00:00Is there anything or could there be anything in the next few months from a Fed rate hike to some
00:04kind of just a feeling that you've had having been in the markets for so long that might make you
00:09think we're undergoing some kind of a major fundamental shift to this market and maybe you want to sit down
00:14with these indices and have a look?
00:17I think there's always something fascinating going on.
00:21Right now, the U.S. market is frothy.
00:23It's expensive.
00:25Never short sell a bubble.
00:26It can hurt you really badly because bubbles often have a blow off on the upside.
00:31But it doesn't mean you can't fade the bubble and move some money into markets that are cheap.
00:36Small cap value, Russell 2000 value or the Rafi small index gives you exposure to small cap value.
00:47But there's seven stocks on the U.S. stock market right now that are individually worth more than the entirety
00:53of the 1,400 stocks in Russell 2000 value.
00:581,400 good companies out of favor, relatively cheap, and the valuation spread is at record extremes.
01:06So the opportunity to say, okay, I'm going to take some of these gains off the table.
01:11I'm going to put it into small value.
01:14Beautiful opportunity.
01:15Emerging markets value represents another.
01:18Stellar bargain.
01:19Are those areas, though, that are set to outperform to the upside or is it better protected to the downside
01:23if we are in a bubble and if we are concerned with circular financing?
01:27Yes and yes.
01:28Yes.
01:31I like strategies that can do well whether markets are rising or falling.
01:37And that doesn't mean doing well while markets are rising means you're matching or exceeding the upside.
01:43Doing well while markets are falling can mean you're doing way better on the downside.
01:48You're losing much less.
01:50Either is a win on a long-term basis.
01:52If you are looking to see a show poll, do you receive a win on an untouched market?
01:52So what do you get is have a rock of for interest to go into the bank market.
01:52That's it.
01:52That's it.
01:52It's the truth here.
01:52So everything we are going to be referencing.
01:52It's love for information.
01:52I'm not going to see you in a chat.
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