It's Wednesday, August 3rd, and this is Market Flory. I'm Matt Greer sitting in for Chris Hill this week, and joining me in studio today from Motley Full Pro Jeff Fisher, from Motley Full Hidden Jims, Charlie Travers, and from Motley Full Asset Management, Bill Mann.

Guys, welcome.

Hey Mac.

Hey, Mac.

Are we feeling it?

Feeling it.

Good. Because on today's show, we've got beer and donuts. Beer's good. It's just like breakfast.

Yeah exactly. And donuts are good. But I want to begin with the slumping stock market.

Guys, August is off to a very ugly start.

Charlie Travers, what's one thing you're looking at as you're trying to make sense of

this stock market?

Oh sure, Mac, you know, despite having, the market's been pretty good for the last two years up until recent weeks

But one thing we've tried to communicate to our members in the million dollar portfolio is that the financial crisis really didn't end in March

09 a lot of the issues that were underlined wait a minute my two Debbie

downer here I heard it did it well you, you know, so in the U.S. we have debt to GDP pushing 100%.

There's, you know, the ongoing problems in Europe and Japan all similar.

And, you know, I'm not predicting another catastrophe here but we should

expect in the states to have slower economic growth and where that comes through

towards us who are tend to be bottom-up company-focused investors is just to be a little more

restrained with how we're thinking about you know the company's prospects over the

next five years and really try and pick our spots carefully and that's really what

we're looking to do right now versus

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