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Don't Believe the Bullish Market

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  • Description

    Tres Knippa of Kenai Capital Management weighs in on the market rally.

  • Duration 0:57
  • Date

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That's at the top of the Allah so let's bring in a -- -- -- -- from Chicago.

Penetrated -- all these bad economic news in the background but I see the Dow want to London sixty points away from an all time high.

You explain this to me.

Well listen you just simply can't fight the tape and you know what when -- wrong you're wrong and I will gladly admit the times that I am wrong.

If you told me that -- Apple was gonna pull back from 700 to 450 I would have said that the S&P had a 20% pull back -- and meanwhile the S&P has rallied even -- apple has sold off so right now you have to respect the tape but I am moving into a very very defensive posture here I just don't see how this is sustainable I just don't think that you can move up more than -- tend to maybe 1112% on the year so for now I think maybe it's time to take some chips on the table because I just don't believe the big bull story here.

Very interesting -- thank you very much indeed that's the first always -- that.

Good stuff thanks -- we'll see you again soon now every.

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