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Like that -- thanks nick news' chief investment officer at haven't heard and he joins us now.
-- first of all -- the market actually believes though that we're gonna come -- deal.
Oh absolutely I mean -- you get this sense that it doesn't really wanna sell off even with all this uncertainty -- both sides going back and forth.
Do we have are we talking are we not talking yet the market seems to be creeping higher here I think -- seen through.
What is traditional political rhetoric in grandstanding.
And recognizing a deal will be done.
But it you know we've said this before around here.
It's one -- to get a deal to -- -- you get a good one.
What if it's a bad deal even though sure we didn't fall over the cliff were stuck with a lot of bad decisions.
Well even at a bad deal -- one thing you can say positive believe that certainty.
Will replace uncertainty in the has been a big headwind for this economy all of this uncertainty throughout.
The second half of this year really all of all 2012.
Will be replaced with certain -- And that should unleash pent up demand and we see it in -- in construction we see it in capital spending are.
How he -- improving all those will continue to improve so it certainly replacing uncertainty is going to be a big theme in 2013.
That's not gonna take -- and they're still your -- I was just talking about Spain I mean 2013 is setting itself up.
To be the year of uncertainty think -- the year of the snake in China sort of apropos.
Well look Europe -- between us now for three years and at the margin continues to get a little bit better.
I think with the new -- government in China.
A case can be made for a pickup in growth there.
A little bit more stimulus so all of these things have been with us but the -- a little bit clearer than where -- So we think thirteen could be -- a good here economically.
Coming off of two rather sluggish years.
Let's talk about how we -- and this year then we said earlier fifteen trading days left where suddenly putting my money in preparation for all this.
Well first of all.
If we do get a significant sell off.
We know there's plenty of money on the sidelines in cash and in fixed income that should come off the sidelines and into.
Of the equity markets any pull back.
That bungee cord analogy I made.
Any type of pull -- the market should come bouncing back once this congressional ineptitude ends and and the fiscal cliff gets resolved.
And there and as far as where should go.
We believe that there is still plenty of opportunities in big dividend paying stocks.
Who have yields that are better than bond yields this is an opportunity throughout every single -- 500 sector.
Not just in your tradition very rich.
Utilities and telecommunications.
And -- think that we'll continue to be an opportunity even with -- a new tax code in 2013.
-- it Hanks and it from different thank you --
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