Money Life With Chuck Jaffe Daily Podcast

Michael Sincere, author of the Michael Sincere's Long-Term Trader column on MarketWatch.com, says that there are nine stages to a bear market and that the recent rallies are proving that this downturn isn't quite halfway through those steps, making the road to recovery long. He expects the bear market to last for at least another 12 months, and while he sees some potential rallies in there -- and even sees potential for a significant spike higher -- he suggests investors should be wary about taking the bait and should maintain a slug of cash (money market funds and short-duration Treasury funds) in their asset allocation until the technicals support that the recovery is on. Also on the show, Tom Lydon of Vetta Fi puts a happy face on a brand new fund in the "ETF of the Week," Jaime Dunaway-Seale of Clever Real Estate discusses a recent survey showing that a surprising number of Americans would be willing to buy a haunted house in order to get a home in these competitive, higher-cost times for the real estate