Fiscal cliffs. Sequestration. Stasis in Washington, D.C. The topics have been the talk of the nation for weeks, but they also have a profound effect on financial markets and thus investors.
Author and cable business news stalwart Jeffrey Kleintop offered market analysis Tuesday at a Southern California financial seminar on the economic outlook for 2013.
The financial expert said that with the situation in our nation's capitol, it will be a time of ups and downs—especially for the first quarter of the year.
Kleintop, the chief market strategist of Boston's LPL Financial, fielded questions long after his presentation hosted by the Gensler Group in Coronado, CA, was over.
The mostly boomer-age or older crowd asked about the possibility of curtailing entitlements like Social Security for future generations to offset the deficit and how Europe has handled its deficit crisis compared to the U.S.
For more of Kleintop's views, see the videos in the media box.