255- Coronavirus: What Does This Mean For The Market?
InvestED: The Rule #1 Investing Podcast
Phil Town & Danielle Town
4.6 • 1.6K Ratings
🗓️ 3 March 2020
⏱️ 43 minutes
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| 0:00.0 | Hey everybody this is still town and this is still town and this is |
| 0:07.7 | Danielle town welcome to the invested podcast where we are attempting to learn to invest like the greatest investors in the world. |
| 0:15.2 | We are deep into following Warren Buffett, Charlie Munger, Ben Graham, great value investors who are looking for a bargain when the market gets |
| 0:27.4 | crazy and the markets are getting crazy now. |
| 0:32.4 | They are. |
| 0:34.0 | We, so we've been doing a series on checklists and we had to break into our series here |
| 0:41.4 | because this past week has been so crazy in the markets because of the fears |
| 0:47.7 | about coronavirus and because of the reality of coronavirus. So we wanted to just make sure that we address this |
| 0:55.5 | because we've been sitting here for years |
| 0:58.9 | talking about how markets can crash. |
| 1:01.9 | And we're not in a crash officially but they lost about so we're recording this |
| 1:09.6 | Monday what date is it Monday the second of March so the day before this comes out because that's as late as we can go before |
| 1:17.8 | recording without recording and as of last week the market dropped overall about 10% which is not yet a crash they call it a correction I learned |
| 1:31.1 | But it's enough to where people are starting to talk a lot, people like us who have been sitting around in cash and waiting. |
| 1:38.0 | And certainly, I spent the weekend putting my numbers in order and making sure I knew what my plan was. |
| 1:45.0 | I'm glad and I'm glad you have a plan. That's the first thing. This is really |
| 1:50.9 | really good. By the way when when we talk about the market, |
| 1:54.0 | we're talking about specific, |
| 1:56.0 | and we say it's down 10%, |
| 1:58.0 | we're talking specifically |
| 2:00.0 | about a couple of indexes |
| 2:02.0 | that are used to... I was talking more generally because I think you could talk generally but I don't I think they I think they I think they dropped I think they dropped like different levels. So I was saying generally it was about 10%, but I think the NASDAQ didn't. |
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