POINTS, WRAPPING UP THE
VOLATILE WEEK ASSET MANAGEMENT
CIO SCOTT MART TYPICALLY TRY
TO MAKE SENSE OF ALL OF IT
WHAT DO YOU THINK SCOTT.
>> WHAT IS MAKING SENSE AT
LEAST TRY HERE IS THE THING
WHAT IS GOOD, RIGHT NOW IS
THERE A THE MARKETS ARE
STARTING TO HEAL I BELIEVE
MONDAY WAS ABSOLUTES
DESTRUCTIVE DAY AS I HAVE SAID
OVER THE LAST FEW WEEKS GOT
RIBBING FOR IT MIND YOU, IS IF
THIS IS A BOTTOM TYPE OF DAY
MONDAY WAS GOING INTO
CHRISTMAS TRIED TRUEIN
EVERYBODY'S HOLIDAYS NOW
SEEING MARKET RECOVERY NICELY
IN FACT YESTERDAY BIG SELL-OFF
LOOKS LIKE GOING TO BREAK IT
DIDN'T IT CAME BACK THE ONLY
THING I'LL TELL YOU IS THAT IS
STILL KIND OF HANGING OUT
THERE WE NEED VOLUME COME
BACK, BECAUSE VOLUME HAS BEEN
WAY MORE PREVALENT ON DOWN
DAYS THAN UPDAYS CONVICTION
BUYING NEXT LEG UP.
>> GOLD RALLYING?
>> WE LOVE GOLD WE OWN GOLD I
FEEL LIKE GOLD MEMBER SAYING I
LOVE GOLD YOU KNOW LIKE THE
MOVIE, IT IS TRUE, THOUGH
BECAUSE GOLD RIGHT NOW UNLIKE
YOUR BONDS, RALLYING BACK AS
INTEREST RATES HAVE COME DOWN
BUT CERTAINLY UNLIKE STOCKS,
HAVE BEEN LOW VOLATILITY GET
ME OVER THE HUMP TRADE RIGHT
NOW WITH U.S. DOLLAR IN OUR
OPINION MAYBE PEAKING OUT
TRENDING LOVER IN 2019 I THINK
GOLD GREATER PORTFOLIO IF
LOOKING FOR SOMETHING OTHER
THAN TRADITIONAL STOCKS AND
BONDS.
>> SCOTT, HOW YOU DOING
CONGRATULATIONS CHICAGO BEARS
I THINK YOUR DEFENSE OUT THERE
BEST I HAVE SEEN SINCE 86
BEARS I WANT TO ASK ABOUT GOLD
YOU GET IN GOLD -- SAFE HAVEN
MOST PEOPLE GET INTO WORRIED
ABOUT WHAT IS GOING ON IN
MARKETS HEALING DOESN'T SEEM
MUCH CHANGES UNABOUT
PREDICTABILITY ARE YOU BULLISH
GOING FORWARD.
>> YEAH, WE ARE BULLISH BUT I
THINK THE INTERESTING THING
YOU HAVE TO THINK ABOUT NEAR
TEAM ARE VOLATILITY IS GOING
TO STICK AROUND YOU MADE A
GOOD POINT NOT LIKE WE NEED
BECAUSE WE RALLY 15 -- POINTS
ON DOW GOING AWAY CONCERNS
OVER TRADE WAR THE FED
INVOLVEMENT, FRANKLY CONCERNS
WE HAVE THAT EXAMINE ECONOMIC
DATA IS POSSIBLY -- SLOWING
THERE IS PROBABLY EARNINGS
COMPRESSION NOT A FEW DAYS
CURE ILLS, REMNANT THIS IS
STARTING PROCESS OF MARKET
HEALING IF YOU GOT THAT LONG
TERM TIME HORIZON COUPLE YEARS
THREE YEARS IN ADVANCE GREATLY
BRIG OPPORTUNITIES DEFENSE
MISSING SOMETHING LIKE YOU IN
PLAYERS OF I LIKE MINNESOTA
VIKINGS ANYWAY I AM GETTING
CRUSHED HERE.
>> -- A BEARS, FORGOT YOU ARE
--
>> PURPLE TIE.
