Karl Mills of Jurika, Mills and Kiefer said that Monday's losses should not have investors worried so long as they have properly adjusted their time horizons, and he said he expects most investors to realize down the line that whatever move the market is making now is forgotten short-term noise. Also on the show, Leo Leydon of Financial Focus Advisory Services said he expects the market to hold at current support levels of roughly 2,800 for the Standard and Poor's 500, noting that it could drop to 2,600 if he is wrong, although he also thought the market's next move is most likely up, in his case to recent highs of roughly 2,950. Dan LaPlante of Citizens Bank Wealth management discussed using the current downturn as an opportunity to rebalance a portfolio and how to deal with taxable gains, and Matt Schulz discussed the latest survey from CreditCards.com.
Money Life with Chuck Jaffe