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Bedford Oak Advisors CEO Harvey Eisen on efforts to avoid the fiscal cliff.
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Joining me now as -- said Harvey Eisen chairman CEO of Bedford -- advisors great to have you with this what do you make -- personal all of those I mean -- delicious dividend.
Special dividends.
It's Christmas.
Why else would you expect this is the greatest thing since the invention of the holiday.
It is it is really a testament to their faith that the same type as a great expression of confidence in the company.
But it's also a great expression of no confidence in -- to happen in Washington DC it.
What do you make -- well.
It's.
Political theater I mean we went through this for years ago with -- And everybody said they got a pass that the got a pass it and guess what -- did pass and the market their base Wanda I've been to a favorite past that.
So they'll take it up to the eleventh hour and fifty ninth minute.
And they will make everybody swear -- -- mining right over a few days.
In your markets.
-- it's too strong word but moving significantly lower the markets and Asian moving war over night.
Because they -- so.
Filled with anxiety about the fiscal -- -- -- greater steps up -- about an 18 this morning.
And says you know I think everything's going to be five in the markets in favor of have a triple digit rally.
And this is crazy stuff.
Yes no I mean I mean it is incredible.
As you point that volatility in the -- numbers were joke.
Because they were totally distorted by Sandia.
Base John Boehner said he's optimistic are you kidding -- eight.
Have another during -- You know -- a very optimistic crowd very optimistic current as you correctly point out there in the -- a lot of optimism surrounding our.
You also bring back those that market freefall that -- and when the market was disappointed.
In the failure to create TARP.
What do you anticipate happening here give us your scenarios.
This is going to polite guy as I -- that I really think it's just political theater I mean the fact that these people.
-- at December 31 deadline with Christmas in the middle.
Are doing these dances so on the is out going to toys back at me you gotta be kidding in you think we do this and business we've been -- weren't paying in this thing out.
And by the way business is banging out those special dividend so that they could make.
That deadline for their investors' interest thing that government can't do the same thing for taxpayers as.
December has always been an up month in the market.
Whenever the market goes up strongly before December December is even better.
I assume we're gonna be in a trading ranges like when I -- -- the last time and before the election I think will be in a tree lines I think -- swept us I think everybody will gets here.
And I think it'll be an enormously.
Wonderful buying opportunity for stock that July if they.
-- the mark to go to animal.
At which time to -- still required to be Christmas.
-- one hope we have children.
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