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QE a Fool's Paradise?

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  • Description

    Platinum Partners president Uri Landesman breaks down how to play today's market.

  • Duration 3:19
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Back but -- my next guest says continued stimulus on the Federal Reserve is a full.

Arab eyes and it's only a matter of time before it in homes joining me with more on how to play this market is platinum partners president or relentless -- Thank you so much for being here -- in the US was a company.

Would you invest in it.

Absolutely not I mean it's probably the worst balance sheet that I've ever could imagined seeing.

And actually amazing that -- I keep on getting bought out -- that's actually the way to play the US balance sheet.

So this continual QE1.

23.

You say it's gonna implode when do you think that will happen.

You know I I think it's going to happen plan.

On.

And this may be awhile when -- Europe solidifies a little bit -- -- solidifies a little bit.

Then people -- -- that the dollar is just gonna tank because of all the money being printed essentially.

And that's when I think people realize that this economy has to stand on its own legs.

You -- rely -- uncle Ben to keep on pumping liquidity and forever is the Fed making these moves purely on political grounds as those claim.

I mean surely would probably be too strong -- statement that there's no question.

In my mind at least that there's a lot of pressure up from the White House.

For the market to be propped up at least until the election.

All right so how do you play this market you you like the fundamentals so exactly how you.

-- I think -- with individual stock selection is very very important have to look for things.

On that happened participated.

Below what what we like to do is look for targets potentially of mergers and acquisitions.

With stock price is being artificially high a lot of buyers are gonna be Smart and try to use their stock as currency to buy cheaper companies.

All -- this market overdue for a correction.

I think it's way -- -- for correction I think it's close to three months overdue for correction I I know why I've been wrong.

But I think.

You know sometime in the next three months we're gonna see dramatic.

You know 150 to 250 point correction on the S&P 500 because -- have a presidential election -- -- that leads to a lot of uncertainty who's going to be in the White House.

We have the fiscal clear if mean surely it is a tendency to just go for the safe haven right now.

Yeah I think and I think you're seeing that.

I'm in the bond market -- seen -- a little bit in the US stock market as well as one of the safer asset classes I would just quibble with something he just said I don't think there's a lot of uncertainty in the election right now I think.

Obama is going to win.

And the Democrats in when the senate I think that's in the market already so the uncertainty that you would normally expect going into presidential election.

Unless something cataclysmic happens between now and and beginning of November.

I don't think that's gonna really play a big part of the market.

From corporations when reviews -- -- some real dire warnings FedEx -- one stands out of how things are looking going Ford.

Com.

How concerning is left and I think it's very interesting that you bring -- -- because.

I think that set used to be.

Way back when act as goes GM so goes the market well and then maybe Wal-Mart was the best indicator I think FedEx is the best indicator of what's really going on.

In the US economy when sex house you.

But volumes are down and pricing is weak I would go to school on that right very good stuff or -- -- -- thank you so much for joining us pleasure thank you.

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