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Looping back around heading back out into the sea possibly restrengthening and doing a second landfall near houston. So we are talking a very prolonged period this is all the way through the next four or five days that this storm is going to be bringing rain to the coastline of texas which is why we are talking very very high amounts of rain. From Corpus Christi up to houston. 15, 25inches of rain. Thats the big concern about flooding but there are other concerns with this storm. The surge six to 12 feet from Padre Island National seashore up into sergeant, texas and winds 74 Miles Per Hour or more. Thats that Hurricane Force winds. Very scary and then theres a severe component guys they could be seeing tornadoes as we head through the next few hours. Ill be ....
The markets suffered a correction. The more concerned some investors become. Despite this the next guest says investors should get invested and stay invested in equities. Hank smith is chief Investment Officer who manages 6. 5 billion in assets. Welcome and thank you for sharing your insights with us but i got to be the contrarian and the contrarians have been wrong since january saying Global Market will lose steam and get a correction and we havent seen it yet. Even julie we will so isnt it time to take profit . Eventually we will but at higher levels. Therefore you are not doing yourself any good. Lets forget that the market is up 26 this year and lets focus on this. The economy is expanding, profits are rising, Balance Sheets are in exceptionally good shape, we are flush with cash, valuations are reasonable, not a ....