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It is a perfect I don't know hopefully the issue effort that's right -- good afternoon everybody I'm -- well and -- -- I thought I like my best April -- aren't so we have a great show today don't we we -- every day and this they would probably joking.
But we deliver new levels of comments and then -- -- Me a little less about the latest incident and that tells me think about that namely -- -- -- you guys because you really you know.
Fueled the show that we're taking a look at the markets you know there -- there positive territory after what was a pretty good march so it hopefuls can -- better than that and how bad it.
-- had a month and dial up ninety points 89 points on the Dow right now yet the April fool's rally I guess up 1% of the NASDAQ S -- -- up about.
1% as well we'll talk to Chris Cotter moment be -- economic data wasn't as bad as we thought and it's been wasting it the better than expected write -- some ways.
But we also figured -- have.
Instead of trying to clear it corny April -- feel like I'm putting a bullet for the whole -- -- actually try to be funny.
-- Paula actually waited and stated that could -- cut your hair -- -- you know you want me to either.
-- -- my hero like the coaster that moment you -- Any often I yelling -- definitely -- that obviously -- mica and I think they're not talking about the little naughty.
A sovereign wealth funds.
Well I think you know politically that's funny -- I hope and out that's fair -- body but shot -- -- Michelle Collins can do -- we brought a community.
Into the couldn't put -- in front of you and that.
So the only not a whole area.
Perhaps I'm reading about it and then -- Vinci -- -- -- -- He's going to be here with this for the first half hour so we're gonna try to Chris cutter can give us -- the news headlines and then -- enemy comments on them.
Greg this is a -- challenge right I mean it's like page one but it's different alternatives like my entire knowledge of the market stems from the -- trading places and things went on -- oranges are.
-- -- -- -- -- -- -- -- So yeah.
-- -- you'd fit right in Atlanta today.
Little -- and don't.
From continuing -- That.
You know again that's it that's all I got a little under two minutes into the film and that is sparking that there.
And this week.
I think I think anything I if you can you can write it.
The what do you brother and yeah I want to have a good news yeah.
I mean is this really not funny it's time might put a little bit of a smile on your face a result of it anyways I mean.
-- -- one eagle on at least you know everybody has arrived didn't want the delegates and have dinner with the queen and their eight hour -- really discussions.
Tomorrow -- I don't know who gets beef Wellington who gets Haggis.
For dinner tonight I think.
Looking at it locally -- Jamie -- that liberty -- well freely admit they're doing yet but they're doing a started grabbing holding litigating the importance of about pouring -- for this thing with the -- about custody.
-- -- Jamie Allen princely six course meal afterwards I had the point is a second get like eighteen courses as it was -- Asia for example.
While we hope they prefer to have a of that food because he lists that -- all of our.
-- output saliva -- now.
-- you know what we should make sure that this Secret Service news about it yeah seriously bring -- Gallagher Saran wrap for.
However now -- -- -- today with all the protests and everybody out in the streets of London right now should they be -- Haggis.
Because you can look at and you could say well we're not -- award the banks and -- awards the CEO's the banks for their performance you know we have CEOs making one dollar.
Should we reward the politicians are getting us in this -- sensible since this course is right.
I think what they -- courses and a week you know if we brought amends to I -- this -- I didn't -- the.
-- -- -- -- Right it's not working -- Haggan stuffed animal Robert race -- it's not funny that the protesters have broken into law.
-- -- -- branch of the Royal Bank of Scotland they've already done that already a couple of arrests that they they've tried to storm via Bank of England.
This all that's just happened this morning that the rest of the day today obviously we're about six hours.
Behind what's going on in London and in -- -- should be continued chaos -- a lot of economic data.
Today as well also the ADP employment index is of course the precursor to Friday's big.
Nonfarm payrolls which is the government.
Employment report so I'm 42000 private jobs lost in March that's more than expected.
And it really is not a very good omen for Friday obviously will.
Break it down a little bit more on Friday -- -- much up.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- This number back in the day it was sort of like all right all right we'll do it a couple of days and wait for the real you -- not.
-- -- come absolutely and then but did the idea that it was much worse than expected might be as segment of -- -- -- front anyway.
Ford is out with its sales breaking as we speak here which we knew we're going to be bad and they -- are down 41% forty point 9%.
Don't that's not quite as bad as we thought they were going to be I think would be to take away.
On the fourth sales that just came out house began mr.
Robert Graham of the goalies have -- -- the fox this is that -- so get to Robert.
In a moment the stock is just about unchanged two dollars 64 cents a share I'll read through -- Chris a couple of headlines on unfortunate we can talk about it via its -- but again down 41%.
Which you know is its.
There was some expectation might actually been worse than that so I guess if you -- that's good news glass half full.
That we knew they were going to be damages to haven't actually dropped as much as we thought they said they -- -- retail share in March that's Jenna talk with yesterday I did you know.
With this assumption that General Motors might go bankrupt and restless and obviously troubles -- people going to -- in the short term but still sells.
Now while the other utility if if not in March certainly in April may June to look for is the fleet sales that's where they've really been getting hammered and now this government stimulus -- culminated and now a lot of the governments are gonna start you know.
Using that money.
The bots in these cars will see that has any impact.
-- at all on their bottom line going forward -- -- he must not think it's like the consumer confidence number that we talked about yesterday everyone's finally realizing all right it is as bad.
As we as maybe -- can't beat them and we realize it until this point now don't say okay it's that bad and that's -- -- numbers are still bad.
With that the bad next month to be bad the following month and then maybe we'll start the season's -- a couple of.
It's only -- not necessarily a positive side when you see the headlines leading with news from yesterday like forward.
At it and our retail share in March delivers first fusion hybrid launch is for an -- program of course we knew about it yesterday so.
And you know we'll see what the numbers through it like you like we're saying none of these numbers are expected to be -- At game time comes as.
It's not maybe -- terrible.
Once -- up a little bit right.
As well there -- the car numbers is real quick guts at the march I estimate it factors -- it was all a little bit you mentioned -- -- positive economic news.
Oh just above forecast 36 point three was an -- to order structure or 8%.
On an eight point jump I should say production was a little bit change inventory falling.
For the fifth straight month so we have a situation here -- You combine that with the National Association of Realtors coming -- with their numbers for existing home sales are rising a seasonally adjusted two point 1%.
In February you know it's in January and February.
Every day we were giving not only bad economic news -- horrible economic news record low economic news in February it seems like in March.
This is sort of not turned around well.
