Blunt talk about the Israel lobby, and how it could push war and sink the economy. No, not on Chris Matthews. On Lou Dobbs’s Fox Business show last night, a money manager named Harvey Eisen of Bedford Oak Advisors.
DOBBS: Bottom line — a gist of how your outlook here. Complete the thought.
EISEN: The market is fine, but markets have to consolidate and correct. And I think we are going to have that over the next few weeks, months. Then people are going to say, wait a minute. And they’re going to cite all the problems. And of course, the big bugaboo in the closet, which nobody knows the answer to. If Israel has a war with Iran before the election and the president must support. Even the Republicans have to support it because of the funding from certain ethnic groups. The bottom of line is that could cause the market to go down, except we are in good shape. Rates are low, low, low and not rising. That’s the key.
DOBBS: In good shape. I would not go beyond that for anything. Let’s conclude there. Harvey Eisen, thanks a lot. We appreciate it. Good to see you.