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

Ritt Holt's wealth management. This podcast is for informational purposes only and

should not be relied upon for investment decisions. Clients of Ritthold's

wealth management may maintain positions in the securities discussed in this podcast

Welcome to Animal Spirits with Michael and Ben.

Last Thursday Facebook stock cratered after reported I guess lousy

lousy earnings stock was down like 19 or 20 percent of the day and it had the

largest dollar decline in a single stock ever. This was a pretty cool chart, whoever came up with this.

It says it's source to facts that, but yeah, Facebook had the largest decline in billions of dollars ever.

I guess the largest one was actually Intel in September of 2000. And of course all of these

have happened since 2000, which makes sense since stock market has gotten bigger over time. But my initial

slack to you the night of Facebook's decline after hours was it's down 20%.

I'm thinking about buying this. That is like the thing that pops in my head right away.

What was your initial thought?

Not yet.

Right.

That like, honestly, that's like the intuitive thing that comes to me

when I see something like this happen is it's time to get in

and catch this falling knife. Of course I didn't but that's the first

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