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Coming soon moving to T incompetence -- you can aren't the markets is down today.
Partly on that new push by eighty CEOs -- pressure Washington into fixing the deficit join -- in Chicago united advises.
Market strategist Scott -- Scott this message of hey Washington get your act together do you think it will lead to any tangible change.
No and I gotta give credit to Michael -- that as I mean I think he made a great point you know the congress again I mean this isn't the only year guys that we've done this the last copiers of the estate tax and whatnot.
Playing chicken with the American consumer and American taxpayer and it's really troubling.
But listen I think something is gonna get done I mean I don't think we're gonna toll go -- the fiscal -- yes there may be a couple tax increases here and there but as far as the market impact.
I think the market is looking past this -- earnings this season I think that's why we're seeing some of the recent weakness.
Yet now we're down 470 points in four trading days and then down another fifteen today god can I please have -- rally back.
Yet Dennis I'll give it here right here at least a did a couple sectors that I think a rally for your body it's XLY which is consumer discretionary.
Call me crazy but I like the consumer here especially going into what I think is gonna be a pretty strong spending Christmas holiday season.
And I also like IYR talked about are why are all year there's a lot of transactions going on.
In the real estate sector not necessarily housing or commercial industrial health care.
I like both of those sectors to go up for -- know.
Now are we face and maybe the chances of a slingshot economy that turns up no matter whether Obama or Romney wins the election the economy goes up anyway.
Yeah I think there's a good chance I made the point -- notes and everybody talks about how Obama is bad for the market.
And yes he probably step did absolutely the perfect time to be -- as far as a president with regards to stocks.
But isn't known quantity start a lot of things it -- market healthcare tad -- to -- taxes regulation and the market's done OK and also.
There's still the split congress going -- so Obama staying and -- is the worst case scenario Romney I think we'll definitely get a bigger bounce but yes you're right I think the market goes up either -- All right well said thanks very much Scott.
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