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Did you think there was going to be such a big equity reaction here in the states.
None of the states did not obviously new Japan because -- -- have little bit of time -- trade before the earthquake was gonna get hit this morning.
And you is that what six and a half percent I believe overnight.
Which okay that the success acceptable -- that something you'd probably expected.
But the US markets here -- -- holding up early and then we start to see to sell off as there's more rumors coming out about you know three reactors melting down so.
As long had that uncertainty that -- -- tougher US market move higher right now.
Aside from what happened in Japan last week we also had the market have a major break down technically so.
Because those two I events -- to themselves that we give -- reason yourself.
Did you eat you know G pulls back 3M -- back like these are big Dow components all because their exposure overseas and I guess you can't help but.
We'll be affected your home.
You're going to be affected because we're the number one economy in the world Japan's number three so there's going to be a lot of trading between the two countries so.
I you know you gonna have companies in the US they're -- to -- rely heavily on Japanese consumers and Japanese government buying up some of their products.
-- getting crushed because of the nukes because you know they they build the plants all around the world.
The NLR which is the a market that there is.
ETF marketing well there hey -- hit that bad as it is a basket of stocks down 14% right now so you're seeing entire -- -- just selling off.
As if we're never gonna build another power play it again I think that's ludicrous things probably buying opportunity here because I'm hoping it's gonna end it is a clean energy going forward it's probably put on the back -- the same time any other side of the sea to solar stocks they are surging.
-- -- also the moving towards solar.
But this is what you see the market see overreaction after big time events so it take of the green assault let's look at the market a week from now see in Syria are -- had a lot of volatility this week probably more weakness in my mind and then let's take a step back and look where we are.
-- I think you're here last week we talked about how this could be buying opportunity -- -- -- new facilities nature there's no way nuclear energy is gone away and can't.
-- camp and with all due respect to the Japanese.
It wasn't the actual nuclear plant that faulted it was the building so they're seeing that -- you know the building was -- build so long ago if the building standards are here.
And we build a plan similar to theirs we actually could be OK unfortunately I think from a lot of our nuclear plants -- on false -- here in the United States which was.
Particularly -- dumb plan not yet I think -- -- yes exactly I don't know I'm not I'm not Smart like that but but the -- -- billions and.
-- it doesn't that play into the building in these days and last you know twenty years that they -- not United States but in Europe especially in France.
The quality so much higher than I won in Japan that it be a lot of people are saying this would never happen if it was a higher quality.
Build you know -- so yeah.
How but it still scares you because it goes back to deal that is you know -- -- my backyard you know I mean and I wouldn't either I don't want -- -- -- in my backyard the children you know we don't want that.
-- -- -- and you rallied in their eyes at -- like fifty miles from your old home isn't nuclear Indian point something in New Jersey Indian river.
And -- reverend Derrick Samantha CJ miles had plenty of Trinidad -- -- -- -- -- It's hard I think to judge this market because.
I don't even -- make decisions right there's the uncertainties you know and who really has not gone away.
True right then but rides in Portugal over the weekend of oil a prison oil gone -- and stuff like that so.
I think in almost into -- brings you to -- at place of -- Well comes at a point right now where there's there's so much negative news out there the market's gone up almost 100% in the last two years doubled.
So what do you do now as an average of -- doesn't look at the the big picture of the fundamentals and just looks at the headline news.
You're selling Lorena right an individual investors sell it.
It's the same individual investor that pump money into in January February because they felt like they missed the rally so they're piling money and we're gonna see you in a march there was come out guaranteed that people are pulling money out of equities again going back into the -- -- the safe havens and -- -- -- time.
Yes he came in January February but a guy and he's selling now he's selling in -- absolutely and that's why do you -- -- always digging -- does that give that they can -- interview and you cannot.
Invest off headlines it's not that easy when you open -- paper and you see something you cannot make a -- -- If you look at look at the paper today and think.
You know what -- got to rebuild itself.
Maybe I get in on infrastructure place -- again and I'm in one year fixed rate we can get -- your picks could it -- say it could go to quota.
