Money Life With Chuck Jaffe Daily Podcast

Ross Gerber of Gerber Kawasaki said he isn't seeing market excesses that signal a long-term downturn, and instead suggested that now is an opportune time to buy stocks, noting that he believes the bigger risks are in the bond market rather than with equities. But two interviews with technical analysts offered different opinions. Lawrence McMillan of McMillan Analysis said he is bearish but believes the market has become oversold and is due for a bounce, though he expects it to fall lower once the pop ends,

Charles Biderman, founder of Trim Tabs Investment Research, said he has gone half to cash in his own portfolio and he would urge investors to get more defensive for as long as interest rates are rising, saying that we could see a decent economy but still watch the stock market decline by 30 percent or more. Also, Tom Lydon of ETFTrends.com has the ETF of the Week and Eric Ervin of Blockforce Capital has the MoneyLife MarketCall.

During Collective Wisdom with HighTower Advisors, Peter Lang, Eric Nahat and Jeff Kelly agreed that investors need to stop confusing volatility with looming trouble, but they all came up with different reasons how and why investors should be preparing to deal with heightened volatility and a market that is harder to read going forward. Also, behavioral finance expert Meir Statman discussed what investors are thinking now versus what they should be thinking, Joshua Hafferty covers the ins and outs of digital

Dr. Vinay Nair, founder of 55-ip and its Market Risk Indicator said that despite a recent increase in day-to-day volatility, the stock market is not significantly more risky than it was in September or over the summer. Also on the show, Charles Rotblut discusses buying tickets for the massive MegaMillions jackpot as an investment and Chuck talks about how to turn your losing tickets into a personal winner. And Mike Brown of LendEDU talks about a survey on cryptocurrencies and just how long it may take ordin

Jeffrey Cleveland, chief economist at Payden and Rygel noted that for all of the volatility that has been evident in October, the economy remains in its 112th month of expansion, and that he expects it to break the record of 120 months, meaning the current economic cycle is maybe showing signs of some weakening, but not of ending just yet. Also, Matt Schulz of CompareCards.com discusses a survey on how many consumers regret taking out store credit cards, David Trainer of New Constructs talks about how accou

Dan Zanger, chief technical analyst at ChartPattern.com, said he expects the market to re-test the lows it set during the first 10 trading days of October and potentially head much lower, staying in the doldrums at least through the mid-term elections before any potential rally. He noted that the market currently shows no patterns investors would normally see in bull-market conditions. Also on the show, Patrick Wood of Tormont Group discusses how investors can safely find an edge to investing in cannabis st

Doug Roberts of Channel Capital Research says that the stock market's recent spike in volatility and big decline at the start of October had all of the hallmarks of a correction, in that it appeared out of nowhere, was very scary and seemed to be triggered by fear of an event rather than an actual event. While something worse could be coming in time, Roberts did not see that kind of event happening until 2019 at the earliest. Also on the show, Tom Lydon of ETFTrends.com discussed tail risk -- and how to pro

Paul Eitelman of Russell Investments said that the market's path of least resistance still seems to be up, for now, noting that investors should be managing risk more than taking it as the outlook for 2019 is likely to contain an inverted yield curve, rougher economic numbers and more trouble spots that will be hard for investors and the market to avoid. Also, a rebroadcast of a recent interview with Jae Yoon of New York Life Investment management -- taped before the market's recent meltdown and replayed so

Brett Arends, a columnist at MarketWatch, said that the standard 'sleep easy' portfolio mix of 60 percent stocks and 40 percent bonds could be riskier than many investors believe, noting that there have been long periods in the past when these balanced portfolios struggled, notably in times like we are seeing now when both stocks and bonds are expensive and interest rates and inflation are rising. Also, Charles Rotblut of AAII Journal makes a company that popped 30 percent a week ago on merger news his 'Sto

Tedd Rossman of CreditCards.com said that not only have card rates hit an all-time high with the average rate now above 17 percent, but noted that he wouldn't be surprised if the average is past 18 next year. Bill Stone of Avalon Advisors said that the market's recent volatility is 'a return to normal,' and urged people to simply get used to it. Kyle Guske of New Constructs warned against some egregiously priced mutual funds in the Danger Zone, and Chuck answered a question about how mutual fund gains are t

