Motley Fool Money: 06.12.2009
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 12 June 2009
⏱️ 19 minutes
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| 0:00.0 | Welcome to Motley Fool Money. I'm Chris On. I'm joined by Motley Fool Senior |
| 0:07.6 | analyst Seth Jason, James Early and Shannon Zimmerman. Guys, happy Friday. |
| 0:11.8 | I'm saying Friday to you Chris. |
| 0:13.3 | Alright, we've got a lot to get to including piles of economic data and a new |
| 0:17.2 | Zara on the block. We'll talk about Palm's new CEO, an international high story |
| 0:22.2 | that is just begging to be made into a movie plus we'll share three stock ideas |
| 0:26.8 | and air a few beefs. |
| 0:29.6 | Shannon, let's start with the big macro. A lot of data came out this week, |
| 0:33.4 | including things like consumer confidence rose to a nine-month high. |
| 0:37.6 | Oil prices hit an eight-month high. Foreclosure filings fell six percent from |
| 0:42.7 | April to May. US import prices rose 1.3 percent. I mean, I could go on and on. |
| 0:48.6 | You could, please don't, but yeah, because Lord knows there might be people driving |
| 0:52.8 | their car right now listening to this. But what stood out for you? |
| 0:56.1 | What caught your attention and why? Well, you mentioned that there were piles |
| 0:58.9 | of economic data. Yeah, in one particular pile is the consumer confidence |
| 1:01.9 | figure. We won't say what that pile is, but that doesn't really have any |
| 1:05.2 | interest from me. But we do live in, is that the pile on the south end of the |
| 1:08.4 | northbound cow? I'm going to defer to you on that. What wasn't interest to me |
| 1:13.7 | is the bond market and what's happening nowadays there is much more interesting to |
| 1:17.2 | me than what's happening in the stock market. So the treasury had two auctions, |
| 1:20.2 | one for the tinier, which went badly, one for the 30-year, which went well. |
| 1:23.2 | So how do you read those tea leaves? Basically, what is happening is that the |
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