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MarketFoolery

MarketFoolery: 06.18.2012

MarketFoolery

The Motley Fool

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

4.71.7K Ratings

🗓️ 18 June 2012

⏱️ 16 minutes

🧾️ Download transcript

Summary

Investors react to election results in Greece. Warren Buffett bets big on housing. And PetSmart increases its dividend.

Transcript

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0:00.0

It's Monday, June 18th.

0:04.0

Welcome to Market Fullery.

0:05.0

I'm Chris Elf joining me in studio today

0:07.0

for Motley Full Stock Advisor, Jason Moser,

0:09.0

and for Motley Full Inside Value,

0:11.0

Joe Maker,

0:12.0

gentlemen, happy Monday.

0:13.0

It's nice to see that we're all here in one piece after, you know, surviving the Greek

0:17.5

collections. We'll get to that in a minute. We will get to Warren Buffett and his

0:21.7

latest billion-dollar bid as well as Pet Smart in the news.

0:27.0

But let's start over in Greece.

0:29.2

The New Democracy Party eked out a win in Sunday's elections.

0:33.4

So it appears, Jason, like the bailout plan

0:36.5

will be supported by the new government.

0:38.8

For now.

0:39.5

For now.

0:41.3

And for people who were expecting a big rally Monday morning or a big pop in the

0:46.6

stock market sorry to disappoint it appears that instead what we got was the absence of a

0:52.0

drop because it's not even.

0:53.2

Yeah it seems like the you know the markets are essentially just sort of treading water

0:57.1

here in the US but I mean what do you make of all this?

0:59.8

Yeah I mean think about how long we've been talking about this I think we could go back a year where

...

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