Money Life With Chuck Jaffe Daily Podcast

Meb Faber, chief investment officer at Cambria Investments, says that with traditional safe havens not working/protecting against the current downturn, many investors are reaching the point where they can't take it any more, becoming more "emotional and crazy," and that it will get exponentially worse with every additional 10 percent decline -- which he believes might happen before the market can turn around. That kind of panicky behavior, Faber says, is that it keeps them from investing in the solid long-term values that he sees currently around the world. That said, investors might want to head for the cliff after hearing Avi Gilburt, founder of ElliottWave Trader, talking technicals on this show, as he expects the market to have a pop back to record high levels before it embarks on a bear market cycle that he expects to last at least seven years, but which he says could be the predominant trend for two decades. Gilburt says that if the market can't squeeze one more rally out of the long-running bullish cyc