05-05-2020: Opinion: 2020 Is Lining Up Like The 2000 Dot-Com Bubble Crash
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 5 May 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
A former Goldman manager has identified several reasons why he thinks we will have 40% drop in the markets over the rest of this year.
Today's Stocks & Topics: Gold, MDT - Medtronic PLC, PCG - PG&E Corp., Reverse Stock Split, Semi-Conductor Sector, LMT - Lockheed Martin Corp., Unemployment Rate, BLUE - Bluebird Bio Inc., EADSY - Airbus SE ADR, ENPH - Enphase Energy Inc., CCL - Carnival Corp., AMV - American Vietnamese Biotech Inc., Michael Wilson, Chief U.S. Equity Strategist at Morgan Stanley, Home Buyers.
TRIVIA QUESTION: "Could the FED policies cause acute inflation down the road?" AND-- The United States monetary system used to be based on the 'gold standard'-- when was that abandoned?"
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Transcript
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| 0:00.0 | This podcast is produced by KPP Financial, Steve Peasley President, |
| 0:10.3 | KPP Financial, Independent Thinking, shared success. |
| 0:15.0 | And now today's podcast. |
| 0:17.0 | Good afternoon everybody and welcome to Invest Talk. It is Tuesday May 5th |
| 0:25.8 | 2020 and of course we're living through a pretty historical time |
| 0:30.3 | unprecedented times and we're beginning to reopen finally and they're going to do the |
| 0:36.2 | stages state by state county by county city by city I don't know you know I |
| 0:41.8 | understand why we all understand why but boy the sooner the better for me |
| 0:47.4 | But how many jobs will be brought back when it's over? I say we're all open you think we're gonna get all back of those what 25 million jobs all the one time no we're not some of those jobs are gone gone gone |
| 1:00.9 | And it's gonna take a while to get them back. |
| 1:03.6 | It just, it could take a month. |
| 1:08.0 | You know, I know people think we're going to be back in normal times here |
| 1:12.0 | at the end of the year, next year. Well we'll be |
| 1:15.1 | mostly back but some of these jobs are permanently lost. If you have a restaurant and |
| 1:21.5 | you can't you know you can't you can't you were just barely making it before you're certainly not going to be able to reopen |
| 1:28.8 | There's that kind of thing that's kind of job losses |
| 1:32.4 | My car washed down the street, I'll reopen, but you don't leave the car anymore. |
| 1:37.0 | Before you used to get out of the car and then they had a guy out there who would shine it up. |
| 1:41.0 | Well, you know, they usually have two or three guys out there I see only one it's just |
| 1:45.4 | going to be slow it's going to just be slow for investors what's going to happen |
| 1:51.4 | on the stock market? You know, we're all working for that same |
| 1:56.4 | goal and that's financial freedom. So you're going to have a range of financial |
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