It we're getting a -- now we're getting some good news -- hasn't seen a significant amount of good news on the housing front better than expected not good is it better than expected.
So it seems like if you believe that the bottom is around the corner whether it's in housing -- whatever the case may be.
You know you can make an argument for that and the fact that it's not horrible news it's better than we had in February and -- and.
It's -- not as bad as we thought kind of a -- things aren't Chris -- thank you very much -- Now that -- -- brutal job of introducing Michelle -- leave Michelle thing I can show announced they were way way Angela I'm so relaxed here at the BA contests.
This week ever write yes and did not see -- perform all around the.
I do aircraft -- also noticing my knowledge today with that about -- the -- about guys anyway -- talked -- -- about yeah awesome Monica.
Like idolized him -- because I'm not -- But anyway it's no I work I'm actually the managing editor best -- ever got TV which opened up and -- -- Firefox check it out.
Fantastic ever blog and I perform aren't sitting -- breakthrough that was very comics.
Additionally April from the comics and I work and in the meantime -- April fool's joke and apparently you know medicine was -- today so apparently he was the ultimate joke.
Yeah that's right -- -- and that look at them at all when we talk now yeah.
Give us a great show greed is good rights and the greens typically are generally birth names if -- -- -- after the show good that we talked about them actually an auspicious institutions justices.
Seriousness started talking about the business of comedy later -- while I got my -- for yeah.
What we have seen so much you wait on -- this is our overeating -- today nobody gets hurt our guests about the market.
Out what is the biggest joke on Wall Street right now.
Besides it AIG's bonus today did that GM won't file for bankruptcy remember this is a joke the Dow losing half of its values -- October 2007.
The idea that they -- when he is actually going to solve.
The world's problems that all anybody -- the world crisis.
What do you think think their biggest.
I'm gonna -- funny and world crisis because in my opinion the only woman or person who -- -- -- banks -- -- Tired of coming in here what is -- twenty minutes yeah absolutely I mean you know I don't college educated but they're admitting yeah thousands of people protest in London is -- little -- character has a -- but -- naked here how -- with storm in there with a good clear little shield and that the work that partner.
Does he -- someone.
A C a great finish to killing a solid state.
Talking about her being fat -- -- picture on the beach in the court a photo shoot that she came back with a bikini on there when certain US economy where they -- yeah how long I got to kidding.
You know when -- -- top of the tower defense.
I think the end of -- for me that's a.
Ireland and innings.
Beyond that I think he doesn't -- every -- them to have the.
What's this for tennis and art I.
I have got 8% of our viewers through the entire thing on the other -- that.
Underground confirmed that little thing that will always know what he was getting involved with today Matthew Lloyd is -- has.
-- chief investment strategist at advisors.
-- -- management and Matt it's good to see smiling which have a little bit of fun here on April -- me what can we get the markets are a little bit.
The economy still -- -- look so good day -- what do you have to smile about today.
I think there's a lot to smile about I think I think she's actually right Michelle's right the G-20 meeting -- everyone thinking that this is going to be the new Bretton Woods system is.
Quite a joke it's trying to come up with a one size fits all type of had on this whole thing in and you just can't do itself but it does a lot to smile about I think.
The economic figures though though you know not extremely positive all the really do is point to where -- I mean it just confirms -- we all know that so from here.
If if everything is out there is so dire than guess -- where is the the negative music come from it's gonna come from the smartest bear out there who can come up with the most creative thing to be negative about.
That's usually a bottom to me.
I feel a lot to smile about aren't good -- -- we're building this type of bottom in in the market so what do you tell your clients and you know our viewers that are -- you say all.
All right how I put that to work and and -- why invest on what promised to invest on the fact that things are not -- get any worse than they already are this is that we've seen the worst of it.
I think you're gonna see more headline risk you know the fundamental -- now the paranormal.
Paranoia out there the Armageddon type headlines that are out -- that still gonna come around.
In you're gonna see more of -- coming from Europe the eastern European crisis with the Russian Ruble and so forth.
The -- -- going on in Asia Japan not so much China but Japan so you're gonna see some more headline risk.
But the good thing is is that the US led this the US is about nine months ahead of everybody else on this so you still gonna see some contagion coming from this but.
The positive news is that if you look at the past times in -- it is hard to find historic measurements and as far as what we're going through but.
If you look at -- -- look it spreads let's say and in the corporate credit markets there's a lot to be bullish about -- for someone that's patient.
We're not big fans of the treasury market or cash investments.
We think there that's probably the next bubble to burst.
We -- that stuff out a little bit and look at some of the corporate credits the municipal bond areas and mortgages that.
You look at the mortgage or they announced -- gonna -- you know three cores -- a trillion dollars in mortgages will.
You know the old basic supply demand thing tell you that there's going to be a lot less supply on there so.
Those that are holding qualified good quality mortgages out there probably -- to do pretty well over the next few years so.
We might get a credit markets in general we're you know we tread softly into that makes you do your credit analysis on it.
Right over the city -- do you think it's going to be a bubble that burst and a lot of -- c'mon admit that case that the government keeps -- in the government's kind of keeps doing that right I mean there's still buying treasuries on that prevent it from bursting for.
A good while.
Well yes yeah I think we have two things that -- doing that one is that the government's gonna keep buying in and make no bones about that have a lot to do with some political ramifications we have China.
That's out there hold the trillion dollars worth of -- -- -- we're not really a big believer in your economy.
In the next you know we come on now we're gonna buy a bunch of -- dated treasuries that they tend to hold.
I think that that was shot saying hey wolf -- -- a little bit as long as you support us down the road.
I think the other thing is you have to worry about is deflation as we look at disinflation or deflationary periods they do not rebound right away.
And we look at inflation which is a huge determinant of asset prices in the in the near future.
There's not going to be inflationary issue in the short run even though everyone's talking about the -- in the situation helicopters.
Dropping cash and so forth.
It takes two to three years for that to really work itself out because its demand that really drives inflation.
And the output gap is -- and close to getting even.
Close to full capacity where you also may have inflationary issues so.
The deflationary she's gonna keep treasuries probably low for -- while we just wouldn't be long or short on right now we think there's a lot better investments to be -- And it that as they can't was severe in your notes from ad today you were missing all the different four letter acronyms that are out there in the marketplace right now -- third star for.
Or or otherwise.
Let me what what what do you think about the government's planned ways that lets take you take out of that hole for 114 letter acronym basket there what is the one at chick.
-- don't like -- what do you think is really.
-- your pessimistic about it.
I think -- in this stage -- remove more jaded on your little more cynical because.
