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And Staples of learning and you got target and Home Depot.
While they're driving.
Now they're saying that they -- cells and start jumping all the these companies are looking at the same morals.
So it confuses me in my little world.
Sports and it doesn't it uses next time great guests a good read of the world money manager Ron Carson.
Rhonda I would be -- -- to break what's real what we're getting out of it -- days.
Or what we're hearing under the -- I think the fact that.
The economy's not growing you're gonna have clear winners and losers go back to a year ago we had the market trading.
-- about a hundred points -- on the S&P PE ratio fourteen today were fourteen and half tons of uncertainty.
And the market's just -- -- out -- saying we desperately need Hillary's -- even at these levels as we need some leadership.
We need jobs.
We have to get the economy growing we're gonna -- -- -- -- and -- -- because our target on people apparently.
You know they're they're I'm not saying their mom and pop -- but yeah.
There of middle America -- Most of their earnings are derived from US always US is the best of the worst right -- -- -- -- today actually get exposed to -- you know even 115%.
There -- a currency translation 11% just on international sales have you done primarily US business you're better than if you expose too weak world.
But if we don't get a handle on providing jobs we gotta have jobs -- out -- comes on in front of a job part of -- -- every nose jobs election's going to be based on jobs.
But it is all about jobs because.
People's unemployment running their benefits are running out.
They're losing their skill set they're losing confidence.
We have the consumer that you have some of the debt is down a little bit but the entitlement does continue to grow -- the headwind for the future of the fact this.
We have borrowed from.
And meaning that future -- have to pay for it.
We're not panic will we get this deleveraging and you're seeing it right companies are for now what kind of cut costs can make improvements but whatever -- -- and -- here on the market's been doing all right.
We look at the NASDAQ and it certainly not when it was.
And a long way from the highs it did that in 2000.
It's gonna grip -- -- and after hundreds and agreed to form.
But earnings earnings -- 70%.
Above their average margins are anyway so you'll look at that you say yeah we can continue corporate America and actually in good shape and they continue to cut.
Cut cut cut.
Like any company you've got to start to get some top line growth.
Or those earnings just -- you saw Mena almost every report that we're on -- look at the -- we've had pretty much everybody report in the 500.
More than normal people revise downward because of the uncertainty and they realize -- sort of thing we can only cut so far.
Are you bullish or bearish aware protect mode right now I think it is -- it means that were.
Because we believe -- were right in a trading range between meals seven highs in the 09 lows.
You don't have a tail when it's gonna love this gonna blows on -- for prosperity and make a lot of money in those days are gone eighty's and ninety's you have to work from where it.
And we think there's more risk to the downside than previously I was I -- a lot of young people like -- in his I was.
Tenure return slot you know I don't think it's a tie ourselves right -- is -- ordinary -- Does this does it unbelievable pressure for financial advisors to keep their job.
And to do what they know they should be doing for their client not losing their money meant it's got to perform in the short term but.
The returns come from not losing big chunks of capital in -- whole lot of pressure -- there were feeling yet everybody's feeling and it.
-- it also presents prevents tremendous opportunities dislocations by the way I think.
You're one of the sectors we love has been -- go in and buying housing Banco property -- over renal.
You can buy for less we -- housing -- -- you actually do it just doesn't need to go down anymore we commit to look pretty good cash on cash returns just routine.
The proper interest Ron Carson was -- -- -- Nebraska South Africa great part of the country.
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