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Off everyone -- then is that upfront but the market as we said -- stole.
Is it because of the Middle East or is it because we just waiting to see what -- Canada's.
Joining us now from Sarasota Florida market -- Shah Gilani with money morning so tell us what is it -- just waiting for Ben.
The be some action when we find out what he's gonna do always the Middle East putting a damper on everything.
I think is primarily waiting on -- not that the middle is east isn't having some effect on the market.
I think it is in terms of watching the price of oil oil continues to rise -- think that'll have a greater impact on the market but.
Primarily was sitting and waiting to see what helicopter Ben does -- he throws more money.
-- in terms of stimulus or some kind of new program.
Then we're probably had -- higher if not then all -- That's -- but he could disappoint couldn't I mean he could come up with a tepid sort of helicopter Ben approach to -- in the money around and I would disappoint significantly.
On the other hand he could really just -- Q now that scrutiny and please everybody.
I don't think he's going to do with the latter -- I don't think he's gonna check anything out there because he's always got the luxury of time.
Now based on the language he's gonna propose he's going to probably make it sound like we're always at -- ready which -- what he's been saying for the last several quarters.
And I think that probably -- maintain the balance of things in terms of the markets.
As long as he doesn't disappoint in sense of pulling things back -- we're not doing anymore we're gone nowhere or we're not going to extend further.
I think things are probably be understands -- for some time until the election so that's probably where we are in this into -- and holding period.
It doesn't look like what every does is gonna have that much of a direct immediate impact on the economy the stock markets and other things the economy -- -- -- entirely different story.
Not much he could do to get things going before the election.
-- 100% agree with you it's unfortunate I think this the Fed is out of bullets in terms are doing anything for the economy.
The dual mandate I think has to be addressed I don't think it's really functional in terms of what.
What the Fed is able to do I think that need to be put back on congress in terms of what congress has to do what the administration's have to do that that take who have power and have the power in this country to do -- -- thinks.
So out -- I think you're correct that there's not much that they can do.
Where they've been doing is really pumping up the the stock market which is what has been articulated as a policy to move things up make people feel better I don't know it's gonna last that long.
I -- I can't remember what your position is on buying.
Apple's stock but my question this morning is the -- out with a new iPhone 5 does that make you want to buy the stock.
The stock scares me a little bit at these levels I think I given the price of around 670 not I'm not sure where it opened up today where it's trading could not totally but.
It's getting quite lofty I think its ads performed beautifully because of the products because of management everything they -- that they do they seem to do well.
But at some point either summer's gonna come along and take a bite out of the apple I think the stock will stall but right now I -- held -- I'd be very happy.
But I do looking to put some support underneath and in case it starts to give a little bit back.
You know you sound -- war.
Absolutely lukewarm about everything I don't hear much fire in the belly much enthusiasm from shock a lot of this morning it's not there is it.
No -- -- -- wait and see period right everyone I think in terms of the election in terms of macro events out of Europe and we've gotten some resolution so we think about will the last will -- stick.
Other constitutional court in Germany gave an affirmation of the policies of the ECB.
But still the details are are not there on the drawing board we not really sure how -- an end up we we Spain's bond prices have reversed a little bit so we still have the macro events out they're China is still left conundrum in terms of is that slipping isn't holding with a -- more stimulus so all -- nothing is terribly changed and so with the markets that these highs -- multi -- -- I think it's time for caution.
It just there isn't that much to Todd on the individual investor I don't we put a lot of people who trade for a half hour here half -- of that watching the -- along the bottom illustrate.
I understand that.
But -- -- many people.
Buying and holding and it's you know it trading backwards and full was over a longer period of time.
I just go see the interest of the individual investor do you.
No -- I don't and under quite correct that did that interest is tepid at best and then in terms of actually participating.
And when did who does -- is fairly short term I don't think there's long term faith in in the in the credibility of the markets.
And then there's certainly a lot of transparency in certain terms of how they are run in terms of things that have happened with the IPOs and become moments on the other issues.
High frequency trading in some of the attendant -- so.
The public is wary of the markets as they think they well should be I think we agree shot a lot of it always a pleasure thanks for joining us against up.
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