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Podcast: Money Life with Chuck Jaffe
Episode: Talon's Grimes: Expect all-time highs, then 'a very significant selloff in stocks'
Description: Adam Grimes, president of Talon Advisors, says in the Talking Technicals segment that he expects "strength coming into the end of the year," with the stock market re-touching and potentially breaking all-time highs, but "from that point, I will get pretty defensive" because of the "very significant selloff" he expects in stocks. Grimes notes that he expects a protracted bear market for stocks, which doesn't change his long-term positive outlook for equities but which he says will hurt investors who haven't seen that kind of downturn in about 15 years. Nobel Prize winner Sir Angus Deaton returns to the show t...