Heavy equipment farmer scene reminiscent Japanese company -- you could argue that there's going to be American companies that will be involved in this rebuild to -- Actually -- getting crushed because -- nukes for the same time G has made divisions that will probably help rebuild to pass up again short term reaction long term probably good for the company.
The -- makes you know big heavy machinery.
It makes formally machinery.
You look at the rubble is it's so sad but you have to get all that out of -- video have to rebuild again.
So you you -- you pay big money unfortunately off disasters.
For companies that they come in and help the rebuild -- with the machinery just to get rid of that -- -- -- months if not years to rebuild Japan says -- some of the footage is an out of control.
You also like DuPont which is instinct is it's chemical company it's a chemical company and it's it's very broad very broad -- makes everything from.
Corn seeds to coding you put on your autos -- mean every little -- can imagine coming around to over 200 years.
I like this does more receiver like the -- getting hits and a slowing down a half percent -- pays a three point 1% dividend.
I think that a company where -- if you're concerned about the market right now this is probably take a -- you wanna go -- -- -- of the worry about the volatility from dated January of -- -- -- -- -- -- -- -- -- -- -- -- private -- -- -- -- Which I can't remember what it was PSP powershares private equity SP which was like a 14% yes I think thirteen a half percent of us know.
Again so these dividend stocks at.
-- when you don't know what to do in this market it's not an awful place today.
It's not and the yields that treasuries are still -- but you mention in the open net.
We could see treasury prices.
Fall if that happens rates are gonna go operate -- that actually affects us directly because of rates go up -- imagine.
Mortgage rates are higher all -- going higher the cost more for major corporations to borrow money.
That's less it's bitch and so it's a trickle down effect of what's going on in Japan could really have a major effect on -- Not that and this is -- for another day but the other side of the argument is.
They buy treasuries -- they -- -- keep control of the value their yen as well right so it's a dollar yen play as well so that you know one of the -- I spoke to said that.
We insurance companies do sell treasuries to come up with the money don't these president of Bank of Japan despise him right back just to keep that balance in the keeping yet I guess artificially -- Yes -- I -- -- -- and everybody thought on Friday as reading articles very early Friday morning was any and didn't get crushed.
Yeah it was actually of over 1% of filers have big move for currency the reason for that's repatriation so what happens is.
We needed rebuilds being Japan for fifteen -- one -- fifty million dollars -- may be.
You need yet to rebuild right so -- now buying back all there yet and so as fueled by more get a push the price up.
After the 1995 Kobe earthquake the yen was up 15% in the next six months.
So if you would be I think anything right now it is the yen I think I believe -- that are ready for our clients so we had a nice.
-- -- on Friday we may actually buy more and -- -- an argument than that the Bank of Japan and like to keep that.
-- -- -- not gonna wanna see that kind of appreciation in the end they're not have a choice I don't think I don't think they're gonna I mean.
In a disaster this big I don't know if they're going to be able to hold it down because people are going to be bringing him back to the country you have to buy -- back.
The promise that nobody really only get injured in Japan because he had zero interest rates so to get interest rates -- to sell the yen and -- other currencies and now they need that money there's nothing there there's no other way around that.
I mean big in Japan could try to push money into the market.
But again I think you have to did you buy -- they -- to do that and and seemed to have a 95 so I think history's gonna show it's gonna happen again and what's in the -- -- your point and if they're spending their money buying back the yen and probably not gonna have the money to buy our -- back our -- exactly yes yes so it's it's a spiral that just keeps getting out of control really.
-- and again.
That's a solid that's a side effect on our market to combat treasury price they pageantry on the treasuries as big as the end falls dollar goes higher which we don't want our dollar to go higher I act.
-- Exact is a battery company.
This is little more aggressive fight -- the best buy for today's -- about 4% today.
But -- -- a battery company it's it's a nice value played -- four price earnings ratio -- eleven is a growth company which is very nice.
But at least a lot of bad guys -- transportation -- industrial -- energy did the sectors.
It just one of those plays that could be looking green energy play we're looking towards the batteries.
