Welcome to Animal Spirits, a show about markets, life, and investing.

Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.

Michael Batnik and Ben Carlson work for Ritholz Wealth Management.

All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions

and do not reflect the opinion of Ritholz wealth management.

This podcast is for informational purposes only. not be relied upon for

for informational purposes only and should not be relied upon for

investment decisions.

Clients of Ritholz wealth management may maintain positions in the securities

discussed in this podcast. Welcome to Animal Spirits with Michael and Ben.

I think this is going to happen every time we get a correction.

So tech stocks are falling off. I think the NASDAQ 100 is off.

It was off almost 10% this morning. We're taping this at the

opening on Tuesday. Are we going to have these every time this happens we're

going to go okay this is the big one? Is that feeling that's permanent yes your line is every

time stocks fall little it feels like they're gonna fall a lot but doesn't it feel like

even more so because of the state of the world right now I think that given the fact that the Nastack is up, what is it, 3.4 billion percent from the

lows, I think that people are eager for more than a healthy correction or healthy

pullback, whatever we're calling it.

One of the things that makes investing so hard I think is the fact that there doesn't always

need to be a catalyst. There's nothing that happened to cause this.

So sometimes the reason stocks fall a lot is because they went up a lot.

...