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Day study on the markets now joining the company from Dallas -- -- -- -- with -- -- investments he manages money for the rich.
Now conventional wisdom head is that if we do get a whopping great big bail out for Europeans.
All goes our stock market do you buy into that.
Yet there's no question about that I mean you know for all investors the reason that will happen.
Is because there's the perception.
That a lot of our companies in the S&P 500 will do better because the economies might have a temporary fix over there so we'll actually see stock prices go up.
But it's going to be temporary Stewart they have to deal with the source of the problem.
And they're not doing that.
So even trillions of euros would just be kicking the can down the road for a period of months as opposed to any kind of long term solution -- gotta question that though ahead.
Because when we have that same kind of crisis in 2008.
800 billion dollars tall.
Pumped into the banking system it did indeed fix the panic problem it did.
Now you may have -- not like tall but it fixed it right Daryn that you'll saying you cannot do the same thing for Europe.
Yeah I don't think it's exactly that it fixed at a knew what when -- really -- gave us temporary relief to and I think we're seeing that right now -- there -- there are Europe does not the United States the problems in Europe are very different than what they are here.
And it's and although we're gonna have those problems -- we don't change things soon in this country.
But the TARP money came in and really gave clarity and help people just kind of catch their breath after a lot of program trading Europe is a systemic problem that is there has been out there has been building for 304050 years.
So I don't believe that it's going to be a long term solution but what Stuart we just -- -- all of our economic books and say just print more money and your stock prices will go higher it does doesn't work.
That what you've been very consistent on this program and that -- always said look now's the time to get back into say I think it was utilities right.
Get booked solid utilities get a nice yield sit back and get away from the -- you still that.
Yes -- I mean look you look back one year my utilities are up eleven and plus you know three or 4% income.
And and and they've remained rather steady and right now I'll tell you if we do see that pretty in the one area -- jump into -- those mass settlement partnerships and you'll see oil prices rise along with that so right now if you do see that that's what -- jump into but I'll think of your financial advisor Brit is sitting around and they give you call after this plant has announced to pump money into this.
Get -- your -- I don't know one plan out there that says we for the Greek elections and pumping money into Europe and then start investing that's not a good plan.
That was a come martial for chop -- investments and arrow and you know I'm not trying to do that not at all -- I just want people use their head and not make mistakes all right.
Is always good to have you -- and we appreciate you being here again for -- thanks habitat.
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