The Market Has OFFICIALLY Hit An All-Time High (Do This Right Now)
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 7 February 2024
⏱️ 22 minutes
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Summary
Transcript
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| 0:00.0 | The market has hit another, another, and another all-time high. |
| 0:05.7 | What you need to do right now. |
| 0:07.1 | Right, I am so excited about this because inevitably this happens and we hear this and all the |
| 0:19.4 | sudden the market's had an all-time higher, oh no, we've never been here before. Our market is reaching new highs and you see these headlines and immediately as investors we start asking some questions. Uh-oh, uh-oh, should I be worried, should I be nervous? |
| 0:33.1 | Is this something that I should be cluing into? |
| 0:35.6 | You know, Warren says, be fearful when others are greedy and |
| 0:37.6 | ingredient when others are fearful. |
| 0:39.0 | What should I do? |
| 0:40.4 | Well, I hope that today we can put some minds at ease. So I'm sitting on the couch last night with my daughter. We're watching the Rapunzel series and I look down at my watch and there's a text and it's like hey thoughts oh that was it |
| 0:55.6 | thoughts question mark and then there's a link and it's from a client and it was |
| 1:00.6 | from business insider saying oh my gosh, Mark is slated for another huge recession. |
| 1:07.0 | And I'm like, are we really here? |
| 1:10.0 | So I felt like, and we already had this show planned outside, |
| 1:14.0 | so I was like the timing could not be better |
| 1:16.5 | in the fact that we have been here before. |
| 1:18.9 | And let me go ahead and ruin it for you. |
| 1:20.8 | The person who wrote the article predicting the recession, they don't know any more than I do |
| 1:28.2 | on when the next recession or downturn is going to be, but we think a little context can go a long way for everyone in our audience. |
| 1:37.0 | So if we just think about the S&P 500, because that's the most oft quoted index or market that we're looking at. It did recently hit a new all-time |
| 1:46.3 | high. If we kind of look at the chart back at 2019 all the way through present day that you can |
| 1:51.1 | see around January of 2022, the S&P 500 hit its high and then we had |
| 1:57.1 | 22 as a down year. |
... |
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