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Podcast: Money Life with Chuck Jaffe
Episode: 3Edge's Folts: At these prices, stock investors should wonder what 'fair value' is
Description: Fritz Folts, Chief Investment Strategist at 3EDGE Asset Management, says valuations are at levels reminiscent of bubble days in 1999 and the crash era of 1929, but that's not scaring him out of a mix of domestic and foreign stocks, because economic conditions can support further growth. He does worry about a policy mistake or other event which could trigger a downturn, but so long as it stays mild and doesn't "lurch" to where it's a 40% drop, he thinks investors should be comfortable riding it out. Todd Rosenbluth, head of research at VettaFi makes an actively managed small-cap fund — th...