Welcome to Animal Spirits, the podcast that takes a completely different look at markets and investing,

hosted by Michael Baddick and Ben Carlson, two guys who study the markets as a passion,

and invest for all the right reasons.

Michael Batnik and Ben Carlson work for Rit Holt's wealth management.

All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions and do not reflect the opinion of

Ritt Holt's wealth management. This podcast is for informational purposes only and

should not be relied upon for investment decisions. Clients of Ritthold's

wealth management may maintain positions in the securities discussed in this podcast

Welcome to Animal Spirits with Michael and Ben. This is the week of the 10th anniversary of the great financial crisis

when Lehman failed and what's pretty remarkable

is that obviously there's been an insane run in the stock market since the bottom but even

since the top things have done okay over the last last 10 years the S&P 500 is up 185% which includes that 45%

drawdown which is pretty remarkable.

Right yeah I figured so let's say you bought the Friday before Lehman went bankrupt which was on a Monday. I think September 15th was the date.

Yeah you would have lost like 46% over the next six months but from that date if you would have held on

you're up over 185% in total. So something for everyone in that one.

Yeah, it's wild. And of course, this has shaped people's view of the market and in turn how they allocate their money.

And what's sort of interesting in all of these polls and studies and surveys is we can't

seem to reach a conclusion.

I feel like it's always one thing says something else and all things were feuded by each other.

So an average of just 31% of people ages 18 to 29 health stocks from 2009 to 2017, according to Gallup, versus 42% in that age

cohort in the years from 2001 to 2008.

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