Now a year and a half we've heard about the government intervention is the supports and so forth and and a few of Condit -- action they've they've actually gone out and purchase securities commercial paper market and so forth.
But a lot of it has been out there that they've been waiting on action and I think the markets if you look at -- we talked -- -- institutional advisors and.
And traders they're really gonna be waiting to see some kind action so even though we saw the treasury -- the Fed announced they're gonna buy.
Records -- trillion dollars in mortgages some agency paper.
And some treasuries.
I think what you're seeing right now is for the next move is to really see that happen because people have to know what these prices that they're buying its securities that.
Who -- they buying them from.
And again you know some other peripheral issues the mark to market issue is a big issue.
That we thought I was gonna get worked out really here shortly looks like that's really put off into more substantial.
Fixes are down the road so -- a huge huge issue that need to work.
-- there -- because you think that markets are rallying because seventies programs because they've been put out there or in spite as senate these programs.
I think it's what I like to -- -- theory of relativity in some ways it's a lot easier to understand and Albert Einstein's theory and a lot times more complex.
Basically right now then everything's driven off the consumer consumer confidence is is anemic it's very low.
But they're getting to a point where -- like you know what all right we realize it's bad now we're gonna go from here -- baseline here at this stage saying -- -- you know what is bad.
But what you're gonna see is if you see stabilization in the marketplace just you know where prices are dropping as much even if they they they flat line a little bit.
That's going to be you're -- is a very positive they couldn't -- -- is euphoric because of the dire.
I emotions of people are feeling right now -- that tell you baseline here and right now if you look at it asset -- equity markets in the other markets.
They tend to bottom well ahead of the jet economics just -- fine.
And I think that's what you're gonna see is we're we're creating this wall of worry that as we work through this recovery which will take time this while -- is so high that.
It once we flush out the system is going to be a lot of long term bullish signals coming from a lot of different sectors -- -- an asset classes.
-- just -- matter when they come in and you know what else we have to work through before we get there because we've been blind sided.
As you -- about a number -- I think maybe we didn't expect and this time I feel like people or are concerned about.
You know -- completely outside of their control and -- just good to go along with them overtime of the G-20.
You know what about political risk in other parts of the world that there's -- it just hypothetically political unrest in.
In in parts of Europe for example that because of the economic downturn or or other countries that.
You know what we've we saw what happened Iceland what if other countries find themselves in similar position at those things that may -- haven't happened yet we had -- protect yourself against that.
Well I think I think its interest in because you know we got complacent about risk in general.
We also got complacent about the differences in the different economies we thought hey we can go over to Asia and just invest in these.
Countries with -- with no real -- course that you know hey they're like us they wanna have a better standard of living.
-- -- I think you're -- -- like to refer to as -- engineer is that you know the continents and you know we saw as one big continent you know I put your money here and so forth.
Now during this kind of time of global slowdown.
The differences are becoming immensely in his written you know.
Big broad hi parts of water they're separating us -- economics over politics and -- for itself.
What you look at is saying okay what countries are a little bit more unstable.
I think you look at the Euro the Euro has a lot of issues right now my guess on the one size fits all just doesn't work when you're -- -- As far as monetary policy.
So that the show that with the sun setting and she's cuts and having a conversation with some of our viewers is -- and she said.
-- listens she she and that and it contributes his conversation consist ten dollars to rename.
Some of our viewers weighing in saying that -- had that much so you've had ten dollars to invest and that what would he do it is ten dollars.
I hate figure you know again depending on how risk -- you are you look at this summer rescuers are you Michelle do you like grasping how likely risk -- -- yeah I mean I played -- I got rejected from the Amazing Race from the mavericks at three I don't know I think highly Christopher.
Yeah I receive highly let's get -- that what would you say.
-- that is yet look at your risk -- -- would still look at some of the mortgage markets you know.
You do Ginnie -- they have higher you know standards of of lending to it some of the Fannie and Freddie that are going to be -- Those -- again -- not to be talking double digit returns but you're going to be talking some really good.
Spreads to -- -- some positive returns and with.
A little less risk -- treasurys.
I think she's in.
He's as the most -- -- -- -- -- dollars -- -- -- -- about.
-- of Baghdad I think I mean that's the tough question and -- like that I did not like outlined by a lot of cash but I mean if you look at that little -- -- -- are nowhere to put this a little bit of money in this market now.
I think -- -- and I TJ -- not the thought that story.
-- you look at first record and it says here on the board yeah but there is some -- like the way you got you encounter with together and he's got money.
If -- were excellent.
We had left.
I think everybody.
I think it -- -- and not enough and that's not happening I present.
Can't get there before I definitely -- thank -- haven't yet.
That some carry out credits for a hit and I don't go from there.
Well and they're glad I don't have a blog -- of them analysts didn't.
Didn't matter what question -- fire away then the word what is the biggest joke -- on Wall Street right now.
-- -- for beautiful -- seasonal thing I'm gonna do that.
But the size -- clarity voted the city this just says the size of doubt that not in the -- conversations going -- traditional yeah.
You're better than relaxing yeah a good idea yeah.
Multiple question -- That -- don't.
I think they're not -- let's go back to the well this is the -- question Matt if Matt had no idea and getting involved with that you can't get this question.
Oh wait a minute.
I was your suggestion wouldn't -- to get him.
I don't know what this incredible streak -- you guys like.
Thirty seconds by the way to email that receiver out here with.
What's the biggest -- -- Wall Street the size of AIG's bonuses.
The idea that GM won't file for bankruptcy the -- -- half its value since October of 07 for the idea that the G-20 is gonna solve the world crisis which seems to be the leader right now nobody.
But like this -- money thing.
In our -- let -- -- with all the choice is yet to choose a G-20 but I think the one that probably wasn't mentioned was.
The fact that the congressional leaders are the ones.
They're scrutinizing some of the people that they think got us into this when they should be in the other side of the table -- that would go out of both by the way you should see our viewers once we mentioned congress I mean they get.
Moye fired up about the congress view YouTube that you buy in and that that this that.
You know this this whole thing's been going on last few weeks is what kind of kind of a joke.
It's grandstanding and the thing is is that you know they've acted as our -- -- to say it doesn't matter how you got into the bathtub that's how you're gonna get out.
And I think what we look at here is.
You know again if this law hearsay I mean there's you know most for culpability who's at risk or who's had to blame for this.
You know there's multiple people you can't just you know get everyone in -- room and fix this like they did.
Back when long term -- management had its issues.
