Financial Sense Newshour on the Markets

Jim welcomes technician Richard Dickson, Chief Market Analyst at Lowry Research. Richard sees a correction in the near-term, but believes that there will be a big upward move beyond the correction. He advises using the correction to add to positions. He also discusses the huge risks ahead for bond fund investors. In addition, Ryan Puplava has the Wrap-up in the markets this week, Erik Townsend covers commodities, and Rob Bernard has the Fixed Income Report.

Jim welcomes back renowned technician Ralph Acampora this week. Ralph is optimistic we’ve begun a long-term secular bull market in stocks, but expects a 5-10% correction in the short-term. He sees the correction as another good buying opportunity. Ralph also sees the sequestration debate in Washington as the next potential crisis, and the next buying opportunity. He sees the bond market as a balloon in search of a pin. Jim and Ralph also pay tribute to the passing of Marty Zwieg. Also in this segment, Ryan Puplava wraps up this week in the markets, Erik Townsend discusses commodities, and Rob Bernard has the Fixed Income Report.

In this week’s edition of The Lifetime Income Series, Jim looks at the issue of reverse mortgages. Jim and Cathlyn discuss the reasons why reverse mortgages come into play, and the unfortunate realities for those who don’t save enough. For many however, it is a matter of unexpected events within the family that necessitates the use of a reverse mortgage. Jim also welcomes special guest Reza Jahangiri of The Reverse Review, a monthly publication for reverse mortgage professionals.

Jim is pleased to welcome noted technician Tom McClellan this week. Tom sees a correction coming to the market, but it will likely feel bigger. He expects it to be fast, and should last only a few weeks. Tom sees the markets looking for “event risk” as a reason to correct. He also believes we are heading back into the “risk-off” trade, which should mean a stronger dollar. In addition, Ryan Puplava wraps up this week in the markets, Erik Townsend discusses commodities, and Rob Bernard has the Fixed Income Report.

Jim welcomes back noted technician Bert Dohmen, editor of the Wellington Letter. Bert sees the Central Banks as firmly in control, and advises using any corrections as buying opportunities. Bert also believes that investors should own stocks over bonds, and that stocks will benefit from the new inflationary environment. Also, Ryan Puplava has this week’s Market Wrap-Up, Erik Townsend looks at commodities, and Rob Bernard discusses the fixed income markets.

In this segment, Jim looks at two more Big Picture topics. In the first, Jim takes an in-depth look at the impact of a dollar devaluation, and looks at some of the consequences, intended and otherwise. Jim’s next topic is “Harnessing the eighth wonder of the world: the power of compounding in your investment portfolio”. This refers to a famous quote from Albert Einstein: “Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.” Jim also answers more of your Q-Calls in this segment.

In this week’s first Big Picture topic, Jim looks at “The most important chart of the last decade”. He is referring to the relationship between bonds and stocks, and how we are now seeing a technical breakout in the rotation from bonds and into equities. Jim discusses the implications of “The Great Rotation”. Jim also answers your Q-Calls in this segment.

Jim is pleased to welcome back Rick Santelli, On-Air Editor at CNBC. As usual, Rick is pulling no punches with his refreshingly honest and informed perspective. Rick discusses why the Senate hasn’t passed a budget since April 2009. A budget requires that logic and discipline be applied to government spending. Rick sees no “end game” in sight to the negative interest rate cycle that has penalized savers and those on fixed incomes. As a champion of free markets, Rick admits that markets are no longer truly free; they are all managed markets today.

Jim welcomes Axel Merk, Founder and Portfolio Manager at Merk Investments LLC. Axel sees fireworks ahead this year in the currency markets, originating out of Japan. He notes that the Japanese have been reluctant to print money since the late 1990’s, but that has changed under the new government of Prime Minister Abe. Axel thinks this could have a positive impact on China, as Japan’s money-printing could be a stimulus for all of Asia. Ironically, the biggest risk could be sustained economic growth, which could cause interest rates to rise and create bond market instability in Japan, and elsewhere.