05-12-2020: Analyst Opinion Warns: A ‘Much More Severe’ Stock Market Selloff Ahead
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 12 May 2020
⏱️ 48 minutes
🧾️ Download transcript
Summary
The reality of the dire state of the economy will catch up with equity investors-- because the depth and duration of our calamity are 'unknowable'.
Today's Stocks & Topics: The Federal Reserve, Bears and Bulls Arguments, Inflation, Interest Rates & Refinancing, GDXJ - VanEck Vectors Junior Gold Miners ETF, WD - Walker & Dunlop Inc., Cash, Shop Online, Reverse Split, PENN - Penn National Gaming Inc., CARS - Cars.com Inc., Stock Evaluation, KAR - KAR Auction Services Inc., CSCO - Cisco Systems Inc., Consumer Price Index.
TRIVIA QUESTION: "Approximately HOW MANY banks are there in the United States? And how many banks have FAILED in recent years?"
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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 9th, May 12th. |
| 0:26.6 | I was going to say May 19th, May 12th, 2020. And as you see, they announced today and the list of the most recent over the weekend, |
| 0:35.0 | states are starting to reopen slowly. |
| 0:38.0 | Today in Indiana, they're allowing restaurants to accept dining customers. |
| 0:43.9 | You know, but no restaurant in the world can survive |
| 0:47.4 | if you limit the number of people they can take in. |
| 0:50.2 | In other words, if you're saying you can only allow 25% of the dining in capacity, |
| 0:57.3 | that restaurant won't be able to survive probably shouldn't open because they can't make it. |
| 1:01.3 | Most restaurants have to be pretty full to make money. |
| 1:05.0 | Apple is reopening four stores, including South Carolina, and yes, we are starting to resume economic activity but flights are |
| 1:16.8 | still down what 90 percent so remember plane's been flying all along. |
| 1:25.0 | No one's flying with them though. |
| 1:28.0 | So we'll see how they were. |
| 1:30.0 | Today Dr. Fauchy testified before Congress saying we must be very careful about how quickly we reopen. |
| 1:37.4 | See there's a component here. There's like three basic components. There's the medical component where, you know, |
| 1:44.5 | we've got to be careful not to spread the virus. |
| 1:46.4 | There's the political component where |
| 1:48.1 | you know that's going to be politics from the right and the left. |
| 1:50.8 | And then there's a third component, people need to get back to work. So |
... |
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