video transcript

Columnist James. Well savage all long -- market veteran likes to say that the first rule summary is don't -- The second rules on -- is if you have to Trey don't do very much and the third is if you got to do a lot only like six. It's looking like it shaken up to be pretty good advice this year when we're basing a lot of rest and potentially a lot of politics. The first problem I think fundamentally is that it looks as if the US might be slipping. Not only are -- jobs numbers hindered -- Manufacturing. Is having a difficult time and perhaps most he. The corporate earnings surprises me upside isn't doing well revenues at home and has been disappointing. This fine -- corporation's manufacturing higher margins but there haven't were horrible people -- spending. Looks like it downtrend on. On the other side we have in essence the hope that at once again bails us. Well it's possible that they will the next meeting but it's looking very much like we're gonna have to wait until Jackson Hole into -- In the case the last few years in the Jackson Hole and setting or leaning areas and -- C news. My fear is it's a long time between now and Jackson. Believes it's going to be. And let me take longer than most people wrote to balance. It might be a very good time to keep your.