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About the large caps and small cap stocks but Legg Mason's Brian onto Romney thinks and the best opportunity right now -- -- US mid caps he's betting is billion dollar fund on it is here to spend the last hour of trading with us.
What what about the mid caps that that is allowing them to truly capitalize on a general move to the upside and markets.
They're I think -- -- -- they're under appreciated nurse always mid cap companies that you can find.
That no one else is paying attention to -- there are more likely to be defined.
The what you see in the capture.
Just on a very broad spectrum so a company between one and fifteen billion dollars you know it may move up and down a little bit with the market movements but that's generally what we think of as the mid cap company.
OK so let me show let me explain about your fund and as we look at some of the top holdings of this.
Let's compare apples to apples your fund is up -- for your 14% vs the S&P.
Mid cap sorry -- that -- is -- 1990%.
It's -- the S&P midcap up 14% so as to outperform and I am sure you put a lot of thought into picking each stop to go in there.
That's always -- -- -- west tenth.
Everything we do is from a bottoms up we have we don't look at the market and say -- well we think oil's going to hear or or interest rates are going to there -- GDP is going to be here.
Everything's from the bottoms up and we do that because we think we can find.
This price equities and build the portfolio from the bottoms up and then remove all the other risks.
As best we can.
You know I'm looking at this market so closely and we can get all excited about mid cap small caps dividend players etc.
but in the end we still don't have.
A housing market that's roaring back yesterday we had guests on the for -- -- -- don't expect to ever come back because that was a bubble.
So it may come back but not nearly as high or nearly as frothy as we saw on the past but.
What are you seeing in the housing market and end at some point do you say.
Don't miss some move to the ups.
Yeah apparently I'm looking at some different numbers and then they are you know maybe if you.
He made that there -- spent on housing you can look at some numbers and say oh well.
We're not moving to the upside but clearly the market has bottomed here in is starting to improve if you look at.
Home prices they're coming off the bottom it may not be.
In every single market right there are some markets whether -- be you know outside Detroit or maybe outside Las Vegas that are still seeing house prices declines.
But if you look at broadly across the United States home prices are are beginning to it to -- -- you starting to see backlogs in the home builder.
Companies beginning to grow.
Favorite sectors right now the F it within technology were still -- and great great names to own.
There is tremendous growth of that in areas like -- -- Oil jackass screen I understand one of -- previous guests have mentioned you know that we've got plenty of oil thanks -- a lot of mid cap companies that are doing.
Some great exploration and production work in places like the Bakken etc.
ceasing 2030% -- of your growth in production.
Front's gonna give us some of those names that he really likes right now in just a minutes -- -- -- is just hang out the great work for a few minutes and then coming back to give me.