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If you look at markets now there's not a heck of a lot of action today but there's been plenty of recent turmoil and it's leaving investors skittish.
Driving the bull markets such as it is to one of its lowest -- -- history and Rick -- your joins us he's chief market strategist.
At Merlin securities and you know you have for months people coming in just telling us we need the market to pull back as we've missed it and then we'll get -- and while it's pull back big time and people are.
Doesn't -- like they're biting for whatever reason -- -- -- first quarter market was up 12% of all you heard on Wall Street is give me a pullback so we can get into woman got to pull back -- happens nobody wants like -- -- Well.
Tipping their PS -- can go from 14100 to twelve Simeone five without headlines or something pushing -- down somewhat foolish so there's a reason we pulled back.
Thanks I think as time goes on people are just more scared of what's going on in Europe and the implications for the US market that what that is the question of how to apply what's going on in Europe -- yet to make some assumptions about what they are gonna do about their problems are.
And then make other assumptions that are problems are caused by them and not by ourselves you know so you're looking at it and saying -- -- by this based on the fact their bail themselves out.
I have limited -- and I get -- either.
-- not particularly we've we know down here is if the market's gonna hold up we think this is the place in around 2.0 1275.
While the European conversations gonna stick around for a long time.
So I think if Spain gets the funding it needs that could certainly help the market.
If there's a 5050 chance and that's probably what's generally accepted that Greece is not gonna survive the Euro right that's kind of -- -- -- -- If Spain.
Can't get their act together and they don't get the funding.
And there's a shot that they don't smile of the Euro then I think -- euros on nothing but Europe nothing but Europe -- -- certainly the main part you look across the globe.
The purchasing managers index across all the major indexes in the world now.
Are under 50% which means contraction except for the US which is at 54%.
So we stand alone is the only major country that actually shows the potential for growth.
But we don't really China to by the way -- would slowing in China's under fifth Brighton which is big disappointment.
-- -- -- -- Rick thank you could see if they run now to get another update on stocks at a quarter to the hour to.
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