MarketFoolery: 09.06.2012
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 6 September 2012
⏱️ 21 minutes
🧾️ Download transcript
Summary
Stocks rally after the European Central Bank announces a big buy. Our analysts tackle that story and talk about Amazon's new Kindle.
Transcript
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| 0:00.0 | It's Thursday, September 6. |
| 0:04.0 | Welcome to Market Fullery. |
| 0:05.0 | I'm Chris Ellen joining me in studio today. |
| 0:07.0 | From Motley Full Asset Management, Bill Barker, |
| 0:09.0 | and from Motley Fool 1, Jason Moser. |
| 0:11.0 | Happy Thursday, guys. |
| 0:12.0 | Asset Management up here. |
| 0:14.0 | Asset management in the house. |
| 0:16.0 | It's a good day to be managing asset. |
| 0:18.0 | You look at the market. |
| 0:19.0 | We're going to get to that in a second. |
| 0:20.0 | We're going to talk about Amazon's the latest event we're going to talk |
| 0:23.8 | some precious metals and we got a flood of email in response to yesterday's |
| 0:28.4 | episode of market for you but let's praise in praise of the episode we shall see but let's start with the market writ large |
| 0:35.4 | Mario Draghi the president of the European Central Bank unveiled a program |
| 0:40.2 | to buy government bonds of countries in the Eurozone as a way to bring down interest rates. |
| 0:45.2 | And guys, the market reaction, safe to say was quite positive. |
| 0:50.0 | The market hasn't closed yet as we're taping this, the Dow S&P 500 NASDAQ all up around 2%. |
| 0:55.4 | Jason I'll just start with you when you first saw this news what did you think? |
| 1:00.4 | I think that the market really liked the phrase open-ended yes it sounds like |
| 1:05.6 | this is probably going to go in perpetuity I mean the one the one thing that you |
| 1:10.4 | know I took notice immediately because the market obviously does like it |
... |
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