"The MoneyMan Report" with Dan Frishberg on Thursday featured guest Shah Gilani, Contributing Editor at Money Morning.
In his Market X-Ray, Frishberg said that while we're in the middle of entering into a correction, investors should not take their eyes off the real story - the improvement in the markets and economy. Because of the strength of the correction, investors could panic and lose sight of the fact that this is still a bull market with good fundamentals. Investors should expect to see growth in the U.S. in the long term.
Gilani, widely regarded as one of the most successful traders in Chicago and on Wall Street, spoke with Frishberg about the coming rise in volatility in the stock market. He said that this period will provide a great opportunity for individuals to invest directly into the VIX, either via ETF or the options market. Gilani emphasized the need for investors to not underestimate investment risk, especially with municipal bonds. If there is a wave of investors who forget the risk with munis, there could be a fiasco similar to the mortgage bond crisis.
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In his two hour daily MoneyMan Report, Daniel Frishberg has created one of the fastest growing sources of information on investing and trading in the country, now reaching audiences all over the U.S. Dan’s program is regularly picked up on major web portals like Market Wire, Forbes, Dow Jones, and Yahoo Finance. His stock picks and strategies are reported regularly by www.thestockadvisors.com, AOL and MSN.