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Motley Fool Hidden Gems Investing

Motley Fool Money: 04.03.2009

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 3 April 2009

⏱️ 18 minutes

🧾️ Download transcript

Summary

Unemployment rises to its highest level since 1983. G20 leaders agree to toughen up and pay up. President Obama shows some tough love to US automakers. And rumors swirl that Google may be sweet on Twitter. So what does it mean for investors? We’ll analyze those topics, offer a few stock ideas, share a few beefs, and take a long, hard look at a what a “pig-in-a-poke” really means.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to Motley Full Money.

0:05.0

We're here to talk about some of the week's big business news.

0:08.0

Offer up some stock ideas and share a few beefs.

0:11.0

Chris Hill and I'm joined by Motley Full's senior analyst, James Early

0:15.0

and Seth Jason in studio and Shannon Zimmerman in New York City.

0:19.0

Guys, thanks for being here.

0:20.0

Good to be with you guys.

0:21.0

All right, a lot to talk about this week, starting with the news on Friday

0:24.0

that the unemployment rate has risen to 8.5% the highest since

0:29.0

1983.

0:30.0

Shannon, what do you think?

0:32.0

Well, let's start with the market, Chris.

0:34.0

It was a good week for the market and it's a great blues line.

0:37.0

Been down so long, looks like up to me.

0:39.0

And I think that dynamic is at work here.

0:41.0

The market has been down so long that anything even vaguely positive can have a big impact.

0:45.0

And the data that has sustained the rally, even beginning last week, was pretty vague.

0:50.0

Modest growth in home sales and uptick and orders for durable goods.

0:54.0

And both of those data points probably stem from deeply discounted pricing.

0:58.0

This week we had some auto sales data that was also mildly positive.

1:02.0

That to me was more meaningful because it may indicate that the provisions that are in the stimulus bill

1:07.0

and you get a state tax break for auto purchases may be having an intended effect.

...

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