Biderman: This will be written up 'as one of the nutsiest bubbles in the history of bubbledom'
Money Life with Chuck Jaffe - A podcast by Chuck Jaffe
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Long-time Wall Street observer Charles Biderman says that the current market is showing signs of craziness that should scare investors, with companies seeing revenue declines that might bankrupt a business in ordinary conditions but that Wall Street investors are bidding up now. He urges caution and suggests a heavy dose of research for anyone wading into the market now, because the market seems to be inflating a bubble while ignoring that these are bubbly conditions. Also on the show, David Goodsell of the Natixis Investment Managers' Center for Investor Insight on their latest poll of institutional investors, David Trainer of New Constructs covers an attractive stock rather than heading for trouble in the Danger Zone, and Justin Carbonneau, partner at Validea.com talks gurus and the value behind their strategies in the Market Call.