Leuthold's Ramsey: Post recession, a major buying opportunity' in 2023

Doug Ramsey, chief investment officer at The Leuthold Group foresees 'the best buying opportunity in the global stock market for at least a decade' to come into view after the market goes through a recession and some pain in the first half of 2023. He believes that valuations will reflect the economic ills first, saying investors should be prepared for 'significant further losses' of as much as 25 percent before the market reaches the purchasing point. Talking technical analysis, Chris Vermeulen, chief market strategist at The Technical Traders certainly agrees with the assessment that trouble is coming, but he believes the downturn will take root and that any recovery -- at least anything occurring in the new year -- is likely to be lackluster. Plus, Chuck interviews Rob Wells, author of 'The Insider: How the Kiplinger Newsletter Bridged Washington and Wall Street.'