MarketFoolery: 08.04.2011
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 4 August 2011
⏱️ 13 minutes
🧾️ Download transcript
Summary
The stock market plunges. Kraft splits itself in two. Adidas reports big earnings. And biotech company Dedreon has a very bad day.
Transcript
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| 0:00.0 | It's Thursday, August 4th, and this is market foolry. I'm Matt Greer sitting in for Chris Hill this week. |
| 0:07.0 | Joining me in studio today from Motley Full Hidden Jim's Charlie Travers, from Motley Full Global Gaines, Tim Hanson, and from Motley Fool Asset Management, |
| 0:15.6 | Bill Mann. |
| 0:16.6 | Guys, welcome. |
| 0:17.6 | Hey Mac. |
| 0:18.6 | On today's show, we're going to talk about a biotech stock that's getting absolutely |
| 0:21.7 | hammered. |
| 0:22.6 | We're going to talk about Adita's big surprise, |
| 0:24.5 | and we'll have some fashion advice |
| 0:26.4 | for the founder of Facebook. |
| 0:28.5 | But we begin with the market's big sell-off on Thursday. Tim Hanson is... Sharp sell-off on Thursday. |
| 0:33.2 | Tim Hanson, it is... |
| 0:34.2 | Sharp sell-off. |
| 0:35.2 | Sharp. |
| 0:36.2 | Let's call it a Sharp sell-off. |
| 0:36.7 | Okay, Sharp as opposed to big. |
| 0:38.5 | It's ugly out there. |
| 0:39.5 | Don't make people panic. |
| 0:40.8 | What's your take? |
| 0:41.8 | You know, we've seen something like this coming down the pike for some |
| 0:45.7 | time obviously we don't time the market. I couldn't have told you what day it was going to happen, |
| 0:49.2 | but the fact is that the numbers coming out of the global economy haven't supported the types of |
... |
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