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LIGHTNING ROUND: Equities haven't yet hit highs for 2012

Wednesday, August 08, 2012 - 01:57

Aug. 8 - U.S. stocks may be a little rich right now, according to NYSE trader Joe Greco, but they haven't hit their highs for the year. He's looking for energy and financial stocks to lead the way higher.

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New -- milestones. You don't record let me throw lightning round on what Nextel we've got Dow back about thirteen -- hasn't. About 14100. Does that mean it's straight ahead from here we have people back. Not necessary I think a lot of people view the market as a little -- at this point. What do you think well -- -- Any negative. Will come later this month war and you -- cataclysmic news out of Europe would certainly. Give us pause that none of that type in yet. To the extent I think people are anticipating that there will be a positive comment. An action in the month but. For right now it seems like the market -- going you're working on that level. Have the market its highs for the year. I do not believe that's the case. I think we will see higher odds at some point before this and -- are routed number I think fourteen. Twenty feet is probably Roosevelt. -- up without. -- the -- you know what I don't have an over there just guessing but also thirteen 900 what's going to be the way in terms effective -- -- energy is going to be big we've seen people back. Financials are gonna have to be the engine that drives the economy getting better and they've been a little bit. Little bit off -- -- and and one times so let's -- -- report -- -- -- record at what I'd like. I think -- -- -- utility pole of the year continues to you know because there. You know what to put -- out there and the desire for investors -- things of course that. Industry dividend plays -- effectively and I have a Mac yet that's right through the mostly forgotten forgotten thing but. Yes I think I think we will but we need we need to get a few things out of the way you physically this country needs to tighten up a little bit. We need to figure out what's gonna happen on November and we'll get that answer I think investors will be a little more confident and you'll get back to the market. Yeah wreck aspect thank you. I'm Rhonda schaffler that this --

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LIGHTNING ROUND: Equities haven't yet hit highs for 2012

Wednesday, August 08, 2012 - 01:57