Where Should You Invest Your Money?

" there we see it down for the year but again. Big uptick today the question as is it too late to get back into the market if you haven't already here with their suggestions Scott today. He is president of k.'s financial advisory corporation and but Conrad chief economist. At Casey research Scott. What do you think of what's going on today and bottom line when you look at Citigroup up over twenty. And I think gee you know a lot of people are saying maybe you should buy -- it's under fifteen it's too late."

" Yeah it is and and I think part of what's going on and its finances today today you got -- short covering rally is well with the opening triple witching hour today. You expect a lot of -- quadruple witching hour forgive quadruple witching hour you're right I think Dave what this downturn in the market has done doses given investors the chance. The find some very good long term investments with companies that have strong growth profiles. And maybe the prize has been to hide it come down now debris and bodies at reasonable prices. One of those companies ally has a company called water so what -- dozens and manufacture and distribute. Very high quality high performance precision instruments that use them labs across the world. Largely for resource quality control purposes I don't want to talked much about the product because frankly gets pretty lofty. But the company has a lot of characteristics that we really life and an investment has -- high barriers to entry. And important to me is they dominate in the key areas and the reason they dominate the market is because -- renovation. They are known for producing state of the art equipment and that allows them to be the market -- There are projected to grow about 16% a year and yet there -- near the bottom of their PE ratio for the last ten year Dutch."

" Well Larry that now we see but got red bud good to Cia. You know but one of the few things that is down today. That is basically -- performer is goal. Gold is down about 28 dollars an ounce even a lot of people think that the dollar's gonna be sorely. Tested over these next couple of months maybe even years as a result of all the money we're spending and you see an opportunity. I sure do I think that the background on how we got here which is sort of the big picture we look at it Casey research. Is that we depend on foreigners to invest heavily. Money they get from the trade deficits. And they have been buying our debt particularly agency debt of the Fannie and Freddie sort rather dramatically. Up until July. The data reported just this week pointed out that the actually sold off some of their holdings of agency debt and I think that's behind why. The they a lot of Fannie and Freddie was so precipitously done over the weekend we go off and forgot about because of all the new things that are coming wrong. Right now and by the way I haven't forgotten it last week you were saying goal when everybody was laughing at you for doing so -- that it looked pretty smart for that pick right now. It was sort of a contrarian play at the time -- that. Physical assets and gold and then we -- that seventy day. Dollar uptick yesterday so yes I'm a supporter and the reason is that I'm worried about all the bailouts and they may be necessary and I'm sure they're coming. But they're very expensive in terms of the long term value of the dollar -- we got so much breaking news I got I got to cut -- bud -- Conrad from Casey research Scott -- is. President of k.'s financial adviser corporation wonderful to see both of you have a great weekend thank."