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Podcast: Money Life with Chuck Jaffe
Episode: Raging Bull's Bishop: 'If this is not the top, we've got to be very close'
Description: Jeff Bishop, chief executive officer at RagingBull, says that the market is showing signs of topping out, though he thinks that the building downturn now will likely be short and not too steep before a rally again chases record highs. Bishop notes that "all of the bears have been destroyed," so there are few investors betting against the market, which is typically a sign that trouble is ahead. Bishop notes that those bearish investors were tired of their losses, and that betting against the market now would be risky, but he says there is more downside risk than potential...