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Next guess says stocks remain an attractive investor option -- -- -- my -- President of the Holland balance fund which is returned over 12% so far this year hi Mike -- -- -- -- -- to -- -- give me your take on the session today it was quite a turnaround.
Some strategists they were planning to steep declines in.
Greece in Brazil.
Also people positioning ahead of the all important -- June jobs report due out Friday morning let's take we think happened.
I think most of -- -- this week will be just that there are a lot of people earned vacation this week so there's very little liquidity to the few things that are going on in you named a couple of them.
Have bigs -- -- you exaggerated moves in the market so what what's going to happen Friday is the important day.
That you just pointed out there's jobs report the market will be particularly sensitive because it has so much to do with how people perceive Ben Bernanke and that are going to move in the future.
Probably just now -- stupid but the market will -- -- there's very little liquidity so it's a better number than people suspect.
We -- -- moved to the upside and vice Versa.
-- just remind everybody tomorrow half day now for the market for an early close Thursday fourth of July marks or listen to come back for a full session.
On Friday and it seems everyone's focused now for a couple of weeks.
Really zeroing in on the Federal Reserve and the Fed's next move as far as -- stimulus what do you think happens and how do you think the markets will react.
If that number is substantially.
Lower or substantially larger than Bowden -- -- them.
Job we're talking about the cables the corn -- behind on Friday.
-- don't go tomorrow he'd be eighty people that it it it it either of the numbers is substantially stronger substantially weaker the -- haven't really exaggerated effect.
But if it's anywhere near the two I don't expect much of the movement -- okay.
Economic news also.
Aside we have earnings beginning in earnest next week as well.
How much of the focus is on the fundamentals.
Increasingly so it I was watching the program earlier in there there's so many things going on around the world the market is.
Tuned out a lot of those things Portugal came up in in in people's.
That the mine site says the last couple of days because they they're having problems it but it really didn't affect what really did the market and the economy.
Are earned the and inextricably linked right now in the earning season is to be particularly important airport in contrast.
Interesting so what is your take what is your outlook for the marketing -- your fund has performed extraordinarily well.
Vs the benchmark average is this diversified and you have a heavy weighting in fixed income in short term treasuries.
Actually and that worked out well for you with a big rally.
In -- so what's your recommendation as far as asset allocation.
Well I think for now.
Stocks remain in the investment of choice -- and the reason I say this because it a couple of things view the world economy the -- getting a little bit better.
I'm not only the US but also Japan of all places after twenty years -- of sleep.
That is starting to wake up.
China's slowing down a little bit but not enough to offset the increase in in what looks to be a good story in Japan so I think US companies particularly those -- -- have.
The global orientation.
-- really cheap right now they have big bad yields and I'm thinking about things like JPMorgan or apple.
Companies like that have big dividend return so people should take a look at those dividends are gonna go faster than inflation in the company's art and historical basis.
Still after this movie last couple years still very -- -- their earnings have gone up.
You know those did hitting companies in recent weeks were hammered because they are similar to bonds and we know what's.
Happened in the bond market with just the talk of tapering perhaps -- this -- meeting next year.
I was reading take Pimco the world's largest bond -- is seeing significant.
Redemptions right now so.
What's your advice for that side of investment.
Bond funds heard it did think the problem.
Pimco is total return and I think nine point nine billion dollar reduction over the past month.
The reason they are particularly.
And prone to 22 then is -- people because.
In if you're a two year I saw something really appealing to your bond it can make sure you get your money that if you and a bond fund and interest rates go up in prices go down.
You don't get your money back right.
So that's a problem so if people are worried about interest rates probably not -- tend to be largely in bonds.
Appreciate your take my Colin thanks for coming in tonight thankfully.
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