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Down on its way to posting a triple DG gain.
In the SP 500 back above 15100.
Which is our next guest -- and target -- so now up.
-- even go to work tomorrow Jack tablet and chief investment officer -- -- Harris private bank are you done pretty do you close up shop.
The LA that's a good idea.
-- you know there if and there wasn't an at two inches of snow on the ground admit that twenty degrees I'd say sure -- -- -- -- but might as -- coming to work.
See coming in -- work you hit your target what now do you raise your target I mean if we're doing this well in January.
Yeah I'll tell you what what we want to do is -- you know certainly gonna reassess we haven't sold.
We're watching things we may raise our target I will say the first day of the year was probably.
-- put in the last year in fact 1450 was our year end target for 2012 so we came within a day just happen this year.
So we do that -- you know throw it on -- this year bid gets -- up to around 1525.
But still fact remains were close.
So why is it that we hit so far I think a lot of it is that that market was trading at what I would call a pretty sizeable dis trust distaff discount show because -- -- -- in Washington.
Handout you know some of that progress may have erased some of that discount.
We still have though the debt ceiling in May sequester coming up it anytime soon now.
On the flip side though you even suggesting I'm gonna be some -- activity going on this coming year and of course housing looking.
Yeah I mean there'll certainly a lot of key things working for the economy right now housing wanna -- it.
Certainly in manufacturing.
Starting -- what really move and of course you have -- cheap energy that we enjoy so putting -- all together we're certainly.
You know trying to head into what would be out in -- first year of an austerity air right we are gonna see some government cutbacks.
-- -- what about running head start so I think that's a good news.
I -- that we've seen some tax increases I'd like to see.
The reports as a result of the of these new -- these new taxes in place we'll have to see how that works out.
And of course then -- sequestration which.
You know Paul Ryan and other Republicans are braced for -- going ahead tripping over itself that could amount to roughly a 3% cut in government spending.
Jack ass and I've been hearing more and more about Europe coming back on the radar screen basically got currency war going on over there -- gunship.
Well -- did in fact you know we've got Japan.
You know starting to target some inflation little more dovish on the I'm in a monetary side in the remarkable thing is.
You know over the last three months.
That the Euro has appreciated 30%.
Against the yen.
So think about you know Mercedes and and BMW competing against Lexus would now -- 30% his advantage so.
You know the ECB has been eerily quiet.
A when it comes to you know the currency in the level of the Euro and I wonder if maybe they're gonna realize that if the out -- the strong Euro would certainly helped assuage fears on the bond side.
Now starting to -- the equity side -- to Citi.
You know I got couple seconds left you said financial stocks heating up again does that mean you're buying into them.
-- so we've shifted out of high -- and into.
Into finance over the -- about a month ago.
Finance relatively cheap to its peers and start to move in the right direction and fundamentally I think you know things are starting to pick up should improve.
For the group I don't think it's not like -- that happy days here again but certainly yeah improving relative to rest of the market.
We're taking giving any day -- happen with the amount Harris private bank thank -- -- there.
They give I've got some breaking news we're getting new remarks matter the congressional plus.
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