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Motley Fool Money

Michael Lewis on Wall Street

Motley Fool Money

The Motley Fool

Business, Investing

4.43K Ratings

🗓️ 3 April 2015

⏱️ 39 minutes

🧾️ Download transcript

Summary

With the 1st quarter of 2015 in the books, what should investors be watching in Q2?McDonald’s joins Wal-Mart and Target in increasing wages for workers. We analyze Amazon’s new “Dash Button”, GoDaddy’s hot IPO, and the latest questions in the Fool Mailbag. Plus, best-selling author Michael Lewis reflects on his first book “Liar’s Poker”, the current landscape on Wall Street, and what advice he has for college graduates.

Transcript

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0:00.0

Everybody needs money. That's why they call it money.

0:07.0

From full global headquarters, this is Motley Fool Money. It's the Motley Fool Money

0:20.1

radio show. I'm Chris Hill joining me in studio this week for Million Dollar Portfolio

0:24.1

Jason Moser from Motley Fool Income Investor James Early and from Motley Fool Deep Value

0:28.9

Ron Gross. Good to see you. It was always gentleman. Good to see you. We've got a hot

0:32.5

IPO and a brand new definition of home shopping best selling author Michael Lewis is our guest

0:37.5

this week plus as always we'll give you an inside look at the stocks on our radar. But

0:42.1

we begin with the market in general on what was a short week with the market closed on

0:46.7

Friday. But Ron this week we closed the book on 2015's first quarter all three major

0:52.4

indices in the plus column ranging from up 1% to up around 5%. So with that let's

0:58.7

start looking ahead to Q2 what is one thing you're going to be watching? Why can't do one

1:03.3

thing you know me. I did find it interesting that the Russell 2000 was up around four and

1:07.7

the S&P barely eaked that again. That was interesting to me. But going forward I think I'm

1:12.4

selfishly going to be really taking keeping an eye on commodity stocks and some cyclical

1:17.7

industries in general. And that's because I have a lot of investments tied up in those

1:21.8

these these specifically things like steel and zinc prices, agriculture and mining industries.

1:28.8

I need these companies these industries to firm up and these commodities to firm up and

1:33.3

that way these investments will kind of come to fruition and be where I think they should

1:37.3

be. Oil you want to make a prediction on oil or is that just on the back burner for

1:40.9

now. In our lifetimes it will be higher than it is now. Bold. James early what about you.

1:45.4

I'm going deep and heavy and you know say the RMB China if you don't know has been campaigning

1:51.4

to make the RMB a reserve currency similar to how the dollar is. The US has been a post

...

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