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Podcast: Money Life with Chuck Jaffe
Episode: ICON's Callahan: Even at fair value, this market has room to rise
Description: Craig Callahan, chief executive officer at ICON Advisers, says the stock market is trading near its fair value, but that it has enough earnings momentum to push out an average year of gains — something in the range of 9 to 11 percent — and that it could do better if profits come in above expectation levels. He does anticipate more volatility, but figures the underlying value of stocks — especially those with quality management — should overcome headline risks. Mish Schneider, chief strategist at MarketGauge.com, says that market hysteria about headlines — and particularly some of those being created over the weekends while the stock mark...