10-27-2020: Why One Analyst Is Projecting That A Deep Stock Market Crash Will Occur Again
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 27 October 2020
⏱️ 47 minutes
🧾️ Download transcript
Summary
The opinion warns investors who are too young to remember the 'Black Monday' crash of 1987 that, at some point, the stock market will lose more than 20% of its value in a single day.
Today's Stocks & Topics: T - AT&T Inc., FUBO - FuboTV Inc., Thinks to Fix Before Retirement, Home Sales, Most Investors Expect a Market Crash, Master Limited Partnerships, OKE - ONEOK Inc., 1987 Stock Market Crash, IP - International Paper Co., PEN - Penumbra Inc., Share vs. Position, TSCO - Tractor Supply Co.
TRIVIA QUESTION: "What is the so-called 'January Effect'? And WHEN was it first noticed-- which YEAR?"
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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, and now today's podcast. |
| 0:17.0 | Good afternoon everybody and welcome to Invest Talk it is Tuesday October 27th |
| 0:26.8 | 2020 and have you noticed that many parts of the country were getting getting cold, snow and some parts, rain, cold. |
| 0:35.0 | Not here in Southern California, I think we had a cool night last night but it's |
| 0:39.0 | been pretty warm. It was warm in Texas, that's where it was last week, visiting relatives, and it was |
| 0:45.8 | pretty warm until the last day, then it rained very heavily and cooled off. But it looks like we're into fall season. Holiday season coming up is |
| 0:55.0 | going to be a very different holiday season. Holiday festival festivities are going |
| 1:01.6 | to be massively different. How about Halloween do you think we are going to be massively different. |
| 1:02.6 | How about Halloween? |
| 1:03.4 | Do you think we're going to have many trick-or-treaters? |
| 1:06.0 | I doubt it. |
| 1:07.7 | I doubt it. |
| 1:08.8 | Then how much visitation for Thanksgiving? |
| 1:11.6 | People are going to go visit each other. Traveling I think |
| 1:15.1 | is going to be down pretty far, pretty weak traveling I think. I mean I'm going to |
| 1:21.9 | a wedding this weekend and everybody has to have a COVID test and there's only so many people allowed. |
| 1:28.0 | So it's going to be, it's different. |
| 1:31.0 | Until we get that vaccine out there or better |
| 1:34.4 | uh better procedures to to take care of this and I think we're getting very |
| 1:40.3 | close we're getting very very close to that we will have a vaccine probably before year end and |
| 1:45.3 | now it's a question of how good and how many people take it but that's a whole |
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