Ed Butowsky, Managing Partner of Chapwood Investments Management, appears live on Fox News to discuss the current stock market rally and its impact on economic recovery. It’s well known that the month of September has been historically a volatile month. Currently, the market is showing positive gains for things like consumer confidence and blue chip stocks, but can this last? Is this rally helping our economic recovery?
Ed Butowsky examines this rally in relation to the liquidity crisis – it’s like driving a car. When you can’t see where you’re going you tend to slow down as the economy has done, and when you can see a little better you tend to speed up a little. Now that investors have a bit more clarity as to what is going on and what to expect, the market activity is picking up a little. Ed Butowsky is quick to point out that the market activity has nothing to do with anything positive this administration has done. To the contrary, things could be going even better if these policies had not been introduced. Some of these policies include:
- Bush Tax Cuts Expiring
- And others…
Ultimately we need something positive to help stimulate the economy and grow, and Ed believes that extending these tax cuts across the board will help this economy.
Tags: consumer confidence, gains, liquidity crisis, obamacare, stock market, tax cuts, taxes