Also in this playlist...
This transcript is automatically generated
-- -- -- -- -- -- -- I -- the standoff over the fiscal -- preventing any major market moves especially as we're seeing today and but could -- season reapply finally get some progress -- -- did it -- down.
I mean we've said this before though.
We need a good deal not just to deal.
And -- point remember the TARP was signed Dow above 101000.
Three months later 66 and I -- a half 1600.
Bless your debt ceiling bill signed two days later it crashes with the S&P -- Simply taken -- honorable will be a disaster.
So no bill.
Can be you know in the duke and actually not be the worst case scenario but I wanna go a little further out this is that you say listen.
We know taxes are going up we know taxes going up as an associate with a obamacare and more -- likely any kind of -- ultimately comes out of this taxes are gonna go up.
Where does that leave investors in -- one thing right now public pension funds for instance.
They've almost what typically they've always been 60% cash I'm 60% stock forty -- bonds they've almost totally flipped.
Investors forty years and older have almost abandoned I mean they have let this individual stock market in droves of course they've missed -- incredible move that we had over the last few years.
But think about this guy's opinion campaign goes up to 23 point 8% but dividends 43%.
-- I think we're gonna get to a point -- believe in that in some strange -- -- stocks may be the only thing you can do that here.
It's a tried to make your money work for you I don't think the bond market gonna work certainly things like CDs and stuff like that won't work.
I think the bond market -- end of being a deep that the winner inevitable that it -- harvesting -- to get on the market.
Once once all the you know the dust has settled into your point and we'll get some roll -- framework kind of bill that everyone knows -- just you know.
Who -- easy for lack of a better.
Get back up after a appropriate nevertheless yeah me thank you got to relax.
Filter by section