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The John Batchelor Show

#MARKETS: No EXPLANATION POSSIBLE. BRETT ARENDS, MARKETWATCH

The John Batchelor Show

John Batchelor

News, Arts, Society & Culture, Books

4.52.8K Ratings

🗓️ 12 September 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

#MARKETS: No EXPLANATION POSSIBLE. BRETT ARENDS, MARKETWATCH
1907 NY Stock Exchange

Transcript

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0:00.0

This is CBS I on the world with John Bachelor.

0:07.0

Here's John Bachelor.

0:12.0

Brett Arons, Return on Investment for the Market Watch.

0:16.8

I turned to Brett after there's been a market pledge.

0:20.0

Brett, a very good evening to you.

0:21.5

You are, break the glass. And last week it looked like you jumped

0:25.9

into the phone booth and made your quick change to being Super Break the Glass because the market

0:30.8

was plunging to say like a rock is inadequate.

0:35.0

It was going straight down. There was nothing holding it up,

0:38.0

especially the mag seven.

0:40.0

And now, within 96 hours, the Mag7 are rallying.

0:44.0

That's all they've done this year, rally, rally, rally,

0:45.8

and Viti is up a hundred and twenty-three percent year to date.

0:50.0

That is the market.

0:51.0

What does this mean, Brett?

0:52.1

Good evening, too. this mean bread good evening to

0:55.0

good evening great to be here as usual short-term movements in the market

1:01.0

basically mean nothing.

1:03.0

They are, it is absolutely impossible to either predict what's going on on a very short term basis and all the explanations that you will hear are just rationalizations

1:16.2

usually after the fact to explain the fact that there are once I remember talking once to a senior person

1:24.4

at Fidelity and he said he said people forget the only reason the market rises

1:29.0

is because there are more buyers than sellers.

...

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