This clip is brutally honest. Good for him. He may well not be asked back as a guest however…Andrew Smithers, founder of Smithers & Co., talks about the outlook for equities and methods for valuing stocks: Watch the Bloomberg clip here.
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Clearly Ms. Nemazee did not like the off script answers she was getting.
Excellent!
reminds of some of the clown analysts on bnn who continue to ignore the fact that the S&P has done nothing for 13 years. To expect the market to climb from these levels bringing the price of oil higher along with it is ridiculous. not advocating timing but to blindly buy so called “cheap stocks” and holding them no matter what is and idea that may have worked from say 1975 to year 2000 but pull up a 13 year chart of the s&p and you can see that we have stalled out and are in a choppy environment.