What’s Next for Stocks? Market Recovery, Tariffs, and the Power of Staying Invested

Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Good morning, everybody.

Speaker 2 (00:01):
It's that time, Sunday morning, right here in seven ninety knst.
It's the Moneymatter Show with Dean Greenberg and the rest
of the crew will be here after the monologue.

Speaker 1 (00:11):
Hey, what a week. Huh? That was a good week.
Aren't glad he didn't sell everything? All right? Aren't you glad?

Speaker 2 (00:18):
Because at the end of the day, this is what
the market's gonna do right now until we get through
this confusing period of time. If I were you, I
wouldn't listen to anybody because nobody knows when he's gonna tweet,
when he's not gonna tweet, if there's gonna be a
tariff deal, is it not gonna be a tariff deal,
because that's what's the volatility. But eventually we know the

(00:40):
tariff deal is coming, something's gonna happen, We're gonna have
a big move up and a probably be time to
sell into. But right now I would not be selling.
I would be looking for opportunities to add. Right now,
the Dow is down two and a half percent this week.
The S and P was not down up. I'm sorry,

(01:01):
I'm so used to saying down up two and a
half percent. The S and P five hundred was up
four point six percent, then Nasdaq was up six point
seven percent, the Russell was up four percent, and the
equal way that S and P was up three percent.

Speaker 1 (01:15):
That puts US up for.

Speaker 2 (01:17):
The month in only one category, that's NASDAC up a half.
Everything else is down between one and a half and
four percent. And for the year, nazac's leading US down
at ten percent, the S and P is down six,
and the Down's down six. So it feels good to
make some money back. It feels good to be in

(01:38):
the game when it's going up. But more than anything,
this should believe your stress. I think a lot of
what's going on right now, it kind of means what
side you're on. If you're on Trump's side, you're kind
of like dealing with it. You're not liking what's going on,
but you're kind of dealing with it. If you're one
of those people that do not like Trump and do
not like what's going on, the stress is even greater.

Speaker 1 (02:00):
Understand both sides, I really do.

Speaker 2 (02:02):
When Biden was in, I had people never wanting to
be investing because everything Biden did was going to go down.
Now that Trump's in, nobody wants to be invested because
he's going to screw everything up.

Speaker 1 (02:11):
What we do know is markets go up and down.

Speaker 2 (02:14):
With Biden, the market went down over twenty two percent
and twenty nineteen nineteen. In twenty twenty two, we forgot
about it. It came back right now. We've been down
as far as nineteen percent or so. Now we bounced back.
All right, we're down. We've got back half of it.
That doesn't mean it's coming back immediately. But this is
the question you have to ask yourself. But the next

(02:36):
thirty to sixty days, would you rather be in the
market or out of the market? And I'm not asking
percentage wise, because we know we should be a little
cautious still, I'm just talking should you be in or
out on whatever percentage you feel comfortable being in a
lot of people say they rather feel comfortable being out
of the market because everything going on. I'm going to

(02:57):
tell you you better feel comfortable being in the market,
whatever percentage is, sixty percent, I don't care what the
percentage is.

Speaker 1 (03:08):
But this is why we went.

Speaker 2 (03:10):
Down because of a man made situation, A man made
situation that I happened to believe was necessary. If not
now down the road with somebody. What I believe is
that we needed to go ahead and start looking at
a debt situation and correct that. Whether you like the
way he's doing it or not, this is an opportunity

(03:32):
for something to start the dialogue on how to get
out of debt, and how to fix the wars, and
how to fix the terrort situation, and how to take
advantage of what's going on, and all these other things
that go along with it.

Speaker 1 (03:44):
It's fast, it's furious.

Speaker 2 (03:46):
There are going to be mistakes, but I believe it's
something that had to be discussed about.

Speaker 1 (03:51):
That's what has to be done.

Speaker 2 (03:54):
So with that said, at any time, whether it's India
or Japan, Europe and eventually China coming to the.

Speaker 1 (04:06):
Table with on whatever deal it is.

Speaker 2 (04:08):
What if we just went back to the way it was,
the same deal we had, then the people that don't
hate Trump will be all that hate Trump will be
all arms, say, ah, look what happened. Now you can't
make a deal, but we'll still be in a good shape.
The people that believed in Trump would be saying, we
got to a certain point and now we're still moving forward.

(04:29):
That's the worst thing that happens we go back to
where it was. But that isn't gonna be the problem.
We are gonna make concessions. These company countries are gonna
make concessions. They are all gonna be better deals for
American people, the Americans, and there's gonna be more exports.
They're gonna have to buy stuff from US if we're
gonna buy stuff from them. That's the way it's gonna happen.

(04:50):
We're gonna have more companies coming back here. Look at
what Apple has already decided. They're not stupid. And I
said this about a month ago. I said, do you
think that Tim Cook went to back in January and
doesn't know what's coming down the line?

Speaker 1 (05:05):
Of course he did.

Speaker 2 (05:06):
They've already been making preparations to go to India and
start producing their phone in India. Now, yeah, there was
some tariffs and stuff that were there, but at the
end of the day, they're gonna start building here and
that they use and if they use India to put
the things together and as symbol here, more and more
will be come out of the USA, which means they'd
be less and less terrorists. On what we need to do.

(05:27):
It's that simple. Companies are going to do it. If
they do not do it and they just sit there
and complain, they will be left in the dust. If
all you see is a CEO of a company just
complaining about the terrorists and complaining about what Trump did
and not actually making moves, don't invest in that company.
Changes happen, adversity happens. How they handle it is what

(05:53):
makes them what they are. Oil companies, they were making
billions of dollars and everybody was against it.

Speaker 1 (05:59):
Not everybody.

Speaker 2 (05:59):
Some people they've investor loved it, but you know, the left,
they're making too much money. That's too much profits. It's
this is that oil prices are down now and nobody's
cheering that the old companies aren't gonna be making this
much money. And it all comes to supply and demand.
The supply is increased because other countries have been not

(06:22):
adhering to any type of cap and they keep pumping oil.
We're pumping oil. It's gonna bring the price down. Energy
comes down, gets what happens. Inflation comes down. We saw
inflation numbers back, but all we hear from the media
prices are rising, Prices are gonna rise. They're going to
rise prices are going to go higher, but they haven't

(06:44):
actually done it yet. And I'm not saying they're not
gonna go up a little bit, but they're not gonna
go up these huge amounts that everyone thinks that's gonna happen.
People haven't really pulled back from spending that much. But
as soon as prices go to point they don't they
can't spend, they won't spend, and then the supply will
get bigger than the demand, and when the demand is

(07:07):
no longer there, price it will come down.

Speaker 1 (07:09):
It's that simple.

Speaker 2 (07:11):
Everything has a shelf life, especially with food, and they're
not going to just be throwing food away because people
can't afford to buy it at that level. They will
be selling it at the price that people can buy it,
which means they at least get cash flowed. But the
companies might not be making that much money, which then
will drive their price stock down, the stock of the price.

