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Wall Street Unplugged - What's Really Moving These Markets

Ep. 94 - Are Recession Fears Overblown?

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

4.61.1K Ratings

🗓️ 31 August 2011

⏱️ 53 minutes

🧾️ Download transcript

Summary

Stephanie Link, director of research at TheStreet, sees huge opportunities following the massive sell-off in cyclical stocks. She also talks about the importance of Buffett's recent investment in Bank of America and what segments - within technology - you should be investing in.

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?

0:18.0

It's Wednesday, August 31st and I'm Frank Curzier, hosted the S&A Investor, where I break down the headlines and tell you what's really moving these markets.

0:29.2

You know, it always amazes me when I see traders on C and b c in the morning session talk about

0:35.2

macro conditions and there's one trader I think he was on the New York Stock

0:40.0

Exchange a guy that I never saw before, and he said that the new Prime Minister of

0:46.7

Japan, which is the old finance minister, is a terrible choice.

0:51.5

This guy is horrible. And the trainer didn't even know the guy's name, the new

0:57.0

prime minister's name, but he was like, this is a bad decision that could weigh on the markets in the short term.

1:02.0

And it just reminds me of how on the markets in the short term.

1:02.8

And it just reminds me of how many people sometimes are on

1:06.1

CNBC that aren't qualified to talk about certain events.

1:09.1

Whether this guy is good or not, the fact they didn't know his name I just thought was amusing.

1:12.8

It's almost like me telling my wife about what towels she should buy at bed bath and beyond

1:17.3

when I know nothing about that subject.

1:20.4

Anyway, we do see this a lot where unqualified people give advice on stocks, markets all the time.

1:25.8

And that was my basis for buying research and motion or telling people to buy research and motion

1:30.4

in the mid 20s, 26, 27.

1:33.0

And there was just, you know, I saw a lot of people trashing research in motion on

1:39.0

on C.N. B.C.

1:40.0

They didn't really talk about the fundamentals.

...

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