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Raymond James chief investment strategist Jeff Saut on the world elections and the markets.
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And -- these elections not only increased but also in non Egypt which talked about a moment ago in France.
Having an impact on investors today -- -- hot says forget about all that.
It's the potential -- by our own government that we need to be thinking about he's the chief investment strategist at Raymond James what's all this.
Foreign background noise we gotta be thinking about November -- for lot.
Yeah -- -- I think so but I've been saying for months Connell that the politicians and bankers and bureaucrats in the same in Europe as they are here and they don't want to lose their power.
So I think actually had it exactly right they're gonna paper over this and try to buy more time.
With the Euro quakes -- situation.
And I think you just saw rumors of that the past two weeks and here's the twist if they put up another two trillion euros to paper over Italy and -- -- issues.
Our Federal Reserve is probably gonna have to do another liquidity -- -- to keep the US dollar from spiking.
Ha -- so the Federal Reserve gets back and twisting her gorgeous providing more buying more -- whatever they're going to do.
Over the weekend however wasn't just -- mean Ashley did a nice job as you -- outlining what happened there but.
-- the socialist control France now and getting overlooked because we knew about France walked -- on winning but now the party and in complete control there.
-- -- and then the Muslim Brotherhood apparently they say they want.
In Egypt all of those things considered -- you more or less likely to take on risk this this week compared to last.
-- -- is still inclined to take on risk I think he made a daily and intermediate term bottom.
On June the fourth at about 1266 on the S&P 500.
And I really do think that our elections are going to be a key swine.
Come November I think no matter who's elect that I think you're gonna see people take on the issues of the debt situation because the path -- on -- unsustainable.
And I think that's gonna come on the back of re industrialization in a move towards energy independence by this country saw a very excited kind of interesting because it's not a -- you're saying it doesn't matter it's not a bet on Romney -- not a bet on President Obama.
No I think you're gonna see pragmatic practical people get elected in the in the mid term elections you saw mainly.
People out of the private sector get elected and I think you gonna get.
Smarter policy makers and therefore smarter policy.
This is almost diamond -- at a loss for words pragmatic practical where it here in the United States but you really believe and allowed it gotten.
I lived inside the DC beltway for for years and I've a got a pretty good network in the Sam Rayburn building just one block south.
Of Capitol Hill and the change that happened in the mid term elections is palpable at least among the people I know.
Well we hope you're right obviously that's something does get done and that is the other positive for or bullish bet that day they'll wait -- that and then finally get their act together Jeff -- -- see again and thanks for coming on today.
