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Far that's -- -- the volume in the never showed up.
To -- fox -- gonna have more of that exclusive sit down with Christine Lagarde at three and 4 PM eastern today as list just told -- And you just heard from Christine Lagarde and this warning coming from the IMF.
The that warning is about fiscal and monetary policy as saying that there are still modest risk for the economy and equities.
But our next guest says with markets continue to operate under the assumption that the worst case is going to be avoided stocks will keep going higher and carry -- wealth manager president can like -- Joins us now -- it's good -- -- I know that you were listening to loses interview Alabama guard I would ask you about this you know she said quote.
This could be better this economy could be better she talked about pressures in 2014.
And she also talked about the fact that unemployment still high and then she brought up the issue of sequester.
Does any of her language today have an impact on how you view US equities how you view the US economy.
Well absolutely Cheryl I act I look at that unemployment rate as one of the issues that.
Are kind of holding back better a better market that we could we could see.
It did -- fast and it was pretty it's pretty pretty intense I'm I'm not sure I agree I -- that would serve but you know I'm not.
IBM -- -- so I don't know all that information.
But I do think that there are better days ahead -- we've got.
The debt issue is.
Our debt ceiling is going to get hyped by believe that that will be in -- -- -- in the fall we're gonna raise that debt issues.
More money will be printed because.
We don't see inflation I'm sorry -- unemployment data six point 5% are probably not gonna see that's for some time.
So they're gonna continue to print the money.
And at the bottom line manufacturing -- the big thing -- housing in the United States and here in California yours yours Sampras is getting.
It -- says incredibly.
-- aggressive ad.
Ever have -- inflation on on the house and the appreciation on -- so.
Commitment to comply with those and we've got the best.
Performing market any United States this is the last three years in the first -- -- this year.
We did -- ten year candidate limit isn't a replica of the I wanna show our viewers a -- look at about the longer term chart for the last few years and in this market from the bottom and you point this out as well -- -- clients.
Since the bottom of the market and -- -- bullish and I know Peterson you're gonna continue to go higher.
Now but the Fed.
It video all the good that no question mark I guess you would say the big question mark the last two weeks is that -- they tabled a taper it here you're just so -- about that we which is a -- into the that's a much.
Recently from analysts about that.
I'm not worried about because I -- think that you -- -- -- -- era and how they can get implant what I data six point -- they're not going to do anything drastic to.
It's eating me that they had the monetary policy so so well it might have pulled back and we should surely should have -- -- -- up.
Over what 1010%.
For the year we need athletes some pullbacks in -- -- this market and that and it I have -- bit longer term.
This thing is going to -- -- show here's the bottom line to.
Wait a 2007 we had two point seven trillion dollars in -- and a money markets and a rate was four point 9% wouldn't love that today.
We have two point seven trillion dollars in money markets at point 04%.
That's a lot of money no -- this is rocket fuel for the stock are.
OK I gotta compliment your real quick before I let -- go okay and I don't have anymore time -- -- like AT&T you picked it October bet stuck up 28% that was October 2011 you -- GE.
November of 2012 suck up 14% since -- I went to give you a couple of kudos next ten to come back we're gonna talk about a couple of stocks that you didn't do so well alliance members say that forty kept.
How big -- you can't Bob thank you very much.
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