>> O YOU GOT IT.
>> ON SATURDAYS IN COLLEGE
FOOTBALL, EARLIER, SAID --
>> YEAH.
>> EXACTLY, I THINK A FAN,
THANK YOU FOR BRINGING THAT UP
I WILL WATCH THE ROSE BOWL
LET'S TURN TO 2019 IPO'S COULD
BE A RECORD YEAR COMPANIES
LIKE UBER, OTHERS, POSSIBLY,
ACCELERATING TOWARDS EARLIER
IN YEAR PREDICTION FOR IPOS
MIGHT LOOK LIKE?
>> YOU KNOW, I FEEL GOOD SIGN
OF A GOOD ECONOMY, A GOOD
MARKET BECAUSE THINK ABOUT IT,
YOU KNOW YOU AND I HAVE A
PRIVATE LEMONADE STAND IF YOU
WILL, OUTSIDE COLUMBUS, OHIO
FROM HIM OTHER SIDE COLUMBUS
YOU ARE FROM EAST SIDE I AM
WEST SIDE OF COLUMBUS, CLARK
COUNTY OHIO IF A PRIVATE
LEMONADE STAND TO TAKE PUBLIC
PER SE WE WOULD DO THAT IN
MARKET ENVIRONMENT WHERE WE
THOUGHT WE COULD GET A GOOD
PRICE APPRECIATION INVESTORS
INTEREST AS FAR AS CAPITAL
GOOD SIGN LOOKING TO COME TO
MARKET HOWEVER WHAT WE LEARNED
FROM IPO MARKET DICEY LOOK AT
COMPANIES SPOTIFY, BLUE APRON
UNDER A DOLLAR -- I REALLY
LIKED FOR A LONG TIME AREAS IN
THE MARKET THAT SOMETIMES
OVERINFLATE SO IF YOU ARE AN
INDIVIDUAL INVESTOR SOMETIMES
THE IPO IF YOU ARE A PUBLIC
INVESTOR IS TOO LATE TO GET
IN.
>> WHAT ABOUT MERGES AND
ACQUISITIONS DO YOU EXPECT A
LOT OF M&A, IN CONTEXT OF SOME
COMPANIES MAYBE HEALTH CARE
OTHER SECTORS MORE POWERFUL
TOGETHER CAN WEATHER PENDING
STORM IF YOU WILL, TOGETHER,
BUT OTHER COMPANIES WE'RE
SEEING WITH GEN ELECTRIC
UNITED TECHNOLOGIES INTO
DIFFERENT BUSINESSES WHEN WAY
DO YOU SEE IT 2019.
>> LIKE TWO TIENDZ I THINK M&A
OUT OF DESPERATION NEED TO
COMBINE TO STAY ALIVE, OR
OTHERS ONES OPPORTUNISTIC, I
TELL YOU BEST TWO EASIER
PROBABLY FOR MERGES AND
ACQUISITIONS HEALTH CARE AS I
MENTIONED TECHNOLOGY, THE BEST
PART ABOUT THE SELL-OFF SO
FAR, A LOT OF COMPANIES, ARE
GETTING DOWN TO BEAR
VALUATIONS IN OUR OPINION IF
YOU ARE A BIGGER COMPANY MAYBE
NEEDS ASPECT TO YOUR BUSINESS
YOU SEE A COMPANY ESPECIALLY
SMALL CAP SPACE MY GOD SOME
NAMES DOWN 30, 40%, AGENT YOU
HAVE THE FROM OCTOBER, YOU GOT
TO START MINING THAT AREA TO
SEE IF YOU CAN PICK UP A
COMPANY ON THE CHEAP.
>> DO YOU THINK A LOT OF
PRIVATE EQUITY COMPANIES, THEY
HAVE GOT CASH BUILT ARE YOU
WORRIED SOME OTHERS WOULD BE
THE BE ABLE TO GET ACCESS TO
CREDIT NEXT YEAR?
