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Let's get this stuff.
Today the S&P 500 passing the 17100.
Mark today we have the NASDAQ at thirteen your hot hitting the market correction.
Coming spin for at least four days as we ask that question but where the best place for investors to run -- there's lots of risk.
Barry James James advantage funds.
Having me now one year performance of the fund up with a 20% for so let's get to the correction part is there one coming and by how by how much well.
Don't know when but yes there probably is the risks we would -- -- about 70% of a 10% or more correction.
-- I again I don't know what it's come like kind and we got a 20% run up in stocks this year do you really expect another 20%.
People have gotten onto the bandwagon and -- great droves and it's all based on this one elephant in the room the Fed.
And what they're gonna do if you take away the Fed look at the fundamentals are really not very strong earnings haven't been that good.
OK so these -- the risk factors -- say the real earnings are not that good right.
What else the but what else -- -- -- -- much enthusiasm and today one gentleman I know 82 years old.
Did what the fund had done in the last twelve months and he said that's not enough.
Okay I thought I thought counter that push on your she hasn't.
Well yes people are excited about stocks they're not behaving like they are we have a lot of outflows from bond funds but that money is not -- into equity funds.
But the numbers show.
But there's still a lot of people sitting on the sidelines so.
The people were against your theory that there would be corrections say exactly that there isn't that -- trough right now in the markets.
Well that's the and you right that's why would say it's gonna topping phase we're not ready that the fall off -- the edge in any which is performed.
And when you have this much momentum in the market it does tend to continue for well.
Longest thing in life are market peaks so if you want to live a long time just wait for market -- The I thought certainly -- -- let's get to some of your picks and -- pass you pick names like Tupperware but -- let's get to the ones today at Tesoro now it's interesting that there is going for this this is of course of that a refiner name right.
It's down 12% over the past year and yet you really like it right now.
I think to sorrow is it's is positioned extremely well the United States for all of the cheap energy were producing they can make money on the spread between the price of things and and that what they then turn around so.
What we have relatively high oil -- now the highest I guess over three years and and aren't the refiners very sensitive to price shocks.
They they can be had to Sorrell has been expanding their they're based on some acquisition work which -- -- positive form was super super cheap.
-- an eight times earnings and they're the earnings are actually pretty pretty strong in spite of the fact that -- -- have been enough below.
When I say it's down 12% it's down since you pick -- back in May -- is still like it it's actually up 78 person I thought it would go up a little bit more yet but it it is since she picked it that's only been two months.
Okay let's get your next pick and that is a name that you say is a play on the baby boomer Torchmark right around for a hundred years well yeah.
I -- have -- at that.
Yeah it's not real sexy but it is in the insurance field.
And hyperventilating over Torchmark that -- us on this this chart should get people excited what -- -- up.
It's been doing extremely well earnings have been.
Been on -- terror it's not very expensive.
The insurance -- been ignored for about ten years.
In terms of the stock market not not a lot going on -- so we're seeing that and of course the whole finance area really being able to take advantage of lower interest rates.
That's health insurance but -- -- number one money maker that goes into a different kind of insurance -- Dow component right.
Right trap for travelers property in casually primarily.
Incredible earnings gains last quarter 85% increase on a company of that size.
They they're buying back.
-- -- insiders are buying the shares is not very expensive then again -- one of those -- just kind of us sitting on the sidelines but I would think it's got a lot of lot of prospect.
Four billion in assets under management when you started how much did you have.
Hundreds maybe 686.
Million -- -- eight.
Park -- good stock picking -- very James does that expert thanks for coming thank you what year was up by the way 1986 a okay it slow steady absolute don't get automatic by the traitor minutia good to see you both.
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