“The markets are up this week because it’s seeing good news,” says Shah, on a recent episode of Varney & Co. Both oil and commodity prices are on the rise, but he explains whether the market will continue to be buoyant as it continues to “float” on this good news. Of the 30 stocks in the Dow Industrials, a whopping 28 of them are up. Shah gives the one reason why these stock are surging… it’s not what you may think.
Shah then discusses why the U.S. government’s tax collections have reached a record high this year. He also reveals who could be feeling this $1.48 trillion hit the most – and how it could be the new “norm.”
“Eternal Bear” Harry Dent believes the U.S. markets are on target for a crash just like China. See Shah’s response to his predictions and his reasoning for when it’s a good time to be a bear – and even a bull – in today’s markets.
See the full video below.