Dow 20,000
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 25 January 2017
⏱️ 23 minutes
🧾️ Download transcript
Summary
The Dow hits 20,000. Analysts David Kretzmann and Jason Moser discuss what it means for investors. Plus, we delve into McCormick earnings, discuss some big IPOs, and debate McDonald’s secret sauce.
Transcript
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| 0:00.0 | This episode of Market Foolery is brought to you by Sure Payroll. |
| 0:03.7 | If you're a small business owner, you know that payroll and payroll taxes can be a headache. |
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| 0:17.0 | and get a free quote. |
| 0:18.0 | It's Wednesday, January 25th. |
| 0:22.0 | Welcome to Market Foolery. |
| 0:23.1 | I'm Matt Greer. |
| 0:23.9 | Joining me in studio, |
| 0:24.9 | we've got Jason Moser for a million dollar portfolio |
| 0:27.5 | and David Kretsman from Motley Full Supernova. |
| 0:29.9 | Guys, how you doing? |
| 0:31.8 | Hey, Mac. We got Dow 20,000 can you feel the excitement oh man it's |
| 0:37.4 | palatable permeating everything okay well let's begin there then jason |
| 0:41.0 | dow 20,000 what does it mean and what does it not mean? |
| 0:44.8 | Yeah so I'm gonna be very honest with you here Mac I mean this was like the |
| 0:48.5 | surprise birthday party where you know you jump out for the wrong person and then like 10 seconds 10 seconds later the right person comes walking through the door is like hey everybody what's going on and you like you totally missed it |
| 0:59.0 | This thing went over 20,000 and I mean I totally missed. Like I looked at the market after it opened today |
| 1:03.8 | and it was like, oh wow, I guess it is over 20,000 now, |
| 1:06.3 | because we've been talking about it for like two months. |
| 1:08.9 | And I think that sort of leads me to my point |
| 1:11.0 | in that I guess it's a nice round number but it doesn't really mean |
... |
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