(07:34):
It's so interesting to me to see that this administration,
the people in the administration, the Republicans, are always being
told they're only there for themselves, they're there for the
rich and everything else.

Speaker 1 (07:47):
The only people getting.

Speaker 2 (07:48):
Hurt right now are people that have large portfolios that
have equity portfolios, they're getting hurt. And mostly if you're
going to have equity portfolios for what cana not. That
means you have a job and you're doing pretty well
to a certain extent, not everybody, but most, But all

(08:08):
you hear is how much you're to lose and how
much you lose.

Speaker 1 (08:10):
But these are for the people.

Speaker 2 (08:12):
If we bring down taxes for the middle class, if
you get rid of taxes on wages, if you get
rid of taxes on Social Security, if you increase the
highest tax bracket for the highest earners two percent back
to forty percent or whatever, thirty nine and a half percent,

(08:33):
that's helping the middle class. That's what they're trying to do.
The terrorst situation is great for the union companies that
everyone says Republicans don't like. We know this administration knows
they need to bring back the middle class. They got
to bring back a factory. Work is manufacturing, not manufacturing

(08:54):
like we used to see it in the twenties and
thirties and forties with the smoke stacks and all that
black smoke coming out. We need with today's technology, we
need people to know how to run robots how to
do the logistics, how to go ahead and build these buildings,
how to put the computers in. It's going to take

(09:15):
smart people, so become educated, and these are going to
be one hundred thousand plus jobs, one hundred thousand dollars
a year plus jobs. That's what's going on. It takes time.
Everybody is saying this. So this is where everyone's on

(09:36):
the same page. Yes, I'm happy that we shut down
the borders for the fact that we are now not
having crime. We're not having all this crime, We're not
having people here illegally having crime. Most people are on
that board with that. Okay, whether or not on board
is the people that are here that we're saying our
MS thirteen people and gang members and criminals just saying

(10:01):
that they can't be deported because they need to go
through the justice system. Now I'm not an attorney, so
I'm not gonna go down that line, but I know
some rules say if you hear less than two years,
you don't even matter if you're a criminal or not,
they can deport you.

Speaker 1 (10:16):
We don't want that group. We don't want the good people.
They just want the criminals.

Speaker 2 (10:22):
And if we take away the criminals, it's going to
leave Ice and the deportation.

Speaker 1 (10:27):
People with the low hanging fruit.

Speaker 2 (10:30):
And if you hear less than two years, you better
get scared, because that's all they can go after if
the judges and the courts just keep stopping getting rid
of the criminals. Now it's interesting to me because what
you hear is, well, how do you know it's true?
The breaking lord? If that's not constitutional? Should they should

(10:50):
never do that? I don't believe them. Then it comes
to terrorists. I don't believe Trump. I believe China, I
believe by way, I believe everybody else but us. But
those same people that don't believe anybody in the Trump
administration that they're all liars, are the same people that
told us we have to believe everything in the Biden administration.

Speaker 1 (11:12):
I e.

Speaker 2 (11:13):
Is laptop, that it were done by CIA and FBI people.

Speaker 1 (11:18):
Signing off i e.

Speaker 2 (11:19):
The Russian hoax that we know I've found out that
was all done by Hillary.

Speaker 1 (11:25):
We're supposed to believe all that.

Speaker 2 (11:26):
We're all supposed to believe that they nobody knew that
Biden was deteriorating and that he could not be president.
They lied to a face. And these the same people
now saying that everything Trump's saying is lying. Now, I'm
not supporting one or the other because I believe all
politicians lie. I believe they all exaggerate. But I do

(11:49):
believe we're seeing a little bit more transparency and maybe
a little exaggeration with the transparency now than we did before.
But we haven't seen outright lies. We've heard we're deporting
these people, and I don't care what the courts say,
and that is where the conflicts are. Oh, you're not
listening to the court. You're not listening to this. But

(12:10):
if I see one more meme of Trump as Hitler,
it's gonna, it's gonna it's it's pitched something off. I'll
be honest with you, okay. And the reason it is
being a Jewish person. Hitler took German Jews. They were German,

(12:30):
they were legal, they were living there with their families,
and he killed them. They went to concentration camps. If
they made it off the trains and they and they
all the other places, if they didn't get shot or
anything else like that. It is not the same the
people that are here that they're trying to deport. We

(12:53):
know Ms. Thirteen that we know their gang members. They
we know their criminals. Maybe some of them will be
able to able to you know, escape around and maybe
not been gone through this justice system. Maybe they haven't
been convicted, but they're part of what's going on. Okay,

(13:17):
there's It's just like if you say that something about
Trump and there's if they's smoke this fire.

Speaker 1 (13:22):
It's the same thing with these people.

Speaker 2 (13:26):
And if they're not, if they're here from other countries
and they're illegal, it doesn't matter. Okay, it doesn't matter.
This is what I'm trying to say. Sending them to
prison in El Salvador because they are criminals here and

(13:47):
they're El Salvadorans not Americans, is so different than German
Jews being sent to concentration.

Speaker 1 (13:54):
Camps to die.

Speaker 2 (13:57):
And if you don't believe that, then I want you
to call me and you tell me that's the same.
I'm sick of watching that that social media is disgusting
when they start doing that. Don't compare the same as
the Holocaust to today. Getting rid of the criminals and

(14:19):
the illegal immigrants. Okay, now do I agree. Once we
get rid of the criminals and stuff, and we have
a lot of people here that are considered undocumented for many,
many years. Do we have to have a plan for them, Yes,
if they've been good people, they've been working hard, they've
been doing the things we need them, we need to

(14:39):
figure something out. And I put that on Congress. I
put that on both the Republicans and the Democrats for
pushing that ball down the road for way too long,
decades and decades. Figure out how we get the best
use out of the best immigrants that are here, that
are good people with good families and good children, that
want to go to school here and do the things

(15:00):
we need and are working and paying taxes. Bring them
into the system. That doesn't mean they have to vote,
but it doesn't mean they have to have citizenship right away.
But let's give them a path to it, because we
do need good immigrants. What we don't need is to
bid illegal immigrants that create havoc and problems in the society.

(15:27):
Another thing, we know, these elite universities think they are
better than everybody else. We know it's been a transition
of liberalism going there. But of course the liberals on
the side do not ever want to say that they've
shut down conservative talk people when they come to those campuses,

(15:48):
they riot, they protest, They don't let them in the buildings.
Conservative people are not allowed. Now, they don't want Jews there.
I get there's a little bit more that what the uh,
that the uh the administration is trying to get out
of Harvard. Okay, I get that it's not just about

(16:09):
the the UH the Jews and making them safe, but
that's the pinnacle of it. That's the pinnacle. And if
you decided you did not want to attack and stop
the people that are making it difficult for the Jewish
students to be at Harvard, then the rest is unattended
consequences of what you're doing. And now what you've done

(16:29):
is you open up the can. And now we're gonna
the administration is gonna go in there and they're gonna
go be picky on everything you got going on. And
guess what if they're gonna give you four billion, six billion,
twenty billion.

