Money Life With Chuck Jaffe Daily Podcast

Ted Oakley, founder and managing partner at Oxbow Advisors, says that he expects the market to be setting new highs but to challenge some serious lows, hurt by high valuations, current economic conditions and the election cycle. "This will not be a real strong year for the market, and if you make money, you will have to know where to invest and when to invest," Oakley says. He notes that he is more invested internationally in the last 18 months than he has been in years, due largely to lower valuations abroad, and he is also keeping some powder dry expecting better opportunities when the market gets shaken through patches of volatility. Chris Oberbeck, chairman and chief executive officer at Saratoga Investment Corp., says that  increases in default rates are more of a return to normal than a sign of trouble for business-development companies or the economy. Between a bankruptcy and fraud case like First Brands and softness in the software business, Oberbeck thinks that recent activity is more a hangover comi