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[0:36] ..." to get help monitor on the system. And that's really look at financial markets not only domestically but worldwide economy looking for because the main problem that -- our personal several days. And then not broken"...
[2:23] ..." of strategy though -- in the banking industry economics are Wachovia Wells Fargo. Our bank like that in the ignore those banks because they'll be around and it very good buys right now and then finally -- don't be shy about looking abroad. The European stock markets has an excellent opportunities and do emerging markets. "...
[0:00]" Time for our before the bell stock report Bob -- to CEO Jenna station intra day curse of this morning and Bob good morning. Course we are looking forward to use this Fed meeting what's your best guess."
[0:12]" Well -- by Marc says is that before although several days Devonshire they have not been monitoring the whole situation and participating and I suspect that the president equally -- it made a point reduction in this key lending rate would be very very well received. And I think go along lately about and to restore additional confident that the that fact is -- to get help monitor on the system. And that's really look at financial markets not only domestically but worldwide economy looking for because the main problem that -- our personal several days. And then not broken confident broken -- international markets that between major factor. And the CEO for example -- Stearns did himself I think she's just there. By not being for right now last week or even earlier about the problem that you have. I think he's he's done that the principal markets that are responsible but differently but the -- that would have had but not a lot -- by the defendant here and they're going to participate and I think they're gonna monitor the situation very very closely be aggressive because it is an old."
[1:19]" I think that's a very good point you make about confidence just to that and what does the average person do in these times."
[1:27]" Well broke before most the recognized that that the bank is and that there's the very strong economy. You know in general we used to have an excessive amount of debt at the moment it's he's not a weak economy it's just say -- the economy and stretched too thin because of some credit instruments so that would take into. But the two things that the that the average consumer or average president should be doing right now on is be very very cautious -- tragedies of debt. Particularly home equity laws dark -- that at all. And secondly you have liquidity don't ignore the opportunities that exist in times like -- mean when you look back at that historically China like 1987 -- they want to crash occurred it was big opportunity about. Right right now left for example the pharmaceutical stocks I -- Terry -- dividends like Bristol-Myers Squibb and Pfizer for example that a lot of strategy though -- in the banking industry economics are Wachovia Wells Fargo. Our bank like that in the ignore those banks because they'll be around and it very good buys right now and then finally -- don't be shy about looking abroad. The European stock markets has an excellent opportunities and do emerging markets. "
[2:44]" All right Bob we'll have to leave it right there right thank you for the --"
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