Title: What to do in this market

" What to do in this market party will bull or bear or a check of some thoughts tonight on what's worth a look rob -- this president and CIO of Cabot money management. Salem Massachusetts wrote thanks for coming by tonight. We've a lot of money on the sidelines in this market he thinks the time is right for that money to move back you."

" setting a bottom in the markets really a process that takes time. I think I like the old adage on Wall Street that -- of bull market climbs a wall of worry. And today if we look up near the information you've been reporting it regularly. Over the last three or four months to wallow or is as high as -- I think it's been in the last twenty or thirty years. Recession problems earnings problems job problems tax problems. All of these problems will eventually be solved in the UP. Concord and as they are the market will climb higher. And it's not about market time its not about hitting that absolutely look exactly yours so -- what recommending that your clients cost average your. We've been defensive over the past for years but actually starting about three or four weeks ago we started putting money back into the market. I think there's several other really interesting areas of the market today. Energy technology. And emerging markets are some of the favorites. Like today are you recommending individual stocks or market test -- highlight individual stocks that's my favorites some great ways to get exposures through exchange traded funds particularly in the financial area if you've been light financials today. You get very good exposure to a broad section there it's very hard to pick the winners and losers today. But I feel very confident -- longer term the financials are going to write themselves. Let's talk about some of those individual sectors and stocks technology first when it. Qualcomm is my favorite pick right there. Qualcomm as a leader in wireless they -- the technology for three G technology. Wireless broadcasts that we believe worth of really beginning stages of a very large growth phase in wireless. If you look at your house your car. Anything you won't it will eventually be collected connected to a computer. And now Qualcomm is the licensing technology that it owns the ability to do that what was your read on the Intel earnings report the lack of clear guidance going -- don't expect to see any good news out of most corporations for quite some time to argue I think. This is standard procedure on the market is going to reflect six -- nine or even twelve months from now so. Of course we're gonna see weak earnings out of companies like Intel today. What's more important is they're gonna give you some kind of indication as to. Gradually consumers' are gonna come back and things are gonna be improved I don't think it's gonna happen next week or next month. But over time things will get that the energy sector what -- you like traditional energy stocks the oil companies do oil services companies are some of these alternative energy companies that are making deployed I like conventional energy right now I think alternative is going to be a great long term play. It's a little bit early. What's interesting today as many of the energy companies have come down in half for maybe 60% from where they were before. On the long term believer that when not going to leave oil and gas anytime soon. And those companies particularly companies like neighbors industry this is a contract killer thriller that does -- oil and gas land based. Very good company and that's a company that can now perform well over the coming year overseas you like China. I've I've been investing in trying Harrison's 2002. And I think China is still growing at about 68% a year or so while the rest of the world is in recession they're still growing and I think they're gonna continue that growth but."

" Given the environment where there has been a lot of worry about transparency in the investment world. Now do you worry about transparency when the Chinese Government reports its first quarter GDP to."

" Yeah I mean there's always questions about the data coming out of China I think trying to do here is generally better than most people give it credit for and I am very optimistic that that. Economy is going to be an economy do you need to have exposure to do do well investing in the coming decade and."

" In the past as recently as the middle of last month you were recommending gold when it was up over 900 dollars announced today under."

" just slightly under 900. I think down you showed attacks segment earlier on when he -- broadcast here people concerned about the spending that's going on in Washington. Central bankers throughout the world today you are spending with the abandoned. And they are -- evaluating. Their currencies in all of these countries so I think investors today need to look at what is stable value what's real value. Gold represents that and it's one of the few things that really can do that and not be debased by what's going on in. And training of money because that's essentially what's happening in in Washington date -- printing money in the making them money and yours in my wallet worth less every day. We'll leave it at that droplets from Cabot money about it with this evening thanks for coming by an asset okay."