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Fiscal cliff fickle voters big money investors are placing their bets now and there's no better place to find out what they're thinking.
That the TD Ameritrade investor conference in Dana Point, California.
Where Melissa Francis haven't covered forest Melissa your first guest says buy American.
Yeah that's right I'm joined now by Jim acog in his -- principal global investors CEO -- 276.
Billion under management.
I'm so excited to have you here good morning -- you.
Because -- sat -- that you were bullish going into earnings season and that if there was a pullback yeah.
You -- gonna use it as a buying opportunity -- investors should and that is certainly what we -- seeing today or how do you feel.
About some missing the -- -- But it's this content partly -- student because the some of the company results have been a bit disappointing that -- trusting that the -- -- -- focused on revenues of some sort of proxy for.
The economy and for the capability of companies to make.
Earnings -- been a little bit disappointing so far this earnings season.
The least only the more recent announcements.
You've also got some Spain on the difficult -- shall not in the boxing up with yields the question -- Europe's coming and unhinged again.
The two together meaning -- a set back.
And the senate -- I think should be viewed as a buying opportunity.
Really even a lot of these countries that we're seeing today their guidance looks weaker there's nothing they're laying off workers is not just rearview mirror remedy stuff.
Forward looking they're saying it's tough out there as you still think it is just it is.
Tough out there.
Although the third core -- will most likely turn out to -- The weakest for term either side of July can as the -- and about a year and a half and it may turn out that most likely turns.
For the weakest quarter of the next real forest while I save because you have a number of things going on that should actually help.
Notably the housing market looking a bit veteran parts of the country some innovation going on.
I have been -- -- -- the saying that the iPhone 5 is probably a bigger stimulus to the economy dampened QE3.
So close a good things going on as well under the -- picture is steadily improving.
So what I'm suggesting really is that you know these are volatile markets volatility unfortunately is probably the most confident thing you can expect.
So where do you see the opportunity out there on the day like today because people at home are you know.
He filled with trepidation I think when you watch a market like this don't more than 200 points and you know two out of three trading sessions -- -- -- efforts AM most people.
-- -- watching this from home.
I'm not told a printing dust really should be looking -- some of the areas that are hit worse was meant to post amid debates agreed to -- one.
I'm more volatile in the market.
And I would think that you should be looking at small -- which will continue to do quite well with the US economy.
I would thinks that.
Some areas like technology when -- -- thus far -- of the innovation is.
You know Caterpillar do if slightly done -- testament to the next few years but it's only slightly -- it.
And you have to remember also feel like cat I do yes satellite technology generalist.
I would say vote the we look that the likelihood here that is -- Companies are really must sizing expectations down them will probably do all right going forward -- right Jim acog and thank you so much.
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