Want to create an interactive transcript for this episode?
Podcast: Money Life with Chuck Jaffe
Episode: 'Quant Guy' Bierman: 'We're not in a bubble, but certain sectors are'
Description: Jeffrey Bierman, founder of The QuantGuy.com and chief market technician at TheoTrade.com, says that the market is overheated and overbought, but it very well could rise from here and re-touch record highs before a likely correction ahead. Bierman says technology and leisure are the areas that have made the market frothy and are overdue for a correction of 30 percent or more, and while oil and financials will help the overall market cushion the fall, Bierman believes utilities and pharmaceutical stocks will be areas to outperform while the market goes through 'unavoidable' pain. Brian Payne, chief strategist for p...