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When Will Market Volatility End?

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    Baker Ave. Asset Management CEO Simon Baker predicts that Greek elections will ease volatility.

  • Duration 3:36
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-- in the gulf -- you very much we'll be back in fifteen minutes.

Our next guest expects the market volatility continue at least until the Greek elections on June 17 also like -- athletes -- -- -- hasn't taken money in the meantime.

Joining us now Simon Baker CEO of baker avenue asset management so that's it to have more weeks -- -- really redon.

Well -- I think it's gonna continue for awhile and you said trying to make my having -- -- game some -- -- -- not to lose -- I think that's the case.

For the type of mockery and right now so baker -- have high.

Levels that cash and just -- pretty conservative would some nice high dividend paying stocks.

It's interesting because you know a couple of years ago one would say why don't expect paid advisor don't just -- my money.

And now a -- holding cash is a good thing.

Well as Laura advises Al that it -- hold onto and then sell positions I think there is so buy and hold tight today is gone I think most people experience 2008.

And -- -- was fully invested through it -- a little bit frustrated so much good people become much more times than not environment quite honestly.

Cash is the right place to be in the right type of markets NATO allies come mid cap small cap the reality is when the market really capitulate -- the -- the same way they'll go down.

So what happens on June 17 I mean we have these elections we had a landmark elections coming up them.

Things get to actually you -- get better well.

I think it'll just am relieved a little -- the uncertainty that's gone on I've of that meeting greed is that -- it so much incentive to Greece elections is left and right and who's gonna.

Ali and actually stay in the Euro did they have the will to be in and if they do I think he really in the CRS the country's rally around that with a concerned about those other speculate is coming in and really Terry and -- Italy and Spain and -- -- arrest the economies of Greece.

Doesn't really gets -- -- about here come we were just talking about how we got some bunch of -- economic data doesn't seem like this I was gonna be pretty here in the US at all.

You still holding in cash through the summer or -- -- putting it back to work a little bit -- In ABS selected I mean not a hundred dissenting cash -- -- -- high levels of cash certainly out of there are some bright spots there was -- music came out this morning the retail sales.

In May was actually quite good -- oil prices are coming announce of people feel a little bit like -- -- it won't -- -- I think selectively comedians some -- -- -- writing right now area.

I know one of the ones you like is Home Depot that it it against the play there is people can't sell their -- so they're just staying in fix them up.

Yes I mean that's having people existing more DIY coming on selling a minute that you're selling -- -- implying smiles and -- do a good job of us some good.

International expansion that -- nice.

2.3 percent dividend to me totaled at this point crazy but that's -- and ten year treasury is one point 5% -- months.

It's -- a minute and the -- I think -- week that was it's was 16%.

Back in September of 1981 and now we saw at one point 53 I think at its lowest.

But -- actually -- some kind of treasury trades him.

Well I think it's -- and I really think that's united missile quite and so quite considerably safer every time nasty -- by NE TF the prey were the reversed prior.

TV team which is that those in any other side -- -- I think it's gonna recover.

Quickly.

Through I think it's just say the -- and this thing that's another when he picks -- -- large cap pharma hearsay get defensive play -- and too much trouble without a 2.3 percent the divide in the coming up into two defense.

Types the -- the nutritionists and also the app pharmaceuticals integrate some more value.

He can't get to mention it in the habit 97 billion dollar market cap.

You know I have to -- Home Depot is the man's store blues is the -- story isn't like it would be better what I should be and I well I'll tell you -- Sometimes you sound like Saturday -- may take care avenue asset management thank you thank you have you -- so --

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