Money Life with Chuck Jaffe

Tuesday, Feb 02, 2016

Michael Best

Senior Policy Advocate, Consumer Federation of America

The Survey Says

Links: www.consumerfed.org; http://consumerfed.org/press_release/new-national-poll-indicates-strong-support-for-reform-of-paid-tax-preparer-industry/

Monday, Feb 01, 2016

David Lafferty

chief market strategist, Natixis Global Asset Management

The Big Interview

On Twitter: @NatixisAM

Links: www.natixis.com; www.durableportfolios.com

Monday, Feb 01, 2016

Pete Thatch

director of wealth management, American Funds

The Survey Says

On Twitter: @AmericanFunds

Links: http://www.multivu.com/players/English/7729551-capital-group-american-funds-survey/

Friday, Jan 29, 2016

Rich Moroney

editor, Upside and Dow Theory Forecasts

MoneyLife Market Call

Tickers Discussed :ALK, LUV, THO, FCX, PG; during "Hold It or Fold it:" WFC, BAC, JPM, SEP, CMG, FDX

Links: www.upsidestocks.com; www.dowtheory.com

Friday, Jan 29, 2016

Martin Pring

president, Pring Research

Technical Difficulties

On Twitter: @PringTurner

Links: www.pring.com; www.pringturner.com

DetailInformation: Technical analyst Martin Pring, president of Pring Research, says the stock market’s recent turbulence is “the beginning of an important bear market.” Still, he expects a rally over the next few weeks or months before the real carnage begins. In an interview on “MoneyLife with Chuck Jaffe,” Pring said: “Most of my long-term indicators are now bearish, [but] the good news is that some of the shorter-term intermediate indicators have reached the kind of levels they got to last August, and that gave us a bounce of some kind, so I am looking for a bounce here that is likely to be followed by new lows later on.” Pring noted that the typical bear market rally regains between one-third and two-thirds of the previous decline, noting that a recovery of about two-thirds of the market’s January losses would bring the S&P 500’s close to the 2,000 level; he would not expect the market to recoup that point before turning back down. “The die is pretty well cast,” Pring said. “Virtually every stock market in the world has completed a top. When you get a lot of markets or a lot of sectors doing the same thing — which we call the law of commonality — it’s usually followed by a pretty important move. So if everything is breaking down, that’s not a good sign on a long-term basis.” Pring suggested that few investors will be nimble enough to play the bear market rally — which he felt could last from six weeks to three months — but said investors should play defense and consider using any rebound to reduce stock exposure. Pring recently suggested that clients keep 20% to 30% of their portfolio in stocks.