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Tom before we get into your -- we had -- rescue -- in sentiment.
Weaker than expected.
Just just came out okay but we see inflation finally ticking up to any of this stuff.
-- EU going forward it all worries me okay.
Because I'm not sure what's driving the consumer sentiment that could've been because congress walked out.
Two weeks ago on on Thursday night and said -- -- but somebody else do with this problem.
We could be because.
We've got -- still weakness in Europe and that that may be affecting but but overall I think that investors.
Have yet to get involved in the market.
I don't think equity managers are fully invested -- everything retail -- fully invested and I think that there's more upside I.
Because they will eventually come around to because -- claiming you're worried about march when he seventh US budget.
Deadline again that -- affecting the consumer consumers then you're saying once that's done maybe we'll eventually -- in.
Well -- I think that that affects the consumer today but I think what but the real surprise to the market is if Ryan.
Can't carve out some sort of a deal with Obama -- Paul Ryan.
And Madden and that I think that would be surprised to the market that they don't do something is not a surprise but just more of the same.
Then I think it is -- any any version of -- my outlook helped market.
To a new high yes.
So believe we have to be careful right across not just help in the market has taken market to a new all time high and what happens -- -- that I do we keep going -- picks up you do I think we.
-- on the S&P yes I think there's a good chance.
All things being equal center's purpose that we could be at 7800 by the end of the year.
Humble I'm so thrilled you're here that is terrific news blessed new year though you are worried about Japan.
Does that worry you does that play into the US markets equation.
It does but in a positive way of cat and in the reason that the positive way is that -- -- son who's the new BOJ had.
Has said publicly this week that they will do.
Anything that they can and we'll do it quickly.
In order to get deflation out of Japan and to stimulate growth.
What he said he was willing to do this not just by JGB's the traditional quantitative easing.
But also by corporate assets.
The the government has stated publicly that they want pension funds and individuals to start to rotate.
Out of yen and into other currencies and other assets.
This of the major major change.
It from where we were on December 5 what it was -- December 5 two I was there on December 6 and I hailed a hero of the stuff.
So that's why then you came with these -- PTI MX performance trust municipal bond funds that was one of your picks but the other on the Japanese side is an ultra short ETF.
Twice the inverse movement of the yen yen.
I think there's a good chance that the yen.
Get up to around 115 and wondered when the yen goes up and in terms of numerical value it's actually depreciating.
We're around 95 and a half perhaps 96 today that would be a fairly substantial move.
This that particular ETF is up 34%.
I believe since December 6 with a lot more upside -- -- -- room to go.
You are Atlanta sunshine today -- this -- -- -- thank you for being here thank -- All right well I think feeling lucky for.
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