Turbulence, it's coming back. You're listening to Motley Full Money.

I'm Ricky Mulvey, joined today. I'm Ricky Mulvey, joined today by Jim Gillies.

We will see how we can bait Jim Gillies into some spicy takes with these stories.

Jim, how you doing?

I am doing just fine, Ricky, and I'm pretty sure you've just, you're, you've scheduled

the stories to try to bring out the old man shouting at clouds.

So here we go. We got a lot of

clouds to shout out. And the first of which is that we got some turbulence. The turbulence is back

in the market, especially for those high flying names. I'm going to give you a couple of your favorites.

Palantir. It's down about 30% over the past week. Bitcoin holding for micro strategy down

about 26% over the past week. Tesla's

not doing too well either, and the broad QQQ is down 5% over the past week. I mentioned some

of those frothy, frothy names that are down and just wanted to see, take your temperature.

What do you make of this? Sell off. Is this just some

froth getting taken off our sweet mocha of the market? Yeah, I largely think it is. I mean,

but I think there's a good side of idiocy at play here. And let's start with Poundeer. Look,

this is a company that basically trundled alongside the S&P for the first six

or seven months of 2024. And then it went stupid in the back half of the year. Speculators

showed up, not calling them investors. Speculators decided that, hey, given the way the political

leadership and outcome of the U.S. election would look like it was leaning,

this is a company that's going to do spectacularly well because something, something favorable government condition, something, something, something.

That's an interesting growth strategy, but it didn't really matter.

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