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Chang: Get the Government Out of the Markets

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    Ace Investments chief trader Yu-Dee Chang gives his outlook for the markets.

  • Duration 3:54
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The White House a group of governors set wrapping up their meeting with the president the last -- -- there was Scott Walker of Wisconsin -- -- -- included.

Her -- of Oklahoma and on and on Jack Markoff from Delaware and others.

Talking about the kind of relation to the local governments the federal government so this fiscal cliff situation what -- -- call this thing fiscal cliff debt crisis whatever.

Our next guest is here to say the point is we need to government out of the markets and we need to get them out now.

You.

He's also in DC today what does that mean you.

Yeah half full you know good -- commodity you know the solution right so is they gotta compromise and -- off.

A cut spending cuts on entitlement increase on tax and that that's the bottom but.

But since September.

From the election now that there's little -- they're just too much in the news affecting this market.

-- the word on the street is by Boehner celery and pray Obama that's just not right got to -- the government.

How the market let the market function on his own freely.

I -- you started your comments and it's true that we know the answer and yet we could figured out I mean there are we talked about that read the top of the show I mean even though they seem so far apart you can.

You could see where the compromise could happen if they wanted to make it happen if they do you are you relatively optimistic about markets are paddy field going forward.

Yeah we think selling a steady state the key -- these days -- -- that does is funny right it's actually risks.

To both sides of market on the -- -- that doesn't accessed by there's a lot of risk.

To the upside the risk off -- The market gains so if somehow they do get a result which I personally don't think so it's gonna happen by December 31 but somehow if they do.

It's going to be a surprise to the market and the market should rally to the upside so law everybody's looking forward to what you'll get -- dog -- the question is win because.

Bad -- you're -- Munich campuses are they waits a little bit after the new year -- their name whatever is a few days a week or so they figure something out right after the new year.

Because when they do are we still kind of the best of the bunch and I know it's a rough -- in Europe this is still a -- and the house China dealing usually when -- you come on an expert on China we we I get some insight on that how -- we compared everybody else around the world.

What -- compared to The -- everybody else we're actually doing the best I mean look at China.

Just look at franchise mark here -- the market itself is actually making a low Wallace says.

Let's 2000 -- -- Chinese economy is actually not doing that while there's a lot of things going on China there there's a lot of conflict with -- neighbors it's got to work -- the economy did you party just took over the control so slot things to be figured out so comparing to the rest of the world US is actually adds best dog condition right now little we've got to get -- disposable clip and move -- Because I think that if we weren't the -- -- on the foreign policy front.

When you know or the news headlines to -- -- to -- so much about the Middle East lately that we probably will be talking a lot more about China and the transition of power and how -- -- was a deal with that and when you -- economies not to make great do you mean you know -- -- it's in jeopardy of a real.

Tough all or it's just gonna kind of hang in there.

Yeah I think you've got cash hanging in there you know you think about falling I don't know what following me thought -- satisfied.

I think it -- right -- I think it's -- -- but I don't know.

Recently I've seen some analyst coming out actually being pretty bullish on China but still if you talk to the people from the -- the business people from the factory owners.

That you understand me their economy what their outlook is really not -- bright.

Although they're probably not going to fall hard to.

So I think -- -- -- -- -- their status quo I think US again yet to US you know US needs to get its act together calls an article where where again.

Right I'll get -- figured out -- -- -- Which is just silly when you think about and I know that it's getting close now but they had so long to figure this out if we don't know the answers why we have to wait till after the here but I guess that's -- That's the world we live and -- meeting Chang thank you very much at a DC based investments good to see --

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