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Podcast: Money Life with Chuck Jaffe
Episode: Long-term trader Sincere: The bottom won't be in for a year or more
Description: Michael Sincere, author of the Michael Sincere's Long-Term Trader column on MarketWatch.com, says that there are nine stages to a bear market and that the recent rallies are proving that this downturn isn't quite halfway through those steps, making the road to recovery long. He expects the bear market to last for at least another 12 months, and while he sees some potential rallies in there -- and even sees potential for a significant spike higher -- he suggests investors should be wary about taking the bait and should maintain a slug of cash (money market funds and short-duration...