Also in this playlist...
This transcript is automatically generated
And our -- about on the market says it's clear investors want the riskiest -- out.
Witches equities but from developed markets joining us -- -- Davis managing director at BNP Paribas.
Good to have you here thanks for having me what a time to be in your business I mean this -- got to be a vote for you.
Well the markets and just keep going up that's all I can tell you.
You know when I look at the US when I look at.
United Kingdom when I look over Japan.
The markets have no sign of the isn't the only thing I'd caution investors -- -- just think about the downside you know when trades get to be really overcrowded.
And every one considers the trades -- -- on the exact same direction with just -- something catches us off guard so I keep that in that your back pocket.
Well first I want everybody very worried about this market because that usually -- that we're going to have.
A sufficient number of bears to give us some sort of equilibrium and at all.
Even as it further appreciate.
One thing and I'm a little curious about -- how one gets bearish here.
When you're looking at the Bank of Japan with one point four trillion in stimulus you've got -- now joining the party.
In its own.
Well conservative fashion.
In the Fed -- 85 billion dollars a month and that the system.
Who's gonna get in who's gonna get in front of that freight train.
I'll begin -- you get a -- that freight train.
And that's why you continue seeing these huge rallies mean frankly as you mentioned over and Japan if you look at the Nikkei index it's up a ton this year.
And frankly what we're seeing is huge foreign flows going into those markets.
Our economists over there are actually thinking the -- the average will go up about a thousand points of the next year because he'll start to see insurance companies and the retail putting their savings into those market.
It's and right now there has to be a premium for US equities.
There are fewer of them the issues harder being gobbled up by about.
Stock buyback plans.
We're not seeing him than the level of IPOs that would inundate the market with -- -- opportunities open up that way.
And this is it looks like -- paradigm for assured acceleration and about the time one says assured acceleration I can imagine the market.
Correcting your thoughts.
Well as -- as an options trader were always focus on volatility and -- the Vicks index frankly the fear index is what's most people call it.
Is really one of the best indicators we have because it's a forward looking indicator but it has been crushed it's been crushed its trading at -- -- And what -- telling -- says there's few people who have any fear within these markets and our look at goal.
And -- is I mean this has been an unbelievable reversal.
Is -- likely to continue this -- what we're seeing happen with commodity prices what we're seeing happen with the dollar.
Give -- -- I think -- could go down another five to 10% and ms.
Warren Buffett says what are you gonna -- -- golden there's nothing left.
Award should start examining the Berkshire Hathaway our parents can downgrade my time lord.
You're an optimist for the rest of the year absolutely I think this market is only going up possibly another fifty points -- so.
Aren't -- ridiculous we thank you for being with us but they have -- -- your right.
-- -- --
Filter by section