Ep. 230 Richard Suttmeier: Thoughts from One of the Biggest Bears on Wall Street

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

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

4.6 • 1.1K Ratings

🗓️ 9 April 2014

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week, Richard Suttmeier, Chief Market Strategist at ValueEngine.com, joins S&A Investor Radio and share his market updates.Rich says stocks are incredibly overvalued. He predicts a 40% pullback in the S&P 500. Low-interest environment is not helping Main Street. It's not helping the consumer, and therefore you're not going to have much of a recovery.If the Fed continues to keep pumping the printing press, Richard sees a market crash ahead.Richard says we are in a market driven by speculative trading... Manufacturers are building inventory with their fingers crossed, home builders are starting to build on spec, and the banks are starting to lower their standards on mortgages.Rich does see value in two asset classes. He shares these vehicles in this week's show. And... should we be worried about a financial collapse in the future?Frank and Rich talk about the recent stress test with Citibank.It's another fantastic interview with one of your favorite guests... Enjoy!

Transcript

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0:00.0	S&A Investor Radio looks beyond the regular headlines heard on mainstream financial media
0:07.0	to bring you unscripted interviews and breaking commentary direct from Wall Street,
0:11.0	right to you on Main Street.
0:16.0	How's it going out there? It's Wednesday, April 9th, and I'm Frank Curziel, hosted
0:19.7	S&A Investor Podcast, why I break down the headlines and tell you what's really moving these markets.
0:28.4	A little bit of a different format today. I'm going to be doing a short podcast.
0:33.0	It's going to be one interview because I'm in New York City at an emerging markets conference,
0:38.0	actually an international conference.
0:40.0	I'm meeting the Vice President of Brazil and it should be really really cool he's the front
0:44.4	runner to become the president so you know I figured you know I have some good context in Brazil
0:49.8	I might be going to a world cup and I just want to ask him listen if I get in trouble is it okay if I
0:53.2	drop your name so hopefully he says yes but we're going to talk about economic
0:57.1	policy should be pretty cool looking forward to that meeting also speaking at
1:00.9	this conference is Woble Ross, Timothy Coleman, who's a head of distressed
1:07.0	investing for Blackstone, William Repco, who's a co-head restructuring practice of Evercore.
1:12.0	They're going to be in a big panel discussing global
1:14.8	distress asset investing, their outlook. I think that's going to be fantastic. This is something
1:19.3	that I'm very interested in. The reason why I bought into KKR I think it was at $13 and I knew that these
1:26.8	guys are going to get the edge and be able to go into Europe again.
1:30.4	It was during the credit crisis in Europe and I knew they were going to be able to buy
1:34.2	assets on cheap banks were being forced to sell our assets and KKR and a couple of the
1:38.0	hedge funds.
	...

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