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Podcast: Money Life with Chuck Jaffe
Episode: ProShares' Hyman says 'rational exuberance' will keep driving the market
Description: Simeon Hyman, global investment strategist at ProShares, sees "rational exuberance" on today's market, noting that the stock market is a little bit expensive but not dramatically above long-term normal forward earnings numbers, and he notes that expectations are reasonable, a little high but reasonable. Further, he suggests that all-time low levels of leverage and little debt on the books of the Standard & Poor's 500 is "a significant risk offset" to the current worries that make investors nervous. Author Michael Sincere — who writes the Long-Term Trader column at MarketWatch — discusses his new book, "Help Your Child Build Wealth: A Parents' Guide to Te...