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Can't Biden Bernanke in Q&A mode on the Hillis gets reaction to his comments from our all star panel.
We've got -- Stockton and camp partner's back with us Fox Business contributor Charles Payne with us as well and and Charles and all the Port Elizabeth and together here kind of monitoring what he's been saying and and you have some thoughts of course and what he's not saying basically well I.
You know what -- we came back and after the first break we have another conservative.
Congressman say to him or suggest to him that.
When the Fed steps away the most stock market's going to crash.
I think this is very very important for audience understand because a lot of our audience they've made about zero.
In the last four years the Dow's up 9000 points -- the reason -- made no money in the market is because everyone keeps telling him the rally it's -- the rally at stake in Winnipeg goes away it's gonna crash so they have missed an opportunity of a lifetime.
Now it was -- because he says well you're so the charge -- so accommodation so the market basically correlate pretty well.
And Ben Bernanke answered -- so we'll watch the stock market console while Ben Bernanke -- wealthy economy.
Well he should have taken it taken a step further he should've said it's the global economy you should look at these earnings I look at an all day long as they come out.
These companies are making so much money from overseas.
It's not necessarily a reflection of America's economy and that's where -- -- gets it right.
But everyone was trying to articulate why the market's up gets it wrong.
So I think it's going to be very I find a problematic.
That people may miss out on continued opportunities because they're waiting for the next gigantic right had a -- exactly feel -- K if you look at even technically if you look at where.
Stocks laughter -- this high 2007.
Before the big long slide down a 6800.
I'd much rather be in stocks now when this economy is not on the brink of that huge along slide going down -- -- anywhere near as bad a shape as we were then.
Technically what -- the stocks in the bonds tell us.
Right well technically we're still on an uptrend and I do believe that earnings -- drive stock prices like trust that.
So that's important to note and you will obviously -- that -- if you don't follow that trend so to me it's very important to have -- some of momentum is doing.
And he can't argue with momentum -- the S&P 500 is on average the new all time high.
We can argue for a target as a that 1780 based in a previous break out for the S&P 500 over what time -- seventeen -- -- months several months of bringing -- -- 2014.
It seems very doable from a tactical standpoint why.
All right but Charles you also brought up the fact that this again a commercial -- whereas -- talking amongst ourselves about.
Issue -- -- an exodus seven trillion dollars in public debt that we added -- since the recession began but your point is we're once again approaching.
The debt ceiling we're getting -- laughing about it.
We're not talking about impact them going after -- tonight and I'm gonna talk about the fact that the debt ceiling it'll have the moves -- may fifteenth that happens but.
I think what was interesting is this pushing through Richard core -- yesterday.
Might have been the best market news that no once that was market news why is that because we have both sides had -- the nuclear option.
And the filibuster thing and all that -- of give and take because that's exactly where we're gonna -- when a debt ceiling debate comes up in my mind yesterday that might have been the best news for the stock market.
We're looking at the US national debt write down again just under seventeen trillion.
All right well okay Stockton and of course Charles -- thanks to both.
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