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The Clark Howard Podcast

9.8.20 The unbalanced stock market; How the eviction moratorium works

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.64.9K Ratings

🗓️ 8 September 2020

⏱️ 36 minutes

🧾️ Download transcript

Summary

The stock market has started to experience some volatility - particularly in the tech sector. Clark talks about how that should impact how you invest your money. If you cannot afford to pay your rent right now, you can avoid eviction by filling out this CDC form. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I'm so glad you're with us here on the Clark Howard Show where it's all about you learning

0:10.7

ways to eat more of what you have, our websites Clark.com and ClarkDeals.com.

0:19.7

People get really excited about what's going on with their stock market holdings when

0:28.1

things are doing well and then they freak out suddenly when there's a market reversal.

0:35.3

And I wanted to talk about what is normally a very volatile month.

0:40.7

September has traditionally been a month that has been unsettling for stock investors.

0:48.9

But the reality is there are special things you need to be mindful of with what's going

0:56.0

on Wall Street and has been going on all year.

0:59.8

As I shared with you a couple of weeks ago, a huge percent of publicly traded companies

1:07.5

have had a bad year with their stocks that the gains have been very heavily concentrated

1:14.7

in just a small number generally of technology oriented companies.

1:21.0

There was an item just a few days ago about Apple that Apple's value having reached over

1:28.6

$2 trillion in market value that Apple's market value was greater than the entire 2,000

1:38.1

companies that make up the Russell 2000 index.

1:42.4

So think about that.

1:43.6

One company having more value than another 2,000 publicly traded companies all added together.

1:51.9

And so you have Apple and Amazon and Facebook and what's Google's name now, Alphabet.

2:00.0

And Tesla, these companies alone accounting for a crazy amount of stock market value.

2:10.2

And the value of these companies is extraordinarily high versus their profits.

2:19.6

These are companies that have performed very well because of, oh, I'm sorry, Tesla is not

2:27.6

on the list.

2:28.6

The five are Apple, Amazon, Microsoft, Alphabet, and Facebook, even though Tesla is much

...

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