And I was -- to -- -- -- globe let me interrupt you for one minute I believe we have I'm sure Michelle -- -- this we have video of President Obama now meeting with the queen of England.
I don't think that is I think that's definitely like -- mean that the community I'm putting on a pinging isn't it I had to pick if I -- -- an answer we'll look alike can't.
And -- -- -- behind that.
-- knives and -- well look like we're looking at.
Cars now you it Abrams all of this isn't a good number of our producers do Assam had on him that he eventually they.
I think it just -- highlight the the difference between it.
And circulated at but Buckingham Palace that they are going to be the -- they will eat dinner and you like hopefully they won't incorporate Saran wrap and went into the queen.
Well chronologically it is the queen's -- hello Mike well put I'm not queen like the band like the queen man I love cool I love the queen that I love her son Prince Charles and things photos of them lately -- been traveling the globe with Camilla and deflate.
I you have to I mean I can't really describe how lawyers for guys but his face singing -- -- a leveling of but I think.
I -- other thing I mean that is -- thing if Monica.
-- just about just read that have.
And I think that from canning and heat issue that handyman Mike -- media -- -- -- -- -- -- it and thought it for an yeah go ahead and -- some of these people who -- I really I think that we would not bad for joining us much of a couple more questions fired for guidance and really came on the -- that you instances show.
Actually this just to finish up -- -- -- it's just hard to make sense of it because -- came -- a pretty good month in March.
And now we're -- -- it's kind of like where the markets -- we did the job market will be the last thing to recover in a recession and that doesn't mean a lot for.
Some of our viewers that they are great Connie came in from greed is good saying that the markets are driven by confidence and positive -- -- -- we just pretend everything's all good.
And show some confidence walk around is that there were no recession.
And maybe that plus spike the markets to be positive and meet the big question isn't -- it's seen its stock -- -- trading sideways but it's.
It's the consumer today he mentioned at -- your comments that -- still it still matters what happens the consumer no matter what the market that.
Yeah I think we probably need a group intervention with Stuart Smalley might help everybody you know that's -- make everyone's got to believe that everything is is okay.
I think -- had come to grips with us and I think the the issue is is that.
We're not gonna go back to the go go -- if you will we're gonna have a another new paradigm but we're gonna have an old paradigm we're gonna go back to more conservative.
Pragmatic spending model.
And and that ultimately is going to be far greater than it is today but it's gonna take time so I think.
And that's if you're long term investor I mean it the perfect analogy is what Warren Buffett right for Buffett was early he's the ultimate contrary great long term investor.
But even he got a little -- when he looked at some of his you know G investments Goldman Sachs.
And I think that's what it is is that I write that it's it's confidence is confidence does and it's going to be baby steps and as you see this we're already seeing the baby steps in the credit markets.
And it's gonna start passing through the consumers and that's ultimately what signs -- bottom in these markets.
And you're gonna see more headline risk -- -- see probably some more negative news but that doesn't signify any different than we already know so I think there's a lot to be bullish about if you're long term investor and maybe -- Rip Van Winkle wake up a few years later and you know you should be okay.
So you give a deposition do you think that and that's your whole thing you think there's been a bottom and here.
And this is it what I feel like I kind of necessarily but I think I think that.
There are one of the skepticism that -- meant -- -- -- you think there's a lot skepticism towards this.
-- we've seen is that a good thing or you know because investors are they just feel snake bit right but we've been.
So many times they thought the bottom with Darren hasn't been that they just -- -- -- -- believe it until it's come and gone I would think right.
Yet to -- do you look at the excess reserves although people have money at banks renowned it is they're waiting for a bottom.
And you know these you have bottom occurs and and -- -- such as head upswing in.
All the way -- like well wait for to pull back away for fullback.
But you look at -- also the other side as a secondary liquidity not seen a lot of risk capital put -- place by a lot of these large firms -- more because they're not around anymore.
So I think you're going to be looking at something that's can be done incrementally baby steps you may see.
You know two steps forward one step back type issue in this recovery and I think that's okay that's -- at flushing out the system.
-- -- gives us a long term sustainability as far as bullish grow so I think it's okay with all this the cynicism skepticism that's out there I think that.
That helps set bottom in place a little bit more.
So would you follow Latin -- that -- about that again would you say you would follow the hole by America and strategy.
I think so we're about you know six to nine months ahead.
I would look at some -- well I think all the -- countries.
You know Brazil India and China good middle classes you know again if we're looking a little bit outside the dollar.
There's a very symbiotic relation between China and United States so they they go hand in hand to a degree not as much an international diversification as you would like.
But as a whole.
Dollar denominated as far as equities go the domestic credit markets -- like.
Currency -- you probably aren't really a big fan of many currencies except for maybe the dollar -- the yen and dollar vs that Swiss franc.
And then the other issue is is when you're looking at global issues you're probably looking that just the big countries Brazil Indians.
I think that did you -- that you called the big countries like the pen in this style and I think as opposed to the brick countries he left Russia and read write for I mean yeah you -- got too because the political risks yeah.
And it did you say because it's -- today that their President Obama will be going.
I -- to -- potentially in July the last time an American president or the president was in Russia was in November of 2006 when.
President George W.
Bush was there are so it's interesting to see -- had some of those worries that -- down.
You know my parents -- -- out.
-- him -- Medvedev right that was the trip was up back when Nelson put money looked him in the eyes wasn't mad at their -- into his eyes.
Adam McKay is going to be all right -- I want to get out of somebody's car sales numbers because we talk about the top of the hour.
Give me an idea -- real quick what you think of this auto sector and how this -- gonna play out we had.
Seems like the idea a lot of the reporting -- really been pushing towards General Motors bankruptcy is that -- -- see -- ending up and you know what happens after that is foreign at a competitive advantage or disadvantage at GM emerges as a kind of a leaner and meaner company the end of the day.
Yet you reminds me a lot of what the airlines went through in the seventies and eighties you know.
And I think that's where we're going with this is that you're gonna see.
You know the markets already pricing in a bankruptcy.
They're not sure what is going to be the recovery rates on these issues because basically the government stepped in and has kind of throw in the hierarchy structure as far as recovery.
Into -- disarray.
So I think of the -- most people are in at least on the street right now probably assuming that's gonna happen with GM.
And and you know Chrysler and the Fiat -- -- you know it's hard to say I wouldn't really get much -- that.
Florida power become a little bit advantage you know they they did something along time ago about four years ago they really try to streamline manufacturing process and -- a little bit of pain that they -- And that saved them a lot of virus is a little bit of medicine back then save them a lot of pain right now.
