Investment Advisor Management
I am going to be on CNBC’s Squawk Box on Wednesday (11/21) at 6:20am discussing the Fiscal Cliff, our forecast to year-end and the potential for recession. After that, I hope to have a Street$marts to you by the end of the day.
Just in case I don’t, I wish you and your family a very happy Thanksgiving!
Paul
I am going to be on CNBC’s Closing Bell with Bill and Maria at 3:00pm est today discussing the market’s path over the rest of the summer and how “quiet” it has become as earnings season really cranks up this week. Almost every article, tv segment and conversation about earnings has been so negative that it seems like much has been priced into the stock market. Could a small upside surprise lie ahead?
This lack of significant volatility is typical of election year summers (except for 2008), but that should change after the conventions later this summer.
On Friday’s CNBC segment, I spoke about the range bound market with the potential for a fall swoon before the election. But in any market, there are always opportunities and this time is no different.
http://video.cnbc.com/gallery/?video=3000101361&play=1
So far this week, stocks have not behaved well, but it’s far from a rout and the trading range continues. On Wednesday, we get a peak at the minutes from the Fed meeting and folks will take any scrap of comments that leads to QE3 coming. As I have said since QE1 was launched, we will see QE2, 3, 4, 5 with the Fed’s balance sheet approaching $5 trillion.
I am going to be on CNBC’s Closing Bell with Bill & Maria today at 3pm discussing the less than positive jobs report as well as the harsh market reaction and the potential response from Bernanke & Co.
As soon as I finish wrapping up my quarterly report to clients, I will publish the next Street$marts with some comments on the European Central Bank’s recent action and what the Supreme Court’s ruling on ObamaCare means for the economy and markets.
Have a great weekend!
Paul
I am going to be on with Maria and Bill at 4:10pm today discussing ethics versus business on Wall Street in the face of Facebook’s epic bust. Now that should make for interesting conversation!
I am going to be on CNBC’s Closing Bell with Maria & Bill at 3:10pm today discussing (defending) why I am the only treasury bond bull left on earth!
