What Is a “Bear Market”?

Ramsey Everyday Millionaires

Ramsey Network

Investing, Careers, Business

4.6 • 3.6K Ratings

🗓️ 27 June 2022

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Listen to how ordinary people built extraordinary wealth - and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, and George Kamel.

Transcript

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0:00.0	You're listening to Ramsay everyday millionaires where we talk retirement, building wealth, and outrageous generosity.
0:12.3	Well, George, the bear is in the house.
0:16.7	Uh-oh. I keep seeing the headlines today.
0:18.9	The bear is here. The bear has arrived. The bear market.
0:24.2	So scary. Scary bear.
0:26.1	Now, bulls are scary too, but for some reason there's something about the bear market day that's got people riled up. What's going on there?
0:32.6	Well, a bear market is like a recession.
0:36.6	It's a thing that the media throws around is like,
0:39.6	WOOOOOOOW!
0:41.7	Tornado is coming! Get your bathtub put on a helmet!
0:45.2	They got my click.
0:46.1	Yeah.
0:46.9	The bear market is a bear market! Who is a recession?
0:51.8	Uh.
0:53.3	These are not good things. But we do have a tendency to hop perblee and overreact and create headlines and get people to watch our new shows by doing these things.
1:04.4	So what are my chances of living?
1:05.6	So, get me straight up.
1:06.9	But to talk about the bear market on Fox a little bit later in the weekend.
1:10.4	Oh, fine.
1:11.4	Just, you know, I always get the phone call when things are bad.
1:14.1	And so, um, here we go again.
1:16.7	So, here's a bear market.
	...

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