2/2: MrMarket: Global sell-off and AI buying. Brett Srends, Marketwatch ROI
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 6 August 2024
⏱️ 5 minutes
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https://www.wsj.com/livecoverage/stock-market-today-dow-sp500-nasdaq-live-08-05-2024
1910 Wall Street
Transcript
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| 0:00.0 | I'm John Bachelors with my good colleague Brett Arrons who's wondering the earth looking |
| 0:10.0 | for answers. |
| 0:11.0 | One answer is how long will this last as long as it takes. Brett, about two weeks ago, my |
| 0:17.6 | trustee dog sailor barked oddly in the morning about 730 in the morning while I was having coffee and he was supposed to be |
| 0:25.3 | patient because he'd had his supper. I thought what is that and I heard a bang in the garage. |
| 0:30.3 | I went out thinking it was the Amazon man coming very early. |
| 0:34.0 | No, it was a seven foot black bear. |
| 0:36.0 | What do you think, Brett? |
| 0:38.0 | Did I get the sign that we need a seven foot black bear in the group? |
| 0:41.0 | Yes, it sounds like it. |
| 0:43.6 | It sounds like it. |
| 0:44.6 | Who just who looked at me, looked around, he'd been raiding the garden for |
| 0:49.2 | blackberries, looked around, and then wandered off. |
| 0:52.4 | And of course, the seven foot black bear weighing |
| 0:54.0 | 600 pounds he goes where he wants to you know nobody gets in his way of |
| 0:57.5 | course okay so this bear is gonna go where it wants to nobody's gonna get in its way |
| 1:01.5 | but the federal reserve is said to have raised rates, |
| 1:04.8 | perhaps a bit too far or kept them high a bit too long. |
| 1:09.9 | Is the Federal Reserve the famous Fed put the Greenspan put is that ahead of us or have we already |
| 1:17.1 | figured that that's not going to work this time? What's your measure? |
| 1:19.8 | Well it's interesting. Jerome Powell has made it very clear over and over and over again, and no one, you know, he's kept saying it and Wall Street didn't believe him, |
| 1:28.7 | that he was going to keep interest rates higher for longer, higher for longer, he wanted to kill inflation. |
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