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-- -- zoom in higher today in our next guest says that neither Syria nor the expected fed taper.
Let -- stop this rally ahead it might -- president and CEO of the Philadelphia trust company -- and the optimism.
-- but how come I mean we we how we did see a little blip in the market every time we got a comment -- a -- -- regarding Syria.
Well I think basically because congress is -- authorize this action it's too late too little and I think congresses have been told by their constituents that this is not something the American people want.
Therefore the president's not gonna get the authority -- going to be able to blame congress as to why he didn't act and -- that's what we're seeing in the market today.
You couple that with the fact that the GDP growth in this country -- momentum is beginning to turn it's getting much more positive.
Corporate balance -- they've continued to Whittle down debt and strengthen their balance sheets so.
Everything's in line for this market to do a lot better with what's going on the emerging markets you see money begin to come out of the emerging markets and continues to come back -- or market.
And the money is not really even begun to command the bond market get into a market most the money they came out of the bond market.
When it's a money market -- so when that money begins to come into the market then we'll get the next leg so I think we're real good shape unless there's a real big problem if we do hit Syria and Syria -- -- And Israel gets involved in the market's gonna have some problems I would use those problems is an opportunity to buy because they'll be short lived.
But I think the market is released positioned to continue to move forward through the end of the year may be in a pretty significant way.
Nikkei was on fire at when we all woke up this morning it was first time in awhile that we saw our markets react to what was going on overseas -- -- doing then again like to get out of our little bubble and start to focus on the rest of the world.
Absolutely and I think there's a lot of obviously look at what's happening with caterpillar today in a 30% a -- revenues come from China China's numbers look a little bit better.
Japan now is at the Olympics that's gonna continue to fuel Japanese growth and I think.
There are a lot of great opportunities worldwide -- buying companies American companies that -- had exposure to those foreign markets I think it's a great opportunity for that.
Before we get to your picks.
You know that interest rates probably will continue to keep going up even though fed -- brings knock -- affect the market.
It's got affect the economy don't know that's you know that's a bigger interest payments and make on -- any kind of loan you take out over the next few months.
I'm not really that much bigger in his daily historic sense Syrian people are -- moaning and groaning to have.
Interest rates on thirty year mortgages have gotten a 43 quarters I remember when they were ten my first mortgage was it ten and -- was -- really glad I was really lucky to get such a low rate.
-- -- but that means you know there -- ten year bond rates years old design and then his mind was nine so we we we're in the -- -- there is so I think a hot hot hot.
And we're just happy to get it would have had a -- -- it was a growth I was thrilled anybody would give me money back and are excellent so is stoppage I would -- that it's EMC is data -- I love that.
Fantastic data storage data enterprise space there's been a delay in building up the enterprise to the roof replacement cycle is alive and well enterprise.
The cloud is still coming on strong EMC is positioned very well in the cloud in -- and enterprise.
They're gonna continue to put up good numbers and they gonna continue to pay and raised it dividend -- -- -- That's worth holding for a very long period of time you picked a water play -- fascinated by this quarter play tell us about it.
The silence fantastic company did the knock on asylum has been talk to too -- to not since I'm one they have a lot of exposure to Europe.
But all that exposure is on for long term contracts for the maintenance repair.
And construction of water and water treatment facilities infrastructure.
All those aspects of Warner which is an important.
Component everybody's life and -- never gonna live without its tail was -- is well positioned there.
So Europe comes back zeile and they admitted that that that -- is going to be -- -- second they had a CEO who was really having trouble getting started.
As of today she left she resigned today is an interim CEO and that's gonna unlock the value -- -- It was spun off from my -- -- about two years ago and I think it's time that a lot of companies will begin to look at silent as the only pure play -- infrastructure and engineering company in May.
Look good someone else portfolio so I think there's going to be some action is -- I think you might be right PNC financial's also another picked.
Of viewers might -- of the Philadelphia trust company thank you so much -- Thanks for having -- --
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