Axel Merk: The market is due for a respite, or worse

Axel Merk of Merk Investments says that the stock market is due for a correction, but not necessarily a bear market, noting that the economic recovery has gone far and that the reopening will fight some of the downward pressures. Merk says that while the market is seen as being 'different' right now, the traditional 'sell in May and go away' thinking might be in place, at least through Labor Day; he's been protecting profits and taking chips off the table but noted that he would not be going short the market now. Also on the show, Simon Zhen of MyBankTracker.com talks about just how much change Americans will stop to pick up, Chuck takes a question about travel insurance now, and David Barse of XOut Capital talks about stocks and enhancing indexes in the Market Call.