Asbury's Kosar: Be wary about buying the market's current dip

Money Life with Chuck Jaffe

John Kosar, chief market strategist at Asbury Research, says investors who have been conditioned to buy every stock market decline may want to be patient with current volatility, because the market hasn't busted through support levels. He worries that investors could sell now, only to have support hold up so that investors actually are getting out at the bottom 'and two weeks later they'll be pulling their hair out.' Kosar says the current decline should not be sold until the market moves dives a bit further. Also on the show, Parth Doshi, vice president of closed-end funds at Nuveen, discusses why investors might want to use new interval funds -- rather than traditional closed-end funds -- for their municipal bond holdings, Mark Hamrick of BankRate.com talks about the jobless claims numbers and what the report is signalling for the economy ahead, and James Abate of Centre Asset Management talks stocks in the Market Call.