Money Life With Chuck Jaffe Daily Podcast

TechTraders' Vermeulen: Go to cash now, ready to buy later

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Synopsis

Chris Vermeulen, chief market strategist for The Technical Traders, says the market's frothy September has pushed it to where he's headed for cash, at least for the short term, avoiding what he thinks will be a short downturn leading into a sideways market and ultimately a buying opportunity, as he expects the market to rebound into a strong bull run that could last six to eight months. At that point, however, Vermeulen says the market's years-long rally could be running out of steam and on its last legs. Also on the show, David Meyer, president of the Public Investors Advocate Bar Association talks about why consumers are never paid in 30 percent of the arbitration victories against rogue brokers, Washington Post columnist Allan Sloan discusses the debt-ceiling debate's negative impact on the bond market and borrowing -- even if it ultimately gets passed -- and Chuck answers listener questions about gold and bitcoin, and selling stocks.