There's some other issues I mean in this is not just the although other domestic auto manufactures this is global.
So you know other than if you're China car manufacturer.
You're facing some severe challenges but I think -- you know mostly -- us -- a little bit better.
But again it's a sector that we're not very high on in general it's got a lot to work out it's gonna take you know a few years.
Aren't I listen Matt thanks a lot to open up with us today usually the show's lead they're traveling here it's meant that.
I will be -- -- day I think that he didn't even after he's done with the civil investment would be very funny out there.
Patty -- yeah I was even out at Colorado we'll show really click here -- that we're we're getting it back the Martin to second let Texas get even weighing in your hysterical.
By the way very -- Because -- -- internationally well professionally.
Haven't seen it either I mean has it been tough to do year -- -- business.
You know -- -- don't strip.
Anymore so I mean that we don't reliant ten because the Brothers the other that's actually a group that -- certainly at the very business.
And backpack five -- -- that.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Across the country of birth of some other comedians who probably would have had more troops about this topic yeah yeah.
I don't know if you if you think -- terrific actually getting traffic however whether it's -- really well and done element that would that would put them into -- Pepperdine -- weekend for the platform -- -- average of -- -- -- viewers -- -- -- like I think racers.
Do they have to do that will be on there we have we've been fabulous -- from the blog but you know -- -- a personal level I mean.
To be honest you know I never really been paid to do stand up.
-- in my campaign -- -- like a drink which is why I have an alcohol problem.
It's not I think it's certainly does not there -- that.
I'm gonna look so great coming in intervention of the alcoholics -- so it.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- It literally.
-- -- -- -- getting that's all we got today.
We are really funny the viewers loved him and that security of messing -- everything we got -- very -- I I did I -- this really could be great -- did email Chris about the sugar daddy.
I don't have any teeth are boring.
Isn't -- hey maybe -- -- let me -- -- liberties and.
Get everything -- and I think that I assure you the economy is not affecting waxing them well let me play from the girls -- that haven't -- -- report.
You know that right there you have not gonna think because.
Ed and I we are not true I think in this studio woman out there maybe Nicole please this -- I didn't call and.
Thank you -- I think I think.
It will really talking about -- I'm -- -- -- countless didn't matter.
Yes I -- think that this is only surviving a matter what I was saying it would Michelle were the only women relate.
I in this studio and now you're doing -- that you can read the beauty business will always be booming.
Without a doubt thank you -- a big fan -- that -- then you know recession and Starbucks.
The mock up -- I -- ten points but by the match but I mean everybody on Wall Street taking a look at what's going on keeps money abroad over in London.
And now bracing for a little protest outside on.
Friday where there's going to be thousands of protesters here.
At 1 PM on the Wall Street and Broadway so I think that's a lot of folks who have lost it already talking about that that's concerning any idea just.
The the protest to create more jobs were looking at GM GM is the one laggard on the Dow Jones Industrial Average.
Given name is doing quite well today and you know we start off the downside returning to -- -- on this first day of the new quarter we obviously know.
But the first quarter would top one.
March it was a good month alone to just march right over its money losing streak -- were trying to see whether or not hope.
And me and him with the -- and -- that parents will take hold him.
Hey you tell a little bit more about Friday because that's something I hadn't heard about it that there -- actually being a protest down there that it is this supposed to beat -- like in response -- As well like in tandem with the G-20 protesters this something completely different only focus on AIG.
You know their I don't -- you get it wrong I know that there's it's it's focused on AIG -- its focus on creating jobs.
On the corner of Wall Street and Broadway at 1 PM -- you tell -- tell -- -- -- -- I might.
-- -- -- I don't wanna get it wrong about that from tactic that you -- and then you guys -- take a look at -- talk more about it certainly he had a panic you know -- -- -- for letting us know about that and pop -- -- now okay -- I don't want.
Whenever we're never going to be done with our bags or anything really are -- easy.
I'm Nicole thank you for that will put the link up for our viewers -- to check it out as well so that would be out of the back.
Doctor grace here a little bit late today because he was covering the auto sales on the fox -- is that -- the top of the hour right before number was down that 40% and not because Chris cutter.
Had to come and tell jokes which were you know you probably -- -- that doubtless better and better that I didn't have to -- have to sit -- -- but not about.
-- support no joke was it was down but not.
Quite as bad as we did and it's got out as expected having kotsay got 41% zealous enough bad but it wasn't as -- you know looking for a you know -- -- dot com looking for a drop of 48%.
Sales only got 41% as you may expect.
The SUV sales really dropping off -- -- -- 77%.
I mean if you're in the market for one.
This may be the time the -- when you see an expedition sales rate of dale 77%.
Vs a year ago.
Fleet sales down by half vs a year ago -- -- -- not selling through we know that a lot of the -- -- rental companies had tough times you doing you any.
Companies that you know employee fleets of cars.
You know outside of -- maybe police in in.
You know those types of which actually hiring yeah and incentive it's -- -- -- -- -- many people the right -- existing policy suvs down as much as they are.
You know oil was going up last at this time -- and in and it topped out of course the 750.
The barrel but I guess that just really speaks to how tough this car market is general and -- -- -- and I forget -- neither -- the activities especially the drama the expeditions -- -- -- the larger ones.
I'll assume it's another thing to jump on -- they -- that some -- the fusion hybrids they started delivering those they're fusion sedans that have been one of the better sellers -- having me it's all relative but.
Fusion did well at the escape the smallest as you -- to have doing pretty want to that you have hybrid models of that did you break down in the F 150 of course.
The pick up -- usually one of the most popular.
Vehicles in the land.
Perennially and therefore North American production by the way they dropped it by.
26000 fewer than their last forecast that they did you know that they're doing that is lower inventories don't point 7% to there.
Cutting production as they're seeing sales fall obviously we -- -- -- talked about this morning they're idling -- plant in Kansas City that makes it F 150s which is kind of surprised if you -- We wasn't -- some news every silly about half when fifties or maybe it was their report.
Last month when F 150 was still selling.
Relatively strong in all things considered second seem to -- necessarily with -- -- information.
And wanted to quantified it did talk about gaining market share for the second straight quarter so -- continuing talk about it a dwindling pie if you will.
Of the total.
World you know universe of auto sales that they have a larger slice of that of larger piece of that and that's one of the reasons.
We've seen Ford and you're not have to take government loans has been holding up better than there competitors.
In the Chrysler's and I also VW Volkswagen in they dropped 20% in case you're keeping score at home.
And not a lot of details -- -- that so far but Ford down 41% waiting for GM Chrysler later today.
