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This year has been a tough one for many investors just how is next -- shaping up because Wall Street's all about tomorrow will it be heaven.
Or held for invest stickers my next guest of the Wall Street maverick.
Who doesn't work on Wall Street he says don't like your Angel wings just yet but there may be some bright spots he is ticking on finding them and giving them to you know what.
In a Fox Business exclusive live from Minneapolis hi Steve Steve -- told our good buddy.
Over at little -- nice to see you.
Well is nice to be here.
Well even though it you know it this time a year I should be on the side of the angels and we're just finding out what could happen.
In the next year if things don't go well.
Don't go well but you still are always looking for places let's first go.
To places what countries do you like right now because.
We've been telling people throughout the show quickly -- the one Asian countries Steve is putting money into -- it's not one you often hear.
That's true what were invested pretty much throughout.
Asia but one of them more interest in places in fact I'm going there and in March is Vietnam.
I think it looks like a very intriguing area there is Cindy T have that to Vietnam ETF when people might take a look at it but.
He -- -- -- chief market and it's a growth market and they have a good domestic economy.
That is important as well as what they're doing got an export basis and down.
You seal out of American companies that are building plants over there so we will attach Cuba -- little touch Vietnam.
Interest bearing down it interesting out it's just -- -- -- there also that the really risky places like Cuba that you say -- stay in Vietnam but also.
What is it aside from -- ETF do you go when you look for individual companies in which to buy.
Well yeah we do we have concentrated more and more on the Asia we think that.
Whether it's Singapore or whether it's China or Vietnam or Thailand.
We look for more stability would their current season we would get in the United States and we also look at more dynamic.
Underlying growth of the economy's so.
We have diversified there and in fact we have a couple of funds -- just specialize in.
Investing outside the United States.
Its focus of the -- you've mentioned China Canada Singapore Australia as well you mentioned some Asian countries and Vietnam is the big one let's bring it to the United States Steve.
Is your bullishness -- here in the US for US equities.
It really is it all depends what happens with the big gorilla in the room and the big -- we see it is that deficit.
And the looks like we're headed for a trillion and a half again this year in May be more.
And that's very it disconcerting for my standpoint because.
You hear Wall Street talk about a weak dollar is good for the stock market a weak dollar is a positive thing to look for.
Well weak dollar at 20% sudden decline in the dollar is jets going to shake they hack out of this market.
And that is a possibility.
Okay now this is interesting to me say if -- we get much weaker on the dollar it could shake the heck out of the market does that mean that we would then she.
Sort of on masks a lot of the equities moved down the major in the season is that why you were staying away from them.
Well we're still investment in the US backed.
Where we're diversifying by moving more outside the country in -- What we call some currency countries you mentioned a couple of them Switzerland and Singapore and China.
And I -- I just if I look at opportunity there and I don't have concerns about.
Inflation to basement.
I might as well go somewhere else for -- while Intel the US starts addressing its problem instead of piling even more spending.
But Stevie were early on gold I remember years ago you saying that you worst kind of stockpiling it since some hangar somewhere but what do you think of metals and now -- it.
Loud China -- and so like that I mean there instead of investigating dollars saved cut there.
Their purchases of US dollar securities treasury securities in half and they're using that money do -- their reserves to go.
-- -- -- Gold mines and I don't know about that I care about you what do you -- -- do you like platinum palladium some of the other metals.
I think there I think -- overdone and the upside I would be a buyer on corrections but I've been saying that how far.
About six months if that's -- we're still waiting you're looking at the clock -- -- sound nice to see here we up you have a happy holiday.
-- the best steel and have a great holiday and new -- still watching us up in Maine on Fox Business.
-- it may be I can hear it's a little difficult to get it.
We just -- the biggest bubble we've ever seen collapse here it's called the metrodome I know I mean yeah I wanted to -- I don't want parents stuck together at the moment all right we'll stay away from the -- down because we need to help these Steve thanks so much.
Irate agonized actively evil -- told of loophole -- -- group.
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