Keith Springer of Springer Financial Advisors Live on Fox Business News

Local financial advisor, Keith Springer, of Springer Financial Advisors is quoted in the weekly issue of the Sacramento Business Journal discusses how law firms are seeking disgruntled SureWest shareholders after acquisition.
By: Keith Springer
 
April 16, 2012 - PRLog -- Keith Springer comments that the Dow could top 15,000 in the next few months

SACRAMENTO, Calif. April. 13, 2012 – In an interview with Charles Payne, Keith Springer comments that the Dow could top 15,000 in the next few months, “It’s not because things look great for the stock market, for the long term, Charles, you and I both see eye to eye on this market, but, there is a lot of liquidity in the system. There’s 15 trillion dollars that wasn’t in the system a few years ago; the Fed balance sheets are almost up 3 trillion, ECB is at 3.5 trillion.”
“There’s a lot of money chasing this, they are chasing risk assets, they are going to push things higher,” says Mr. Springer, “Earnings are probably going to be better than expected, typically we get that, we will have a little lull before earnings – and then we have a little push towards earnings season. …We have an election year, let’s face it, the fourth year in an election year is positive”.
“I think things push a little higher, people are going to be chasing - people are going to be looking for returns,” continues Mr. Springer. “But I do think it peaks this year, I think this is the best we are going to see in the next few months”.
Charles Payne from Fox Business News states, “If it sparks from here to 15,000 Keith, I would think that you would get some sort of a pull back, but, I’m still trying to figure out the catalyst”
Keith remarks, “The parabolic move is going to happen when people start to panic, people start to feel that they’ve missed it, and that’s what’s going to happen. We’re seeing the institutional traders, they always get in early, they’re always at the forefront and that’s what we’ve seen the last year-year and a half. People are going to start to panic and feel like they are missing out, and they are going to eventually want to jump in, they are going to want to be a part of this. You can’t sit in the bank, you can’t sit in treasuries - you are going to see that parabolic move - when people feel they are going to miss out if they don’t get in.”
Charles Payne from Fox Business news asked, “Every morning I wake up I look at 3 things…China, the fed and Apple, if one of those is off, I know it’s going to be a tough day for the market…are you feeling all the anxiety over China’s hard landing, is it over blown?”
“I do, we have to remember two things, one, China is essentially the worlds factory, they are making things for the rest of the world, Europe is going through a slowdown and a recession, naturally things are going to come in, orders are going to be lower; but another thing Charles, they are a closed society, they release things based on when they want too. Now, China has done a good job on raising interest rates, and raising bank requirements to slow their economy down…I think it’s a little overblown for the time being, I think China’s probably a little stronger than what people give credit for…they eat up a quarter of the world’s oil, they eat up a quarter of the world’s steel and iron ore…there’s a lot more room for China to grow here. I just think that it is a little bit overblown…”

To view more print and TV media interviews with Keith, visit http://www.KeithSpringer.com, email Keith@KeithSpringer.com  or call (916) 925-8900. For up-to-the-minute market updates visit his blog http://www.KeithSpringer.info .  In addition to his work as an expert financial advisor, Keith provides customized mortgages and consulting for homeowners. This information can be found at http://www.KeithSpringerLoans.com.

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Keith Springer is the author of "Facing Goliath: How to Triumph in the Dangerous Market Ahead", radio host of "Smart Money with Keith Springer" on Talk650KSTE, editor of "Smart Money Newsletter", a financial planner, a market technician, a financial writer, multinational philanthropist, founder of Top Down Tactical™ and President and founder of Springer Financial Advisors in Sacramento CA, an SEC Registered Investment Advisor. He has developed a proprietary process for successfully building tax-efficient and retirement portfolios and has been providing specialty wealth management services for over 25 years. He can be reached at 916-925-8900 or Keith@KeithSpringer.com.Keith Springer President Of Springer Financial Advisors has developed a proprietary process for successfully building tax-efficient and retirement portfolios and has been providing specialty wealth management services for over 25 years.
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