Richard Suttmeier's  Instablog

Richard Suttmeier
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I am the Founder & CEO at Global Market Consultants, Ltd. I consider myself as a Financial Engineer with an engineering degree from Georgia Tech and a Master of Science degree from Brooklyn Poly. In 1972 I began my career in the financial services industry trading U.S. Treasury securities in the... More
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Global Market Consultants
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  • Bank Failures, the FDIC, and Fannie and Freddie 0 comments
    Jul 27, 2009 6:54 AM | about stocks: FNMA, FMCC, SPY
    ValuEngine’s “Four In Four”
    Featuring Richard Suttmeier, Chief Market Strategist Welcome to ValuEngine’s “Four In Four”. I’m Richard Suttmeier, Chief Market Strategist.Bank Failure Friday adds seven with more to come. The FDIC will struggle with future failures. Fannie Mae and Freddie Mac expand, but must contract in 2010. The daily chart for the S&P 500 remains overbought.The FDIC closed another seven small banks on Friday. The FDIC is between a rock and a hard place with regard to handing future bank failures.  My update on Fannie Mae and Freddie Mac - the biggest costs to US taxpayers The daily chart for the S&P 500. For more information on our products and services visit
    Stocks: FNMA, FMCC, SPY
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