SOURCE: John Thomas Financial

John Thomas Financial

April 13, 2011 16:19 ET

John Thomas Financial CEO Thomas Belesis Appears as a Featured Guest on CNBC's "The Kudlow Report"

Thomas Belesis Contributes to the "Free Market Friday" Segment With Optimistic Views on the Economy

NEW YORK, NY--(Marketwire - Apr 13, 2011) - Thomas Belesis, CEO of John Thomas Financial, an independent broker dealer and investment banking firm located in New York City's Financial District, appeared on CNBC's "The Kudlow Report" on Friday to discuss the strength of the stock market. Belesis was a guest on Kudlow's "Free Market Friday" featured segment alongside Genius Rocket CEO Mark Walsch and author of "How to Make a Fortune" Ron Insana.

Kudlow's "Free Market Friday" began with a reference to "nattering nabobs of negativity," a phrase coined by award-winning writer Bill Safire in 1970 to describe market pessimists. Invited to lead off the segment, Belesis pointed out that despite recent global setbacks, corporate earnings are growing and the market continues to outperform.

"The bulls have tremendous wind on their back, the fed is pumping money into the system to keep this recovery going, you have corporate earnings growing ever quarter. Seventy-five percent of all S&P 500 earnings have been increasing. Why? Because businesses are growing," said Belesis.

Belesis also noted that fifty percent of S&P companies come from overseas, citing emerging economies in South America, India, and China whose rapidly growing middle-classes are contributing to the global economic recovery.

See Thomas Belesis and the "Free Market Friday" segment in its entirety on the John Thomas Financial blog.

About John Thomas Financial
John Thomas Financial, member of the FINRA and SIPC, is an independent broker-dealer and investment banking firm headquartered in New York City's Wall Street district. Emphasizing a client-centric approach to managing all aspects of its business, the firm offers a full complement of retail brokerage and corporate advisory services tailored to the unique needs of its clients.

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