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Podcast: Money Life with Chuck Jaffe
Episode: Veteran manager Shill sees a complacent market facing big downside risks
Description: Ed Shill, managing partner at the Wealth Enhancement Group, says he sees the market either continuing to climb the proverbial wall of worry or getting complacent, and he fears that it's the latter after the sharp rebound from April's decline. "Right now the market is overbought," Shill says in the Market Call, where he recommends "putting airbags on," using stops to lock in profits and being prepared to step back from markets until conditions improve. In The Big Interview, Sam Millette, senior investment strategist at Commonwealth Financial Network, says that the Federal Reserve faces a challenge getting the market...