MarketFoolery: 06.20.2012
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 20 June 2012
⏱️ 16 minutes
🧾️ Download transcript
Summary
The Fed announces additional stimulus. Natural gas prices rise. Procter & Gamble lowers its forecast. And shares of La-Z-Boy tumble.
Transcript
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| 0:00.0 | It's Wednesday, June 20th. |
| 0:04.0 | Welcome to Market Foolery. |
| 0:05.0 | I'm Chris Hill joining me in studio today for Motley Fool's stock advisor, |
| 0:08.0 | Jason Moser, for Motley Fool's Special Ops, Mike Olson, |
| 0:11.0 | and for Motley Full Inside Value, Joe Maker. |
| 0:13.6 | Gentlemen, happy first day of summer. |
| 0:16.0 | First day of summer, a little. |
| 0:17.0 | A long day of the year, right? |
| 0:18.0 | Yeah, it is the long to stay the year, right? |
| 0:19.0 | Yeah, it is the long of the year. Wow, someone did his homework when he was in high school. |
| 0:21.6 | Nice work. |
| 0:22.3 | I feel alive. It's hot outside. It is hot outside. We're going to talk about natural gas, |
| 0:27.2 | consumer products, and the business of furniture, but we got to start with the Fed announcement |
| 0:32.1 | which just happened. We held off on taping because you know out of respect to the Fed Chairman |
| 0:37.4 | The Fed announced the beard we always respect the beard the Fed announced an extension of a bond buying stimulus program. It is a six month |
| 0:45.7 | program designed to give a little boost to the economy. Joe I'll start with you. Is this |
| 0:50.6 | going to help? Is this just, you know, the Fed doing what little they can? |
| 0:55.0 | Yeah, it's a bit of can kicking it's not all that aggressive a move out of the Fed. |
| 0:59.0 | There are a lot more weapons in their arsenal than this. |
| 1:01.0 | You know I think it just speaks to they're a little bit concerned about the economy here |
| 1:05.2 | domestically and Europe at large, but it isn't the biggest move that we might end up seeing |
| 1:10.1 | out of them. |
... |
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