Ep. 230 Richard Suttmeier: Thoughts from One of the Biggest Bears on Wall Street

This week, Richard Suttmeier, Chief Market Strategist at ValueEngine.com, joins S&A Investor Radio and share his market updates.Rich says stocks are incredibly overvalued. He predicts a 40% pullback in the S&P 500. Low-interest environment is not helping Main Street. It's not helping the consumer, and therefore you're not going to have much of a recovery.If the Fed continues to keep pumping the printing press, Richard sees a market crash ahead.Richard says we are in a market driven by speculative trading... Manufacturers are building inventory with their fingers crossed, home builders are starting to build on spec, and the banks are starting to lower their standards on mortgages.Rich does see value in two asset classes. He shares these vehicles in this week's show. And... should we be worried about a financial collapse in the future?Frank and Rich talk about the recent stress test with Citibank.It's another fantastic interview with one of your favorite guests... Enjoy!