Lamensdorf: The market is starting to look frothy; be cautious entering the summer

Brad Lamensdorf of the Lamensdorf Market Timing Report said he expects to see some pain in the summer and fall as we did near the end of last year. He noted that the markets are up double-digits after one quarter, but that no one should expect that kind of quarterly performance to be repeated without big downdrafts to even things out. Also on the show, Chuck talks his recent foray to a free-dinner seminar, Jill Gonzalez of WalletHub.cmo looks at the new Apple credit card, and John Cole Scott of Closed-End Fund Advisors has the Market Call.