12-20-18:Dow Jones Industrial Average On Track For Its Worst December Since 1931

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Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors

Business, News, News Commentary, Entrepreneurship, Investing, Business News

4.4 • 1.5K Ratings

🗓️ 21 December 2018

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Treasury Secretary Steven Mnuchin has weighed and measured the recent destruction and he thinks there’s a simple reason.
Today's Stocks & Topics: Books, Housing Market, Stock Losers to Buy Today, Money Back from Offshore, The Stock Market, AMAT - Applied Materials Inc., Managed Futures, T - AT&T Inc., Trading, The Wash Rule, Benefit Pension Plan, 401k & Taxes, Target Date Fund.

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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	Good afternoon everybody and thank you for joining me today on a vest talk. It is Thursday
0:26.4	December 20th. Last week is Christmas as we all know. It's going to be a shortened week for the
0:32.3	trading and you know recently
0:34.7	short weeks haven't helped much in the marketplace that's for sure they've been kind of
0:38.7	involved on the downside so be very careful next we don't be too excited. Usually
0:45.2	Christmas week is an up week. I can tell you historical stuff but usually
0:51.6	December is an up month and this has been the worst December since 1931.
0:57.0	So you can't go by what's usual this year.
1:01.7	And we've had a pretty unusual year together, right?
1:05.0	Think about the fang stocks and how everybody loved those stocks and they ran up and everybody wanted to buy them and you know what I kept saying that they're overvalued overvalued overvalued.
1:15.4	Now they've crashed.
1:17.4	Now I'm looking at a couple of them and thinking, gee, maybe this is, this might be the time to start considering them
1:25.7	and i am considering a couple
1:28.2	so the market dropped again three hundred points yesterday and it dropped the down
1:31.8	dropped another four 464 points today.
1:35.6	So it's a sea of red everywhere for the Dow Jones 30
1:39.7	and the Russell 2000 is in Bear Market Territory. The NASDAQ went to Bear Market Territory today.
1:50.0	That means down 20%. So, and I've told you sometime ago, I don't know, a month ago or so I think we're in a stealth barrel market.
2:00.0	Well, I don't think it's going to be, it's not very stealthy anymore.
	...

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