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I love joining Stuart Varney on his "Varney & Co." program on FOX Business Network – although I wish the news was better than what I've had to talk about lately.
There's been plenty to cover since the coronavirus slammed markets a few weeks ago. Now we're focused on what's next – are we at a market bottom, and is the government doing enough to help the inevitable economic impact we're facing as China, Italy, South Korea, the United States, and many other countries deal with the virus fallout?
These are the big questions Stuart had for me this week. In case you missed it, here's what I shared…
Looking for the Market Bottom
Shah on when we'll see the market bottom…
Shah: Unfortunately no, Stuart. On Tuesday, there was some sign of hope when markets closed on a high. I thought maybe stocks would settle in a little there – then obviously we saw selling overnight and in markets Wednesday, indicating to investors the worst has not yet come to pass. So I think we have some time to go – and it may be a matter of months.
About the Author
Shah Gilani is Chief Financial Strategist for Money Map Press and boasts a financial pedigree unlike any other. He ran his first hedge fund in 1982 from his seat on the floor of the Chicago Board Options Exchange. When options on the Standard & Poor's 100 began trading on March 11, 1983, Shah worked in "the pit" as a market maker. The work he did laid the foundation for what would later become the Volatility Index (VIX) - to this day one of the most widely used indicators worldwide. After leaving Chicago to run the futures and options division of the British banking giant Lloyd's TSB, Shah moved up to Roosevelt & Cross Inc., an old-line New York boutique firm. There he originated and ran a packaged fixed-income trading desk and established that company's "listed" and OTC trading desks. Shah founded a second hedge fund in 1999, which he ran until 2003. Shah's vast network of contacts includes the biggest players on Wall Street and in international finance. These contacts give him the real story - when others only get what the investment banks want them to see. On top of the free newsletter, as editor of The 10X Trader, Money Map Report and Straight Line Profits, Shah presents his legion of subscribers with the chance to earn ten times their money on trade after trade using a little-known strategy. Shah is a frequent guest on CNBC, Forbes, and MarketWatch, and you can catch him every week on FOX Business' "Varney & Co."