A Year End Rally a Distinct Possibility?

" The rate decisions coming out of the UK yesterday after the European Central Bank at a potential recovery and a rise in we're going to bring in our friend David Buick for his expert opinion on these markets and then where they're going in David you say. A year end rally is a distinct possibility why do you believe this."

" Good morning journal reported total. Well I think. Between -- has been proved this week where we've seen incredibly volatile conditions with market basically responding to the quality of economic data. And obviously with a huge degree of freedom boyfriend who duration of the Central Bank decisions ultimate from the interest rates will -- going to be whether office sometime to come. But also on where they're going in -- pulled through these. The customers we -- conditions are going to be like this for the next five mister tree over Iraq electrical and Obama. Because I think -- close to a high degree of uncertainty. The biggest problem generous than we have on both sides and under is unemployment are okay it's increasing at a lesser level. But it's still very dangerous next week as far as your concerned. We are levitation three inches above the culprit in terms of retail result -- Abercrombie Nordstrom JC Penney Kohl's. Macy's people like that. Because with the unemployment increasing a living in the levels it's very important in terms about -- We do think that there may be some sort of disjointed from. The activity in the central symbols and unemployment we need to see that proved. When I was prepared -- here into the year because the choice of other lesser offices unattractive. We believe -- proving an end of your accounts that you will see that surge towards better times. And hopefully economic picture you're not true about."

" Well that's I mean that's on the positive and -- the end result could be could be nipped in the more positive direction want to bring our conversation too little -- the news out of the UK about what's going to happen with your big banks over there. And several that happened to divest some there their own retail. Arms does this affect your forecast in any way and can you give us some indication because the Wall Street Journal's reporting that major retailers like Tesco. Could be interested in picking up some of these branches."

" Very differently first and foremost. Jenna I was absolutely as an englishman horrified. To see the European Union told -- Firmly implanted in the backbone of our banking system. Before it really had time to look at return regulation I think the UK government is wrong in this and they -- just precipitated. People looking for trouble. The one thing I will say in the childhood picture as best interest is guess what timeframe on breaking down these banks for instance the case of the Royal Bank of Scotland. It's going to get rid of 312 brown -- Clinton perhaps as many as 600 approaches. That's enormous by -- together with other -- the problems going for the most part in the third time and put on it is. How these people going to raise hopes -- pulses. In the case of -- looking -- And it's a hugely popular -- it's it's really are also -- And we have reason to believe that they have a joint venture with movement -- school before. And found it quite easily track money that's total retail prices but I have to go to the postal money markets to attract. Given time given proper -- facilities I think the bearden -- what concerns me. Is that if they suddenly decide that these polyps -- like Scotland lords to hard talk into and he's on the right. This creates a problem because those people prepare to launch he pulled its money with them. Where they're the quality necessary in the absence of -- don't -- and I don't think it's unmentionable problem. But it's an issue. The trouble is -- these announcements that you'll always get from government is their message. When you get -- announcements everybody's always looking to pick pollution it's on -- this but it and it's an insurmountable problem."

" Right that's good -- that's an interesting assumption being that your forecast does remain rat eyes and -- out of positive David unfortunately we're out of time. So it's enjoyable with a lot of you and I appreciate your perspective very much David Buick and BDC partners for a."