Done . And now i think were finding out theyre going to buy mclaren. And listen, this is a sexy car company that makes highperformance cars, and that makes sense, because they could make a very compelling product with mclarens assets and High Performance and materials. It would be a very big acquisition for them, right . 2, 3, 4 billion, who knows what the price will wind up being. But this is for sure the strongest sign were seeing yet, aside from hiring 1,000 engineers that well see an apple car. How long will it that he . I dont think we see it before three, four, five years. But you know, if you have all those apple stores seeing a beautiful, sexy, p1 type car, hopefully an electric one, not a gas car, would be pretty amazing. And i think people will buy the car. I dont think tesla has anything to worry about. I think this is, again, a four, five, sixyear project, but this certainly starts them on second base. But josh, we had thought that apples ambitions for cars were maybe in th
The fed has made a crucial mistake, and we may never recover. First, we start off with the markets. The dow ending lower by 254 points, the nasdaq in the red. The s p making both the new closing low and a new interday low. Finishing at levels not seen since april of 2014. So, new lows, now what . Guy . As it turns out, the headline comes out just as its making new lows, gets the market up 25 handles before we close at 1829. Now what is this . I wouldnt save tomorrows move. Its either going to be sub1800 or north of 1850. I wouldnt fade either one of them, because people will chase into what will be a long weekend. I still think the bond market is trying to tell you something. I think the headlines in oil were gazy, for lack of a better word. Tomorrow is not a day to fade. Not real. Thank you. Heres the deal. Listen, i said earlier in the week, i really do think were in a market that its one step forward, two steps back. It felt kind of bad, the lows today. It was fairly orderly. You ge
What we were seeing in the second half of last year. I want to add to the conversation were already having on the outlook for the markets. We havent felt the impact of fiscal tightening yet. Were going to have to watch the consumer very closely. Well be having pretty Big Government spending cuts with the sequester. I think we need to be a little cautious in the first half of this year. This wont be a linear rally in the stock market. The first half is going to face some pretty big headwinds from the economy, so im cautious about the next few months here. Cautious about the next few months, so does that translate into taking money out of stocks . Is this rally that weve been seeing, even though we saw fractionial losses today, is it justified given these expectations that you think the economy turns downward . I think if you look just at the earnings picture and ignore whats going on in washington, the markets should be up even more. I mean, theres plenty of room for stocks to rally, an
Do you think this is a hick up or the beginning of a downturn for the market . Look, i think the market has looked tired over the last couple of weeks and this is just another reason. Anyone whos thought the fed would buy bonds wasnt thinking arab rationally. Bob mcteer, what would be the right strategy . We know that the economy has been slow by but surely coming back and most people will attribute that to the Federal Reserve stimulus. Well, it will be good when they can eventually ease up on that and abandon it, but i dont expect that to happen this year. I think we can count on the feds significant support throughout this year. How would you characterize the economy, bob mcteer . Well, its vulnerable and its weak. I think the Fourth Quarter negative number will be revised into a slight positive. I think the first half of this year will suffer a little bit from the tax increases and possibly the spending reductions that are scheduled next week. But i see no reason that it wont take o
Were spooked this week by the minutes from the Federal Reserve which suggested they may stop the Bond Buying Program or begin to wind it down at some point. Do you think this is a hick up or the beginning of a downturn for the market . Look, i think the market has looked tired over the last couple of weeks and this is just another reason. Anyone whos thought the fed would buy bonds wasnt thinking arab rationally. Bob mcteer, what would be the right strategy . We know that the economy has been slow by but surely coming back and most people will attribute that to the Federal Reserve stimulus. Well, it will be good when they can eventually ease up on that and abandon it, but i dont expect that to happen this year. I think we can count on the feds significant support throughout this year. How would you characterize the economy, bob mcteer . Well, its vulnerable and its weak. I think the Fourth Quarter negative number will be revised into a slight positive. I think the first half of this ye