've got sign OPEC I first recommend that stock at nineteen dollars and 2002 -- -- ninety now.

It's a great by you know with oil dropping the way it has been over the over the last several weeks -- last couple of weeks.

-- -- -- has has reduced its its.

Entry point to making it a great by.

You know delivers gulf oil to mainland China and it we finds it there as well so great opportunity -- laugh out.

You got a gold miner here Larry gold.

Go back and GG get gold -- and yet doesn't gold itself always do better than the miners do.

It it it tends to do but the hidden value in gold core Pieter Dennis is that it's a low cost provider and somebody has to pull gold on the ground at a profit.

And -- -- position to do that in a very strong balance sheet if we continue to see downward pressure on commodities.

Then you're gonna see gold -- be able to expand and acquire other other providers plus they they they mine in north and south American forty politically stable.

Environment OK very good.

Nice already have -- -- thanks Larry Rosenthal -- about.

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Rosenthal: Bullish on Markets in Long-Term

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