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Podcast: Money Life with Chuck Jaffe
Episode: 3EDGE's Cucchiaro: 'Market melt-up' will lead to an avalanche in stock prices
Description: Steve Cucchiaro, chief investment officer at 3EDGE Asset Management, says we're in a "market melt-up," the last phase of a rally or bubble that creates a buying climax, but that typically ends with trouble. Cucchiaro says valuations are in one of the three greatest periods of overvaluation they have seen in the last century, making them more dangerous than investors expect. As a result, he is holding more in international stocks than domestic issues and is ramping up gold holdings to 10 to 15 percent of the typical client's portfolio. David Ellison, portfolio manager and financial services specialist for t...