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Capital in crisis Chris.
Every once and waiting with the anticipation over the most important piece of economic data and any given month.
You -- -- not a big bill.
-- -- from from the standpoint have an investor -- couldn't care less what the jobs report is that it's better than expected or some expect it's not gonna change.
What I do one bit and I think that you know most people spend way too much time talking about.
This the -- of economic data come in and less time.
Figuring out whether it should where they shouldn't be paying attention which is what there alone what they don't know what they're buying.
I guess because hopefully we connected that to say OK the more people have jobs the better the economy to better the economy the better my -- do.
But there's something wrong with that.
That -- you know it's funny.
Fox was kinda sent a driver to get me today and I was talking with him about this day -- -- every -- people get this the economy in the stock market and different things.
The stock market more than doubled since the 2009 Bynum but as the economy double the economy is as good as the stock market -- indicated isn't.
Most people would say now.
And so that's why I think that.
You don't wanna put all your focus on this -- of economic data I guess I'm more from the Peter -- school leaves to say that -- -- -- spent time you know Mac -- with ten minutes wasted.
So let's talk about what people should be doing because you that you are opportunistic I mean you are looking for opportunities to buy in and that's things that a market right.
Absolutely I mean I have a definite bearish -- I'm skeptical this whole.
The whole money printing exercise that Ben Bernanke and the Fed undertaking to keep -- -- rates low.
And to prop up stock market and I think ultimately that'll -- end badly.
But at the same time there are areas in the market that remain undervalued.
And there's an in thing opportunities so you can't completely yet -- something with the cash right Kansas leaving it bank account and -- nothing.
So -- there are some opportunities out there.
Well I mean -- -- -- a little bit here help us out take this the next step.
Not necessarily how you come up with -- but what are some of these opportunities so that maybe people watching can get it get an understanding.
I would say in the last couple years won the areas that.
I've focused on.
Is looking at financials looking at bank stocks and insurance stops.
Low low road almost secondary bank stocks are -- -- -- That's the big advantage with the OPEC accounting we don't know what's gone on behind him isn't that the reason of bad putting money in the -- When I want investment big banks I think -- actually write about them being complete black boxes and who knows what there and but there's.
Thousands of banks in the US in -- a lot of smaller banks that.
Got to the financial crisis without any problem local institutions.
Have a lot of capital and no loan problems.
And the stocks have our have come way down -- -- the thing I keep telling people is that we look at bank stocks.
It's sort of along those waves up and downing and if you look at price to book ratio is kind of key thing.
At the top in 2007 banks -- going for two or three times book.
And now it's not hard to find bank's trading at book or below book -- And so you just played a cyclical rebound at some point again banks will -- trade for two -- book I don't know when but at some point that wealth I accumulate some of those bank stocks now.
And when we get to that point and you can cash well I.
And it's very Chris you have a very interesting per perspective on things I think it's refreshing I enjoy it is not happening great yell like these regional banks as well.
Stay away from the big boys --
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