The Bears are roaring. You're listening to Motley Full Money.

I'm Ricky Mulvey joined for the second time today, but you didn't hear it the first time.

It's Austin's trauma.

Awesome. Thanks for being here again.

Ricky, thanks for letting me come back after that dry run that wasn't so great.

Yesterday was a tough one for tech investors.

The NASDAQ losing 4%. It was its worst day since 2022, wiping out $1 trillion of value.

Fears if a recession arising, we could hear it this morning, even from Delta Airlines, cutting their

top line forecasts from 8 to 4%. Fewer people are flying or the pricing power isn't quite what it was.

You also got a trade war heating up, Often again, on again. I don't even

know where we are as we record this right now. And I'm hearing a lot of chatter from investors who

are prepping for a recession. The market is overvalued. Things are already tanking a little bit

and they're gearing up. They want to sell. Should investors prepare for a recession?

And what's it even mean to

do so if you're buying and holding companies for long periods of time? Ricky, I think investors

should think about a recession. A recession is when economic growth takes a U-turn. So,

theoretically, the economy is shrinking rather than growing. But markets tend to look forward.

So I've seen recessions in my investing career, my long and not so illustrious investing career, in which the recession sort of

came and went, but investors were ahead of the curve before they came and they got out of that

mindset well before the actual GDP figures started picking up. So part of your question really signals my

answer. As long-term investors, we should be aware that this could be an eventuality, but I don't

think we should make drastic changes. Maybe make some changes to portfolios around the margins,

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