Speaker 1 (16:43):
Dollars, they have the right.

Speaker 2 (16:46):
But if you're all that Harvard and you don't need
the money, tell the federal government, I don't want your money,
and we're gonna do it our way and keep promoting
what you're doing, and see how many people are gonna
keep coming to your school. You got the richest people,
you Yale, Dartmouth, pen You guys are the ones that

(17:08):
come out with the greatest jobs.

Speaker 1 (17:11):
And you keep filtering.

Speaker 2 (17:12):
You're talking about not giving other people opportunities.

Speaker 1 (17:15):
It's there.

Speaker 2 (17:18):
So fund yourself, fund your own grants, fund your own research,
do all that stuff.

Speaker 1 (17:24):
Then you can do whatever you want to do. That's simple,
that easy.

Speaker 2 (17:28):
But you don't you want money from the government, then
they had the right to tell you. But if you
didn't go ahead, if you were able to be proactive
against the Jewish students being safe from the people that
are pro Palestinians And I'm not getting an Zionism and
found I'm talking about safety. What you do, if you
didn't allow people to have hate for the Jews, you

(17:52):
wouldn't be in this mess. If you shut that part
of it down, all the rest of it would just
be here. He said, she said, this is what I'm
gonna do. That's what I'm going to do. Okay, But
people going to college today, just like they did before,
for most of it, they don't have a clue. So

(18:15):
they come in and they absorb what what the professors
that have been tenured for all these years that think
they have all the knowledge in the world of everything
going on, and it's all an academic world.

Speaker 1 (18:28):
That's where they learn from.

Speaker 2 (18:29):
But you know what, that's not the real world, people.
The real world is a lot tougher. The real world.
The real world gives you curveballs. The real world is
about hate and not the real world fights back.

Speaker 1 (18:45):
The real world.

Speaker 2 (18:47):
Real world doesn't let you get away with everything and
everything's this and everything's that. So you know what, Harvard,
you might have your little cocoon and you might think
it's okay to protect those and you think that's okay. Well,
if you're going to allow hate speech, you have an
administration that's not gonna do it, and they're gonna use
that as the can opener to the rest of everything

(19:08):
that they want to get DEI and everything else. Because
you don't want we're done with that. Common sense tells
you that Americans, for the most part, do not want that.

Speaker 1 (19:19):
Equal opportunity is what people want. People don't want a.

Speaker 2 (19:23):
Black person, a yellow person, a brown person, or a
white person who get a job or an opportunity to
go to college because of the color of the race.
They want the best people doing it.

Speaker 3 (19:34):
Do.

Speaker 2 (19:34):
I think that we have to go ahead and go
down further and look for opportunities for people that might
not be coming out of that situation.

Speaker 1 (19:42):
We do. And you know where that starts.

Speaker 2 (19:43):
It starts with the middle class being able to go
from the from the lower playing field to the upper
playing field. And that's what we're trying to do. That's
what he's trying to do by getting us out of date,
out of debt, so we can give more money to
people with children, more tax benefits for tea people with children,
give them more opportunities to do the things they need

(20:06):
to do. What no one has gone ahead and said
is why is colleges so expensive? Why is there so
much student loan? Instead of just paying off student loan,
make to your universities responsible for helping these kids without
giving them these big student loans. It's a scam in
my opinion, come to school, learn the stuff.

Speaker 1 (20:26):
Especially fifty percent of the colleges. Okay, you can go
and get you go there.

Speaker 2 (20:32):
They want you to go through, they want you to
pay becomes it, you know, And what happens is those
most of those classes you can't get into, so you
end up having to go five years maybe six years.

Speaker 1 (20:44):
A lot of those classes, you can take it at a.

Speaker 2 (20:49):
Just regular community colleges. Get those, get those done, get
those good grades, and then move on. There's so many
different ways to do what they're doing. And don't even
get me started on what they've done with the student athlete. Okay,
the student athlete. We don't have student athletes in the D.

Speaker 1 (21:08):
One level anymore.

Speaker 2 (21:10):
All right, they're supposed to have good grades, they're supposed
to go ahead and do that stuff, but somehow there's
a swap.

Speaker 1 (21:17):
Do you know how.

Speaker 2 (21:18):
Few people go to college, get that scholarship and end
up at the next level, less than two or three percent,
And in so many they can't what we call country
club sports and Olympic sports. There's nothing for them afterwards.
It's a way for them to go to college and compete.
I love sports, I love all the sports. I love

(21:40):
people that want to compete. I think they should be awarded,
but they've met a mess of it. Nobody wants to
earn anything. All right, put a cap on it, Put
a cap on it and say here, here's the deal.
You're a great athlete, you're coming out of high school, right,

(22:00):
You're not worth three four or five million dollars. I'll
give you a million dollars, which is more than any
kid that even deserves coming out of high school.

Speaker 1 (22:08):
But you're gonna earn it.

Speaker 2 (22:09):
None of these people have earned anything. So in my experience,
when you don't earn something, you don't keep that something.
You end up spending it, you end up losing it,
you end up risking it, you end up doing whatever
you want with it, except the right thing, and that's
investing it, because once you get out, that million dollars

(22:31):
you might have.

Speaker 1 (22:32):
Gotten might be more money than you're gonna have for the.

Speaker 2 (22:34):
Next fifteen years of working. Let's face it, coming out
of school, you're lucky to be making sixty thousand dollars, right,
that's fifteen years away. Again, sixty grand or make that million.
So knowing they're not investing it, they're not doing it

(22:55):
the right way. For the most part, they're spending it,
just sending it to theirs, their parents, their family. That's
all everyone's getting that money. It's not going to do
the same. And then if you're not happy, what do
you do? You leave your transfer out. So here you
are a coach making three five, seven nine million dollars

(23:16):
and these eighteen twenty year old kids do not give
a crap about you and your family. They don't. They
just want to know how much they're going to get.
But everything they do determines how your family survives. And
when you're thirty, forty fifty years old, your income is

(23:38):
so much more important than when you're eighteen, nineteen, twenty,
twenty one years old. Now you've earned it, Now you've
gotten it, you take it away, hopefully you've done the
right thing and invested it. Life is different, America is different.
But all you do is you hear the people. You're
doing this wrong, you're doing that wrong. So summary don't

(23:59):
be out of the market. Something good's gonna happen. Something
good's gonna happen. After that, something good's gonna have to
After that, the market's gonna rally. And then after that,
you know what's gonna happen. We'll probably got a little
bit of decline. We're gonna go back and forth for
a while until it all comes through, and then next
year and the year after, I believe then we'll start
seeing new highs again.

