Ep 359: Rich Suttmeier - This Permabear is Now Bullish

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.