Also in this playlist...
This transcript is automatically generated
The data we're having today is no surprise the bulls out there and we have had no surprise the bears I should say we have one of them sitting next to get right -- Kathy Boyle president shape and advisors caddie would -- -- here too long ago.
You're bearish on the market then I'm guessing you.
I'll -- still are now we are we are we are this is more of by the rumor sell the news yeah you know and so IBM's numbers and you look through them.
There's a shift actually a lot of that revenue with consulting revenue.
And then if you look at the banks and so it involves running Intel's news of like semiconductors selling to more computers -- sold just that sell through was -- would seem more hardware on the -- I didn't see it and then when you look at the banks and you look at the cautionary notes raising loan loss provisions.
Worried about the consumer Wells Fargo worried about the commercial real estate.
-- couple big issues that are hanging overhead and they haven't gone away.
But I think that's a great point with IBM it's an -- service company.
You know I think it did that any revenue from hardware it almost doesn't count anymore it's all about their bookings they're servicing their contracts what do they have going on.
And unfortunately then you get -- you it's much easier to gauge what the future looks like.
And it might have these -- people thought.
Right and also where is that revenue coming from.
Who's hiring them and is it temporary higher.
Is it filling a patch are they 1099 people where this company seized a full time employees what is that revenue whereas it so.
You know solicit some of the concerns so look this market is very volatile.
Last week -- -- began town days and you know finish the week down slightly Monday start after the races with health care leading.
And and now I think we're back under where we started the week last week.
Bombed you can give me any credit earlier this morning on -- companies would -- the only one yesterday that said that this that we didn't live in a vacuum.
And that all the other day and I think -- get it really loud I get credit for.
He did for -- UniCredit percent of its funny you didn't look funny -- be unique method say that the market would necessarily be up today if brown one of I think decent and now on the so what do you make -- the election though a seminal event.
Something that OK it's good for the market but.
You know that doesn't necessarily mean a whole lot.
On now I think it does mean something because the fact that Obama traveled there.
You know she actually was supporting Hillary should he wasn't really happy to go there he went there because he had to make -- -- the fact that the president states goes and helps a local election and didn't win.
And for so many years it's been the damage control you know part of it was they were asleep at the -- the -- I also believe is an unhappiness with the current administration.
So how do you -- 2010 -- you see we have you know a little bit of a change going on.
Many will say that yesterday was a vote for capitalism.
Do you see that going -- does that make you a little bit more optimistic no I'm not I really think you know what's gonna happen is we're gonna get a lot more practice about.
-- money and being turned on the spigot -- this big hit from the government can be turned off.
It right now the report card is really bad the programs they've done have not worked look at the loan modification programs -- -- -- -- complaints only 31000.
Of them -- processed some 700 some odd thousand.
You know the problem is that there is getting sucked the programs are not working they're not achieving this still a disconnect between main street Wall Street you can.
Today dean do you take much out of today and if we end up down 200 points.
This today is they meaningful or is it just again another -- -- volatility might be -- 450 tomorrow.
Well we actually watch the S&P -- what's the future so that's our trigger.
So right now you're approaching some critical levels if it breaks it's 1127.
Real critical area 12011 when he -- -- breaks that we're going further down.
If it can hold those series and bounce up that we might have another bounce back up to 1167.
But I think the -- you have to look at your -- reward.
So if we're at 1130 let's say at the end of the day with 3540.
Points on the upside vs potentially a 150 on the downside.
You've got to examining if you're ready made money means so many thanks -- thanks -- four dollars last year.
Even if fifteen united almost made 400 for -- your money.
Look at Ford some of these cheap cheap stocks and go back and look at the volume on these cheap stocks back in August that's where they were really trading a lot of volume last year was high frequency trading.
An awful lot -- little tiny stocks people are betting on you nine dollar stock that's up forty cents he made forty cent.
For serious senate four cents to go have a penny win but talk about the volume because to me that's a big story if there it is.
Absolutely and that's been a real concern we've seen that across the board the last several months mark been stuck in the trading range.
And also remember the leading groups like you look at Goldman Sachs -- flight 93 in September it's 160 something today and it managed to get back up once every six plus we give all that back.
Look at global people are not talking a Google -- that really focus on apple Google six when he night and you know because some of the other market pundits were calling it a value with 600.
Short term and somebody put a price not a target of seven Oz on today I don't know who was but the short term then -- earning season.
You -- -- -- sell little bit right now because you'll get apple will be just like IBM school might be like IBM they beats and yet.
They had such a run in 2009 in over the last couple weeks that people just say.
I don't sell on the take and his -- Adam's apple with.
Right you know -- a lot of late money to them to the table here.
And late monies can get burned they're gonna get out past you know because they were still -- from last a lot of late money didn't get in March so you've been and if -- had a nice run if -- recouped a good portion of the losses from LA.
Take some off the table and look at the sectors that are beginning to weaken.
You know financials are beginning to lag -- is a great little indicator it's an ATF for financials look at if it breaks this you know 1460.
Range and it's going lower and we'll take the market lower the market does not -- up without -- is participating.
Leaving it out get sick sector and -- -- we saw a load of institutional buying.
In those in particular stocks Humana and then all of those kinds of stocks what -- up because of the institutions right that this institutions can trade Tracy you know they can go in and back out in a day.
Individual clients can't do that for the most part and -- should stay away from the man you know the sector we were in it in the last quarter of last year we got out right now I'm afraid when the market goes down all boats -- -- You know city detective really there's no safe place to hide if the market's going down and -- really have to look at it individually have to some had just built in.
To your portfolio or take a little -- off the table.
-- bears have to put their money somewhere as well what do you like right now anywhere oh -- where would you suggest you apply that money kind of ride this thing you know we have what we call chicken laws should we have.
We have a fund a global allocation fund it's only 55% equity so we feel like we'll have some time.
To get my head -- we'll have a tactical fund that go short the market if -- indicators so when things that are tracking the market not all the way up the market's up one they Michael point seven.
But the market falls one -- fall -- half.
So you want to look for sort of defensive names like pieces in those isn't like a Merck is it light -- Altria is it -- are you talking about defensive names like that from an equity standpoint -- though the tactical fun is actually buys accused the east fighter is and then -- -- them.
So it does things you know what indicators we are so yes the 45% -- That the global allocation fund as a black -- fun it's got 55%.
Equities -- it and the rest is bonds.
Bearish as always Kathy Boyle thank you for me.
You know that's all the it's I.
Can't we have learned every -- that we can continue to bring them on Thanksgiving and seven -- and advice.
Filter by section