Speaker 1 (24:20):
Stay tuned, be part of it. We're here for you.

Speaker 2 (24:22):
Give us a call if you need something, keep your
head up, be positive. Good things are gonna happen. Welcome
back to the Money Matter Show. This is Dave Sherwood.
I've got Dean Greenberg, I've got Dylan Greenberg. I got
Todd Goog Junior and Sebastian or in the house. And
we have with us, for the first time ever at
Greenberg Financial, someone who has successfully completed the Boston Marathon.

(24:46):
I've never known anyone that ran the Boston Marathon. We've
talked a lot about it on the radio. Tell us
you gotta have a few highlights for us.

Speaker 4 (24:53):
Well, it was a tough day at the office, that's
for sure.

Speaker 5 (24:57):
For me.

Speaker 4 (24:57):
Did not hit quite the time I wanted. But it
was a fun experience as Boston was when I think
I ran through seven different towns starting on the I
guess more Western side, and then all the way to
Boston City and uh yeah, it was very beautiful. Weather
was perfect on every way. People were amazing, very supportive,

(25:18):
really cool city. Yeah, Food's not that good in Boston.
I don't think Chicago much better food.

Speaker 3 (25:24):
But Boston. I hate BOSTONI is out there screaming at
you right now. My daughter lived there for a couple
of years. It's pretty good.

Speaker 1 (25:30):
It's all right.

Speaker 4 (25:30):
The hot dogs they serve in like white bread, like
like what you would put a sandwich on. It's crazy.
Snore dog's much better.

Speaker 3 (25:38):
But as far as the the racier South, the experience,
the thirty thousand runners.

Speaker 4 (25:42):
Thirty two thousand, yeah, really really fun to do. There's
a banana that ran past me. Someone dressed in a banana.

Speaker 3 (25:49):
Ran past you.

Speaker 4 (25:50):
Yeah, he actually ran the marathon with an average pace
of like five minutes and fifty.

Speaker 3 (25:55):
S in a banana outfit and a banana outfit. Meg,
What happened if he didn't have the banana outfit?

Speaker 4 (25:59):
Yeah, I mean I got I think I even got
to be by someone with no legs like you had
the parallel.

Speaker 3 (26:05):
Well, yeah, he's padding.

Speaker 4 (26:07):
I mean no, no, no, you know right, no, no, no,
I'm talking about the ones that you have.

Speaker 6 (26:13):
Prosthetics.

Speaker 4 (26:14):
Prosthetics, there's a lot of what it's quite amazing how
many people can can do that distance.

Speaker 3 (26:19):
What you find out in an environment like that is
how many people your age are in extremely great shape.
And I know that I was cross. My daughter was
urging me to to run a marathon when she was
in college. Just twenty years ago. And I was in
my probably in my fifties at that point, and I thought,
I'm pretty good shape for a fifty year old. And
I was looking at the winning time and yeah, right, yeah,

(26:41):
and he would have been in a five K he'd
have been four k ahead of me, you know, so
that wasn't that wasn't going to happen anyway. We're proud
of you, happy to have you, have you back and
on the air. Yeah, And while week in the market,
it's started off with Trump going after Paul, calling him names,

(27:01):
you know, that very professional and uh, the market did
not like that. There's an awful lot of people out
there that believed that Paul was pretty good in getting
inflation under control, did a good job of landing the
plane that people didn't think could be landed.

Speaker 5 (27:15):
They also just don't like the fact that he was
saying that because I don't believe that he could just
do that.

Speaker 1 (27:19):
He can't.

Speaker 5 (27:20):
Trump says, can't take Powell out, and that's what investors
did him like, And he walked it back the next
day and the markets loved it. Yeah, So it's just
volatility constrained around Trump.

Speaker 3 (27:31):
You know, he walked it back, but I mean he said, well,
you know, I didn't want to get rid of Paul,
and he was absolutely going to get rid of Poule
if he could. He hated him, call him a loser, right,
and he's had that rhetoricory. And then then two days
later he said, well, I'll never get rid of Paul. Okay, Well, I.

Speaker 4 (27:45):
A lot of weird comments this week.

Speaker 3 (27:48):
I wonder I'm told my breath for this weekend when
he's over in Italy at the at the Pope, at
the Pope's service, the Pope's funeral with other world leaders.

Speaker 4 (27:58):
How about that J D Vance being I think the
last official to talk to him.

Speaker 3 (28:01):
Yeah. One of my one of my right wing clients
on Facebook said, well, won't be along till will you
find out that Gdvans poisoned the boat. He was one
of the last. He wasn't one of the last people
to say yes, it's right. And it came out Easter
Sunday morning and read from his script and then Easter
Sunday afternoon died. No, I mean, it's pretty kind of

(28:22):
cool that the Pope dies on Easter. It's it's more
of the odds.

Speaker 1 (28:26):
I don't know, but you worried about it though.

Speaker 3 (28:28):
It was like, you know, like like, uh, they get that.

Speaker 1 (28:31):
Bernie says, whatever it is out at the movie.

Speaker 3 (28:35):
Oh yeah, yeah, you propping him up her? He was.
He was not in good shape, and you felt for him. Sorry,
he's eighty eight years old.

Speaker 5 (28:43):
Oh, weekend at Bernie's. Yes, after reading.

Speaker 3 (28:47):
The scrapping him up by the jukebox, his lips.

Speaker 1 (28:50):
Man, it was just weird. He just passed passed right
after that.

Speaker 5 (28:53):
Because he was, you know, enough strength for one more?

Speaker 1 (28:56):
Yeah, he wanted easter.

Speaker 3 (28:58):
Yeah, what are the odds. I guess the odds are
one in three sixty five, right, technically.

Speaker 4 (29:04):
Yeah, after the marathon, I checked the market and I
saw how much it dropped, and my mom was like,
was it because the pope died? That's not That's not
how the markets are going to react. They're not going
to react based on the pope. She's like, well, it's
a really big deal to a lot of people. I'm like, no,
it's not. I'm not going to make investments.

Speaker 1 (29:19):
So did we congratulate Todd?

Speaker 3 (29:22):
We did? We were He gave us a little to
our little run.

Speaker 4 (29:24):
And you know what I learned about Boston, man? You
you don't start the day till nine thirty there. Well,
that's like these people, they wake up really late. I mean,
I'm I'm up. I was doing like my six am running.
The town's still sleeping.

Speaker 5 (29:36):
Yeah, but I mean the market's open at nine thirty.

Speaker 4 (29:38):
It's crazy. I had my shower done, I had I
felt like I was up for four hours and it
was eight thirty.

Speaker 1 (29:44):
Why the hours the difference. They're night people.

