The Market Swoon (EP.62)

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.7 • 2.1K Ratings

🗓️ 2 January 2019

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Steve Mnuchin's bizarre statement on the health of the banks, huge swings in the market from day-to-day, the causes of the market downturn, can we really blame the algos for increased volatility, is technology speeding up market cycles, stock millennials bought in 2018, performance for Ivy endowments in 2018, our review of the new Sandra Bullock movie on Netflix and much more. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's Animal Spirits is presented by Why Charts.
0:02.6	Welcome to Animal Spirits, the podcast that takes a completely different look at markets and investing.
0:08.8	Hosted by Michael Bannick and Ben Carlson, two guys who study the markets as a passion and invest for all the right reasons.
0:17.0	Michael Batnick and Ben Carlson work for Rit Holt's wealth management.
0:20.0	All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions and do not reflect the opinion of Ritt Holt's wealth management.
0:28.0	This podcast is for informational purposes only and should not be relied upon for investment decisions.
0:32.8	Clients of RIT holds wealth management may maintain positions in the securities
0:36.1	discussed in this podcast.
0:39.4	So Sunday night, Stephen Manuchin tweeted. Today I convened individual calls with the
0:46.6	CEOs of the nation's six largest banks, see Attached Statement. And basically he was reassuring the American public
0:56.8	that there was ample liquidity in the banks
0:59.1	when I don't know if anybody was actually worried
1:02.2	that there was insufficient liquidity in the banks.
1:05.2	What is the etiquette in terms of crossover between a tweet that I used and using it on the podcast?
1:10.0	Can I use a joke I used in a tweet?
1:12.0	By all means.
1:13.0	Is that fair?
1:14.0	Okay, so my tweet was Robin Hood has assured investors that they have enough money to pay
1:19.7	millennials 3% interest for the next 27 hours according to Steve Minuchin.
1:23.2	That was good. So he basically screamed fire in a pretty dry theater.
1:31.6	The thing is if you're not a charlatan and you're not one of these people that just pushes for
1:36.3	Like a huge crisis or crash every other week
	...

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