guy spier pictureGuy Spier, chief executive officer of Aquamarine Capital LLC, discusses the outlook for stock markets. He speaks from Zurich with Francine Lacqua on Bloomberg Television’s “On the Move.” (Source: Bloomberg)

Guy Spier says that the tremendous amount of fear is a great sign to buy, such as the flight to treasury and Switzerland charging fordeposits.

Guy says all the companies are reporting good profits that he is looking at; such as Heinkein and American Express.

Guy thinks that stocks are safer than treasuries.

Guy like the banks which now have very high net interest margins.

The Nikkei is at 25% of where it was 30 years ago. There are net nets, that are cash flow positive in Japan.