Ep. 497: Rich Suttmeier: The Ultimate Bear

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

🗓️ 8 March 2017

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

Hello and welcome back to another episode of Wall Street Unplugged! On this week's show I'm joined by market veteran - Richard Suttmeier. Rich has been analyzing stocks for over 40 years and is a weekly contributor for Forbes and TheStreet.com. He is the founder and CEO of Global Market Consultants. There's one thing about Richard that sets himself apart from any other guest I have on the show… He is the ultimate bear. But I don't blame him either… Rich is one of the few analysts I know that dives into data he calls “the balance sheet of the US economy.” Otherwise known as the FDIC Banking Profile. And on today’s episode, he takes us under the hood of the fourth quarter results - suggesting that some stocks have rallied too far, too fast. Rich brings the "overbought" argument back to the table. And highlights the several risks stocks are still exposed to… despite deregulation and other pro-business administrative efforts. He explains why investors need to play it safe and book their profits now, before it’s too late. As Richard puts it, a market correction is going to occur a lot sooner than expected. Now I can’t agree with everything… But as investors, it’s always important to look at a different perspective. And although Richard presents us with ideas that might sound extreme, let’s face it, you can never be “too safe.”

Transcript

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0:00.0	Wall Street Unplugged looks beyond the regular headlines heard on mainstream
0:06.0	financial media to bring you unscripted interviews and breaking commentary direct from Wall Street
0:11.7	right to you on Main Street.
0:14.0	This is going out there, it's Wednesday, March 8th.
0:18.0	And I'm Frank Curzy, a host of the Wall Street Unplugged Parkcase
0:21.0	why I break down the headlines.
0:22.0	End. Wall Street Unplugged Podcast, where I break down the headlines and...
0:25.0	Tell you it's really moving these markets.
0:31.0	Going out to the outlets this past weekend with my wife.
0:34.0	I mentioned last week that we're going away for the weekend for a 10 year anniversary
0:40.0	and we need to get some summer gear since she surprised me with a trip again for a 10 year anniversary to the Bahamas
0:46.3	I have to tell you if you're in the Bahamas next week don't say hi or even look at me
0:50.7	My wife made this own me. Yes, my wife kind of owns me.
0:53.8	Since I've been working 24-7 to get my new newsletter launched and she made it clear
0:58.8	that we're spending some time alone, which is cool. Any other time, free to say hello ask me questions about
1:03.9	stocks. I just don't want to see when my faithful listeners get shot. But I'm just
1:09.1	kidding we do need some alone time since we've both been extremely busy over the
1:12.3	past six months and I've
1:13.3	opened the business and just working like crazy and everything in order for you guys
1:16.1	so I really can't wait to have fun and relax a little bit to be honest so it should be
1:20.2	pretty cool but what to the point here I think there's a lot more
1:24.8	paying for retailers ahead I'm getting questions should I buy Macy should I
	...

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