The not seen any of the Asian automakers now.
Either that is as -- driving mechanics is not we can expect any great chicks so speak -- GM mentor and our crisis now in the one that -- say on the villains are jammed up forty fell 48% as well Chrysler down about 44%.
Not normally in the table suddenly it's starting to to make an appearance here -- you know on the road network we're going to be talking to one of the executives there.
They're looking for only a drop of 16% for Hyundai and they're they're the first to indicate there with this if you lose your job will -- your pain coming your payment plan back in January this.
They me think about the things we used to talk about and it.
All -- an amendment kind of nice play on price but kind of -- inequality increased the quality of their cars a lot over the last month -- attentive and as a frequent -- I've noticed that myself personally struck the Sonata and others that -- -- -- the camera and they and they kind of made a run at Toyota which in their market and you may -- they do with the in the domestic market here or against the big not -- Big Three as the clearly different down 37% he signed a 41% Honda -- 40% so.
You -- -- for competitive in there with the with the drop.
And they again gaining share but still.
You know it we're talking about decreases are a couple things here with did you talk MacArthur you want but there's.
The coldest since the details -- protests have probably got are you put the Lincoln good enough because we we had given all the details on with this march that's planned April 3.
Wall Street AIG's part of a bail out people not banks protests so it gets the protesters are gonna come here in New York to some extent.
Quick look -- something of a larger point and it wanted to mention earlier a little bit is that.
That was emailing our friend Ashley Webster school -- in London today.
We had all these protesters obviously that were gathered in and you know.
The sum of the parts that got out of hand right it's interesting how things are handled differently in different cities but it's tough to comment on Monica -- out there so it.
Well I mean I'm missing here in New York we we tend to -- -- or the NYPD tends to.
-- overwhelm the protesters with sheer numbers.
I remember for example when the World Economic Forum came here -- New York after nine elevenths.
There was -- -- -- obviously be huge protests since I've -- streets and coverage and you went out there and they were so many more and part of this is because the protesters.
A lot of -- and overseas and some maybe did make the trip here didn't show office strongly they have here for -- G-20 meeting.
But there was such a strong presence of NYPD.
Not doing anything necessarily but is there right here -- you know heavily -- did the whole thing and just making their presence -- that the protesters and they and they keep the -- in a box literally meaning they really -- -- the -- area and didn't let anything get out of hand -- and in other cities Seattle some years back right and in London maybe that's -- too early to -- in London this time there -- -- incidences this morning but.
You know probably handle things a little bit differently you know -- Indo -- aggressively but there it.
This forever conveying a message -- you can do your peaceful protest here.
Things are not gonna get out of hand that's why we're here because -- good -- protecting you know that the merchants -- we heard -- -- mentioning Starbucks the other.
-- it has done there some high end retail shops as we know open up.
Right outside the NYSE there a lot more people start box I was well against Seattle -- yeah it windows yeah exactly -- at this point you know like a Scotland which is that Islam.
You know a good question because any a yes I had a great comment on Twitter earlier today because he said I you know kind of like language pack again when the loyal fan obviously.
It's kind of like when the diver into the baseball fields and he then -- have to stop gaming get the stacked field right.
Never gets on TV was -- with yet that the guy in the field never gets put on things that -- -- so -- -- happened a couple of different story out of their -- data.
-- yes and never put the data room -- that detract from Bosnia as a show us this a shot Thursday asking whether and you know the question from our point of view is how much of this.
To show what's newsworthy what's not.
-- our viewers that's I want to make the points to bring in our viewers on this because a lot of it has out there have not been happy with with the government.
Is doing but there's a big difference between being happy and protesting and being angry well so that.
Also this this big difference between a kind of a rational argument in protest in vs some of what does not solve it and some people have very good reason for processing I'm sure that.
He also get some of these guys I was -- -- -- these clouds literally -- -- people dressed up like clubs in or some people -- and you know face paint on Gary says protesting in Arabic and analyze and while they do an astronaut -- that -- -- -- you know they're used to it because they've had to put some events on like this over the years and that is true that the a lot of these anti globalization protesters are our life so -- like how -- the private we've.
Got so many groups there age they can -- get -- and always honest because it's like it's a unified front we're protesting against.
This there you know 1020 little sub.
It rained it actually ticked off a number of them this morning yeah you whether it's antiglobalization -- against the banks that and there are a lot of these other fringe groups are protesting at.
Ai is weighing in -- if -- -- the protesters really aren't focusing on economic issues as much of the Middle East then you have obfuscating nations at the Hank.
These protestors to actually go out and get jobs still looks like fears that a lot of different you know like you -- a lot different -- facets to this and it's hard because there is alive displaced emotion I think they could agree on that displaced emotion.
Lisa lack of confidence as well on that always plays -- the economy if artist protesters went out there and start shopping.
You know started -- businesses.
Threatening any day I may -- some MR -- the protest business and there are professional for example that's the point messes them what these people do and they organize what which is I -- -- advocating for costs that.
Yeah this idea that all this anger came -- they protest anything they've been protesting capitalism for years dressed up as you know whatever the case because it's just fun and you know with the puppets and and coupons should bodies -- -- you know.
That -- transition.
I got your batch of on.
And off whether I Twitter at would you tell you she does have a good time out there you indoctrination by making him the silent treatment right caught on high end I am removing you from my Twitter -- goods.
There you go sergeant on my -- the market's looking I about -- -- unity government you wanna talk about the Blackberry -- yeah.
I mean that's all I'm doing today really that's all I'm doing today is like figuring out how to Blackberry application store is -- parity put it.
On my Blackberry the first time I try to download an application it didn't work but I got my free applications on there Connell just so you know you can get Guitar Hero yet -- in 99 beacon downloading it completely.
Yeah -- I mean I don't like you know I don't like to ask you -- you product reviews on the but tell us about about it a little bit like what's it.
And he used apple the App Store from apple and I I I don't I have found.
-- I don't have an iPhone and my sister -- -- right and seen how she uses it took a very very very easy so you -- and a certain URLs he got a Blackberry -- -- you can get a -- -- it takes literally like 62 and from there you get an air -- very applications -- dammit.
Either for free or for -- are there a number of costly applications on -- including Guitar Hero isn't as expensive one about 1199.
Just to -- that at a planning plenty of free ones in -- click on the first time I did it it didn't work for me I got a busy signal and the second at their time I try to work.
Get it to work it work and so I've now got free applications on my Blackberry seems to be very very fluent seems to be we're waiting and waiting waiting -- I mean you -- it.
