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MarketFoolery

Market Foolery: 05.08.2012

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 8 May 2012

⏱️ 14 minutes

🧾️ Download transcript

Summary

After Europe’s elections, we discuss Europe-proof stocks. Electronic Arts shares fall on subscriber losses, and Google’s driverless car is licensed to drive.

Transcript

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0:00.0

It's Tuesday, May 8th. This is Market Fullery. I'm Chris Hill. Joining me in studio today for a million dollar portfolio, Charlie Travers, and from Motley

0:09.7

Inside Value. Back from Omaha, Mr. Joe Meager.

0:13.0

Gentlemen, howdy.

0:14.0

Hey, good to see you.

0:15.0

We're going to talk investing in the video game industry.

0:18.0

We've got an update on Google's driverless car,

0:21.0

but we're going to start in Europe and you know what we haven't talked

0:24.1

to Europe in a while and maybe Europe realized that because a lot happened over the

0:28.8

weekend as you may have seen in the headlines there are elections over the

0:32.2

weekend in France and Greece and basically guys the two

0:36.0

ruling parties that backed the EU bailout lost there was definitely an anti austerity

0:42.3

theme going on

0:44.6

Joe. I'll just start with you now what like where are we now because it seemed like

0:50.0

We were kicking the can down the road for a long time and it seemed like we finally had a deal in place and now these elections have taken place the people of France and Greece have spoken

0:58.8

No, I think they've got a smart strategy. The best way to get out of having a massive deficit is not facing it

1:05.1

and more welfare program. So I think the voters made a great choice there.

1:10.8

Well played, friends and Grace. Yeah, my hope here is that the people they voted into office

1:15.6

run into the same issues that our politicians do which is that it's one thing to

1:19.9

campaign on something and it's another to govern and once you get in that position

1:24.2

and you have to start making these tough choices you know they're not going to be

1:28.4

able to go in and fulfill all the campaign promises they had and in this case

1:32.0

those promises involve less

...

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