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Palisade Capital Management CIO Dan Veru on why investors should not run for safety despite the economic and market uncertainties.
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As President Obama -- -- wish to be a fly on the wall listen to the business and economic leaders he's going to be joined us throughout the week.
Forget about that how can you prepare your portfolio for a potential fall or potential deal -- -- -- -- -- capital management chief investment officer says.
Don't freak out don't run for safety and and you call that you said that we would see a market peak in October he saw this coming what people kind of -- but didn't think about it.
Now it's all we're hearing.
But the worst thing to do is simply run for the hills just be too scared.
Because all that's being done right now it's all rhetoric everybody's drawing a line in the sand everybody's figuring -- fatter narrow that line should be.
And that's really all that's going on right now tell us what to do with our money well I think what you want to do is to.
The opposite of what your brain tells you to do.
Don't go for safety what you want to do in an environment like this where growth is difficult to come by -- identify those growth companies that can grow regardless of what do you can economic.
Backdrops going to be because everything we're talking about slows growth in the economy.
It's the right thing it's the prudent thing to do to get our fiscal house in order but all those things are gonna keep growth somewhat tepid going into 2013.
You know two things that are helping the economy improve we've seen housing we saw well this retail sales number to look that good but retail sales have been holding up depending on the company certainly.
Got autos looking pretty good so it's not all bad news sent his -- don't run for safety give me an example of people running for safety where you say don't do that.
Pfizer is a perfect case in point where the best thing that company can say is zero to minus 2% top line growth.
What's so interesting about that -- that there's a nice dividend people feel safety it's five terrorists -- giant of the industry which he said it is Pfizer if.
It always amazes me that people feel okay losing money and Pfizer because you say it's Pfizer.
But you know if you lost money in a company that you're less familiar with there's you know screaming -- you know hand wringing that's going.
On -- it was gonna familiarize us with some of those very names he feels.
Are the places to be if not safe havens he's got a long term bullish stock picker to for you actually victory including his number one a money maker general be back with -- in just a minute.