Speaker 2 (29:47):
Okay, you got to stay up to almost one o'clock
in the morning sometimes.

Speaker 4 (29:50):
You're a West Coast football defended them, and I'm.

Speaker 1 (29:53):
Just telling you everything's late. The news here goes out
at ten. Back there, it goes on at eleven.

Speaker 3 (29:58):
It's absolutely true. I lived there for six weeks when
I was training. You know, the city that never sleeps.
They don't get up either.

Speaker 4 (30:04):
They don't like it. I mean I told the waitress
or they opened up at ten. I'm like, we were
the first person that people in there. I'm like, Boston
gets up late.

Speaker 5 (30:10):
Huh.

Speaker 4 (30:10):
She's like, well, we will get up at the same time.

Speaker 3 (30:12):
Yeah. Yeah, you've been on the East Coast sime zone,
you know, it's like people, i.

Speaker 5 (30:18):
Mean, people get there like their workouts in before work,
like you would go walk the river before work if
we had a late that's the difference. It's flip for
the people back east and watch it and then you
go to bed at midnight rather than nine pm.

Speaker 3 (30:29):
Watching the U of A games at one o'clock in
the morning.

Speaker 5 (30:32):
Yeah, I would remember that. Like in college, my games
would be over. We would be at home at like
one in the morning, and you've been going in a halftime.
That's pretty crazy.

Speaker 3 (30:41):
Yeah. Absolutely a great week in the market though, and
you know, you have to put things in perspective. It
struck me over the last few weeks I've been hearing
about how much money i've X, person is lost or
why person has lost. I thought about this, So you
put one hundred thousand dollars in the market in January
of twenty twenty three. That one hundred thousand dollars grew

(31:02):
to one hundred and fifty thousand dollars. It's now one
hundred and forty thousand dollars. And all I hear is
I've lost ten thousand, Have you lost ten thousand or
are you up forty thousand.

Speaker 4 (31:14):
Oh, it's perspectively.

Speaker 1 (31:15):
It's all about.

Speaker 3 (31:16):
Perspective, and you know, the market has historically been the
best wealth accumulator there is, but it comes with admission ticket,
and the admission ticket is volatility and.

Speaker 4 (31:28):
Also maybe just time. Right if you don't even have
to care about the volatility, as long as you give
it time, we know there's always going to be a
new all time high. You don't know exactly how soon
it's going to happen, sure, but we know if you
give it time and you have it, especially if you're young,
you have any more than ten years. I don't think
there's ever been a ten year period where you haven't
had a new all time high.

Speaker 1 (31:45):
So here's the question.

Speaker 2 (31:48):
Do you think it's more risky to be in the
market right now with more risky to be out of
the bunket?

Speaker 3 (31:53):
It's a great question.

Speaker 5 (31:54):
I would say out of the market because you don't
have the potential to grow with the growth if you're
just completely out of the marketing cash, I mean, interest
rates are going to go down, so you're just going
to get less on your money markets. You're not going
to have the wealth accumulation through the equity markets.

Speaker 2 (32:09):
So I think you're you're you'll look at more long
term out and that's exactly a great answer. I'm looking
for the next thirty to sixty days more risky to
be in the market because this is where people's mind
is out of the market.

Speaker 4 (32:22):
But realistically, how are you going to do? You saying
just black and white like.

Speaker 1 (32:25):
I just I'm just asking a question.

Speaker 3 (32:27):
Answer, maybe maybe a better question. Need to clarify, just
to kind of fine tune your question a little bit.
Where's the market going to be on June thirtieth higher or.

Speaker 2 (32:34):
Lore No, that's not what I'm saying. This is what
I'm saying. Okay, I'll answer my own questions, Okay, Okay,
just trying to The risk is greater right now to
be out of the market because all the tariffs, all
the news, all the things about uh Powell, all the
things about China, all the things about Russia, all the
things about Iran.

Speaker 1 (32:53):
I'm kind of on the table right now.

Speaker 2 (32:55):
A few things could come up and knock us down
two three, five. How Whoever, if the war stops in Russia,
a deal is made in Iran, start talking with tariffs
around the world, China comes to the table, where's the
market will be back to new highs? Possibly? You needs
six months from now, six weeks from now. Who knows,

(33:16):
but we'll rocket ship out of there and you'll be sitting, Oh,
how do I get back in?

Speaker 1 (33:20):
What am I supposed to do?

Speaker 2 (33:22):
Being out of the market right now, to me is
more risky because of the news. This is the news
related down move, the news related upmove.

Speaker 3 (33:31):
It is man made, it made, is a man made
exactly Now, beat a little hedged here while you invested.

Speaker 1 (33:37):
Okay, I get that, all right.

Speaker 2 (33:39):
Maybe you not make one hundred percent of everything you
want to do on the upside, but at least you'll
make sixty seventy percent of what you want to make there.

Speaker 3 (33:45):
I like having a little bit more in treasure reason
and to see and money market find a little bit more,
be more comfortable with that.

Speaker 5 (33:52):
The structure ets so we've been talking about for the
last few months, right being those that have one hundred
percent downside protection. At least that gets you equity exposure.
But the downside risk isn't there. Hypothetically, if those ets
work as they should.

Speaker 1 (34:04):
And here's the best part of it, the liquid that's
the yea.

Speaker 2 (34:06):
Even if if the market gets absolutely annihilated, so you
might be down two percent while the market went down
much further than that, you can sell those that didn't
go back in.

Speaker 1 (34:14):
And be more aggressive to the other side.

Speaker 2 (34:16):
I think right now the whole thing about investing is
being invested cautiously, too aggressively on the downside, cautiously to underinvested.
If we keep moving up and get that a day
or two of an explosion again.

Speaker 4 (34:30):
You definitely don't want to have just no cash right now.

Speaker 1 (34:32):
You want to have some need cash.

Speaker 4 (34:34):
But no, and it's not saying you may to be
one hundred percent of the market right now. Uh, there
should be something on the sideline because potentially we do
have one more down move. I mean, we've talked about
how we didn't get that third wave of we got
a lower high this week, and so that's going to
be an interesting thing. If we open again higher next
week and maybe close higher, are we are we not
going to see another return lower into the forty hundreds.

Speaker 3 (34:56):
You know?

Speaker 2 (34:56):
The only thing I can say, if you're uncomfortable more
than you should be, then you don't have a plan.
Because if you have a plan, then then you'll be
able to go ahead and get through all this. If
you're taking money out of your account and you have
a plan that lasts the money for three, four, five
years and you have that much time for the markets

(35:17):
to come back. That's a plan. Something to go ahead
and make you understand what to do. You do not
have a plan, then you're just just going by the
seat of your pants, and that's worse than actually going
ahead and saying, Okay, I get this, this makes sense.

Speaker 1 (35:33):
This is what I'm going to do.

