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Well from Washington back to New York the Dow right now continued to well not get close to that 141000 mark but.
About the Dow and the S -- BC to be hitting some top technical levels.
Unable to break through joining me now I got has a -- president.
Investments Ted -- And Hank -- -- for cheap investment.
Officer and don't wanna start with you volleys were pretty bullish but there's something going on here you got the -- 1498.
We can't seem to break above and hold -- key levels.
What is going on that's holding us back.
-- lower smack dab in the middle of earnings season in the numbers have been pretty decent so far but there's still some big -- Blockbuster earnings -- yet to comment.
You know show I mean there are some negatives out there I mean -- -- still has to.
Kind of estimate how the the increase in payroll taxes are gonna affect consumers and -- yesterday GDP report which was negative but.
All in all week at the hands of financial group we've we've figured that will hit.
Another high this year for the -- -- -- to -- -- half percent away and we look bad when the mark was that al-Qaeda operatives -- the does that PE ratio of sixteen -- so right now we have a a gonna gain some momentum in 2013.
-- look let's look at those floors that Hank because I -- and a -- you're saying that you think that we can get to 1650 on the S&P by the -- in the year but same question do you overcome a -- -- up.
But not break and -- Well I think it's is just as simple as this the market is due for a -- he can't keep going up in a straight line day after day after day.
And this has to be viewed as something that's healthy a little bit of consolidation here.
-- -- Some of the access out of view well.
And so I is simply -- simply that as opposed to any specific news.
Earnings are better than expected as they have been quarter after quarter.
And and so well a lot of the big tail risks have been taken off the table.
All over the past handful of months right and the big factor is.
Be an individual investor is starting to be re interested in stocks first.
I'll probably just reactors to their spending money 55 billion dollars and inflows and equities mutual funds in the month of January -- I mean.
But they're they're back there in.
But that's -- -- to -- enough to get us through it no you mentioned earnings and GDP in the eyes of the jobless claims issues but at the same time Ted.
174 the S&P 500 -- reported 60%.
They beat estimates mean we're getting that we're getting the reports -- Oh yeah and then the reports and you know like like -- -- I -- In it can't go straight up.
You know we have that we had finished a quarter.
Go and see what comes -- -- about the new year I mean estimates have come down which it would it was a concern for the first quarter without 2013.
Net that's concerned.
But all -- all investors are gaining more confidence there is some tax certainty now so that that plays a huge role.
And how investors feel going forward you know we're we're just taken an adverse -- approach here at -- -- of financial.
And I you know we're expecting growth out of numbers segment is one of broad based when most broad based increases in -- earnings expected for 2013 we think that's a great thing.
There was sit -- had -- to do well this year.
Yeah our I hate I do you mentioned sectors that you wanna say a couple of -- -- elect elect Barbara.
You like industrial feel like industrials and of exposure.
To China -- used to cut kind of that hey let's look overseas kind of theory going on here -- Well that's right were word -- world to follow with the of the fact that emerging economies are growing two and a half times out of developed economies.
And so the industrial space is particularly suited to take advantage of of that.
And it with the respect to -- -- we are at the beginning of what we think is going to be a multi year.
All positive trend as were nearly at the end of major patent expirations and a lot of these companies have very healthy pipeline for the first time.
So we think -- farmers very undervalued despite the run that that over the past twelve months.
And it's a multiyear trend.
Alright well gentlemen.
Were closeness cigar we'll see what happens we'll keep on our viewers -- at -- thank you guys bridges and then.