MarketFoolery: 03.19.2013
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 19 March 2013
⏱️ 22 minutes
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Summary
Investor react to the Cyprus crisis. Lululemon recalls some yoga pants for being too sheer. And Samsung confirms that it's working on a smart watch.
Transcript
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| 0:00.0 | It's Tuesday March 19th. Welcome to Market Foolery. I'm Chris Hill joining me in studio today |
| 0:06.6 | for Motley Pool 1, Jason Moser and for Motley Full Pro and Motley Full options. |
| 0:11.0 | Jeff Fisher, good to see you guys. Thanks for being here. |
| 0:13.0 | Howdy, howdy. |
| 0:14.0 | Oh, we got a lot to talk about. |
| 0:15.0 | We're going to talk about the smart watch industry because yes, there is apparently a burgeoning |
| 0:19.8 | smart watch industry. |
| 0:21.4 | We're going to talk about maybe the most awesome story in |
| 0:23.6 | apparel retail this year. We will dip into the full mailbag, but we will start, |
| 0:28.2 | as we did yesterday, we will start with Cyprus. As we are taping this, I believe the Parliament in Cyprus is getting ready to vote on the $13 billion bailout of the banking industry. |
| 0:40.0 | They are, by all accounts, going to reject the deal that is on the table |
| 0:44.8 | because they are politicians and they want to get reelected and you don't get |
| 0:48.0 | reelected Jeff when you're like |
| 0:51.5 | in the bank account rating the bank accounts of your voters and then I guess it's |
| 0:57.2 | back to the negotiating table with the leaders of the EU but where do you see this going right now? |
| 1:04.4 | Because one of the things we talked about on yesterday's show |
| 1:07.6 | was, and Tim Hanson was the one who made this point, |
| 1:10.5 | he was stunned that there wasn't greater panic that there wasn't |
| 1:15.5 | more of a run on banks and I'm wondering if this vote goes down do we get one two |
| 1:21.1 | or 20 steps closer to a run on banks right Tim was worried |
| 1:24.7 | about greater Europe Spain and Greece and elsewhere in Cyprus itself |
| 1:30.4 | uh... people withdrew as much money as they could over the weekend they drained the ATMs |
... |
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