Street Fight

" Time now for street fight -- one thing has worked for the market it is the weak dollar strong stocks trade recently but in the recent dollar rally is putting that trading jeopardy our next -- as a strong dollar Clinton backed. Be good for some stocks Gary Kaminsky as a former managing director Neuberger Berman and of course a friend of fast -- always a pleasure to see you."

" Good to see you loan and the key -- there was some stocks because. What I think is happening right now is not a correction. I'm I think we have a rotation going on their rotations in terms of the dollar in terms of what stocks as PM once portfolio managers that you want to own right now. Because the short the dollar trade was probably has touched upon on the show on Friday night the most overcrowded trade with the might -- seen since the the dotcom bubble. -- mean everybody whether it's your sister. The hot dogs -- around here will might do or what somebody's expels the fact of the matter is everybody was short the dollar and who was playing -- markets. -- on that Gary is is this rotation a reaction. -- and his sister said an actual rotation I don't think it is so -- I think you're saying because of of this dollar short the short dollar -- people are moving and that's starting to come on done I think I'm I'm confused as what I see what -- what I see is -- the fact is that you everybody that was short the dollar who was long the equities were benefiting for the last six months and certainly last three -- when it's really been. A very high correlation is now recognizing you cannot have a recovery. In GDP you cannot have a recovery in the economy. And have 0% interest rates so a lot of talk to -- the last five days has been about the fact that we're leaning now towards. The Fed haven't really short term rates -- it colonel Peter mentioned the UP TF last night. And this is something that many people are many PM and a long equities and trying to harvest some of the game they have in the commodity and age related stocks. All are hedging out their portfolios I don't think this speculators I think this is repositioning right now. Because you gotta recognize that rates all you cannot have an economic recovery and rates zero so on the equities I want to buying opportunities if you believe that the dollar will get stronger. Well the dollar will get stronger because interest rates have to go up right economy strengthening and so what you need to do is got to reposition your portfolio with some of the can only names. The benefit. With higher rates. And -- let today -- Procter & Gamble and whether or not at Yale wanted to talk about last week which will benefit because of the trade with the oil prices coming down. And Joe thinks that all of what we we sort of want in the military is where we think oil's gonna go. But a stronger dollar is going to mean lower commodity prices and it's going to mean. Low prices and those stocks are about how long as the dollar going to strengthen -- you think this is a multi week multi month how long as the recovery in the dollar in the last. Remember I'm not predicting eight -- major change in the long term trend we keep printing money only to continue to keep printing money did to stabilize and keep the economy on crutches. What I see is that there's not enough. This is not enough supply demand in terms of making the dollar the Lawler. So is -- going to go much higher -- but remember PMs portfolio managers. A reposition their portfolios right now it and so light I think you should be doing the same in terms of trying to protect themselves so if you own that many of these energy or commodity related stocks. Considered putting ahead John Q did this you PT yet because you do want to protect your self that's what's going to happen in the next several weeks."

" Okay -- good advice up thanks so much Gary Kaminsky. I have to ask my -- of the day and tonight we ask you all out there. Family Dollar always good for these stock market and because -- a special day the Yankees are playing the Phillies night it got every trick is for you -- yes -- C. Not a factor. -- to seek the bonus. I was. A lot of that I -- again that's kind of a nice gratuitous use of the World Series to just isn't what -- how we live in New York it's exciting night."