PowerTalk – The Fiscal Cliff, Debt Ceiling, The Economy & The Mood On The Floor of the NYSE
This week’s PowerTalk interview is with Keith Bliss, Senior Vice President at Cuttone and Company, one of the largest floor brokers on the New York Stock Exchange (NYSE). Keith is an old friend of mine, and he shares what he sees from the trading floor these days. He starts the conversation off by saying 2013 is shaping up to deliver a lot more of the same for investors as 2012 – mixed economic signals, political battles and all.
We also cover why the U.S. equity markets are still the best place to put your money, how to put ETFs to work for you, the risks investors face in 2013, the looming debt ceiling crisis and how you could be affected if Washington doesn’t get a deal in place, taxes, unemployment and more!
We also touch on the what the impact of falling trading volumes and commission compression has meant for the trading exchanges like the NYSE Euronext (NYX) and NASDAQ OMX Group (NDAQ), but also those investment banks such as FBR & Co. (FBRC), JMP Group (JMP), Ladenburg Thalmann (LTS), Jefferies Group (JEF), KBW, Inc. (KBW), Piper Jaffray (PJC) as well as the bulge bracket firms like Goldman Sachs (GS), JPMorgan Chase (JPM) and others.
Finally, we take a look at the potential threats that Keith believes could derail the markets and the economy in 2013, including energy costs, politics and currency wars.
Click here to listen to my PowerTalk with Keith Bliss of Cuttone & Co.
Also in case you missed our last few PowerTalk that interviews, they can be accessed here:
More on PowerTalk as well as my investment newsletter PowerTrend Profits can be found at ChrisVersace.com. Follow me on Twitter by clicking here.