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MarketFoolery

MarketFoolery: 08.09.2011

MarketFoolery

The Motley Fool

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

4.71.7K Ratings

🗓️ 9 August 2011

⏱️ 19 minutes

🧾️ Download transcript

Summary

Stocks recoup some of their losses. The Federal Reserve announces it won't raise short-term interest rates until mid-2013. And inflation in China hits a 3-year high.

Transcript

Click on a timestamp to play from that location

0:00.0

It's Tuesday, August 9th, and this is market foolery.

0:05.8

I'm Matt Greer sitting in for Chris Hill this week.

0:08.4

Joining me in studio today from Motley Full Global Gaines, Tim Hanson,

0:11.7

from Motley Full Million Dollares, Tim Hanson, from Motley Full Million Dollar Portfolio, Ron Gross, and

0:15.4

from Motley Full Inside Value Joe Meger.

0:17.6

Guys, welcome.

0:18.6

Hey man, how are you?

0:19.6

So I'm pretty sure I wasn't supposed to have to do another podcast with Joe.

0:23.0

I'm sorry, I didn't.

0:24.0

Is that a new contract?

0:25.0

We're supposed to separate you too?

0:26.0

There are some moments on the last one we did together.

0:28.0

I'm not allowed to talk about it.

0:30.0

You know, I think I edited most of those moments out, but the world is not aware of the tension they're not aware but there is some tension so

0:36.0

if we get an HR moment on here maybe you can we switch seats that's good here this is good I'm not allowed to talk about that either okay now, now that we've set expectations very low, let's get over that bar.

0:45.5

Guys, we are taping this right on the heels of the Fed statement.

0:49.7

Ron, I'm going to you, right out of the shoot.

0:51.8

Okay, the Fed says no rate hikes until 2013.

0:55.5

They say downside risk to the economy have grown.

0:59.2

And the Fed says it's prepared to use additional tools.

1:02.4

I chuckle, but it's really not funny at all.

1:05.0

I was because by the way it's also Tuesday. So what does it all mean for investors?

...

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