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Friess: Stunned Election is this Close
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Friess Associates founder Foster Friess on the ongoing poll results.
- Duration 2:46
- Date Nov 6, 2012
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Friess Associates founder Foster Friess on the ongoing poll results.
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Another big Romney -- Foster freeze right now was really risen with Rick Santorum.
Then.
Graciously shoved him aside when it looked like bricks -- themselves decide.
Joins -- right now Foster what do you make of the night thus far.
Well it's it's scary it's like I want my four kids arrived as very excited about the new child being born in a new new beginning.
The same time concerned you know something might go -- in the delivery so I have that apprehension enthusiasm and I cut that missed the boat here I thought would be -- very very large win for.
Governor Romney I've met with the Harry Alford who is the president of the black national chamber of commerce.
And when he said that he voted for Barack Obama because he's black but now he's -- -- biggest mistake he ever made his life and he he thinks he's a Marxist I mean I couldn't believe that that didn't ripple through the a black business community and and really hurt.
The a large percentage of the black vote that president Obama gets and similarly.
Bill Owens had to 300742.
Pastors are lined up for on the country who -- very upset.
With his shift on the the gay marriage issue.
So I'm I'm stunned that it's it's this close and I do want to point out though -- while Wyoming 72%.
For Romney so don't forget that.
All right well that is a safe Republican state -- but I I built Foster wanna ask you a little bit as a value investor yourself and you've -- -- we got your richest.
What do you make of that market I don't know if it's it's -- -- -- this the response to this.
Futures are tumbling right now giving back almost all the -- gains in the market.
I know we can connect material but would you -- market.
Disappointment with an Obama win -- it or how would you describe.
Well in my investment career I told people never to invest in the stock market to invest an individual -- so the market.
Is such a emotional thing -- right now we have a time in the market where.
It -- determined by which stocks are good and bad and they differentiate.
It's just news coming out of Europe causes -- single up or down -- -- on the news -- what happens in the financial crisis there but in terms of the question concerning the election I don't know I don't think people are gonna be a very excited about four more years of the huge spending.
And now keep in mind -- and -- fourteen allow these Obama care things kick in so.
Darden Restaurants for example which owns red lobster and also owns olive garden.
They're gonna shift all their full time employees to thirty hours a week.
Now what does that mean to all those.
People that are trying to make a living in and now they're getting cut back so it's it's a lot of bad things gonna kick in -- Obama care that I don't think people fully realize.
All right what what's closer Foster freeze thank you sir.