Speaker 2 (35:34):
You have a plan, and you have a plan to
do something, We'll be right back you, guys are great
listening to having you guys listen and be part of
it and coming in and letting us try to help
you is what we love to do. So give us
a call if you need some help. We'll be right
back to This is the Moneymatter Show. Thank you for
calling listening.

Speaker 5 (35:53):
Welcome back to the Money Matter Show. I'm doing Greenberg
here with Dean Greenberg, Dave Sherwood, Sebastian Borsini, and Todd Glick.
Week in the markets for everybody that's just tuning in,
the Dow was up to nine percent, the S and
P five hundred was up four point six, the Nasdaq
was up six point seven, the Russell two thousand was
up four and the RSP, which is equal weighted was
up two point nine percent, So we had a good

(36:14):
week all around. I mean, as you can see, tech
was making us come back. Is down quite a bit though,
so it had a lot to come back, and those
are the ones that moved the most. So when you're
exposed to those in volatility like this, if it's making
you really nervous, it's something you should probably talk about
and see if you should get more conservative.

Speaker 3 (36:29):
Naszak can positives now gone positive for the month. It's unbelievable.

Speaker 4 (36:33):
It is crazy.

Speaker 3 (36:34):
It's positive for the month.

Speaker 1 (36:36):
Buy a lot.

Speaker 3 (36:36):
It's crazy half a percent. I mean it's well, it's.

Speaker 5 (36:40):
The only one positive for the month too. It's the
only major industry.

Speaker 3 (36:42):
No it is. It's the only major industry just positive
for the month. It's also the second worst performing index
a year, so it has the most to catch up.
One thing I've noticed that that's an absolute. You know,
when they when Trump started talking about the rush, he
says it's going to mean higher prices. It is going
to mean higher prices. Prices are going up.

Speaker 2 (37:00):
I don't know if it's going to how much that's
going to affect people, because it's not going to go
up twenty five percent, fifty percent. It's going to go
up a little bit, just like we had before, But
can we handle ten percent higher. Remember there's a lot
of absorption in some things, and honestly, none of us
really know exactly how much it's going to go up.
If people want to gouge us, people are gonna say,
I'm not buying that.

Speaker 1 (37:19):
It's going to be that simple.

Speaker 4 (37:20):
Also, there is, at the end of the day, economic
is supply and demand. I mean, if they want to
increase prices and then all of a sudden demand gets
curred because of that, well they're not going to lower
prices again, I mean, there is, They're a business man
at the end of the day.

Speaker 3 (37:30):
And when we saw covid is, demand continued to be strong,
and so they didn't have to continue to be strong now.

Speaker 4 (37:35):
And that's the question, because if all of a sudden
demand doesn't continue to be strong, they're going to have
to lower prices.

Speaker 3 (37:40):
The other side of that time, and we talked about
this last week, is one the two biggest components in
the CPI are housing and energy, and both of those
are weak.

Speaker 4 (37:51):
They're both deflationary pressures. Right now on that CPA, you.

Speaker 3 (37:54):
Can see prices increase everywhere and have it not show
up in the CPI because of those two components dragging
it down.

Speaker 2 (38:01):
Well, if you remember, before you even got elected, one
of the things he kept talking about energy prices are
too high, and he says, drill, baby drill. He doesn't
even have to drill yet. And energy privice is coming
down a lot because the Middle East has been pumping
out a lot more. You know, everyone said, oh, there's
everyone's slowing down. I don't see the slow down that
they're worried about. That's making oil prices come down. Its

(38:23):
supply and demand. We have a much bigger supply coming
out from everywhere in the world, especially if we get
a deal with Russia here, then the oil's on there
and everything's going from there. Prices come down. Obviously, it's
not good for the oil companies, which should make everybody
that doesn't like big business, big corporations happy.

Speaker 1 (38:41):
Okay, but that's what's gonna happen.

Speaker 3 (38:44):
Yeah, I saw an oil executive saying We're not gonna drill,
baby drill with sixty dollars oil. It just makes no sense.
So that's probably not gonna happen.

Speaker 2 (38:52):
Because they wanted to go the other way. But here's
a problem. Of course, they will drill. They will as
long as they can make something, they will because what
it'll be is how much more colde can we absorb?
Get there, because ten cents on a million a million
gallons is better, is better than twenty cents on a
one hundred thousand gallons.

Speaker 4 (39:12):
As we've been talking as well, you get some trade bills,
all of a sudden, oil is going to go a
little higher, right, just all the response to that US
and China, all of a sudden it come to some negotiation,
oil can easily get back to sixty five, you know,
seventy bucks. Because a lot of this is like like
we're talking about, it's a tariff tantrum. It's the idea
of what we're hypothecating. Things are going to be good, creating.

Speaker 3 (39:32):
Wet that for weeks. Yeah, we've been I will take
credit for that. We can take So let's talk.

Speaker 1 (39:39):
They'll get the gold soft a day, please.

Speaker 3 (39:42):
I already gave it to myself.

Speaker 4 (39:46):
A lot of it's man made, and the idea that
we actually have to see this in the numbers before
we are we prove it and earnings, like we said
it didn't really matter for quarter one. We knew they
were going to be good. It was a guidance. And
we haven't really heard any tear terrible guidance, but nothing
really great either.

Speaker 3 (40:03):
It's it's all. I think it's tod It's all been
reasonably uninspiring, the guidance, right, there's been nobody says yeah,
I think, well, I shouldn't say nobody, because there have
been a few of this day. Yeah, things are going
along really good, and you know, we're we're pretty excited
about the future.

Speaker 4 (40:18):
Netflix is one of those.

Speaker 3 (40:19):
Netflix is one for sure.

Speaker 4 (40:21):
Netflix really really strong. And you know, even Tesla somehow
is able to jump on their earnings when it seemed
like they had the lowest profit margin in the history
of their company.

Speaker 3 (40:31):
ESCU, they said, going back to work Elon getting to
get him out. We need to get him out of Washington.
That's for sure.

Speaker 1 (40:37):
Why I think he's doing a great job.

Speaker 3 (40:39):
We don't know what kind of job he's doing. We
think he's doing a great job. We hope somebody's certainly
killing his company. And uh, and that's that.

Speaker 4 (40:45):
I think you are investors killing his company or is
he killing his company?

Speaker 2 (40:48):
He's not killing the company because just because he actually
runs a company day to day.

Speaker 3 (40:52):
No, no, no, his his antics have been had been
hurting his company.

Speaker 2 (40:56):
Why because it's another side that used to love him
in his cause and now they're going there And I
got a great story after that.

Speaker 5 (41:01):
But I agree with Dave, like, regardless of what you feel,
people are selling out a Tesla stock because of what
he's been doing the.

Speaker 3 (41:05):
Last time, vandalizing Tesla's and blowing a tessel dealerships.

