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Well you -- mixed bag for the market it's consumer prices dipped to Intel announced yesterday it would not provide earnings forecast amendment of the big.
Books on and that didn't markets basically flat today -- sometimes we have -- a bigger move as a result of what comes out of the market report but not so today was the administration plans to reveal stress -- these -- Of the nineteen largest banks are we really on course for a longer term recovery here to give investors.
I had this Kevin -- he is market analysts from mark to market and a former futures trader.
And Joseph Clark he is managing partner -- the financial enhancement group so Joseph first to you.
How much of -- difference for these stress -- are the result we now know that they're not coming out at least some of the details won't be out.
Until May we reported -- first told to be the end of April are they gonna have much you have movement at all in terms of stock price.
Well they sure could weren't -- trading mark.
Right now much more than we are a fundamental thing and you know so traders are gonna try to figure out how to play that.
Honestly weren't a pickle in terms of the government they.
They wanna be transparent they have to release may also have to -- the all -- you know we're all going to be grating them in the financial services world.
Trying to figure out which ones best which ones weakest.
So the war.
Clearly be -- trade in this area.
I think what investors really need to do those understand we are -- -- trading range it's more important to be able to re act to what the market gives you that -- try to figure out what's gonna happen ahead of time.
Yes Kevin I mean if you look at the things that -- has just outlined you realize there's no way does bear market could really be over but what do you do with the money that's sitting on the sidelines if -- Yeah well and early march we saw sort of a mini capitulation we had that twenty billion dollars in two back to back weeks.
That was moving out of equity funds itself.
You know that was sort of a mini capitulation and the market has rebounded strongly here off the S&P laws and we -- trading -- tightened the -- for me -- S&P 700 deaths and 1000.
And so that a lot of optimism here despite all the worries about bailouts and deficits and even inflation.
The stress that's.
I've heard from two large investors today about large mutual fund managers who want more transparency they want to see this stuff talked about they want it though the books to be -- so to speak.
Because of the uncertainty -- that really hurt their positions.
I don't some of the worst is over in the banking crisis and Obama is really not the architect of this this goes back to what Hank Paulson did.
In September and that Bernanke is -- not so now they've stabilized the economy.
And people are looking for values see value like technology is less in this rally.
And infrastructure plays -- US Steelers had a nice run.
I look at C Max any infrastructure play commodity plays John Deere is looking real good today.
So that market investors are looking for pockets of strength in a technical rally Joseph you're also -- -- Some tech stocks at the moment to you see some value -- -- specifically where.
I think you have to pay attention to the software side more than the hardware -- I worry about commodities nation and in that being able to be replenished but the things that.
Can add value to your life make life easier.
-- provide -- my productivity at work I think those are areas to look at you're even seeing that and champion right now.
By the way and some of the consumer space and and -- a horrible recession things that provide consumers.
They are being bought give us some specific stops.
I like Cognizant Technology Solutions -- I like IBM they're Smart people big blue with good.
We're still long apple this is a communications world.
You go back and study the Great Depression was about communications then it's about communications now in ways that we that you know the AT&T'S side.
Verizon's side to get the new Blackberry product that's coming out that that area.
OK good to see -- thank you so much -- -- Joseph Clark thank you guys.
Happy to be.
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