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TD Ameritrade Trader Group Senior V.P. Steve Quirk on the factors driving investors’ decisions for their portfolio.
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They released its twice that same budget today you know a lot of fanfare causing the market to rally in the Euro to push -- -- Okay our investors' fears over Europe diminished though Steve quirk TD Ameritrade -- group's senior vice president.
Joins us now for the lost hour of trading -- a Fox Business exclusive stay right judge thank you for being hit by the way and I guess for why you'll -- that.
You know buying it either so what -- come out with a budget this certainly does not put aside the debt crisis in Europe we've seen this movie a few times before so but.
In in looking at -- some of the surveys that we do to these two are investors we have five point six million.
Funded accounts -- retail investors.
It's not really something that they indicate is that that big of a concern to them.
-- -- larger concern is the economic situation here right to their personal economic situation and oddly enough the federal deficit.
-- story was saying.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- I would I would I would say that those are probably shorter term things you know I think when people think about their investing career their thinking about it -- -- longer term and the things that are really can effect better when they're not overseas they're here.
About the Fed in QE3 is that helped investors and what's your opinion on that is it just a short term fix I think it's just a short term fix I mean if it's helped equities come off I I personally.
Not that you know all of our and most all of our investors -- self -- -- they make their own decisions but you know I am not.
Envisioning a scenario organist he would drop that comes from your previous guest mentioned -- OK you don't see a big correction well I think if we were gonna see that we would see volatility there -- -- that was -- fifteen there's no indication there that there's any fear.
So what is the biggest strangest thing with -- -- is right now is a money flowing in and visit flowing out.
Well I think one of the trends that we're seeing in our world and it's actually a secular trend across the industry as people keep talking about.
Declining equity volumes and they have been they have been declining since 2008 but.
What they're missing is the derivatives volumes have been steadily increasing for the past ten years are up -- 19% year over year and that's reflected in our.
What I'll call the composition of -- our our trade mix as well were about 37% derivatives now so.
I think that's a portion of the market which people aren't looking -- but it's actually growing quite rapidly and significantly so all right Steve thirsty quirky going to be with -- the -- -- now created -- -- you'll be back --
