4.8 • 3.2K Ratings
🗓️ 11 March 2025
⏱️ 11 minutes
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On the Tuesday March 11 2025 edition of The Armstrong & Getty One More Thing Podcast...
Stupid Should Hurt: https://www.armstrongandgetty.com/
See omnystudio.com/listener for privacy information.
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0:00.0 | Hey, Elon, take some of those freaking billions and hire a receptionist. |
0:03.2 | It's one more thing. |
0:05.2 | Armstrong and Getty. |
0:06.5 | One more thing. |
0:08.1 | Oh, poor Elon Musk, taking chickens from all directions these days. |
0:12.7 | So, quick stock thing. |
0:15.3 | I am very young in many years from retirement, so I don't follow the stock market on a daily basis. |
0:21.9 | I mean, I got my 401k. |
0:23.1 | I got my, you know, my investments. |
0:25.1 | I assume I don't need to touch them for quite some time. |
0:28.3 | The way Joe shuddered it, the way you said that. |
0:31.1 | Very young. |
0:33.4 | But how many people know this? |
0:36.3 | The economic growth, the stock market gains of the last couple of years are almost entirely because of the magnificent seven stocks, seven stocks. |
0:48.0 | Although the records that we set on a regular basis are because of Google, Amazon, Apple, Facebook, Microsoft, and Video, and Tesla. |
1:00.9 | That's it. |
1:01.8 | I mean, that's almost the entirety of the giant stock market gain that's made everybody feel |
1:08.1 | wealthy and all the talk about the successful economy and |
1:12.4 | blah, blah, blah, all the ripple effects of the stock market records and how great things |
1:17.4 | are going are really these seven tech stocks. |
1:21.7 | That is sobering. |
1:23.5 | I'd say, given that, for instance, Tesla's dropped by 50% since December, and it was built on a gesture anyway, so it could fall on a gesture, I would think. |
... |
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