Below are highlights and the embedded video.
*S&P: "I think starting point, fair value for the S&P, based on a reasonable long term earnings trend, is 850." (he thinks the 2nd half of the year will be difficult).
*S&P Technicals: "If we can break through that (1180-1220 resistance) on a 2-3 day consecutive basis, 1320 is the next level. If we can't break it we're back down at 1040 I think very quickly."
*Eurodollar: "I think the Euro is going to parity. Short-term I thought we'd have a stronger bounce."
Treasuries: "Ultimately, I think Fed policy is about creating inflation so long term, I think there’s a problem there."
*Gold: "I think we’re in an era of destruction and fear of money, I can easily see $1,500 an ounce this year."
*Treasury yields: "Well if you multiply the money base many fold, think of a number, double it."