The stock is one of the stocks it's in a lot of the clean energy -- yes so you wanna get you know be a little more aggressive.
I like to chart right now with the fundamentals it just happy -- right time -- probably -- maybe a week for this reason markets probably be down one week from today but definitely the stock to be a little lower as probably great value at that price.
We have quadruple witching on Friday if I'm not mistaken two week so that adds all the volatility that's when everyone has to come down and figure out what they're gonna do their options it.
-- -- -- good advice underlying stock or Regan and just let it expire they optional expired go away so did could be movement going on.
-- -- That added with this volatility.
Could make this week pretty interest.
You can be very interesting for people who.
What do get out of stocks you may see a big rally midweek US fell into -- are people really -- wanna get into stocks.
You see some weakness like today or maybe tomorrow and actually buy it on the weakness and in the week higher.
We had a quadruple witching we have what's going on Japan the unknowns there and think back to the Middle East.
This was a major headline for three and four weeks straight every day -- woke up let's check that was my Middle East.
Now you don't see it anymore -- his rights and -- and people are getting shot last night so there's a lot going on over there that we're announcing we're ignoring put her back burner.
So even if Japan does quite -- go right back to the Middle East so much uncertainty so many unknowns but -- -- always -- A bit of bull market climbs a wall of worry and right now we have a lot of worry so I still think the trend is higher at this time you want me buying a weakness.
We are also.
Tomorrow we have the Fed meeting we have an FOMC meetings tomorrow.
Everyone is waiting to hear on this notion of the extended time period or whatever the extended language basically having -- keep pumping money and do you think all this.
Build the case her QE3 -- Davies and part thirty.
Me personally know what they think Bernanke thinks the opposite yes Nancy it's a great reason for him to do QE3 and if he does it carry three.
You wanna be in stocks because last time what happened during QE2 came out when I -- Exploded.
-- of -- you just.
An announcement it exactly and it continued till I mean it was also straight line up for months after that so if you believe it and pump more money -- you need to be in the stock market because we're gonna break.
Again to 32 month highs and keep going and I still think we have 15100 -- what.
Twelve media so any S&P right now 1290 I still think we have 15100 by the end of the year so.
-- can't see it only 12100 before that.
So you won't be buying in you know lose when you see some weakness but I still think we see fit -- based on that fact that money is cheap.
Two of 89 almost 1290 right now on the S&P NASDAQ -- 26 CD seven.
The -- continue to be -- instant.
Get chopped up a little bit legally to people probably didn't profit out of these stocks that have moved we you're really relying on its expected to get us out of this mess not happening is it.
No it's not -- -- a big reason physically we get a big what we had we had that big run up.
We had a big demand coming out of recession for a lot of chips -- and a lot of other technology sectors.
Suddenly that just kind of slowed down back to a normal pace and we're seeing over abundance of inventory now so a lot of companies are coming out and lowering their guidance.
-- in my view and all all this affecting the market.
In two weeks from now we had the end of the quarter that we have earnings to deal with again first quarter earnings -- We have a lot going to be dealing with the next month the -- Boston -- that we have coming out so.
Technology need to watch we need to watch what's gonna happen -- their earnings and right now it's not looking very narrow.
In two weeks from now is an and the month C -- have it wrapped up first quarter right and technology.
Big Apple blown another way with the iPad two iPad two I should say -- -- action yes that's Williams you again would you get -- I actually -- feeling at the iPad two I really do we begin by Apple Stock.
If you look if -- that they didn't eat away from apple took the price -- of three or some dogs and just looked at the company itself the chart the fundamentals it looks amazing and NASA but it's just tough to -- here after I know that -- 75 dollars an ounce three and change that's tough divide again but if it if you had to pick a little top ten stock market it's the.
With that -- that conference -- -- -- at 400 apple -- 400.
You could make a case for 500 for next year and a valuations are still better than the overall market which is amazed at six.
Fans out here amazing thank you being here thank you battle club president and -- a -- do the website and never give any information -- you.
-- Twitter Matthew local Tutsis Matthew to -- -- One form -- an unknown spaces are right into the aspect medical with the two teeth that we back next week.
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