Jeffrey Bierman, chief market technician at TheoTrade.com, says that the stock market is completing a cycle and working its way toward a top, but that investors should be prepared for what happens next, which could be a 'garden-variety' pullback of about 20 percent, an extreme decline that re-tests recent lows or a move toward a 'zombie economy' and protracted, extended market trouble. While nothing in the market's charts and technicals suggests the doomsday scenario, Bierman notes that the magnitude of the worst downturns often catch experienced analysts by surprise. Also on the show, Jeff James of Driehaus Capital talks small-cap stocks, Rob Spivey of Valens Research makes his debut talking stocks in the Market Call, and Chuck answers a question about pet insurance.
Money Life with Chuck Jaffe