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MarketFoolery

Deep Breaths, Everyone

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 9 March 2020

⏱️ 24 minutes

🧾️ Download transcript

Summary

Mere minutes into the day, a circuit breaker halted trading on Wall Street. Jason Moser and Chris Hill discuss the pain of watching stocks fall, the importance of having cash, whether or not to refinance your mortgage, and the question that every investor needs to answer.

Transcript

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0:00.0

It's Monday, March 9th.

0:03.4

Welcome to Market Fuller.

0:04.7

I'm Chris Hill with me in studio.

0:06.2

It's Jason Bozer.

0:07.1

Thanks for being here.

0:08.3

Well, thanks for having me.

0:09.7

Holy cow is it ugly out there?

0:11.1

I feel like maybe the opening today should be some really somber music

0:14.3

instead of that upbeat sort of all right market foolery is.

0:17.1

Yeah see unlike the cable networks we don't have the breaking news, you know, orchestra, you know, on standby ready to do the dramatic music.

0:28.0

And if we did, today would be a day to do it in all seriousness because the market opened this morning at 9.30 and I think we're

0:35.6

about 10 minutes into the trading day when the circuit breaker was tripped because of how quickly

0:42.4

the market fell and it reminded me once again of David

0:46.6

Gardner's comment of just how quickly stocks fall. When they fall and I'm going

0:51.6

to butcher the comment but it's essentially they fall, and I'm going to butcher the comment, but it's essentially they fall faster than they rise, but they rise more often than they fall.

0:58.0

But today, they're falling quickly.

1:01.0

Yeah, and I mean certainly technology has enabled that to a degree, right?

1:08.0

I mean, you see knee jerk reactions.

1:11.0

They happen more quickly, information flows more freely,

1:15.0

institution information is not correct all the time.

1:18.0

Institutional trading.

1:19.0

Yeah, I mean it just, it's a lot all at once and you know the other thing to remember is I mean

...

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