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-- -- let's bring in our market panel now is Peter -- and George and an -- it's good to see above what George let's pick up.
From where Todd left off -- the question of whether there is a downside risks now.
You do see a pullback in fact you paint a scenario of a pullback of about ten to 15%.
Sorted and painted out force what do you see happening over the next couple weeks with a market.
Well thank you -- David hello -- what we expect to see is a continuation of the bull market that we've been experiencing.
But we well have a pullback and we believe that the Dow Jones Industrial Average will climb from 141500.
Up to 151000.
That we expected 10% pullback has -- mentioned.
On the Dow Jones Industrial Average as well as the S&P and the NASDAQ.
So we absolutely agree with taught that this is a market high and -- well be a 10% correction in the market that is a healthy.
Robust correction that happens in every great bull market.
Well -- it does Peter Kenny but it -- -- very sure that we're at the tail end of this that it's getting to be -- -- bull market do you agree with that assessment habit.
In the very very short term Liz yes I I do we're were up 10% on the year to date on the Dow.
That's an awful lot in about two and a half months would a pullback be healthy.
Welcome and looked at as an opportunity to deploy some cash into the equity space absolutely.
I don't think anybody who's been in a market for any period of time wouldn't welcome that opportunity.
-- -- of the matter is we do have another record high we've had seven and a -- It is getting a little thin in terms of volume does not -- great deal -- institutional sponsorship at these prices.
I do however think there's a fall for -- being provided for.
By various very very healthy and sustainable economic trends in terms of employment.
Retail sales things of that nature so any kind of a pullback which I do believe we'll get may be -- 5%.
Would be a very -- welcome opportunity 'cause the longer term trend is definitely higher.
OK George let me talk about a specific stock when we talked about a lot here apple because of that.
That's incredible change of fortunes in in the stock and in the company itself.
You -- think that apple is a pick and I just wondering if you buy in now or if in fact you wait for this pullback that she -- coming because.
Even if there is a pullback is apple going to be beaten down much further.
David that's a great question it could get beaten down a little further.
Absolutely we're very bullish on apple we have been for several years.
Their greatest mind -- -- investing is buy low sell high.
So you want to buy low and hopefully this is the -- entry point we expect apple to hit a three year price target.
That's in April 2016.
-- 900 dollars a share.
We call that perfectly in 08 with apple.
And we rated up.
-- it up.
As -- -- rose higher and let me just ask you short term George if you think in fact it Apple's gonna be hit along with all the other starts to this ten to 15% hit that -- -- -- Why not wait a little bit before you buy and apple it's got a little further room to go to the bottom up.
You could do that you -- hedge your position but buying half of your investment now or in the short term.
And then coupling that over the next several months with the remainder here.
Position so you -- buy it over the next quarter or two quarters and that way you'd be dollar cost averaging on your entire purchase of apple.
Therefore by buying low and if it -- allow.
Let me get to Peter -- Peter you're an equities guy we know you like equities but what else -- going forward as we see that that this may or may not last there may be an interim correction.
Where should people watching right now who might have a little bit of dry powder couple thousand dollars that they want -- all throughout the markets where should they be putting.
Look for the trades that have been confirmed repeatedly over the last 345.
These are two you know if you believe in the thesis that we have a major leg up in the market which was confirmed by the -- that our earlier today.
If you believe in that thesis and I'm a believer in it these are two pillars for any sort of sustainable move higher and healthier expansion in the economy domestically so.
Without a doubt.
Energy -- the third count high -- not large cap technology for the dividend but those price those three I I think you've got to have exposure to let me just.
-- -- -- -- to our viewers the things that have been working for the past five months just follow that trend at least for now correct yes.
Wow that's amazing that we could see -- doubling again of that of the money that they've made -- housing finance is George.
We're target a little bit about so the consumer sector and retail sectors specifically you think it's a good time to bind that Mickey d.s in the McDonald's now or again like I was talking about apple shall we wait until it comes down.
You wanna buy McDonald's you wanna buy Coca-Cola you -- -- buy the large cap blue chip names.
Right now McDonald's is trading right under a hundred dollars a share and and coking coal is trading at about 38 but -- -- -- a hundred George McDonald's that a hundred I mean it it seems a little pricey right now at a hundred should I wait for it to come down into the eighties for example.
You could you can do the same strategy as we mentioned -- as I mentioned earlier all -- -- however.
Absolutely but McDonald's has been out.
Over a 1000%.
Since 1977 this is again for a long term portion of your portfolio you wanted to invest now for the next 135.
Ten years this is a great time to enter in some of these large -- blue chip names as the economy is recovering.
And then reinvest the dividend and McDonnell pay as you on a quarterly basis same goes with Coca-Cola.
And over the long -- you'll do very well with these big blue chip names.
By the way we should emphasizes we usually try to do that inflation adjusted this looks like a new record but again inflation adjusted against what happened in 2007.
This would have to be fifteen.
900 that is about 15100 points above where it is now us to be inflation adjusted I'm just -- -- now I gotta put a little inflation doesn't here so it's still has room to grow as what I'm saying growth.
Thank you both very much Peter candy and George anti -- literacy about.
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