I -- -- know until it happens and worked Larry I don't know if they have put.
-- -- I see people are really.
I think you know and could you -- eagle -- from there I well I.
Hey if I -- reflect a question and even though I haven't reflected in.
And here's here's how I know a lot 1000 applications are going to be added every single -- so.
You have -- and keep going.
Acting and refresh your.
-- so there's that Research in Motion in -- 5% because at that and NASDAQ as you can see behind me.
Up about a percent a couple of other things and following sun micro assistant remember we've talked a lot about this company.
Could be a potential target for IBM that we haven't gotten -- deal out.
Or any deal terms out Sun Microsystems is up 7% it's -- link up 15100 workers as part of an overall restructuring process.
And that stock is doing well today.
On the flip side actually I got sent me semiconductors -- -- semiconductor rally today ON Semiconductor.
-- the biggest leaders today again up 7%.
Island nice healthy gains in a couple of different areas.
UBS upgraded it saying -- seeing improved demand in China.
The -- should over perform over the next couple quarters and then we got some downside on that some Biotech.
Should not real quick I I just it just to survive just -- -- our viewers are saying and and as someone wrote in -- is kind of cute contribute the conversation we -- have Bob in Nebraska say he's excited for the Palm Pre.
This Michael -- had an interest in writing in the is a lot about that apple and the iPhone what they're going to be -- -- the next kind of generation that.
You're having a Blackberry App Store Google's in the game now and then palm getting back -- at -- I remember I interviewed this CEO Ed Colligan earlier this year and they were real excited at the time.
Now I think there's an article written recently somewhere that you know a lot of tough environment be launching something like this when your whole cup Basra.
Well you know it's interesting that you know I've been following a lot of what the technology companies have been doing for April Fool's Day a lot of them have been linked notes.
And -- and an announcement that they have an announcement coming up.
A lot of people didn't know look this was an April -- Joker actually was a real announced that.
And in fact -- is going to be making some announcement related.
To the prom -- and that's one of the reasons the stock that this is the hail Mary pass this company haven't had a great time.
With its -- this is going to be the newest and coolest thing on the Smartphone market so there's a lot of excitement about this -- shares if you owned it.
When it does Pont shares -- would -- -- nice appreciation -- and 2930%.
Or something and it's all because.
It's -- and look Harrison thank.
We all cannot live without -- Smartphones it's that they aren't going anywhere now.
Why I ran out on this thing now I mean and and you know pompous and a lot of -- -- -- have Smartphones right by barrier the iPhone whatever the case can be so that if this doesn't work -- You know but a lot in fairness I've talked this Matalin and I didn't do mention that -- an interview at CES the analysts law.
In general that -- -- matter that doesn't always translate -- into real people buying products and and you know especially switching from one product to another but they're they're relying on people who don't have -- I guess there are a lot of people -- -- like us that don't have the -- yet but maybe we'll get in the game.
A lot of people out there also they didn't necessarily have that they don't necessarily.
Carried the Blackberry.
A lot of people get -- from their work they have -- products.
From their work I know when at one of my old employer -- they were getting patriots' marketing Blackberry so.
There's certainly is that corporate market still there for for that's interesting and Terry wants tomorrow's -- to be wet -- did you -- how.
I don't know anything Twitter about it would get people to get to bodies Twitter which -- -- Bonnie Joshi.
And -- -- to put you is to -- would you email meanwhile on the fly me I think that's why it's nothing exciting on you -- this is -- -- little mystery.
-- -- -- -- You know it's just that watching.
Thank you -- authorities and apparently got in trouble and Robertson of great Carolina -- which is unrelated to -- anyway I am now for the last few minutes of the show today.
We're actually trying to get serious it's been very tough unfortunate I think -- consultants and -- doesn't this thing is G-20 protests we're gonna talk now.
We're gonna talk about retirement and financial planning with a specials in an area Gail Buckner who has weekly column on.
-- this -- dot com.
Which is great to have on foxbusiness.com.
On bring some nice I could see you so you know I think this is a good topic for credit I know -- topic but -- -- it's a good topic for our viewers because.
You know people write -- with these types of questions all the time and and -- -- and -- one of the real serious issues right that's come out of this financial crisis.
Is retirement and what people are gonna do people do you -- people -- real scared a lot of people are just really let myself my.
Actually because if if you retired in 2008.
And saw your portfolio your -- day decimated.
You know and your question is what I do Natalie back to work to actually take I can't take out as much as I thought I could -- how to -- make -- that income.
Do I -- Michigan of living you know what I do going forward with my -- and allegations.
It's really affect the labor market that you think a lot of women how that the baby -- staying in the workplace and there until and that's another edition the last event and people coming out of school and how they all fit into -- have been what a dynamic it is because people wanna stay and work longer -- -- feel like they have.
What you know -- So working longer and the fact there was a study done that showed if you can just work two years longer can do tremendous things in terms.
You're hearing from their retirement it's two more years that you're not taking money out of your portfolio -- reducing that.
It's truly -- for your portfolio of us to grow.
It's -- -- -- you probably have health insurance that is kind of my -- as opposed to something that's coming out of your pocket so.
If if the worst alternative is to work a couple of years longer.
You know that may not be such a bad thing.
Look at these economic times definitely make us no matter what ever your age is kind of freak out about your finances and how to act how to plan accordingly -- -- and it's hard because really it depends on your personal circumstance you own homes and not.
That -- all you are older you have children at -- And taking -- side is there one thing that stands out to you kind of on as a watching his Martin's he'd been involved in the market for a long time that this is -- repeated mistakes that people make him that white.
Yes and I think the biggest mistake people make is to panic if you're talking about and then go to cash.
You know and things like putting everything your savings -- -- -- savings account or treasury bills were CDs.
Because what happens is you know you've got to have growth -- -- -- retired and we're going to be retired for about thirty years probably -- You inflation's going to be an issue used to -- growth in your retirement asset.
-- yours your age and setting aside money for retirement you definitely need that that mistake to -- -- can't afford to be out of the stock market.
Added fortunately like to work with a colleague who said -- rings a bell on Wall Street when the market's gonna recover stocks tend to move in short unpredictable burst.
If you're not in the market at that time you miss those gains no matter what rights if you're on the sidelines that's a mistake.
Earlier it's a challenge that is some people feel like that's a sales pitch from Wall Street to some extent now right there -- -- this change this thing.
Although it would look you know buy and hold strategy for example now that a lot of people say well listen that's gotten me killed over the last decade I bought -- hold and I held and they went down and I'm in trouble and you know the fact that it -- -- let's just stay in the market.
