The Mystical Psychic Garden and You
The Dividend Cafe
The Dividend Cafe - The Bahnsen Group
4.9 • 572 Ratings
🗓️ 5 April 2024
⏱️ 16 minutes
🧾️ Download transcript
Summary
Today's Post -
The stock market dropped this week and it has given me a chance to write a Dividend Cafe about one of my favorite topics – the crucial importance of predicting the future, reading the tea leaves, and all that good stuff. I have strong opinions about people’s talent in such projections and the relevance of such to one’s long-term financial success. So today we are going to just have at it and talk about this week’s market volatility and what it means to you.
Some of you are going to be really, really disappointed (if I did my job right).
Jump on in, to the Dividend Cafe.
Links mentioned in this episode: TheDCToday.com DividendCafe.com TheBahnsenGroup.com
Transcript
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| 0:00.0 | Welcome to the Dividing Cafe weekly market commentary focused on dividends in your portfolio and dividends in your understanding of economic life. |
| 0:10.0 | Hello, welcome to another edition of the Dividing Cafe, the first Dividendon Cafe of the second quarter, and it comes as markets have hit a batch of volatility |
| 0:24.0 | this week now I wrote the dividend cafe this morning Friday April the 5th and markets were down |
| 0:31.6 | about 1200 points on the week a big portion of that coming from a down 500 point day on Thursday. I'm now recording |
| 0:40.3 | in the middle of the market day on Friday, and markets are up 400 points today. And so, |
| 0:47.1 | who know, you know, we're going to end up down a lot on the week. It may end up being quite a bit |
| 0:52.5 | less than it had been, but the point is all still the same. |
| 0:56.2 | This was a week in which we entered the second quarter of the year with a lot of momentum from markets from the first quarter. |
| 1:05.2 | The Dow was up over 2% in March. |
| 1:07.4 | The S&P was up over 3% in March. |
| 1:09.9 | The Dow was up over 6% in Q1. The S&P was up over 3% in March, the Dow was up over 6% in Q1, the S&P was up over 10% |
| 1:14.7 | in Q1, and so literally four days ago, the narrative was, oh, is this rally going to continue? |
| 1:23.5 | Can all these good things keep going? How high can we go? And then after a couple days of being |
| 1:29.0 | down a couple hundred points here, 300 points there, and then, you know, it was a few days in a row. |
| 1:33.1 | It got to be down 1,200 and right now down 800 as I'm recording, but it's immaterial. |
| 1:38.5 | I don't care where it ends up when I'm done recording or where it ends up when you're listening to this. The point being |
| 1:46.1 | that there's all this up and down movement in a very, very short period of time that people |
| 1:50.6 | are asking what it means in a future context. And so even though I had about 14 other subjects |
| 1:58.3 | I considered writing about today, what a wonderful opportunity to mock a lot of other people. |
| 2:05.7 | So that's what I'm going to do, is mock an idea that deserves to be mocked, |
| 2:10.1 | this absurdity, that there is something that is happening or just got done happening in markets |
| 2:16.3 | that tells you what's about to happen in markets. |
... |
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