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Motley Fool Hidden Gems Investing

Worst Week Since 2008

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 28 February 2020

⏱️ 40 minutes

🧾️ Download transcript

Summary

The stock market has its worst week since the financial crisis of 2008. Motley Fool analysts Andy Cross, Ron Gross, and Jason Moser talk about the coronavirus concerns and market sell-off. Plus, our analysts discuss earnings from Best Buy, Booking Holdings, Etsy, Home Depot, Lowe’s, Shake Shack, and Teladoc. We discuss Disney’s new CEO and Panera’s new coffee subscription. And we share three stocks on our radar: Adobe, Kinsale Capital, and Waste Management. Thanks Guru. Try Guru free at www.getguru.com/fool For a FREE copy of our Investing Starter Kit, go to www.fool.com/StarterKit and we’ll email it to you. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hey, it's Chris. Thanks for listening to this week's Motley Full Money. If you're like me,

0:05.0

you're probably seeing a lot of red in your portfolio. It has certainly been a very rough week,

0:11.5

and we're going to get to that right off the bat. And this week, it's brought to you by Guru.

0:16.6

With Guru information, you need to do your job, finds you when and where you need it.

0:21.6

Go to getguru.com slash fool and try Guru today for free.

0:30.9

Everybody needs money. That's why they call it money.

0:42.4

From fool global headquarters, this is Motley Full Money. It's the Motley Full Money Radio show.

0:47.1

I'm Chris Hill, joining me in studio this week's senior analyst Jason Moser, Andy Cross,

0:50.8

and Ron Gross. Good to see you. He was always gentlemen. Hey, hey, you do. We've got the latest headlines

0:55.3

from Wall Street. We've got a few stocks on our radar, but we begin with the worst week for the

1:00.3

stock market since the financial crisis in 2008. More than $6 trillion in global market value has

1:08.3

disappeared. Gentlemen, the S&P 500 hit a new high just over a week ago, and by Friday morning,

1:14.7

it had fallen 15% from that point. There is a lot to get to, including some company specific news.

1:22.8

But, Ron Gross, let me start with you. Generally, when you look at this as an investor,

1:27.2

and we've seen entire years when the market goes down 15%, but when it happens this quickly,

1:33.9

when you look at your portfolio and everything is red, it's really, really jarring.

1:41.4

It's jarring, and I try not to focus too much on my portfolio during times like this.

1:46.0

It's just not healthy. It doesn't feel right. It doesn't feel good. I focus on,

1:50.4

if I have cash to put to work, what do I want to do with it? I am doing that now to a certain extent.

1:57.2

We're at the early stages of this. This could be a recession for all we know. With the fed kind of

2:02.3

powerless to do much about it, because this is really a supply problem, not a demand problem,

2:08.3

and the monetary policy doesn't really address supply chain problems that well. Never the

...

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