Also in this playlist...
This transcript is automatically generated
Back to -- the town -- -- do you think that -- are undervalued.
And that eventually will wipe out these losses and the market will go -- -- I might summarizing your position directly.
The affluent -- they need stocks right now on a valuation basis are are very undervalued.
Mean one thing that I fear you don't -- that Greece today.
I still fear a major event geo politically that's going to affect earnings.
Interest rate moves do have an impact on stocks but it's really earnings and a lot of things are going on around the world you stated earlier perfectly about China slowing down.
You know we see some news -- -- Greece today.
Europe all of those are the things that keep me up at night it's not so much interest rates creeping higher but I do believe stocks go a lot higher from here well look the Dow is now up nineteen points we've got to bring -- viewers up to speed on this -- up in 8990 points okay.
It's not much of a rebound but you think you think it's the start of something so let me ask you this.
Are you buying stalks this morning on behalf your clients.
No not I mean right now especially today we have triple witching day we have option expiration you said the -- -- the word roller coaster and that's where I'm gonna use.
We are going to be all over the place today and we have a systematic approach to our clients and investing in all because the market went down 500 some odd points you about two and a half 3% doesn't mean that's the reason we're going in and buying.
I am getting -- butt kicked on gold Stewart I have put some money in there as I told -- last time I was on.
And that's something I'm starting to look at and you know look in the bottom -- for that's a tough one McAuliffe well.
You're looking to bottom fish that you don't think we've hit the bottom yet at 1290.
Why I was very confidently at the bottom last time I was -- and -- -- -- so.
I just don't know where that is at the -- one because commodity prices aren't as liquid stock prices at some point I will continue to vile little bit and I don't -- much that by you know two -- 3% 4% in my client portfolios.
That some -- the concerns me the gold I think we have you know some deflationary worldwide pressures that are gonna keep gold prices going lower.
Com and and because of that that's the one commodity I think people are are gonna feel a lot of pain -- the longer it -- -- and in my stayed out for awhile.
Time I wish you luck managing money and a roller coaster ride but good luck yet but just right out that --
Filter by section