Keith Springer Quoted in CNBC Article

Sept. 28, 2010 - PRLog -- President of Capital Financial Advisory Services in Sacramento California Keith Springer Quoted in CNBC Article

It's NOT the Economy, Stupid: It's the Mess in Washington

SACRAMENTO, Calif. September 27, 2010 – Keith Springer provides analysis into how the government is affecting the current economic woes of the United States.

Jeff Cox, staff writer for cnbc.com says some pros, like Keith Springer, president of Capital Financial Advisory Services in Sacramento, Calif., think investors would be just fine with the kind of legislative gridlock that gripped Washington in the mid-1990s, when then-President Bill Clinton battled with a Republican-controlled Congress.

In fact Cox says, Springer predicts a strong rally if the Republicans manage to take control of at least one congressional chamber after the November election.

"There's a push-pull in the market right now where nobody wants to go through the pain of what we need to get the economy back in shape," he said. "But at the same time nobody wants to stop spending money to make it better."

Investors like gridlock in Washington partly because it removes the possibility of major changes being made that could rattle the landscape.

When the GOP wrested control from the Democrats in the 1994 mid-term elections, the previously moribund S&P 500 gained 34 percent in 1995, another 20 percent in 1996, 31 percent in 1997, 27 percent in 1998 and 19.5 percent in 1999 before hitting a wall in 2000.

"Gridlock would probably make this market soar," Springer says.

To view more print and live media interviews with Keith, 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.

# # #

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.