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Talking Real Money - Investing Talk

Meaningless Market Moves

Talking Real Money - Investing Talk

Don McDonald

Education, Investing, Business, How To

4.5811 Ratings

🗓️ 21 July 2021

⏱️ 25 minutes

🧾️ Download transcript

Summary

The media makes a big deal about big moves. Learn more about your ad choices. Visit megaphone.fm/adchoicesQuestions? Comments? Click!

Transcript

Click on a timestamp to play from that location

0:00.0

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0:10.3

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0:34.9

Reality Radio for a really great future.

0:38.0

We're talking real money.

0:40.3

Good morning, good evening, good afternoon.

0:42.9

This is the latest economic news.

0:44.8

I'm Don McDonald.

0:46.1

The S&P 500 on Monday plunged to levels not seen since late June.

0:52.9

And then the next day recovered most of those losses. What does this

0:58.0

mean for investors? Well, Talking Real Money's Tom Cox joins us from Bellevue, Washington. Tom.

1:04.2

Thank you, Don. First, let's check the numbers. Then we can talk about the significance of all

1:08.3

of this, right? Okay, first of all, on Mondays, you just reported

1:12.0

the Dow Jones Industrial Average, which we do not pay attention to. Oh, wait, you're not

1:15.7

allowed to quote the Dow Jones Industrial average. I'm sorry. Moving on from the Dow Jones Industrial

1:20.2

average to the Standard & Force 500. Thank you. Okay. You almost, you almost destroyed our system.

1:27.4

We are Dow free. One point six percent, one point six percent on Monday, which led to panic, which led to media interviews, which led to none. I checked with all the advisors yesterday. Not one client called.

1:44.4

Not one because our client are well trained.

1:48.5

But the next day, stand by because we're headed to new heights we have not seen since late June.

...

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