Frank A. Cappiello is Chairman and Managing Director of Montgomery Brothers, Cappiello, LLC, an investment advisor with offices in  Washington, D.C. and Baltimore.    He is one of the country's leading financial analysts.  He is an expert on the national economy and a recognized authority on investments.  His background in economics is extensive: formerly the Chief Investment Officer for an insurance holding company as well as Research Director of a major stock brokerage firm and for more than 20 years, he was President of McCullough, Andrews, & Cappiello, Inc., an investment advisory firm.
 
He helped found and served as a Director/Advisor to a successful venture capital fund and is also a founder and past director of a small business commercial bank, The Bank of Maryland which eventually became part of BB&T Corp, a $44 billion bank holding company.

He is the author of four books, one of which: "Finding The Next Superstock" went through eight printings and sold more than 95,000 copies.  This book sets forth a blue-print for finding the Wal-Mart's and Microsoft's of the future.  

Mr. Cappiello has been a faculty member at Johns Hopkins University and Distinguished Visiting Professor of Finance at Loyola College in Maryland.

Frank Cappiello is best known to television viewers as a regular panelist of the PBS television series "Wall $treet Week With Louis Rukeyser".  This nationally telecasted program was shown weekly on 250 stations with a viewing audience of nearly 3 million people.  A panelist for 32 years, he was on the first show in November 1970 and on the last show, March 22, 2002.  He was also a regular panelist on Mr. Rukeyser’s successor show:  “Louis Rukeyser’s Wall Street” which ended on 12/31/04.  He has been a frequent guest on the ABC network television program, "Good Morning, America" as well as CNN's "Money Line",  and CNBC.  He is also a regular participant on Business Talk Radio’s – “The American Scene with Steve Crowley.”

He is a graduate of the University of Notre Dame and Harvard University's Graduate School of Business Administration.  He holds an honorary Doctorate in Business and Economics from Milwaukee School of Engineering.

Mr. Cappiello served in the Marine Corps as a Lieutenant in an automatic weapons battalion.  He is a recipient of the Navy Combat Ribbon.

Frank Cappiello's keynotes are an economic and financial forecast of the next eighteen months including an overview of current economic trends in the U.S. and some comments on global competition.

The Global Economy and Wall Street: Perils & Possibilities, A View from Wall Street 2009 - 2010
Part I : Understanding Three “Great” Economies since 1900. 

Three “great” bull markets generated by three great economies and all ended in severe recessions and in one case, a depression.

• The first was in the U.S. in the 1920’s when the first great American economy began to develop.  The Dow Jones Industrial Average moved from 40 in 1922 to almost 400 in fall of 1929 then prices collapsed. By 1932 (the bottom) the Dow was 41.22.  By 1938 the economy was recovering but it took decades for the stock market to recover, not until the mid 1950’s.  
• The second, is Japan in the 1980’s.  The Nikkei Dow was 5,000 in 1980 and 39,000 in 1989.  Then it started down.  It has never recovered and is still down from 39,000 to 8,051 most recently.
• The economy that started in 1991 and ended in 2000 generated the third “great” bull market.  The Dow Jones started at 2500 in 1991 and reached a closing high of 11,722 only to collapse under the weight of a speculative “boom” featuring high tech and internet stocks.  The “bubble” burst in the late winter of 2000.  After more than three years of a grinding bear market and a sub-par U.S. economy, the markets stabilized.  Spurred on by a series of interest rate cuts as well as significant income tax reductions, the stock market started up reflecting (as it usually does) a forthcoming new economy.  We are now experiencing the consequences of the housing bubble that escalated from a breakdown of the real estate mortgage system and migrated to the greatest financial crisis in history, second only to 1929 – 1932.

   
Part II:  The “Next” American Economy: 2010   

What will this “next” American Economy be like, it’s shape and strength?  Will the next economy and the stock market be greater than prior U.S. economies?
•    The impact of the worldwide recession and future recovery in the U.S.
•    Risks and opportunities in the U.S. in the next eighteen months.
•    Some long-term trends over the next several years including changes in the U.S. and world demographics such as the impact of the aging baby boomers, the “X” generation and the “Y” generation.  The impact of these generations, their lifestyles and their effect on retailing and leisure activities.
•    Global overview – Japan, Latin America, Europe, India and China – an awakening giant or an overblown dragon?  
•    Energy:  Oil and politics in the Middle East.

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