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Bannon`s War Room

Episode 4387: Left Flounders As they Stoke Fears Of Market Crash

Bannon`s War Room

WarRoom.org

News, Politics, News:politics

4.415.6K Ratings

🗓️ 3 April 2025

⏱️ 59 minutes

🧾️ Download transcript

Summary

Episode 4387: Left Flounders As they Stoke Fears Of Market Crash 

Transcript

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0:00.0

Today, I think people on Capitol Hill feel the same way that finance ministers all around the world feel.

0:07.0

It's a pepto-bismal moment in the marketplace.

0:13.0

And finance ministers around the world are now holding onto their stomachs.

0:16.0

People at kitchen tables and at workplaces all across our country are holding onto their stomachs.

0:21.6

We're in one of the greatest wealth destruction days in the history of the world.

0:26.6

And up here on Capitol Hill, I think Republicans right now, I'm thinking about popping bottles of champagne,

0:32.6

but maybe popping bottles of Pepno Bismol over the next few days to really determine what is going to be

0:39.1

the impact on our economy when J.P. Morgan and Goldman Sachs are both saying there's a doubling

0:45.8

of the chance we're going to have a recession this year because of Trump's actions.

0:50.2

I wouldn't go diving in and buying stocks tomorrow a bottoming in the stock market is a process

0:56.9

not a point in time so you have to be really really careful if you're a trader about when to get in

1:03.2

and when to get out all right that is down 60 80s down nearly 4% for the Dow for investors what is your advice today

1:11.9

okay whatever money you may need for the next five years please take it out of

1:17.3

the stock market right now this week i do not believe that you should risk those

1:23.0

assets in the stock market even if you would take a tremendous loss in selling

1:27.1

your stocks at this decline you you say take it out.

1:28.3

I don't care. If you need it in five years.

1:31.3

I do not care where stocks have been. I care where they're going.

1:33.3

And I don't want people to get hurt in this market.

1:36.3

But if you need it after five years, then don't touch it.

1:39.3

Well, yes. If you have that much flexibility, I'm worried about unemployment, I'm worried about your purchases that you may need.

1:47.0

I can't have your risk that in the stock market for the next five years.

...

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