Last Friday, as the Dow Jones Industrial Average hovered around minus 400 points for the day, I started working on a piece regarding the recent market volatility and the widespread perception that China, oil and a misguided Federal Reserve are leading us into a bear market and a recession. I had just gotten started when the following video from Brian Wesbury, Chief Economist at First Trust., arrived in my In Box. Brian not only addresses these issues, but makes some comparisons that I had not considered to the Penn Square Bank failure and the Japanese and Latin American troubles in the 1980’s.
Bottom line: Brian sees this as a buying opportunity.
The information contained in this report does not purport to be a complete description of the markets, or developments referred to in this material. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Any opinions are those of Don Harrison and Brian Wesbury and not necessarily those of RJFS or Raymond James. Expressions of opinion are as of this date and are subject to change without notice
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