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Stocks -- back some of their morning gains although markets trying to climb back up.
Our next guest -- says they pull that.
Is -- buying opportunity says the Dow and S&P will get substantially new highs this year joining us.
Now and is riding senior economist and market strategist -- -- data coming out in Jersey City.
Share -- any more and more about this market is due for a pull back and we -- a little -- anymore that's -- -- -- -- Full blown correction here right we're talking 567%.
Yeah I mean you could you could see as much as 10% I doubt it but at the market you know it gets a little ahead of itself from time to time it faces a few disappointments.
He pulls back.
-- long term investors we're looking at the fundamental value we see more upside and we would see any pullback whether it's 57 normal law.
As a buying opportunity.
Think earnings season is gonna be the catalyst that sort of -- this thing off because expectations are pretty low right.
Expect well the pricing suggests that the market is really anticipating something pretty ugly and which is a great opportunity even if you expect mediocre news that's certainly -- to be a relief.
For what we believe is priced into the market and from time to time.
People get a little exuberant -- they get some news -- the economy really is slow so they give back the ground but tell us those that's just noise the underlying theme.
Is that this market is well priced.
You worry about the noise outside -- this country though we worried about China didn't really come to fruition now we're worrying about.
Japan and Europe now my mother says I worry too much of a issue right.
We'll have half.
We all -- -- the question is one of the likelihood it's and there are you know anything -- -- has always risks the European situation remains precarious.
The market seems to be -- braced for the Euro to dissolve as a as a common currency Euro countries to be thrown out.
You can still see a lot of trouble -- say we're not gonna see the worst of it and the market will be relieved ultimately.
And it will be able to realize it's good pricing and move up.
Yet just get rid of it already let's talk about -- -- liked -- this buying opportunity consumer discretionary is coming back up.
We think that anything cyclically sensitive will come back.
And so we like -- dispute the consumer discretionary.
We actually like financial's true because of the European situation even if it doesn't get good.
If you just avoid some of the worst fears people have back -- help financials come back.
And so we would be in the more aggressive names in the situation they have the best pricing and -- the most likely to benefit from the relief we expect the market will get.
Big you know I agree with you on that but think this really been performing break lately -- almost like there's something weird going on in the background.
Is your -- I -- there seems some.
And he's in the financial sector and a what is the European situation people are worried about this to Japanese situation whether the Japanese can really get off the ground.
And I think we've gotten some disappointing economic yes and people came into the year saying.
The economy's coming back now we're getting -- to say no it's still -- sluggish as it -- was.
It's still growing but its sluggish.
I think there's been some downward adjustment to us -- we look at the fundamental pricing this is an opportunity to go in and to go in on the more aggressive side.
And you also -- the industrials as well are you playing the natural gas and industrial revolution.
I yes there are great opportunities -- not in the commodity itself but in the drilling and in the Bryant transmission.
-- -- and I love that you said things particularly all that frightening olives well and milk then that strategy thank you so much com.
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