>> IT IS POSSIBLE, YOU KNOW
CREDIT THING TO ME IS A LITTLE
BIT OVERBLOWN, NOW WHETHER YOU
BELIEF SECRETARY MNUCHIN ABOUT
MAKING CALLS, YOU LIQUID OUT
THERE EVERYBODY ABLE TO GET
MONEY ACCESS THAT IS ONE THING
BUT REALITY IS TO ME THE
CREDIT MARKETS ARE NOT REALLY
THAT FROZEN YET NOT SHOWING
SIGNS EVERY FREEZING ONE OF
THE BEST THINGS THAT HAPPENED
IN THIS MARKET, SELLOVER RATES
STARTED TO COME DOWN NOT ONLY
CREDIT DRIED UP SPREADS BLOWN
OUT A LITTLE BIT BUT NOT
TERRIBLY SO IF YOU LOOK AT HOW
FINANCIALS PORMDZ LOOK AT OIL
STOCKS HAVE PERFORMED CRUDE
OIL DOWN BIG.
>> INDICATIONS THAT THERE IS
GOING TO BE A CRISIS, I AM NOT
TOO WORRIED ABOUT THAT 13EK OF
THINGS.
>> A WONDERFUL TAKE ON THE
MARKET -- LISTENING TO YOU
EVERY TIME I SEE YOU ON TV.
>> THANKS.
>> BESIDES SMALL CAPS ARE YOU
STAYING AWAY FROM -- LOOKING
AT SMALL CAPS WHAT ARE YOU
BUYING 80 NOW STAYING AWAY
FROM THIFZ STOCKS LIKES APPLE
IF TARIFFS GET RAMPED UP COULD
LOSE SUPPLY CHAIN?
>> YOU KNOW, THERE IS GOING TO
BE AN OPPORTUNITY IN THOSE
AREAS WE TALKED A LOT ABOUT
INVESTORS I THINK BEEN ON A
EXPENDITURE SHOES TALKING
INDUSTRIAL STOCKS THEY GOT
THROWN OUT WITH BATHTUB BABY
BATHWATER EVERYTHING IN
BATHROOM REALLY TARIFF WAR
THING WAS GETTING THE
ACCELERATED, YOU LOOK AT
COMPANIES CATERPILLAR DEER, 3M
TOWSED TOSSED, THEY HAVE BEEN
OUT PERFORMING IN OUR OPINION
GOOD EASIER TO START LOOKING
TO PICK UP BECAUSE I THINK, A
LOT OF THAT BAD NEWS IS
ALREADY IN THOSE STOCKS.
>> THE RETAIL WE SPEND 850
BILLION DOLLARS, HOLIDAY
SEASON BUT NOT SEARS NOT JC
PENNEY, IS SEARS BID TO
ACQUIRE COMPANY DO YOU IN
BANKRUPTCY COURT DAY 4:00 JC
PENNEY 9 CENTS A -- 97% CENT
PENNEY 9 CENTS A -- 97% --NT
PENNEY 9 CENTS A -- 97% -- 97
CENTS.
>> I DON'T THINK THAT IS WHAT
THEY HAD IN MIND BACK IN THE
DAY LAUREN STAY ON TOP OF GAME
RETAIL IS ESPECIALLY FOCUSED
YOU LOOK AT SOME NEW COMPANIES
THAT ARE OUT THERE CANADA
GOOSE DONE VERY WELL BECAUSE
OF THE UNDER REMEMBERAR BACK
FROM DEAD SPECIALTY FOCUSED
CONSUMERS ARE FICKLE IF IN
RETAIL STAYING AWAY FROM BIG
BOX OWN AMAZON BECAUSE
DOMINANCE THERE JOHN KNOWS TOO
WE LOOKED A COUPLE TAKEN BITES
AT WALMART AS WELL BECAUSE OF
DOMINANCE IN THE SPACE.
>> WE WANT O GIVE A SPECIAL
SHOUT-OUT 8 YEARS OLD TODAY?
>> HAPPY BIRTHDAY.
>> A PICTURE OF HER, TOOK THAT
PICTURE NOT ONLY PICKING
STOCKS BUT TAKING PICTURES AT
HOME WATCHING THE TV WAITING
FOR DADDY TO COME BACK HOME
SPEND BIRTHDAY WITH THEIR
HAPPY BIRTHDAY SWEETHEART 8
YEARS OLD TODAY WE APPRECIATE