Date: November 26, 2013

LIVE from the Floor of the NYSE

I am going to be on CNBC’s Closing Bell on Tuesday, November 26, at 3:45 PM est live from the floor of the New York Stock Exchange. The topic will likely be the Dow’s recent assault on 16K and where it goes from here til year-end. As you already know, risk has increased substantially since mid October, but that doesn’t usually pick the exact top.

Last week, I did a really enjoyable and informative interview on Fox Business discussing the impending taper from the Fed on their printing activities and what it means for the markets and economy. People are back to that “greedy” feeling and are not concerned. Remember, those who ignore history are doomed to repeat it. Our economy needs to get to the other side of the next recession before we get back to “normal” behavior. Tapering now will accelerate the move to recession and a bear market.


Paul Schatz, President, Heritage Capital