Take on the ticker
What moved markets last week?
"What moved markets (last) week was a combination of positives, earnings numbers, at the beginning of the week … But ultimately it was given back (when) AIG and Dell Computer -- as two big names in the stock market -- had bad (earnings) reports."
What did you make of Fed Chairman Ben Bernanke's comments on the economy?
"Ben Bernanke, I think, is focused on a term that he feels is very personal to him: that term is 'stagflation.' And stagflation is, simply, when you have inflation with a lowering or slowing of the economy. That is very personal to Ben Bernanke. So his focus is not to go into stagflation … All indications to me are that we are in a recession. But I will accept President Bush's statement that we are not in a recession, we are in a slowdown."
More Coverage Audio Take on the ticker
Oil hit record highs last week. Is it still a good investment?
"Oil is a great investment. It is one of the things you want to own because of oil prices. You also want to own it in a recessionary period. But most importantly, oil is going nowhere but up."
What about another commodity, gold?
"As long as inflation is here. And inflation isn't just here, it's across the world right now. China is experiencing it. Europe is experiencing it. When inflation is present, gold and other natural resources are good investments. Now, how you invest in it, that is a different topic. But definitely, gold is something to own right now."
China's stock market is down 32 percent. Should investors be wary of Chinese investments?
"It's a buy. Any time something dips in China, it's a buying opportunity. China is becoming more and more the place to be invested in. All markets fluctuate #8230; If you look at a reduction like that, it is relative to an emerging economy."
What could move markets this week?
"What I think could move markets this week would be positive earnings numbers coming out. I think everyone now is just trying to find positives in something. If we could hear positive earnings numbers, if we could hear any type of positive economic outlook, it could move investors back into the market."