Ep. 91 - Market Meltdown

Wall Street Unplugged - What's Really Moving These Markets

Frank Curzio

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

4.6 • 1.1K Ratings

🗓️ 10 August 2011

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Richard Suttmeier, chief market strategist at Valuengine.com breaks down this week’s market meltdown. Andrew Horowitz, founder of The Disciplined Investor talks about the recent debt downgrade and key technical levels you should focus on before buying stocks.

Transcript

Click on a timestamp to play from that location

0:00.0	S&A Investor Radio looks beyond the regular headlines heard on mainstream financial media
0:08.8	to bring you unscripted interviews and breaking commentary direct from Wall Street, write to you on Mainstream.
0:17.0	How's it going out there? It's Wednesday, August 10th and I'm Frank Curzier, a host to the SNA
0:21.3	Investor Podcast where I break down the headlines and tell you it's really moving these markets.
0:27.0	So, how's everybody doing out there?
0:32.0	This is my last podcast. How's everybody doing out there?
0:36.0	Since my last podcast, last Wednesday, the Dow Jones had one day losses, more than 500 points,
0:41.0	and more than 600 points points which is on Monday. The Dow is now trading below 11,000.
0:49.3	I wanted to share some interesting data points with you.
0:53.0	Oil broke the $80 level.
0:56.7	That is 30% lower from just three months ago.
1:00.7	Gold.
1:02.4	1740 an ounce, and rising.
1:05.0	So people lose faith in a dollar, also consider gold a safe haven.
1:10.0	China, inflation rose to a three-year high mostly due to higher food costs which are up
1:17.7	15% year over year.
1:21.7	See most markets around the world enter bare market territory, which means they're down more
1:26.9	than 20% from their highs. You're looking at U.S. stocks, as you know, have been absolutely
1:32.4	hammered.
1:33.0	It's not a stock picker's market guys.
1:34.6	Everything's getting nailed.
1:36.6	Dow lost 17% from its highs.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Frank Curzio, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Frank Curzio and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.