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Let's -- on the markets now bringing.
This is his you can pick a -- like Sierra you have you have got to -- now might premises I think it's going to be a breakout on the markets I think.
If Romney wins Ben -- and marry a prince in Europe the -- is to the upside.
I think if President Obama wins a second town and the economy spirals down -- -- there's a break out on the downside we sell off -- you -- Well apparently if the market is the economy's going up the market's gonna -- but here's what I would say the world well -- wait a second.
You said that if the economy is going up and the market will go off the market will continue to follow up well among a moment the economy's going down.
Well right and and this this actually brings me -- my point about -- if you see Obama starting to break out of the polls expect a lot of the same right expect a lot of European news driving the markets Q -- supporting the market he got tax reform which potentially could be a little bit bearish against the market.
Or you look at -- the flip side -- you look at Romney's position as.
Romney -- come out he wants is put tax reform that would potentially be positive for the market he talks a lot about cutting the deficit.
He talks a lot about creating jobs those things are going to propel the market significantly higher.
So -- you think the market's going higher out one way all the other I Obama wins market goes -- Ben prince marry prince market goes off Romney -- market goes up even mall.
Although the more more that the Fed it but let's think out the one agency that has really supported the market over the last two years it's it's been the Fed -- -- in the printing it's been Q week.
You you can actually make an argument that if you remove ban which Romney has said in no uncertain terms that he doesn't think he'll be total reappointment when he fourteen.
You can argue believe make the case that hey wait a minute now you've taken out the backs -- -- taken out to support when you change out Bernanke and I and I would almost say you you could expect from these first interview question for those who the nominees for that that position is gonna be like.
How do you field operating money right now and you should probably expect higher interest rates and no QE from the gets into the into the into the into the office but -- The only point I would say to offset that is expect corporations.
To take over -- government spending.
So that the government spending comes down you think that corporations will liberate some about two and half trillion cash they've -- that's exactly right that is bill -- -- right -- you think there is an upside bias to the market pretty much we do nothing lately you're you're putting money into stocks on the expectation of a rally of some kind no matter what happens in the election.
Yep yep we continue to believe in this market should tell me about FaceBook real fast eighteen dollars and chest like behind today's -- book says I'm not selling any in my -- for at least a year.
I can't remember what you said about FaceBook last time.
-- I came on FaceBook is trading at 35 and I think and I said don't buy it and I think we're still in a position of don't buy it unless you can protect yourself eighteen for you wouldn't buy that that's the price right now not -- -- -- protected we do a lot of hedging if I could put a floor in -- great -- -- because most investors don't get out -- hedge that's true and by that they somebody mentioned today well of course why would facility -- my response was.
'cause -- eighteen dollars -- stack up.
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