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Now in my opinion this rally has been brought to you by Fed Chairman bad.
-- -- is still witness.
I'm I'm on right now I don't artist is a fed.
Federer is fuel a rally in many different ways and in this market is higher for a number of reasons and when you see the printing of money you actually see lower rates as you point out all the time correctly that also allows companies to get better profits -- -- borrowing costs are lower.
In addition -- that.
Sell stocks are just cheap based on expected earnings and use the key.
Stocks right now our about 17% below where they should be based on expected earnings.
Because interest rates are so -- stocks should be overvalued that's why say I'm -- I'm on the -- proven right on this stocks are gonna go significantly higher from here because there's nowhere else to go.
-- -- -- But but one of the things went -- cold -- -- -- beginning here where we saw the Dow was down and then it moved back up.
One point move on a Dow stock is seven points on the Dow Jones -- every stock went up one point that -- thirty stocks with -- 225.
Point move in the -- and so we have to look at every individual -- -- to repeat -- said the we're up eight to 10% mall going up 161000.
On the -- this year barring any geopolitical meant anything in Europe anything that will negatively impact earnings will that will change but right now stocks -- cheap and the -- gonna -- doubt if -- custom made that this market which is now 45 point just -- 143 as we speak.
This market is ignoring.
President Obama to you know what I'm told him exactly the presence threatened Armageddon.
We get these 2.3 percent budget cuts and they economy just -- 750000.
Markets totally -- that well it has ignored -- -- -- also stock prices should have moved up a lot more earlier -- ultimately -- -- last couple years has been held back because of this president because -- policies we're only now starting to see the real price -- -- take -- stock should've been much higher year over year but because all the negative rhetoric -- that business climate and in confusion about -- you know earnings and having very little -- stock prices -- we're only making up now what we should have been -- previously now all the naysayers and there's a lot of -- on this -- -- -- that this -- old Ben Bernanke printing money look at -- when he quit printing or hints that he's not gonna -- much more.
That's when stocks come down you agreement that temporarily then go back up.
Then they'll go back -- getting what -- there's real earnings there's real balance sheet earnings.
And 44% of the earnings of the Dow stocks but -- -- of the growth in their earnings come from outside the United States so it's not a US centric decision.
-- these companies get a lot of the growth outside the United States.
We will see printing stop at some point although I don't know when because Bernanke says only when we see unemployment 6% and that -- -- Happening now that's not have prolonged -- -- -- we might see pretty for a long long time that -- -- view is is that now that they see the market the stock market at a record high attract they seek corporate profits -- described them as really nice and strong they are real good stuff.
Boots on the ground on employment very high debt through the roof that the economy is not growing have all attract.
What -- found view is supposed to explain this to how it's like to this for a living look at my hair.
I mean I think I got gray hair because -- -- confusing because you can't it's very difficult to separate the economy from the stock market you have to do -- -- idea yet you've got to separate ideology of the president that's right separate out the economy and invest on walked.
Expected earnings always look at earnings -- interest rates are and everything else's and always well how can the economy which is always back.
-- -- really good profits for corporations and don't tell me this is all overseas that's not all -- in recession correction does not growing very fast -- on the growing at all right but it's based -- expected earnings and until we -- -- global economy I can't -- the policies of this president as you know in this administration.
But you want to make money which many of stocks.
You know -- two things video today.
You're on it I hope so and this Wednesday what's the date march 6 visit that's right you just said we're up to 161000 fairly soon straight up.
Gonna say that yeah you did.
Trying to figure much and it back to nick.
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