Technician John Roque—We Haven’t Bottomed Yet; Get Defensive and Raise Cash

Jim welcomes highly ranked technician John Roque of WJB Capital Group this week. John sees lower prices ahead for the market, and urges a defensive strategy. Also Jim’s Big Picture this segment is self-explanatory, "It’s a Recession." In addition, Ryan Puplava will sum up this week in the markets and look ahead to next week. And Rob Bernard of the PFS Group joins Jim to discuss "Surviving Ben Bernanke’s Low Interest Rates."

Ryan joined PFS Group in 1995. He holds a B.S. in Business Administration/Finance from San Diego State University. His professional designations include FINRA Series 4, Series 7, and Series 66 Uniform Combined State Law Exam. He earned the Chartered Market Technician's designation in 2007. Mr. Puplava is Senior Trading Manager and works closely with Jim Puplava on PFS Group's Growth investment objective. He also contributes a monthly Market Observation to Financial Sense and co-authors In the Know—a weekly communication for Jim Puplava's clients only—with other members of the trading staff.

John heads WJB Capital Group’s Technical Analysis group. Prior to joining WJB Capital Group in 2009, he spent eleven years leading the Technical Analysis team at Natixis Bleichroeder. John’s work has received wide recognition throughout the industry. John, along with his partner, Adolfo Rueda, Director, CMT, have been consistently ranked from 2006-2010. They received the rankings of Runner-Up for Technical Analysis in 2006, Third Place in 2007, and Runner-Up in 2008 through 2010.

Rob joined PFS Group in 2011 as an independent broker. Rob holds a BS in Business Administration from San Diego State University, and his professional designations include FINRA Series 7, Series 31, Series 63 and Long Term Care and Variable Annuity Insurance Licenses. With over 30 years of experience in the investment management industry—including 11 years as a Senior Vice President at Morgan Stanley, as well as other asset management and administration experience at Prudential Securities, Wells Fargo Securities, and PaineWebber—Mr. Bernard's expertise includes: Income strategies, diversification strategies, specialized high-level corporate executive strategies, particularly with SEC Rule 144-related services, long-term care insurance and variable annuities.