Motley Fool Money: 10.01.2010
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 1 October 2010
⏱️ 39 minutes
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| 0:00.0 | Everybody needs money. That's why they call it money. |
| 0:09.0 | From full global headquarters, this is Motley Full Money. |
| 0:19.0 | Welcome to Motley Full Money. Thanks for being here. |
| 0:21.0 | I'm your host Chris Hellen. I'm joined by Motley Full, senior analyst Seth Jason, James early and Ron Gross. |
| 0:27.0 | Guys, good to see you. Good to see you, Chris. |
| 0:29.0 | Coming up, we'll give you the latest on Microsoft, Apple and Fisher prices recall of more than 10 million toys. |
| 0:36.0 | We'll talk with Academy Award-nominated filmmaker Charles Ferguson about his new documentary about the financial crisis. |
| 0:42.0 | Plus, as always, an inside look at the stocks on our radar. |
| 0:46.0 | But we begin with the big macro. Guys, some of the stories making news this week. |
| 0:50.0 | The stock market was up nearly 9% in September, making it the best September since 1939. |
| 0:57.0 | Consumer spending in August was up slightly, and the US consumer confidence improved slightly in the latest ABC news survey. |
| 1:04.0 | Seth Jason will start with you. What was your headline of the week? |
| 1:08.0 | 1939. I don't need to keep an eye on Germany, do I? |
| 1:11.0 | No, big memories. Excellent. That's really good news. 10%. |
| 1:16.0 | My headline, I guess that consumer confidence number. The consumer spending number wasn't so bad, but none of this is really up to a level of what we would expect coming out of a big recession, which according to the guys with the green eye shades, the statisticians were coming out of recession. |
| 1:33.0 | You usually come out of recessions at a pretty good annualized growth clip for a while, 9% range or something. |
| 1:39.0 | We're not even close to there. And a decent economy, your consumer confidence number should be 80s, 90s, an overheated economy, a bubble economy looking at in the hundreds. |
| 1:51.0 | This is better than terrible. It's not great. James? |
| 1:54.0 | Chris, I'm going to mix it up a little bit and say I noticed that copper is back up past its April highs. |
| 1:59.0 | Wow. Copper? Yeah. Copper. Copper, Chris. And on a week dollar and also Asian demand, Asian stocks are writing very high too. |
| 2:07.0 | But let's focus on a week dollar because I would not be surprised to see emerging markets be the ones that pull the world out of recession, not the US after all. |
| 2:16.0 | So you're just looking to kick back as an American and just let them do the work. Yeah, I would be totally surprised by that since most of them depend on selling their stuff to the US. |
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