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The Ramsey Show Highlights

Why The Stock Market Fear Is Mostly Emotional (So Far)

The Ramsey Show Highlights

Ramsey Network

Investing, Self-improvement, Education, Business

4.5840 Ratings

🗓️ 6 August 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Brought to you by the Every Dollar app. Start budgeting for free today. Current events are that the stock market is, has dropped dramatically in the last couple of days. And cue the whining, screaming, and gnashing of teeth that everyone's going to die and we're all going to retire and

0:22.6

have to eat alpo routine um not good for democrats if the stock market goes down and fears of a

0:31.4

recession are looming not good economics unseats more administrations than anything else in history.

0:40.2

So those of you worried about other things.

0:42.7

Anyway, the reason not, number one, most of the time we just talk about stuff here that you

0:48.7

can listen to it three years from now and it would still be the same answer and it helps

0:51.6

you all the time.

0:52.0

It's called modular or

0:54.6

evergreen content and uh but anyway stock markets down and uh so far kind of a yawn except it hadn't

1:03.2

been down in a long time it's been a couple years since you all have experienced a downturn like 20

1:08.2

was pretty dramatic took a big old dive there's something going on in march if i remember of 20 was pretty dramatic. Took a big old dive.

1:11.0

There was something going on in March, if I remember of 20.

1:13.8

And the old market took a dive.

1:15.6

And the world was coming to an end, and we were all going to die.

1:18.7

And, you know, then too.

1:19.8

You remember, I mean, it was it in March 2020?

1:22.6

I don't remember.

1:23.5

But it affected my memory.

1:25.6

But I've got PTSD vouchy, it affected my memory, but I've got PTSD.

1:28.3

Um, uh, Fauci PTSD, but the, uh, anyway, here's the deal. If the thing levels out sometime this week, uh, it's not even going to make the top hundred worst days.

1:46.2

It's pretty much a yawner. As downturns go, this one's not even going to make the top hundred worst days. It's pretty much a yonner.

1:52.1

As downturns go, this one's not really exciting. Now, if it continue to dive, day over, day, over day, over day, a thousand points a day, for four or five days, we'd have something

...

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