Dan Zanger of ChartPattern.com said the Standard and Poor's 500 seems headed down to about 2,700 now as it pushes through what he called an 'ABC pattern' that started recently, has gone through the first two steps and is awaiting the third move, which traditionally will be down. Zanegr right now is only 10 percent invested in the market, and he warns that while the market has been in a range, the volatility has been hurting a lot of traders. Also on the show, Sir John Hargrave talks his new book about blockchain and bitcoin, Ken Tumin of DepositAccounts.com says that Americans are losing billions of dollars to misplaced loyalty to their bankers, and Chuck talks about a media-darling investment expert who turned out to be a fake.
Money Life with Chuck Jaffe