Welcome to Animal Spirits, the podcast that takes a completely different look at markets and investing,

hosted by Michael Baddick and Ben Carlson, two guys who study the markets as a passion and invest for all the right reasons.

Michael Batnik and Ben Carlson work for Rit Holt's wealth management.

All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions and do not reflect the opinion of

Ritholz wealth management. This podcast is for informational purposes only and

should not be relied upon for investment decisions. Clients of Ritholz wealth

management may maintain positions in the securities discussed in this

podcast.

Welcome to Animal Spirits with Michael and Ben.

Today's episode is sponsored by Michael and Ben.

So I did CMBC twice in the last few months.

H H-H-Tumblebrag.

And this is why you never open your mouth.

I am living proof.

So on October 9th I went on the show with Michael Santoli and I

asked him the question was this a bullish washout like a lot of stocks were

already getting creamed,

the indexes were holding up fine.

Hey, this is what happens in bull markets.

There's a correction under the surface

and then the index catches up.

I mean, the stocks catch up with the index and it's all good.

...