Motley Fool Money: 05.07.2010
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 7 May 2010
⏱️ 39 minutes
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| 0:00.0 | Everybody needs money. That's why they call it money. |
| 0:08.0 | From full global headquarters, this is Motley Fool Money. |
| 0:19.0 | Welcome to the show. Thanks for being here. I'm your host, Chris Hill. |
| 0:22.0 | And I'm joined by Motley Fool, Senior Analyst, Seth Jason, James Arley, and Shannon Zermay. |
| 0:27.0 | Nice, good to see you. Good to see you, Chris. On today's show, Mr. Markets Wild Ride. |
| 0:32.0 | Playboy's new look, new problems for Apple and stocks for Mom. |
| 0:36.0 | Plus, best selling author Dave Barry talks about the business of humor. |
| 0:40.0 | And our own Seth Jason talks about what it feels like to make $30 million in five seconds. |
| 0:46.0 | But we begin with the Wild Week on Wall Street. |
| 0:49.0 | Incredible volatility, concerns over Greece and Europe. |
| 0:52.0 | And a crazy day on Thursday that saw the single worst intraday drop in stock market history. |
| 0:58.0 | Shannon Zermay, what was your headline? |
| 1:00.0 | Definitely the market mayhem. And for me, the subhead is when I was in high school, |
| 1:04.0 | I used to look around me and wonder and worry what would become of the world when my contemporaries were in charge of important things. |
| 1:09.0 | But now we know. It's just great. |
| 1:12.0 | The interesting thing for this is I think that the market has been primed for a correction for a long time. |
| 1:16.0 | We've been talking about this on the show for quite a while. |
| 1:18.0 | You know, the market is a discounting mechanism. It's run up fast and furious since the March 2009 lows. |
| 1:22.0 | Historically speaking, when you have such a rally, you're going to have a bit of a correction. |
| 1:26.0 | So everybody's lying and waiting for that. And this, you know, along with the Greek debt crisis, |
| 1:30.0 | which is a serious story, this kind of exacerbated that tendency anyway. |
| 1:33.0 | The thing is, you know, I've been waiting for a reason to panic for a long time now. |
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