Worst Week Since 2008
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 28 February 2020
⏱️ 40 minutes
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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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