You know what you get to be a little smarter and when you get in and when you get out what do you make of that.
That there were some you probably -- high school colonel at the time but I remember where.
About fifteen years ago there were some very Smart people on Wall Street who got paid big salaries you know not.
They had figured out that that you know the formula that could tell you what would be the time to get -- and get out.
And you got to hear those names today.
The market is smarter than any individual or any formula.
You're still believe that's the question is yeah a 100% of your money in stocks but what people you know don't look at is.
For example if you -- if your concern about the in the stock market then look at dividend paying stocks because their pay dividends sort of had to wait.
-- all the -- until the market recovers.
If you just look at -- stock prices have been over the ten years now maybe you you haven't come out ahead but if you look at the income that maybe dividend stocks page you.
Over that time and if you reinvested that and certainly have more shares today.
In those mutual fund say then you did back in 2000 and when it comes to paying dividends and interest.
And capital gains but people don't understand is mutual funds pay you.
Based on how many shares you own and not what the value of -- -- And also the idea real quick on the -- what you brought -- going into cash and as it's a bad idea -- sometimes for people to.
To have less invest in the stock market and and put too much in cash what about during a financial crisis where -- really really unsure cant you see that argument.
That somebody wanted to -- -- back in the fall -- last -- said you know what I have no idea what's gonna happen here for the next year let me just.
Have some cash on this and at least its cash.
I have no problem with having some cash I have a problem going a 100% -- -- you miss the opportunities.
The Phillies from one sabathia and did you -- some of our viewers -- weighing in now about.
Just how tragic it is it for this this generation of people that are near retirement age at retirement age or in retirement.
A block from Nebraska seen in this this whole recession should never happen really.
Questions do happen I think I I think we get lulled into complacency think that.
Markets fill in the Lott presided can't have argued that the difference that this line is that it keeps on saying this is -- time we've never seen before this is an consequences -- never seen before this is and you know unlike anything but the Great Depression so it seems like all of lost.
If you wanted -- the Great Depression still but if you want retirement age of -- in -- It -- everything must be blocked happy your portfolio rain and he had he even go about rebuilding some of that well what.
The first thing that I would tell bottom Nebraska is don't go all the cash.
Look at your portfolio in terms of the number of shares fuel and fuel mutual funds hopefully -- reinvesting -- buying more shares and accumulating faster.
Whether market does eventually recover and I can't tell you when that's got to happen.
Having more shares of whether it's a mutual funds or individual stocks is -- mean that your portfolio gets an extra boost when the market does recover.
And if you haven't started Social Security yet because you know that the longer you wait to start Social Security.
The higher your benefit is well.
-- -- market like this I would start Social Security today because that's another maybe a couple of thousand dollars a month you don't have to -- -- your portfolio.
You can read those assets in there to recover when the market does eventually recover.
-- -- what about changes that have been made now recently that people that do what what should people know about in terms what's going on the diaries for example.
And and different kinds of regulatory changes that are taking place that people you know may not -- paid attention to it and can make some changes based on that.
If you have to take what -- call required minimum distribution which means you're required as either an IRA owner or 401K -- Or the beneficiary of one of -- retirement accounts to take a minimum amount every year.
You get to skip this year and that's something congress passed very late in December.
It kind of flew under the radar as of right around the holidays.
And a lot of people don't know that they don't have to take that withdrawal this year the whole purpose is to give people an opportunity -- congress to sink in this way.
Need that money invested so that when the money when the markets recover.
You know your portfolio have you know more shares and and a greater ability to recuperate some of those losses so you don't have to take a required.
Minimum distributions this year.
A lot of them looking at -- -- these questions about stocks one of them being about preferred and -- -- you know how you look at.
I've seen is saying and what about preferred and the -- say how do you make it.
-- -- the difference between two if you're not really familiar with the stock market because I think the mentality if you just -- your 401K.
CNN's you don't really know what what funds those are.
Well how do you wanna finish you know what you're you're investing and yeah we -- -- -- you know do your homework but.
OK so that you find out what finds him when he looking for any do you see any he said he -- by any information that part it.
Analyzing information now looking at his wedding night my biggest -- and the one thing I'm looking for -- and liking -- look at my mind what happens I would look for is and most 40 okay planted they've got some sort of computer link you can.
Go back and look at that.
Track record of how those funds have performed.
And hopefully you've got a ten year or longer track track record look to sit.
How they've done maybe in 2000 through 2002 and -- the track record to be sure that you know that those managers have not -- performed in the good years but in the tough here's -- What about allocation at this point in some people are and ask you a little bit about that and in terms of and I know that this is different and -- on how old you -- everything else but allocation changes that you would be making you for some investors and -- -- -- for stocks to bonds different asset classes.
While there are -- If if you're uncertain about what your asset allocation should be a lot of -- not mutual funds are -- 401K plans to.
403 B -- -- today defined contribution plans in general have what are called target retirement funds -- target date funds.
And these funds are managed on your behalf.
-- on your age and you can't even at that concept still makes completes that nothing's changed over -- take a lot of risk if you're younger.
-- take risk off the table with your older anti -- off the table means moved from stocks to bonds -- -- -- commodities fit in how to some of these other you know more creative investment.
Asset classes that have come up out of a -- Should you be you go into alternative investments are just completely forgot about that what.
If you can't even decide among the mutual funds and 40 OK don't going to hedge funds right.
Stay legal alternative investment and why it used to mutual funds that.
Your 401K -- -- what you've got people who are very Smart -- mutual -- I'm not sitting in front of a computer all day I'm not an analyst.
I don't want visit companies and see thousands of a CEO of the year and -- about the companies I invest in mutual funds because.
I want somebody else's you know skilled and experienced in that area to do that look.
And that's that is what mutual yeah and unlike hedge funds mutual funds are required by law to have much more disclosing -- -- -- front of Bernie Madoff it mutual fund.
Now and it indicated that he take away a mutual funds right for years and in the news you know an old school compared to the head.
We -- -- right now yeah.
And -- into its money right in this fees for the hedge funds that the market -- so we can real retail but of course the (%expletive) this is stuck -- -- -- glad -- -- came on.
The show here thought this is -- haven't spoke just mindless they're -- -- -- -- and powerful water column right out at and that all right Gail thank you very much and we think -- -- -- for a Judy today because hey I don't know what that was kind of a different show than we normally do you -- the patent -- -- serious starting -- -- Have a great day everybody we'll see you back here tomorrow this is -- --
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