This week’s Wealthtrack tries to look for the silver lining to this week’s continuing market crash. Consuelo Mack and her guests will examine the market for potential opportunities. Read more, or watch program…

From Consuelo Mack:

I am not going to beat around the bush. It has been another terrible week for investors and just
about anyone else who runs a business, government or central bank. All indications are most of the
developed world is going into recession and the developing world is feeling the effects.

Despite weeks of sustained, heroic and creative efforts by the Fed and central banks around the
world, including coordinated rate cuts yesterday with the Fed slashing the federal funds rate by
half a percentage point to 1.5%, the credit markets remain practically locked up. One glimmer of
light appeared today in overnight borrowing costs for companies. They dropped to their lowest
level in two weeks after the Fed committed to buy commercial paper. However, the much followed
London inter-bank offered rate, or LIBOR, for three-month loans rose to 4.75%, its highest level
since late December.

I don’t know what its going to take to turn this situation around but I do know that some of the savviest people I know believe that the selling we are seeing in the stock market has the makings of not only a bottom but also a phenomenal opportunity.

This week one of the investment greats is joining us in a rare television interview. He is octogenarian, Marty Whitman, the founder of the highly respected Third Avenue Funds. Mr. Whitman has managed the Third Avenue Value Fund since it started in 1990. He has been known as a deep value investor for more than 50 years and is author of two books – “The Aggressive Conservative Investor” and “Value Investing: A Balanced Approach.” He believes this is the kind of market that can make investors rich. He’ll explain why and most importantly how!

We’ll also be joined by famed money manager Hersh Cohen, Senior Portfolio Manager and Co-Chief
Investment Officer for ClearBridge Advisors. Since 1979 Hersh has guided what is now called the
Legg Mason Partners Appreciation Fund. The fund has been named to the Forbes honor roll eight
times for its long term market beating performance and value-oriented approach to growth stocks.
Hersh has invested through many different market cycles. We’ll find out what he thinks of the
current crisis.

We could not do WealthTrack this week without a better understanding of what the Federal Reserve is
doing along with central banks around the world. Few people know the mindset of Federal Reserve
Chairman Ben Bernanke and how central banks work better than NYU Economics Professor Mark Gertler. He is a close friend and colleague of the Fed Chairman having written nearly a dozen economics papers with him, as well as dozens by himself and with others.

And if you believe in inspiration from heaven, and I do, I have some amazing thoughts to share with
you from the late, great global investor Sir John Templeton. His wonderful, long time assistant
Mary recently sent me a memo Sir John had written more than three years ago, predicting a period of
“financial chaos”. It could not be more timely, and his wisdom will help us understand this period
and how to get through it.

Each of our guests will give us their “One Investment” recommendation for a long term diversified
portfolio. And in my action point I will share some research that illustrates the serious consequences of fleeing stocks.

You can always see Consuelo Mack WealthTrack online, both as streaming video and as a podcast. Just go to www.wealthtrack.com.