MarketFoolery: 05.23.2011
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 23 May 2011
⏱️ 14 minutes
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Summary
Standard & Poors downgrades its outlook for Italy's debt. Krispy Kreme reports its biggest quarterly profit in seven years. And Toyota introduces a new friend.
Transcript
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| 0:00.0 | It's Monday, May 23rd, and this is Market Fullry. |
| 0:05.0 | I'm Chris Hill and joining me in studio today from Motley Fool Asset Management, Bill Mann. |
| 0:09.0 | That's true. |
| 0:10.0 | From Stock Advisor, Alex Sharrer, |
| 0:12.0 | I am. And from a from million dollar portfolio Ron Gross. |
| 0:14.8 | How you doing? |
| 0:15.6 | Guys we will look at Crispy Cream's sweet earnings and Toyota's new friend in just a moment, but first, global stocks sank the most in two |
| 0:26.6 | months amid signs Europe's debt crisis is getting worse. |
| 0:30.5 | Bill, man, I will start with you. Here's just some of the good news. Commodities down, the euro hit a new |
| 0:36.7 | record low versus the Swiss franc. I don't know what that means, but it sounds bad. |
| 0:41.2 | S&P said it could lower Italy's debt rating within two years. |
| 0:45.5 | I mean... |
| 0:46.5 | Everything that's not awesome is down. |
| 0:48.0 | Yeah, it just, it sounds like a train wreck outside of our borders. |
| 0:51.0 | I think the great thing about this is how surprised everyone is. |
| 0:54.0 | You know this feels like hey the top story from 2009. There's debt problems in Europe. |
| 1:00.5 | The Greeks are rioting. |
| 1:02.0 | What a shock? What a shock. |
| 1:04.0 | Yeah, so I think the amazing thing to me is that is how relatively poorly the dollar has done against the euro over the last year because I mean you want to talk |
| 1:14.2 | about you want to talk about a place with problems Europe doesn't even have the rules by which |
| 1:19.1 | to handle what's coming down the pike with Spain with Italy, you know, much less what they're already |
| 1:24.6 | dealing with with Greece, which the problem with Greece right now is that they've got a set of rules by |
... |
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