Ep 340: Game Plan: Don't Panic And Be Sure To Follow Your Stops
Wall Street Unplugged - What's Really Moving These Markets
Frank Curzio
4.5 • 1.1K Ratings
🗓️ 24 August 2015
⏱️ 24 minutes
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Summary
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 is it going out there? |
| 0:17.0 | It's Monday. |
| 0:19.0 | August 24th, and I'm Frank Curzier, hosted the Wall Street Unplugged Podcast where I break down the headlines and |
| 0:25.2 | tell you what's really moving these markets. |
| 0:30.1 | What does send out a special podcast today this Monday. |
| 0:35.0 | Usually publish my podcast on Wednesday. |
| 0:38.8 | You probably know why this podcast is coming out Monday. |
| 0:41.3 | I watch my screen, St stocks are down more than 700 points in the Dow. |
| 0:49.0 | Major indices down more than 4% each. This follows last week where the S&P 500 fell 5% in one week. Huge moves. |
| 1:00.0 | And you put that in perspective, the market going back in history usually sees at least 3 5% |
| 1:09.3 | corrections a year and we haven't seen one for a very long time. |
| 1:15.0 | So the markets coming down is a lot of fear. |
| 1:17.0 | People jumping out of the markets, get out of stocks. |
| 1:22.0 | A lot of fear going on. |
| 1:23.0 | Why? Well, seen a global slowdown. |
| 1:27.0 | A lot of things going on in China. |
| 1:30.0 | Most of the Asian markets are down more than 20%. |
| 1:33.0 | Europe's getting crushed. |
| 1:35.0 | Oil, forget it, right? |
... |
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