Speaker 4 (41:08):
I mean the same thing happened when he spoke weed
on Joe Rogan a couple of years ago. Stock tanked
like fifteen percent in two days.

Speaker 3 (41:14):
You know, it's interesting.

Speaker 1 (41:15):
I mean, he's not doing a good job. That's that's all.

Speaker 5 (41:18):
That's what I'm saying with Regossel. You believe people are
selling because of what he's doing in Washington.

Speaker 4 (41:22):
Humans are really easily manipulated by headlines, and that's what
we're seeing in this market on many many stocks and
just the market as a whole.

Speaker 3 (41:29):
The TESSELA did open quite a bit lower seven percent
lower on Monday on that Ernings report that do you
mention Barclay's cut the price target. I'm started confusing visibility
right and then they came out I shouldn't say they
came out on Tuesday with the earnings, and they were dismal.
Auto revenue down twenty percent a year over year, net
income thirty percent below what was expected, but the stock

(41:53):
already fifty percent. Bulls Eye responded by moving eight percent higher.

Speaker 2 (41:57):
Is that the first time you've ever seen the stock
move high on bad earnings?

Speaker 4 (42:00):
Like, no, but really really bad earnings. You don't see
that all.

Speaker 3 (42:03):
They were really bad, and you know things are not
going real well for the company right now, so I
was surprised to see it up seventeen percent.

Speaker 4 (42:10):
I think what the investors liked is they didn't push
back the robo taxi. They said they were still coming
out in June, and that was a really big deal.
And I don't think they pushed back the really cheap
car that they're coming out with in September or something.

Speaker 1 (42:21):
Well.

Speaker 3 (42:21):
I think something Dean hinted at just a minute ago
was when I first leased my Tesla, my right wing
friends were going, what's up with this? Why would you
do this? Now they're all out there buying Teslas so
support Musk right, I'm wondering if this is just a
marketing ploy a brilliant marketing ploye on the part of Musk.
He's smarter than the rest of us, right, so maybe

(42:41):
this is just his marketing eploye. He's going to support
Trump and get all their Trumpsters to go buy Tesla's
because all the tree huggers have already got him.

Speaker 2 (42:48):
All right, So now Tesla, I do have a great
story for you with Tesla. Okay, the other night, my
wife and I and another couple dinner at common On Yep,
great place by the way, if you haven't been there,
it's a good place.

Speaker 1 (43:07):
And while walking out and there's all there's four of us,
there's a lot of us, and we.

Speaker 2 (43:11):
Make it around the corner and here comes this guy
running out of the restaurant. I had no idea what
he wanted, okay, yelling can I talk to you?

Speaker 1 (43:20):
Can I talk to you? I thought it was Hey,
did I not leave a big enough tip? Is it something?

Speaker 3 (43:24):
Well?

Speaker 1 (43:24):
What's going on? Right?

Speaker 2 (43:26):
I go, yeah, Well, I said, how can I help you?
He goes, should I buy or sell Tesla? God? I said, okay,
I said, what's making you think that? He said, well,
I listen to you all the time, and I like,
what you have to say, and I like it. I
want to know what your opinion is on Tesla. I said, well,
straight up, I would buy it. This was our last

(43:48):
Tuesday or something. Goes, why, I said, because it's not
just about the car. It's about the company, It's about
what they do. It's about one of the most brilliant
men in the world that we know going on in
our lifetime, and all the things that can come from this,
and some of the things we don't know. That stock
could be four or five hundred dollars seven eight years
from now, maybe sooner, who knows.

Speaker 1 (44:09):
Okay. He goes, okay, I go on. He goes, well,
I don't know.

Speaker 2 (44:14):
I's just just thinking about all this stuff and all
and said, what does He said, Well, I think you
can tell by the way I'm acting. I'm on the
other side of you, the other side.

Speaker 1 (44:24):
Yeah, okay.

Speaker 2 (44:25):
I said, well, that's okay, that's fair. I said, So
I have a question for you. I said, what the
hell is wrong with you and your people? He goes,
what do you mean? I go, here, you are asking
me about Tesla. A year and a half, two years ago,
your whole administration just wanted ev cards mandated ev cards,

(44:46):
Tesla's the best in the world.

Speaker 1 (44:48):
Go get Tesla's. I'm going to give you.

Speaker 2 (44:50):
A write a tax credit if you go buy Tesla's
another EV's, and now.

Speaker 1 (44:55):
You're destroying them. You're just because of what reason? Where
did you change?

Speaker 3 (45:00):
What?

Speaker 1 (45:00):
Where in common sense? Does that make sense?

Speaker 2 (45:03):
And he goes, I don't know. I said, well, why
don't you you out here asking me should I buy Tesla? Well,
you guys are destroying Tesla n okay, So I said,
why do you want to even buy it? I told
you that, He says, because I want to make money.
I said, that's another.

Speaker 1 (45:20):
Question I have for you.

Speaker 2 (45:21):
Why are you ripping everyone that makes money, but yet
you want to make money?

Speaker 1 (45:25):
You guys are selfish. Open up your eyes and come
vote Republican. He laughed. I laughed, and we walked away.

Speaker 3 (45:35):
Yeah, that's a good story. I like that.

Speaker 1 (45:36):
I like that, But could you I don't know what
he was doing running out of a restaurant. He was
pissed off at me or something.

Speaker 3 (45:42):
A little unusual? A little unusual.

Speaker 4 (45:44):
Uh.

Speaker 3 (45:44):
China five percent higher on the weeks, steal five percent
lower on the month, so it's not performing in line
with the Nasdak. Of course it was up what twenty
percent for the year, coming well down a buck seventy
to sixty three dollars. Gold actually had a down week,
write it down thirty six dollars, finished at thirty two
seventy two bitcoin. Yeah, that bitcoin.

Speaker 4 (46:04):
I was saying, gold, gold looks really interesting, Like, look
is this looks like a blowout?

Speaker 3 (46:08):
He's acting really weird.

Speaker 4 (46:09):
I would not. I've been hearing too many people saying,
let's buy gold here. Yeah, you know this when I
haven't seen the line. When the shoe shine, that's what
usually is the time, because they want the room.

Speaker 3 (46:20):
That's true, that's fair. Yeah, when they're out there. And
I always always kind of wonder if if the gold
is such a spectacular investment, why do they want to
sell you their gold?

Speaker 2 (46:30):
Hey, before we get to the bottom of the hour,
at the top of the hour where we have to
make a heart break. I mean, obviously we all do
this to help people, but I want to I want
to give two kudos to to the of employees right now.
I mean, Todd going ahead and doing everything you've done
and worked so hard, and now it was actually done.
The Boston marathon. Now we've all grown up with knowing
the Boston Marathon, and that's just one of all the

(46:52):
rest that you're going to do these major ones.

Speaker 1 (46:54):
I'm telling you that, I'm very proud of you. Thank you, Dylan.

