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MarketFoolery

MarketFoolery: 05.01.2013

MarketFoolery

The Motley Fool

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

4.71.7K Ratings

🗓️ 1 May 2013

⏱️ 25 minutes

🧾️ Download transcript

Summary

DreamWorks Animation reports a profit thanks to the success of The Croods. And the CEO of Blackberry makes a bold statement about the future of tablets. Our analysts discuss those stories and debate whether investors should sell in May and go away.

Transcript

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0:00.0

It's Wednesday, May 1st. Welcome to Market Fullery. I'm Cressil joining me in studio today for Motley

0:06.9

Full 1, Jason Moser from Motley Full Supernova, Matt Arga Singer. And all the way from Sydney Australia for Motley Fool's

0:14.4

Share Advisor Mr Scott Phillips. Welcome sir. A week ago this time we had

0:19.9

Uncle Joe Mager on the phone and we thought no no we'll just no forget forget

0:23.3

Joe for a moment let's get Scott here instead of Scott came over for our annual

0:28.2

meeting last week and you are heading out to Omaha for the Berkshire Hathaway meeting.

0:35.4

And as of right now, by the way, there's a chance of snow.

0:39.1

So that's the weather forecast.

0:40.2

So I hope you pack something warm.

0:41.6

You know, I actually didn't.

0:42.4

So yesterday, actually got out to Gap and saw some of the greatest of American retailing

0:46.3

and had to go and buy myself a couple of jackets just so I could make it through the snow

0:49.2

and apparently almost freezing temperatures.

0:51.3

Wonderful. I like that you're being prepared.

0:54.0

That's good.

0:55.0

All right, we're going to talk.

0:56.0

We've got some earnings from DreamWorks Animation, from MasterCard.

1:00.0

We have just some awesome quotes from the CEO of Blackberry. We'll get to those in a minute.

1:06.2

But we will start with the old investing adage, sell in May and go away, and a year ago on market foolery I think I was among I was probably the first to make

1:17.3

fun of this whole notion this is absurd you know why would you sell in May and go away and yet when you look at the

1:23.9

numbers just from last year makes a pretty good case for selling in May and

1:28.1

going away because the market dropped more than 5% and basically you know over the you know from May 1st to mid June the market

...

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