Welcome back to another episode of Wall Street Unplugged!
My guest today is Rich Suttmeier, 40-year veteran of the markets and contributor to TheStreet. On this episode, Rich tells me that he predicts the Dow Jones will fall 35% by the end of this year.
He says the current problems in Greece will spill over to other countries in Europe, and the recent decline in China could pose an even bigger threat to the global markets.
Rich provides a game plan for investors to follow during this expected volatile period. He also recommends several stocks and sectors that should be avoided heading into this earnings season.
After the interview, I break down the energy sector following the recent collapse in oil prices. I will give you a few recommendations of my favorite stocks to buy, ones to avoid – and several names that could file for bankruptcy over the next 12 months.
As always, thanks for listening and good investing!