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Wells Fargo Funds Management Chief Equity Strategist John Manley and Mainstay Capital Management President David Kudla on how investors should deal wi...
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-- John is the number one thing people should do point -- Their portfolio right now in light of the fact that we may have a long hot summer of generation and headlines out of Europe woman should make sure -- balanced -- that that's important I think at this point in time the market is the stock market is still a very good long term value.
I am pretty great.
Good degree of confidence I would say in the next.
Twelve to eighteen to 24 months who knows -- the short term I think -- this is a time when you see weakness in the market in the past.
Always easy to trim the weak ones add to the strong ones make sure in the right sectors if you can possibly do that and I think.
He just let time pass and John I don't wanna be too pollyannish about it but you have -- saying were only down a little bit compared.
To what we're feeling -- -- by that.
I -- off amid a miserable last month has -- simply don't -- your feelings of market should be down 20% -- -- if there were only guy who are feeling this it would be no big deal but I think a lot of people feel very depressed isn't that the time about John that you should be buying when the -- -- -- you know we think this is a trading range and we went -- we sort of had a fight the upper end and now that we're coming down we certify that the bottom -- You know -- -- fighting a two front war but I think it's worth because I think that's what's going on we're close to the 1250 were calling the bottom for the SP five on and on this point by the way both John and David agree when your feeling most rotten you go against your instincts and that's the time to be looking for bargains John David great to see you both.
Thanks very much thanks well despite.
