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Joseph Leary in his -- Friday.
Our our next guest says there's still some time left in this bullish run though believe it or not it'll optimism here in studio it's got to bite the right time it's the crucial ticket who are -- here founder of conversion coaching.
Joins us now -- -- so good to see you.
You're looking for the -- needed 15100 even in this little bit of miserable illness and a -- I -- In case there's still some more room here to run -- -- if this bull market was a football game would be in the back half for the fourth quarter and is still some.
-- left to play out in the game there's still some upside.
But we're getting real close maybe another three or four months left to make money but you gotta be careful you can't -- the top of the trading range.
We're coming in right now we had to we were were little bit overboard.
I think -- the play here is you've got to look at blue chips that's going to be the place we can still make money.
It's gotta be patient let them come -- a little bit I think you gonna be still be well rewarded for your patience and I'd like to.
Can we knew that these Q3 earnings were going to be rough but they are now proving to be that case -- of the beginning of the season until maybe it's not that bad about was set too low but this is reality setting in.
Would know the market factored that in a little bit more than -- has -- -- I think that everybody kind of has blinders on the not -- really too much about earnings -- they've got to pay some lip service think Genentech a lot of Republicans say.
All earnings don't matter this is just about the free money that Ben Bernanke's dumping into the stock market but that is the you the truth.
You've got Bernanke just printing money like crazy and it's just -- -- and all of this money to flow into the market so again.
I think what you have here is a shake out.
I think it's a buying opportunity some of the names I'd like here on a pullback -- Wal-Mart if you see at 72 -- I think you can buy that I think it's probably gonna go up into the eighties Bristol-Myers Squibb -- has almost 4% dividend yield period down 33 bucks a love the stock.
Kimberly-Clark again another very safe stock I think -- around 8485.
I like a lot I think it's gonna go at least ten points higher from here so still upside in this market.
You gotta be cautious.
As we rally up to 15100 people are gonna start really getting over exuberant and I think that's it went up you -- I think I went yeah that's what I think you know what I think and profit until we come plummeting scanners that like this hello Palestine it'll be -- it'll be grind it'll be a torturous grind and an -- again.
If let's say for instance some some good stuff happens in Europe -- you get this kind of blow off move up to 1550 so.
Yeah you -- hit I think you gotta take this one step at a time don't go on vacation think you can just -- your investments alone.
Watch them every single day think cash is not a bad option cash a lot of what is doing for you unless it's -- enough but you know what if if if this -- we get around 15100.
I'm going to start moving into cash I'm gonna start somehow -- against my positions and get -- the way I'll start raising some cash remember.
Going into cash is an investment decision doesn't have to stay in cash you know -- going to April of next year or march.
That's generally -- really rough time in the market to get a big sell off in -- come back into the blue chips again.
For me the key takeaways here is don't be afraid to -- in cash.
Also take advantage of these pullbacks are still money to be major don't let those pull -- scare you.
A lot of individual investors and wanna -- at the top -- in the the bottom.
We had clearly have a little bit of a pullback here -- -- 195 points right now.
Before you go we get ask you about global what are your thoughts on that whole mess yesterday it was just a nightmare.
But it isn't what this is the real world things happen right now being so again they handled it the best way that they they knew how to Google was a stock that -- -- they're gonna overcome this problem to have this issue -- -- ads being at a cheaper rate.
Than regular ads.
But that they're gonna they're gonna overcome and I think -- Siegel will down around its 200 day moving average he would be a buyer for a long term investor they don't 75% of that market no one is going to dislodge him any time soon.
Ticket to -- youngest vice president at Shearson Lehman.
I think this could fall very impressive and -- can thank you -- information are.
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