Economist Kotlikoff says to dump long-term bonds ahead of high inflation

Lawrence Kotlikoff, an economist and the founder of Maxifi.com, says that the current increase in inflation is nothing compared to what he fears is coming, which he said could be several years of the high single digits all the way up to hyperinflation levels. Kotlikoff says that investors need to factor what inflation will do to the ability of their financial nest egg to maintain purchasing power and fund a lengthy retirement. Also on the show, Leo Leydon of Financial Focus Advisory Services discusses technical analysis, noting that the market is looking like it is in a sideways pattern that could last for the summer, and David Snowball of MutualFundObserver.com talks mutual funds and notes that one hot, popular fund company looks to him like a train wreck that's on the track with unavoidable damage dead ahead.