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Economy Dragging Down the Markets?

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  • Description

    Seaport Securities' Ted Weisberg argues the economy is sputtering, at best.

  • Duration 1:32
  • Date

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This transcript is automatically generated

We sell -- But we saw heavy sell off indeed right you salt Dow thirty to the downside Ted Weisberg is with me you know we were talking to our buddy -- -- sent date.

From -- my Yahoo! and -- -- here on the Fox Business Network.

When he says he said.

-- why don't want to want the -- what.

Think tad well there's always a contrarian in every room.

I think gather some it.

When the focus is not corporate earnings and the focus is the economy.

The -- clearly has no clothes.

I mean we had a we guy SM number that ADP number the employment number was very weak you had terrible housing number yesterday.

That's the reality is that.

The economy is just sputtering at best and though -- Washington tends to pay as you -- kind of put lipstick on a pig if you will the reality is the stock market you cannot deny.

This negative stream of numbers have corporate earnings have been terrific and at the end of the day -- corporate earnings.

That'll drive the stock market but the problem is we have three in three months between reporting periods and when the focus is the economy.

The market struggles -- struggled a year ago with almost the same dynamics including the Euro -- in Greece -- here we are.

A year later -- all the same problems nothing has changed.

Right same problems and just slew of tough economic reports we talked about housing talk that I attempt confidence.

And you name it it's been to the downsides of the pressure has been on but let's say right we'll see where we are the into the -- isn't it.

-- thank you for Teddy Weisberg Nicole good to see --

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