Keith Springer, Interviewed Live on MarketWatch

July 16, 2010 - PRLog -- Keith Springer President of Capital Financial Advisory Services in Sacramento California Interviewed Live on MarketWatch

Relief Rallies are not built to last

SACRAMENTO, Calif. July 8, 2010 – Keith Springer discusses the bearish state of the market and reactions to the latest retail sales report and declining mortgage rates live with Andrew O’Day on Morning Stock Talk.

MarketWatch’s Andrew O’Day asks, with many negative weeks in a row for the market, and now indexes are higher this week, are we feeling better, or bargain hunting? Keith Springer, President of Capital Financial Advisory Services in Sacramento Calif. says, “we are deeply over sold, people are definitely bargain hunting. Everyone is bearish.”

O’Day says it’s easy for journalists to report, stocks are up after…?, He asks, are there any cause and effect relationships in the market today? Springer responds, “the market is up because it’s not a catastrophe. We are in a downturn with anemic growth. You must have a strategic plan in order to be positioned properly.”

O’Day finishes by asking, relief is not enough? “Baby-boomers have reached peak spending. What we need is more spenders now,” Springer continues. “The largest population is saving. We need more jobs and more importantly housing prices need to increase. Overall, getting lending is critical.”

Retail sales reports were releases, O’Day said and expectations are realistic, is this good? Springer says, “It’s not impressive. This is a sign of bear market, I want to see improvement. The economy is over burdened by leverage. Coming out of this bubble, must end in deflation, and that’s where we are headed.”

To view more live media interviews visit www.KeithSpringer.com and click the “Keith in the Media” link, email Keith@KeithSpringer.com or call (916) 925-8900

Keith Springer, President of Capital Financial Advisory Services, a SEC Registered Investment Advisory Firm, frequently provides commentary and analysis for various global and national media outlets. He has developed a proprietary process for successfully building tax-efficient retirement portfolios and has been providing specialty wealth management services for over 25 years.

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Keith Springer presedent of Capital Financial Advisory Services, a SEC Registered Investment Advisory Firm.He has successfully built tax-efficient retirement portfolios and has been providing specialty wealth management services for over 25 years.