Ep 290 The Best of Steve Sjuggerud

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

Business, News, Commodities, Debt, Investing, Macroeconomics, Gold, Personal, Uranium, Oil, Economics, Business News, Geopolitics, Industry, Crypto, Stocks, Curzio, Trading, Finance, Research, Investments, Tokens, Talk, Crisis

4.5 • 1.1K Ratings

🗓️ 4 March 2015

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

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Summary

Steve Sjuggerud, editor of True Wealth and True Wealth Systems newsletters for S&A, talks about why U.S. stock will go much higher from here. He explains why he's bullish on China and why investors should continue to stay clear of Russia and Greece. Finally, Steve shares his favorite idea - which trades at just 8 times earnings and pays over a 5% yield.

Transcript

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0:00.0	Wall Street Unplugged looks beyond the regular headlines heard on mainstream
0:06.1	financial media to bring you unscripted interviews and breaking commentary direct from Wall Street
0:11.8	right to you on Main Street.
0:14.0	How's it going out there?
0:18.0	It's Wednesday, March 4th.
0:19.0	And I'm Frank Curzy, a host of the Wall Street Unplugged
0:22.0	podcast, where I break down the headlines and...
0:24.4	Tell you what's really moving these markets.
0:27.8	Did you see this 60 minutes piece on lumbered liquidators?
0:33.1	This on Sunday.
0:34.4	Pretty amazing.
0:36.2	The stock was at a hundred not long ago, fell to 50.
0:40.5	And after the 60 minutes piece on Sunday,
0:42.4	the stock fell another 25%,
0:45.0	it was under 40 now.
0:48.0	Basically, it was how the company is selling and installing wood floors using wood with unsafe levels of formaldehyde, like seven times
0:55.8	higher than the average levels and high levels of formaldehyde are known to cause cancer.
1:02.0	You say, why will liquid lumburgators do something like this? How
1:05.1	didn't they know? Because it's cheaper. Their margins are much higher than everybody else in the business.
1:09.7	So 60 minutes, sends an undercover team to China.
1:15.0	This is where their three largest plants are.
1:17.0	They import most of this wood.
	...

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