Talon's Grimes: Expect all-time highs, then 'a very significant selloff in stocks'

Adam Grimes, president of Talon Advisors, says in the Talking Technicals segment that he expects "strength coming into the end of the year," with the stock market re-touching and potentially breaking all-time highs, but "from that point, I will get pretty defensive" because of the "very significant selloff" he expects in stocks. Grimes notes that he expects a protracted bear market for stocks, which doesn't change his long-term positive outlook for equities but which he says will hurt investors who haven't seen that kind of downturn in about 15 years. Nobel Prize winner Sir Angus Deaton returns to the show to discuss his new book, "Economics in America: An Immigrant Economist Explores the Land of Inequality," which is out today and which discusses how societal problems were exacerbated by economic platitudes and not enough attention paid to workers and the poor living through trouble. Plus, forensic accountant Tracy Coenen returns with the latest "Find Me The Money" segment, talking about the right way to hire an attorney to help guide you through the divorce process, and Chuck discusses a recent statement from Dave Ramsey about how easily the well-known financial guru has "beaten the market" over the last three decades.