In a show filled with market talk in response to the Dow Jones Industrial Average losing 1,400 points in the last two trading days, Stephen Kalayjian of Ticker Tocker said that the current pullback is healthy for a market that he expects to be range-bound for several months, columnist Michael Sincere saw the market dangerously teetering near its 200-day moving average and showing signs of much bigger declines to come, and Jim Paulsen of Leuthold Weeden Capital Management said that rising rates and inflation

After the major market indices had their worst day since February, Jim Welsh of Smart Portfolios revised the forecast he made on Money Life less than a week ago, when he called for a short-term correction of 3 to 5 percent. Now, he says, a 5 to 7 percent decline is in the offing and the situation could get worse, especially when third-quarter earnings come out and companies alter their guidance. But Welsh said this downturn is a buying opportunity, noting the economy isn't going to support a bear market now

John Silvis, Jeremiah Riethmiller and Richard Lewis of HighTower Advisors talked about current opportunities in the market, -- as well as current dangers -- and came to different conclusions, offering up domestic technology and consumer discretionary, or biotech stocks or emerging markets as the place to look next, while worrying about softening economic numbers, 'Trump, trade and tariffs' and big-box retailers. Also, Jason Ware of 280 CapMarkets discussed democratizing the bond space and making bonds more

Charles Rotblut of AAII Journal made Facebook his 'Stock of the Week' for the second time in six months, but this time he was selling the popular social-media company whereas he bought it back in April. The stock has declined by 7 percent since his original pick, but Rotblut's current decision involves falling earnings and growth estimates, and cutting losses when the characteristics of a company have changed. Also on the show, Karen Davies, director of the Private Equity Management Group, at Huntington Com

Jae Yoon, chief investment officer at New York Life Investment Management, said he expects the environment to remain strong for stocks well into 2019, although he does favor international investments over domestic equities heading into the new year, and he notes that market and economic performance in 2019 will be dependent on the Federal Reserve's response to rising inflation. Also, Mark Hamrick of BankRate.com discussed the jobs report and other economic news, David Trainer put the Securities and Exchange

Three very different market experts shared their outlook on today;s show. Jim Welsh from SmartPortfolios.com said the market is more vulnerable than in the recent past, due for a correction of up to 5 percent over the next few weeks. After that pullback, Welsh expects a bounce back before a bear market sets in. Duane McAllister, senior portfolio manager at Baird said he doesn't see any signs of recession yet, noting that the market is more vulnerable, due for a 3-5 percent correction over the next few weeks

Tom Lydon of ETFTrends.com made the Tactile Analytics AR/VR Virtual Technologies Fund his ETF of the Week, noting that the issue has the technology has the potential to create transformative change in multiple industries in the years ahead. Chelsea Hudson of TopCashback.com discusses tipping customs around the world and how travelers need to research them, we rebroadcast a recent interview with J.J. Kinahan of TD Ameritrade, and Chuck reveals the plan for his annual Halloween 'Cash or Candy' program and how

Jake Falcon, Richard Flahive and Laurie Kamhi said during the Collective Wisdom from HighTower Advisors segment that investors are so nervous about politics that they are having a hard time tuning out the noise and focusing on the strong market as mid-term elections and other events make looming headlines. Also, attorney Dean Hedeker discussed law changes that could have some people hoping to complete a divorce in 2018 while potentially having their former partners wanting to push off the completion of a di

Gary Bradshaw of the Hodges Blue Chip Equity Income Fund said in the Market Call that the economy in the US is booming, and that the upcoming earnings season should be nearly as strong as second-quarter numbers were. Those were up 25 percent and Bradshaw said the continued growth should keep many companies powering forward for the foreseeable future. Also, Charles Rotblut of AAII Journal takes on Elon Musk and Tesla in his 'Stock of the Week,' bond fund manager Scott Kimball of BMO Global Asset Manager disc

John Cole Scott of Closed-End Fund Advisors said in the Marketl Call that while valuations are stretched and discounts are reduced, thee remain plenty of interesting income-related options that are worth a look in the rising-rate environment. Also, Ted Rossman of CreditCards.com discusses a survey on how credit-card users often still prefer cash for small transactions, Sam McBride of New Constructs takes us to the Danger Zone, and author Eric Shaffert discusses his book on feng shui and money.