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For Charles paid in here to talk a little bit about a market they could hit an all time high.
All time high and Charles was coming in here has never been in the better mood than I've seen and so far this morning and relax my goodness that's.
I love it I mean listen my side my whole thing is I've been -- tell people listen I know he would -- -- with the administration we're gonna wrong direction.
All those things are true at least in my mind but by the same token you have to -- in this market.
You have to beacons that provides -- -- would you wanna be part owner of a company called Caterpillar sure wanna you wanna be part owners are -- Kellogg McDonald's would you wanna be.
And not only that American people a lot of money.
That's why you're not -- make yourself a lot of almost every single day for the last week and a half I've had at least one -- in the top five percentage gainers.
Yesterday at 230 it would not the Tracy and and Tracy we actually I did Tempur-Pedic.
It was fun because it I think -- Tempur-Pedic as the stock your retirement reports is usually a bigger down big and are trying to explain if you do the stock.
You know understand risk so we had a lot of phone that but the bottom line is kind of going.
Back again a lot of phone calls people were confused in emails so actually so -- the cleared up.
3 o'clock buy this stock into the earnings right now.
It's a number one percentage Gainer in premarket activity.
That you have to be in the market and some people watch and they say boy I've heard this before in the market shot up in these guys get on TV and this again -- -- -- -- -- and then I get a NN the whole thing.
Falls apart -- -- we mentioned -- we show the chart that showed the all time high.
For stocks in October 2007 back when the Dow was above where it is now at 14100164.
And that obviously wouldn't have been -- time to get -- Balance that was one the month before the Great Recession began however what the stock market with -- me you know.
There's a problem 40% of people who are in the market have one stock.
Not in the market if you have one stock in turn it into a casino debate on debt.
And by the way people sold the sixty billion dollars worth of equity mutual funds and -- at February march of 2009.
At the exact bottom they took the biggest hit in the history.
When they should've been by just about buying at the top -- bottom.
It's about always try to find value in fact for me it does become more frustrating I -- -- my businesses exploding.
People coming back to the market wanna sign up to my my best service last Saturday she lost seven million in 2008 -- A -- signed up two days ago I got on the phone with them he hates the market.
But he's got -- Quantum picks equities for the last two years and -- gonna leave them he knows that they're telling them that he knows got to play the market he hates the market.
But I do understand the idea of people being like this that's -- for -- would you suggest cats positions -- depending on the risk in the market but overall.
We're all in the market.
If anybody even mcdonalds today there in the stock market of -- was wearing a -- -- there in the stock market you're watching this TV show.
You're in the stock market because you're fueling somebody else's profits so you might as -- get on the other end of it because it's not it's ridiculous not to be a part owner of these companies.
Now the other side of that I think you -- it's a moment ago and -- you know I've actually I can remember it's almost like addition of the moment having the same conversations a few years ago about how politics relate.
See you economics and also to investing in you know you your problem if you're on Varney and company today -- I watch -- -- a lot not times.
-- Stewart and others are complaining about the political environment.
And then you're upset you're able separate the -- -- how you look at investing that a lot of people.
Aren't and that's the frustrating thing from me I started -- radio show in Orange County can't -- number 1 -- station in the country.
And and bet -- march of 2009 at the exact -- And I was begging very conservative body to say guys you have to separate your disdain for Obama's policies and all -- the notion of being owner in great companies by the way.
My biggest my biggest investment PC's right now there's not even the American economy it's the global economy right.
Don't know what the Wall Street Journal's fantastic but you know what you pick up in my make excited travel leisure.
I'm reading the latest issue travel leisure and -- who had -- -- did you see the hotels and opening up there -- the four seasons in this and that.
The world -- did the world it's never been this prosperous before never in the history of mankind has the entire planet.
That's a sample of European countries and prevent the entire planet in this prosperous before.
Our companies are positioned to take full of -- -- that be.
-- in some ways it's threatening to people to regular people here in the United States because what you're talking about -- those trends actually have competition they think.
-- there does and it and it does and some of the jobs have left overseas another thing so people feel threatened by the the rising power of countries and -- other places but your point is to take advantage of that.
Well because first of all you know being threatened by being worried about it doesn't stop it right going to be quite frankly the MB that quite frankly I think the president's policies are making is that much more vulnerable.
-- and why is Europe in trouble because they established so the big welfare societies and now they're now they're now they're anchored by them.
There anchor -- the promises that they've made people that Greece said okay we'll pay fourteen months of work for twelve -- to work all of you haven't hit take two years on the -- Semester which parts of the world do you like because some of the conversation the -- -- -- jobless.
I think Jamie Dimon referred to this earlier and others have that -- the US is the best of the bad bunch.
That reference is is really comparing us I think to Europe perhaps what you're talking about what when you say that the global economies humming along Russia has a 5% unemployment right now Turkey is an amazing economy should think twice about even wanting to join the EU.
A Mexico Panama have you seen Panama City skyline duopoly deploy your socks off you tired object of Mariano Rivera when I think -- that's right but you know what look at this guy -- his start thinking about other things -- back.
A lot of gigantic quilt that it from Latin America used to go straight up to Miami hang on party and -- -- stopping in Panama -- now.
Look around the world and Africa and Africa.
The cell phone business so amazing that it's gonna be is going to be able to make Africa make the sort of economic gains that it took the west like you know -- decades to make.
In fact in the world right now the seven billion people in the world six billion cell phones and only three billion toilets.
The bottom line is that there's technology out there there's no -- out there there's the Internet there's some things at a democratizing opportunity.
And the fact is we should have a pro growth agenda here I'd I'd do -- I do worry I do think -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
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