MarketFoolery: 06.20.2013
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 20 June 2013
⏱️ 19 minutes
🧾️ Download transcript
Summary
The stock market reacts to the Fed Chief's latest comments. And Men's Wearhouse decides its founder is no longer a good fit.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | It's Thursday, June 20th. |
| 0:03.6 | Welcome to the market forward. |
| 0:04.8 | I'm still joining me in studio today |
| 0:06.4 | from Motley Pool Asset Manager at Bill Mann, Bill Barker, |
| 0:09.5 | and Tim Hanson. |
| 0:10.3 | We've just cleaned out the first floor, basically.. I mean Tony's on the other side of the glass |
| 0:15.2 | We're all here everybody's up next time because it is it is annual shareholder day for Motley Fool asset management, so we'll be heading to that event after we tape this. |
| 0:27.0 | But let's dispense with the business of market foolery. We're going to talk Ben Bernanke, emerging markets, a business icon who was just kicked to the curb, |
| 0:36.4 | but let's start with the Fed Chief. Wednesday afternoon Ben Bernanke at a press conference talked about how the economy is |
| 0:45.1 | expanding strongly enough for the Federal Reserve to begin slowing the pace of |
| 0:49.8 | bond buying later this year and you would think and I'll just start with you bill man you |
| 0:53.6 | would think that maybe that would be viewed as good news and then you know |
| 0:59.2 | cue the freak out which has continued into Thursday morning. |
| 1:02.6 | The market dropped a percent or more just in late trading on Wednesday |
| 1:08.3 | and is down this morning. |
| 1:10.3 | I just kind of don't know what people expect that he was going to do. |
| 1:15.6 | At some point, they were going to stop buying bonds in the same volumes that they've been buying. |
| 1:21.0 | For basically the reason that the economy is expanding. |
| 1:25.0 | This is all good news. |
| 1:27.0 | I mean basically they have put a put under various parts of the market for years now, which I guess is okay for you know for for for people |
| 1:36.0 | who are trying to play that but if you're an investor what you want is an economy that's |
| 1:42.3 | healthy and that put doesn't suggest that the |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Motley Fool, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Motley Fool and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

