With the Dow Industrials already down 270 points midday today, we are resending John Kosar’s August 6th interview with the Financial Sense website‘s Jim Puplava.
From that interview:
Jim welcomes back John Kosar CMT, Director of Research at Asbury Research LLC. John notes weakness in various indices, and believes we may be in a rolling-over period. He is looking for a correction of 10% or so by October, which he would consider as a major buying opportunity. They also discuss the potential for the Fed to hike rates in September, and how the market may react. John also covers the recent market events in China, as well as precious metals and oil. Lastly, he mentions that the final three months of the year are seasonally the strongest for the market, with December the best month historically.