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Call up hey hey -- what it's been a market to bring him in Chicago I guess what does not promote solitaire and the person now so I'm calling you this might -- -- -- The reluctant bull because your bullets but you always seem reluctant about it almost as if you're disappointed that your bullets your outlook for the second half.
I'm a traitor by heart by nature by profession so I'm always looking to be in the market one way or the other so I really like it both ways.
I prefer bull markets and obviously can make a nice run and have a long run -- -- but we're sort of a decision to -- and here were -- now the Fed potentially exiting stick your foot off the accelerator.
I think we're about to see whether the markets its its we're coming to the -- Independence Day.
Can it be independent of the Fed will arrive on its own it was a result of good earnings or not I think we've.
Well let's say can I mean -- you know last week there were a couple sessions -- were -- on good news yesterday we were kind of up on good news we you know we hope we were clinging to that rally into the close.
Let's say we make that transition and you see evidence that okay.
The say the numbers 200000 better than expected.
In a mark in the market still goes up how does that change your approach.
Well again from the trader's perspective I think that good news especially fits.
Much better than expect you'll have to be bad news of the remarkable selloff on account of that because people -- -- then is definitely the end of the Fed is right.
We've we've been so that's my question -- -- -- winning that the market ever exhibits the ability to rally.
Even when it's in there when it when it's on news that puts the Fed out the picture you think that's ultimately a good sign even as a trader from a longer term perspective.
I don't I don't know that that's a good sign -- -- -- and I don't know that I would even rely on that or what the Fed is doing I think we have to now.
Strip out the Fed and assume that they're going to do what they said they're going to do which is he's off the accelerator.
And now it's up to the earnings of other companies gonna make money top on the bottom like.
-- traitor though you have to sort of focus more on the emotions of the market yes I mean it does not the fundamentals you know we okay XYZ reported forty cents.
Who cares if that is the district would look of importance that it's bad the district look over thirty days it's it's good so you really -- more focused not necessarily the fundamentals but the emotions in the market.
UBS this morning -- the market's been too emotional -- overreacted to the Fed go overweight and equities load up on him right.
Now I disagree with that totally I think that's completely incorrect advice -- think it's problematic for anybody gets in late.
Don't forget what's on the heel boot of a very long large rally and we still haven't had any kind of major correction I think to -- -- in -- here is nothing but -- yeah dangerous and foolish.
I think Citigroup saying corporate estimates for earnings in the second half up 10% something and it might be too optimistic.
Are we -- first summer rally I mean every year since 2010 we started out great and then in late spring we go negative but do you think we have a summer rally.
-- I we have the the setup for summer rally will be soon I don't know I've I've got -- actually had.
Fresh data points and I think if we get above -- in the major benchmarks and we could see a nice rally but.
If we don't I think we're in big trouble on the Dow have to get about 15100112.
S&P has to get above.
And stay there -- tried to got a brother yesterday couldn't hold it and the NASDAQ Composite have to get above.
Mets rally got a -- make -- -- So that the numbers we get through third through there on the closing bases and then we're off to the races -- Gilani and in part.
My seeing in a person --
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