 The stock exchange is open and we're taking a look at the big board plan things don't look that bad things don't look that bad indeed and that's because you know we have a very strong economy and so the market has been weak over the last couple of weeks in fact last couple of months and that's probably going to be like this for the foreseeable future where we're going to see some gyrations because of what we expect the Fed action to be tomorrow we're going to be watching that obviously so let's get straight to Melissa Armo she's the owner of Stock Swoosh and she joins us on the phone to talk us through this so Melissa we've been talking a lot all week about the stock market and one of the things that we've tried to at least impart on our viewers is that because the US economy is doing so well and employment is down inflation is low there is a chance there is a chance that the the the economy could overheat which is why we're expecting the Fed the Fed action tomorrow to try and tamp that down but we will continue to see the market sort of move in these volatile quarters over the next over the next foreseeable future well good morning thanks for having me yes i i'm actually bullish in the market long term despite the sell-off recently i mean everyone is acting like it's panic city usa but if you if you look at the the trend the trend is still holding in the market and i think we're a long way off from a recession and it remains to be seen if the Fed is going to raise rates tomorrow now let's say they do i think the market is expecting them to do that so if they don't then the market could have a big rally it's not to say that the Fed isn't going to continue to raise rates they will but i don't think they have to raise them quite as fast as they've been thinking that they need to so then you know prior to this morning we've been talking about this sell-off this sell-off the sell-off can we read anything into it well there's been several reasons for the recent sell-off one is the expectation of Fed is going to raise rates another one is the possibility of a government shutdown friday the market doesn't like that another thing is all of these political things that are happening with the molar investigation and of course the tariff issue the trade war that's been going on with china is going to continue at least into early 2019 and once that 90 day deadline is up we'll have to see if any is going to get resolved because they had a summit back at the end of november if you remember and they halted the increase to the tariff so if something gets resolved within that 90 days i think the market's going to be very happy about that but if not then the tariff war would China could go into you know into the summer even in 2019 or beyond and i think that is the biggest thing overall that's weighing on the markets right now in the next you know three to six months everything else we'll know like we'll know the feds could raise rates but tomorrow and i'm sure even if the government gets shut down friday they'll they'll figure out a way to get it back up and going again but there's just so many things that are coming to a head just in the last week yeah and i like your outlook melissa you know we when i worked at alliance Bernstein we used to always say look for especially for investors out there who are not institutional players these gyrations are if you you know love the stock market if you love the particular stock at a certain price and it and it dips a little uh then this is it represents a good buying opportunity but generally smaller investors should have a three to five year look outlook anyway and so what we've seen in the last couple of weeks shouldn't affect the portfolio long-term and you said you're bullish so i think people and i you're gonna remember the market just made new highs at the beginning of october and that was only two months away so when you put it into perspective the rally that we had really since november 2016 we've had a i had a huge move so people are up so this is profit taking that you're seeing it's not like it's selling where people are down unless they got in really really late but i will say this the volatility that we've seen in 2018 is like a baby compared to what i think we're going to see in 2019 that could be like a like a land and a lion i think there is more volatility in 2019 so people need to be ready for that whatever their time horizon is they need to get with their financial advisor before january and have an outlook and a plan of action because again i'm bullish in the market but it doesn't mean we're not going to have these wild swings i think we have more of these wild swings because everything is coming to a head with with the trade wars and that could all be resolved in 2019 but until then we could see a lot more swing we gotta have melissa back on yeah good advice melissa you need to come to the set and talk to us about this we appreciate it exactly well thank you so much melissa thanks happy holidays happy holidays