Ep 359: Rich Suttmeier - This Permabear is Now Bullish

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Business, News, Commodities, Debt, Investing, Macroeconomics, Gold, Personal, Uranium, Oil, Economics, Business News, Geopolitics, Industry, Crypto, Stocks, Curzio, Trading, Finance, Research, Investments, Tokens, Talk, Crisis

4.5 • 1.1K Ratings

🗓️ 28 October 2015

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rich Suttmeier, Founder and CEO of Global Market Consultants, explains why the recent correction in most stocks is providing a huge short-term buying opportunity for investors. He then shares his favorite names to buy right now. Rich also talks about the state of the U.S. economy. He says recent warnings from consumer giants Wal-Mart and UPS suggest consumers may be tightening their wallets heading into the holiday season. He also talks about the recent Federal Reserve meeting - and why near zero short-term rates are hurting - instead of benefitting consumers.

Transcript

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0:00.0	Wall Street Unplugged looks beyond the regular headlines heard on mainstream
0:06.1	financial media to bring you unscripted interviews and breaking commentary direct from Wall Street
0:11.8	right to you on Main Street.
0:14.0	How's it going out there?
0:17.0	It's Wednesday, October 28th.
0:20.0	I'm Frank Curzier, hosted the Wall Street Unplugged Podcast where I break down the headlines and
0:28.0	tell you what's really moving these markets.
0:33.0	I love Florida. Florida.
0:34.0	I'm starting with this story because something happened literally 15 minutes before I started
0:38.8	taping this.
0:41.8	Last month, my neighbor across the street getting a trees cut.
0:45.0	Went over to these guys to get an estimate because I need to get my trees trim.
0:51.0	It's been about two years and it gets a little crazy in Florida.
0:54.3	These guys are nice not to give me an estimate, walked around my whole house, I told
0:59.2	them exactly what I wanted and they said that their boss is going to call me you, later on today and give me a date when they can come.
1:05.0	So she calls me the next day and says, she can't get to my house until late October.
1:13.7	Okay, so this was over a month ago
1:16.1	when I asked these guys.
1:17.1	It was September, whatever.
1:19.0	And I was just like, could you guys cut my trees?
1:20.4	Now, that boss call me, she calls me, she's like,
1:22.2	you know, it's going to take a month for
	...

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