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ING Investment Management U.S. Chief Market Strategist Doug Cote on the economic factors that show it is a good time for investors to jump into the ma...
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Get to -- karate he has more than.
A 160 billion dollars to work with under management he is saying by now and not just today we're saying it yesterday right.
Correct doesn't help when you sit on his day like this obviously but you have the attitude that now is truly the time to buy.
And you -- at ING investment have have a theory.
What to look for the ABC's so to speak right we try to rock -- our advisors investors.
Don't panic on normal volatility.
But we need is a plan in advance and we say well we can't show you -- is a good time to sell our get out of the market.
This is not one of those time -- what we look at as -- AD CDA is for advancing corporate profits we are at an all time record level in corporate profits.
He is broadening manufacturing manufacturing.
35 consecutive months of expansion.
In the game changer Darcy.
They've got again 35.
Months of expansion in manufacturing that's correct I really want to stress this folks people come on all of the business networks and on the Sunday shows ripping our economy which is not strong.
That's important to point out but.
It's not the worst thing what 35 months straight so that's the be in there yet and -- we're actually seeing.
Are reassuring you've heard of -- outsourcing is now coming back.
To reassuring back to our -- And why because.
Blow.
Labor cost natural gas prices at record lows because of -- New technologies -- -- is consumer is now strengthening of the Beige Book just came out and in essence the Federal Reserve is saying the consumer spending is either flat or slightly better.
-- at that level -- but look look at the levels though we're at an all time record level in consumer spending if you look at and component of GDP.
Retail sales all time record high despite 8% unemployment.
Discretion that this is where back consumer stocks are doing extremely well it.
So it's the consumer is not dead.
And developing economies drive that's the AB CD thriving economy driving of course the global world we we hear a lot of negativity out of Europe but that's not necessarily the economy that you're talking about right -- the biggest beneficiary of double digit economic growth in China India and Brazil.
US corporation's.
US corporations are getting the profits from overseas.
-- look.
Overseas to -- the sales.
-- and 500 is overseas and that's -- corporate profits will continue.
It's catalyst for growth going forward you know -- interest -- debt was just saying don't start panic and during normal volatility today the volatility index is down nearly 7%.
A volatility has become normal -- -- to even say -- -- don't panic during volatile that is the norm isn't right and it again.
As long as corporate profits continue to advance.
You want to be in the market.
-- they roll over and go negative.
It's time to get out of the market -- cut -- has been saying this for a long time is not just Johnny come lately here coming up the closing bell he's got more he's got some areas you should be looking at specifically economies.
