Calamos believes that the Fed needs to cease the quantitative easing program. Small business is what drives job growth and with current interest rates, banks have little interest in making loans to small businesses.
Calamos is optimistic for the next 12 to 18 months because valuations are quite attractive.
An interesting point made by Calamos in the interview was that investors in 1982 were worried to get into stocks because the market was hitting new all-time highs. Those people who didn't get in missed out on a 17-year bull market. He thinks today could be very similar to that.