Market Update – Our Panelists Opinions on Coronavirus, Supply Chain Disruptions and Oil Price Drop

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 12 March 2020

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Back by popular demand, Kirk Chisholm, Megan Gorman and Barbara Friedberg discuss a market update for today March 12, 2020.

Today we are discussing the coronavirus, the big oil price drop and the supply chain disruption... and most importantly, what to do with your portfolio now.

Listen to three experts tell you how to manage your investments during this market turmoil... And we do it without scaring you.

For more information, visit the show notes at https://moneytreepodcast.com/market-update-3-12-20-our-panelists-opinions-on-coronavirus-supply-chain-disruptions-and-oil-price-drop

Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast. Stock market, wealth, personal finance, value stocks, invest in your life.
0:11.0	Hey, Money Tree Podcast listeners. We have another episode. Our first episode was called Market Mondays. This is going to be Market Thursdays. There's a lot going on in the market.
0:22.5	We've gotten a lot of feedback from our listeners. They want to know what's going on. They want to hear,
0:27.4	you know, they want to hear from us in our perspective on the markets. So we have our typical panelists here that we have every week.
0:34.2	We have Megan Gorman. How you doing it, Megan, I'm doing well, Kirk. How are you?
0:38.6	I'm doing great. And we also have our very own Barbara Friedberg. How you doing day, Barb?
0:42.6	Doing great, Kirk. How are you? Good, good. So I want to start the show because I want to put things in
0:48.1	perspective. The markets are down again. This is March 11th, and the markets are down again on more bad news, but we've had a lot of volatility.
0:56.7	So, you know, Megan, you want to talk about what's been happening in the past week from your perspective?
1:01.5	Yeah, yeah.
1:02.0	I think that right now there are probably three big news items going on.
1:08.3	One is coronavirus.
1:10.4	Two is disruption of supply chain. And three is the oil situation.
1:15.7	So I'm going to just touch on all of them. I think the coronavirus, what we all have to keep in
1:20.9	mind here is if we were to go back to 2008 and 2009, what we saw was a lot of government cooperation around the
1:31.4	world to address this issue. That was a positive thing for the U.S. because we were able to come
1:37.2	off the bottom of the floor fairly quickly, if you think about it, in March of 2009, due to the
1:42.9	fact that the Obama administration addressed a lot of
1:45.9	issues fairly quickly. Coronavirus has been a little bit of a different situation, and you could say
1:53.0	that there has been bungling by a lot of the governments worldwide. China started that with bungling
1:59.7	its early response, but what you know, what you found here
2:03.9	in the United States is that the fact that the U.S. has really not been very good at providing testing,
	...

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