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When will Wall Street distance itself from the Federal Government? Stocks tanked Monday by triple digits, a sign that the super committee failure took even seasoned investors by surprise. Could Wall Street be looking at this failure all wrong, could this actually be good for America, as former House Speaker and Republican Presidential candidate Newt Gingrich suggests? Newt Gingrich along with other stern economic analysts, believe this committee is the worst legislative idea. Should Wall Street celebrating its failure? Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Freedom Watch on Fox News to discuss whether investors should be happy that the super committee failed.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: analyst, economic, financial advisor, fox news, freedom watch, house speaker, investment, investors, legislative, newt gingrich, performance, portfolio, presidential candidate, sharpe ratio, stock market, super committee, triple digits, wealth manager