08-14-2020: Investor Heavyweight Now Sees The 'Same Metric' That Signaled The 2001 Crash
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 14 August 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
Known in investing circles as the “Buffett Indicator,” it's the measure of the total market cap of all U.S. stocks relative to the country’s GDP.
Today's Stocks & Topics: SPCE - Virgin Galactic Holdings Inc., PEK - Peak Resources Ltd., DHT - DHT Holdings Inc., NET - Cloudflare Inc. Cl A, FVRR - Fiverr International Ltd., XOM - Exxon Mobil Corp., AMZN - Amazon.com Inc., Mortgage Rates.
TRIVIA QUESTION: "Can you name 4 of the MOST FAMOUS United States monopolies, known largely for their historical significance?"
Plus: Key Benchmark Numbers and Market Comments for: Oil, Gasoline, Gold, Silver and Treasury Yields.
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Transcript
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| 0:00.0 | This podcast is produced by KPP Financial, Steve Peasley President, |
| 0:10.4 | KPP Financial, Independent thinking, shared success. |
| 0:15.0 | And now today's podcast. |
| 0:17.0 | Well, hello everybody and welcome to Invest Talk. It is Friday, August 14, 2020. We're already |
| 0:28.6 | halfway through August. Boy, it goes fast. It goes really fast these days and do you think anyone is listening to the radio |
| 0:36.7 | program a podcast on August of last year could have possibly believe that how dramatically different our economy would be this |
| 0:45.1 | year or the stock market or our lives for that matter how different they are today |
| 0:50.8 | than a year ago. It's just dramatically different. |
| 0:57.0 | So like or not, we are living in historical, significant period. |
| 1:01.0 | People are going to be writing about this and looking back on this time for many decades to come. |
| 1:08.0 | Now for investors, it's all been pretty much unsettling, but you know it's also been financially rewarding it hasn't |
| 1:15.2 | necessarily been all paid and but the the reward has been pretty confined to the |
| 1:21.9 | big tech stocks not to the overall market. |
| 1:25.1 | Surprising. |
| 1:26.7 | But volatility is here to stay for a while and we're just going to have to come stay |
| 1:30.8 | for it. |
| 1:32.6 | That's just the way it is. |
| 1:33.6 | I'm Steve Peasley, and today in this program and podcast, |
| 1:36.9 | I will do my best to provide unbiased answers |
| 1:39.2 | to your financial questions. |
| 1:40.8 | Any questions as long as they're financial, we'll talk about it. |
| 1:45.0 | Okay? |
... |
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