MarketFoolery: 06.07.2011
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 7 June 2011
⏱️ 15 minutes
🧾️ Download transcript
Summary
Now that Apple has unveiled the iCloud, will it be yet another game-changer for Steve Jobs & Co? The Wall Street Journal reported today that famed bond investor Bill Gross lost $3.4 billion in the Lehman Brothers bankruptcy. What should investors make of the Gross loss? And a Prudential survey found that 3 out of 4 investors say they plan to avoid the stock market for at least the next year. Is this good news for investors who do want to be in the market?
Transcript
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| 0:00.0 | It's Tuesday, June 7th, and this is Market Fullry. |
| 0:05.0 | I'm Chris Helen joining me in studio today from Motley Fool's |
| 0:08.0 | Asset Management Bill Mann. |
| 0:09.0 | Yes, from Stock Advisor Jason Moser, |
| 0:11.0 | Jason Moser, and from Motley Fool Asset Management, Bill Barker. |
| 0:14.4 | Guys, good to see you. |
| 0:15.4 | Good you see, Chris. |
| 0:16.4 | We got two guys from the first floor. |
| 0:17.7 | Jason, I mean, we're, I mean, it's... |
| 0:20.1 | We gotta have a couple of escorts up. |
| 0:21.9 | I know, we're to need to call security. |
| 0:24.5 | By escorts, I should. |
| 0:26.0 | Oh no, we're in the outtakes part of the podcast already. |
| 0:32.0 | This is not the Elliot Spitzer kind of escorts we're talking about. |
| 0:35.0 | Exactly. We're just not allowed to wander around the editorial floor. |
| 0:38.5 | Exactly. All right. Moving on to the actual news, we've got aftershocks from the Lehman Brothers bankruptcy and |
| 0:44.4 | we've got the state of the American investor in a moment but first yesterday Apple CEO |
| 0:49.5 | Steve Jobs took the stage at the Worldwide Development Conference in San Francisco to unveil |
| 0:55.4 | the Lion, the company's latest operating system, as well as I-Cloud, a music streaming service. The company is banking will popularize web-based consumer services. |
| 1:07.0 | Jason... |
| 1:08.0 | I hadn't heard about any of this. |
| 1:09.0 | They did what? |
... |
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