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Well my next guest says the economy is growing despite the government as stocks continued this record run joining us now.
Mike no regrets he's principal of Fortress Investment Group good to have you here I didn't like this market -- it just it's on Atlantic its ships -- what is driving this market.
It's -- using the they the old adage don't fight the Fed is completely at work right here at this not just the Fed the Fed is the ECB it's the BOJ.
It's a global liquidity push if you look at the underlined part of the market what's happening is you've got multiple expansion.
Growth the growth side in doing great.
It's defense -- its dividend stocks.
People are putting money to work they're doing exactly what the Fed wants -- they're taking more risk.
And and we've got a number of shorts out there pushing hard talking about a 12% unemployment in the the the euros around.
Are you talking about that this -- if you're this tiger gold bull market they have got to drop -- the only question is how much will be 20% we'll be 10%.
You know last year we had these event risks and his -- essential crazies in Europe you have the election in the US.
-- -- had this.
He'll risk in the market.
They don't exist this year we had two minor ones Italian elections in the Cyprus crisis -- -- come and gone.
They're gonna get solved and so there's not a lot of big events out there.
So what do you see for the rest of the year.
-- -- -- The bars don't coach freedom forever there will be some corrections but broadly speaking when -- take up as high as usual markets take up high as they've they put a new leg and it's like it.
I could see in the next six to twelve weeks another 10% rally and the S and AM and the associated markets.
-- the economy is growing.
-- not as fast as we'd like to tell us that we've got a drag from the government there that's known it's priced in the market.
But you've got auto sales doing fine you've got the the construction industry and that the housing industry really making come back with today.
The tech business continues to do fine and the energy do not underestimate this energy revolution.
Providing cheaper energy and jobs you put -- together to decent two and a half percent 3% growth rate which most.
People a year ago would have signed up.
For a second why would return to something else that -- fighting for and I think -- most Americans.
Probably aren't worth it but the fact is by no rugrats is.
If former wrestler himself -- well and you've made -- that your -- Russell.
Yeah all a former K after the Princeton -- but also one of the great.
Philanthropists trying to.
Get a lot of support for kids from four kids.
Across the country and they then the International Olympic Committee says are gonna take wrestling.
Out of the Olympics what's going on.
You know -- so while there's.
The decision maybe you scratch your head -- who who in God's name made this decision this is exactly one of us.
In the IOC is a big organization and they have it's small executive board there.
They ran a process.
And throughout their oldest sport in the Olympic and they did it because they -- -- twenty truly did it because they were angry at the international wrestling federation and the guy that ran for what.
Because that there that are the guy that ran the international wrestling federation.
And -- -- -- he didn't take their process seriously.
He was arrogant he he didn't give them the respect they deserve -- or every other sport.
They show up there -- hand do whatever they can they hire consultants to pitch their sport and quite frankly wrestling fell down on that site.
Now does -- warrant throwing appealed to sport in the Olympics absolutely.
Are you gonna fix -- you -- their -- -- what does it may eighteenth there'll be a meeting in Russia.
Putin has said he wants from me you know on May fifteenth right here in Grand Central station where having the Iranian national team the Russian national team in the American national team.
In Vanderbilt hall have a big wrestling match just kind of as a show some bicycle and I volley chip to raise money -- -- Are you program your New York City and also the kind of say hey if we can get together -- -- -- Russian US.
This is a pretty cool sport.
Very -- sport and and we're glad your on the right side -- -- backward thank you look like -- grass thanks for being up next the.
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