Watch Out For Bears
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 3 July 2017
⏱️ 14 minutes
🧾️ Download transcript
Summary
Back from vacation, Chris Hill shares a few business takeaways from London and Ireland. Plus, as bearish calls for a big stock market drop increase, it’s a good time to remember why we invest in businesses.
Transcript
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| 0:00.0 | It's Monday, July 3rd. |
| 0:03.0 | Welcome to Mark Ford. |
| 0:04.0 | I'm Chris Hill. |
| 0:06.0 | Just me in the studio. I'm back. |
| 0:08.0 | Back from my trip. |
| 0:09.0 | Got a great vacation with my family. |
| 0:12.0 | I got a couple of business lessons from London and Ireland |
| 0:17.7 | that I'm going to share. The reason I'm alone here in the studio is because it's a little bit of a ghost town around Fool HQ today. |
| 0:26.0 | The market closes early on Monday. It's one of only two days this year that the market will close early. The other is Black Friday, the day after |
| 0:35.6 | Thanksgiving, so we can all get our shopping in, I suppose. So the market closing at one o'clock. |
| 0:41.2 | Independence Day is tomorrow. |
| 0:44.2 | So we're at the halfway point of 2017. |
| 0:46.6 | Right now, S&P 500, Dow Jones Industrial Average |
| 0:50.6 | up around 9% for the year, NASDAQ up around 14% for the year, the Dow |
| 0:57.4 | hitting an all-time high today. I'm sure that's you know gonna last for I don't know maybe a couple more weeks |
| 1:06.4 | before it hits another all-time high so I get back I get back late Saturday night and Sunday I'm starting to recover from the |
| 1:18.3 | jet lag and looking at Twitter and reading some news catching up on some news that sort of thing and I come across this |
| 1:25.0 | come up on some news that sort of thing and I come across this article and it's an interview |
| 1:28.0 | with Ron Paul former congressman former presidential candidate. |
| 1:34.3 | And the headline, I just had to mention this, because the headline is Ron Paul, and then |
| 1:42.3 | the colon, not a total shock if stocks plummet 25% and gold |
| 1:47.3 | sores 50% by October. Let me say that again. Ron Paul says it's not going to be a total shock if stocks drop |
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