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-- -- stocks are climbing up the lows of the day here and the Dow well it hit a new intra day high yesterday thanks to the Fed.
But my next guest says there is room to run he sees the Dow hitting 161000.
In the next six to twelve months.
Joining me now Ira walker I -- managing director and senior portfolio manager at UBS.
And I want her mind here is the last time you -- here August of 2011 the Dow was at 111000 we certainly come a long way since then 14100440.
To be exact as the price on the Dow but.
You say there is still still room to run and money to be made -- -- that.
We think the Dallas and significantly.
Outperform the S&P 500.
Over the next three to six months.
Of money Mets are going to be forced to buy big cap mega cap.
Liquid stocks and the train is leaving the station.
We get -- guy get into this rally right now among.
Would expressed concern because.
This market is so tied to the Federal Reserve and the wealth effect that it's created and of course he heard from the Fed yesterday they're keeping the foot firmly on the gas pedal but at some point likely the next here -- that's gonna change.
And the question of course is will markets be -- when that does happen when they take the foot off the pedal.
Well we're worried about that I mean down the road there could be of a severe correction.
When the Fed still locks to raise interest rates.
And but for the next three to six months we see the Dow at 161000 -- you're not putting any buffers in place Annie hedges in place for that time period of how right now go right now that.
Not -- all systems go right now train is leaving the station.
We are polish so we're still though.
Coming into the end of the cycle of this bull market so what would you you said big names but.
Let's break that down a little bit which appeal out of some of the big growth drivers like technology for example absolutely tech this is all a late Shays Pall -- -- Technology never does well in the later phases endorsing it today with oracle and I think we're -- and and if you look at down and -- down and down old technology stocks they're just not doing well over the last 34 months -- think tech is up 45%.
-- to date vs the other industry areas up 101112%.
So we're looking at royals industrial stocks and there's a real great story for your view is just flying -- -- As opposed to the broad market as opposed to the S&P five -- -- Name value names.
Any other risks out there I know the economy but just had Michelle Girard on saying she's feeling better about the economic data is it trickles in here a -- geopolitics.
Just roaring back to the top of the fold on the dad used papers he -- Cyprus in particular looks like that story's gonna have some legs.
What happens if Europe comes apart again it's terrible shape right now.
The markets it nor in geopolitical -- right now and so what up what's Cyprus the other day.
Ignored the Fed yesterday ignored and we've gone through many different geopolitical issues over the last twelve months in the market keeps going higher.
The reason why I was so bullish on the -- right now.
It's because of past history of the -- making higher highs in the latter phases of -- -- -- let me give you some examples.
-- 2000 -- Dow was.
Maybe new -- 11751.
The Dow made another new new -- of 14198.
A 21% creek by increase -- -- overhaul.
On the other side of the won the S&P 500 -- -- -- in 201527.
Then made the new life in October of 07.
Let me quickly OK so by the Dow how much cash is in your portfolio what percentage right now.
Who -- the set which we consider fully invested -- sure are you're really sticking to your guns right out the Blue Line in the sand they cannot tell entire rockets -- comebacks in Laura great to see things if so.
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