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So the question becomes is the market in pullback mode after what you saw last week or is it.
A correction on the way after all the markets were setting record after record only just a few weeks ago but.
Something else was setting a record as well -- -- semi annual big money -- professional investors.
Set up bullishness of record now in its latest survey seventy port -- 4% of money managers identified themselves as bullish.
Or very bullish about the prospects for US stocks that's an all time high for the pole.
And that poll by the way it goes back more than twenty years but Jon Huntsman -- famously bearish mutual fund manager is saying.
This is a screaming sell signal when I heard it is all excited he says it may help to judge your market moves -- -- -- magazine covers.
Take a look at this doubt chart -- the big money poll was on the magazine cover and it was making a bullish call for parents and you can see the -- shortly.
Now -- not fun.
Very bullish money guys is with me today that last week yes the market hit a rough patch with all major averages posting their largest decline this year.
Could that really mean that the rally is finally on its way to coming to an end.
What about this next guest he's got nearly four billion in assets under management he's made a lot of money being bullish where everyone was scared.
No way joining me now Deborah -- -- capital management update down.
Are you as bullish as you were a week ago and here.
-- I was feeling great until you -- did that intro -- -- We just focus on individual stocks the market is somewhat of -- side note.
But there's a lot of under currents that are going on in this market that are very interest -- That we we we -- talk about the -- cycle I think we're probably early in that but it's going to be very sporadic but at the same time you've got a lot of companies repurchasing shares.
Had they barring money at historically low rates in some cases to do it.
Balance sheet strength the S&P 500 X financials is at near record levels right now in that they have very low debt to capitalize station right now.
So in the underpinnings of the market are actually quite positive.
I'm not gonna pretend that we couldn't be in corrective mode right now.
I mean I think a lot of people have been expecting it to them what you get this correction everybody's ready to jump out a window.
So I it just seems to me -- it's very difficult for me to envision.
Too big of a pullback.
Given how many people have missed this -- -- -- finely articulated why it may be people shouldn't be too scared of matters because the actual underlying.
Bones of the -- the structure.
Look pretty good in that companies aren't as -- this thing or in the past at market tops correct okay that's set I wanna point out the two stocks you pick the last time you were here which was back in November.
And they've tended to be real winners here at Genesee & Wyoming which was one of them.
And your second pick and and I just find it so interesting because it -- of energy company up 17%.
Genesee & Wyoming up 19%.
Would you still add to the positions here -- that they beat the S&P over the past.
We we recently added to -- some energy just in the last several days on a pullback last week in the energy stocks.
And similarly with the Genesee & Wyoming the shares crossed ninety dollars a share which is a record high for the stock.
All the transports have pulled in a little bit.
This is a multi year story in the case of the Genesee & Wyoming from a recent -- was a little trip to -- -- short line railroad operator great company these guys have really just done everything right for a long period of time.
Now I want -- to name your new names rather it's more than to actually knew about finance corporation so business development company but.
Guys look at the dividend nine point 8%.
To argue glittery eyed over the dividend or is there an underlying good company story.
And they were actually also written up in Barron's over the weekend so may I hope that's not a negative as well but.
But here's a company.
That's successful BDC at a new mountain capital a very successful private equity firm run by Steve Clint ski.
Excellent pedigree and track record this a personal holding in my personal accounts I really -- but they do.
They recently raised capital to take advantage of potentially some miss priced opportunities -- credit high yield is overpriced right now the best you'll do is your coupon okay.
Bill -- court this is an oil and gas developer this is a second one again.
There's an interesting interesting number here and it's not any kind of dividend it's the fact that there's 33%.
Of this float is short it I find that interest -- and a little worrisome you do not.
It's a natural gas play.
Predominantly but they have a substantial interest in the night -- We believe that the net asset value was 30% higher than where the shares are trading at right now it's a very attractive asset and we think domestic energy plays are going to be very much in -- over the next.
Eighteen months to two years.
Dance picks and there are more are going to be up on our fox -- about -- FaceBook dot com slash Liz Claman page can you please look at that because.
He's had a good track record he looks individually names not at mr.
market in general -- -- palace say thank you so thank you lose close.
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