Speaker 2 (46:59):
I'm so proud to you too, going ahead and working
your butt off and getting that a CFP. Okay, now
we can actually go ahead and say we have a
CFP here, and you are going to be the head
of it, and then soon Todd's gonna get one, and
then and then Sebastian, Dave, you and I don't need it.

Speaker 1 (47:19):
With dinosaurs, I experienced more than anything else.

Speaker 3 (47:23):
We got certified financial planners working for us.

Speaker 1 (47:26):
Yeah, it's great.

Speaker 2 (47:26):
I'll take fantastic congratulations to both of you. You you
represent Greenberg Financial Group the way I want you to,
and you're going to go a long way, both of you.

Speaker 1 (47:35):
I'll be right back. It's the Money Matter Show. Thank
you for listening.

Speaker 6 (47:39):
Welcome back to the Money Matter Show. My name is
Sebastian Bors. Sing him here with David Sherwood, Dylan Greenberg,
and Todd Glick Junior give a quick rundown of the numbers.
This week, the Dow was up two and a half percent,
the S and P five hundred was up four point
six percent. Now is that Composite was up six point
seven percent, Russell two thousand small caps was up four percent,
and the equal weight to S and P five hundred
was up two point nine percent. A crazy, crazy week,

(48:02):
up down, down, up, down and then straight up.

Speaker 3 (48:05):
H yeah, down and then straight up I mean eight
percent rally off of the Monday low.

Speaker 6 (48:10):
And we were talking about earlier this week how Trump
really should he feels probably he likes.

Speaker 3 (48:15):
This, right, he likes his egos. Got to just love
this being able to say a couple of words and
move the market up, move it down, whatever, you know.

Speaker 5 (48:24):
He's yeah, he does it a lot. It's given a
little much this month.

Speaker 3 (48:29):
Yeah's. And the quiet pretty much the end of the
week rally was because he was relatively quiet.

Speaker 4 (48:38):
I mean, we have heard from people, clients a lot
where they come in and find his planning. They don't
like the uncertainty of how you know, wake up in
the morning and he could say something, and they're very
short term oriented, thinking that one thing he says might
blow everything up. And sure, you know, a president has
a lot of power, but at the end of the day,
we have checks and balances for a reason, we'd have

(48:59):
a system. We have a legislative system that keeps in
check the executive branch. Let's not forget that he's not
going to take away Social Security. Sol Security. If it fails,
it will fail on itself. It's not because of any
other president. It's because it's a flawed system in general.
You don't have as many people being born as people
that were working in the baby boomer generation.

Speaker 5 (49:19):
Figure what the last five presidents were the ones that's
going to make it go defunct Social Security?

Speaker 1 (49:24):
Yeah?

Speaker 5 (49:24):
You can.

Speaker 4 (49:25):
Also, if you're a publican president, you're going to lower
taxes for the rich and increase it for the poor.
If you're blue, you're going to make all the taxes
for corporations higher. And it's going to hurt America. No
matter what, it's always a bad scenario for growth. What
have we continued to do over the last fifty years
and even more two hundred and fifty years of our country.
We've continued to grow. Have we had glimpse on the radar? Absolutely?

(49:48):
But in terms of the financial plan, why it's so
important is you're not looking at one day's events.

Speaker 3 (49:54):
I think one of the things that do you have
to have when you have that level of power, is
you have to have a little bit of self control
with your you know, because you do have that power.
You see that with Powell in spades. I mean, he's
just very careful not to ever say something that can
be taken wrong. Trump doesn't care, and he just says

(50:15):
whatever is on his mind. And and sometimes you look
at it and go seriously.

Speaker 4 (50:20):
But sometimes when you're not always the professional and how
everything has always been done, you get better results too.

Speaker 3 (50:27):
Oh I'm not saying it's not we knew the patient
needed surgery. I'm not sure we needed to use a chainsaw,
you know, I mean I think probably could have done
with a scalpel. And there's this quiet over the last
three or four days where the trade talk, the negotiating
is still going on. It could have been done that way.
It didn't have to be thrown out there, and you know,
pie in the face kind of thing.

Speaker 6 (50:48):
You know, what scares me a little bit how many
times Trump has told us that he's been talking to China.
You know, that's a little bit concerned.

Speaker 3 (50:54):
It kind of said never.

Speaker 5 (50:55):
Yeah, It's like, who's lying. It's we were talking about
that earlier. Is this who's lying? Trump's says that they're
in the middle of a negotiation and China says, we
have no negotiations going on.

Speaker 6 (51:04):
Well, I don't even want to hear that they've been talking.
I just want to hear the outcome of it. Right,
Stop telling me that you all right, it's after day.

Speaker 4 (51:10):
I'm doing my job, got it? Why you need to
tell me you're doing your job now? I'm questioning if
you're actually doing your job because I just assumed you
were doing your job, and now how you're trying to
proprove to me you do your job.

Speaker 6 (51:19):
Ultimately, back to what you were saying, Todd, I think
that's one of the biggest value adds of hiring an
advisor is we don't trade on headlines.

Speaker 1 (51:26):
Right.

Speaker 6 (51:26):
It's you should be able to take the emotion out
and seeing a big scary headline about a Trump tweet
on or a Trump message on truth social and you
decide to pull out of the market, Well, that would
have really sucked had you pull out of the market
on Monday.

Speaker 4 (51:38):
I think a perfect example is when the market truly
dropped a big, big time, and I think it was
like March eighth, or something. It went all the way
down to like forty eight hundred. That's when we bit
a big block and bought QQQ and the spy and
then I think it was two days later and he
puts that tweet out. Did we know he was going
to do the tweet? No, absolutely not. That's not why
we did it. We did it because it was a

(51:59):
perfect time to buy.

Speaker 3 (52:01):
It.

Speaker 4 (52:01):
Were more than fifteen percent off the highs. We were
waiting for an opportunity like this. We had sold our
sds earlier, so we had extra cash to put that
to work at a lower value. And it's not driven
on headlines, it's driven on the it's the right time.
We were patient over a long period of time. We
were losing on the sds for a long period of
time until we weren't.

Speaker 1 (52:19):
And that's also got.

Speaker 5 (52:20):
A lot of cash on the side for the last
year because we've been saying for the last year that
the market's been overvalued and there could be a sell
off at some point, just a correction. We didn't know
what the catalyst would be. This turned out to be
the catalyst, but we have the money on the side
ready to go. So when we finally felt comfortable to
put it in. We were able to do it easily
without having to sell anything else. We just had the cash.

Speaker 4 (52:40):
Like for our almost sixty to forty portfolio, we probably
only had fifty percent in equities, ten percent in cash
in for other forty in bonds we have. That's a
lot of cash.

Speaker 5 (52:48):
A lot of our accounts have like twenty five percent
in our model bucket, and for about it eight months,
roughly most of those accounts had nineteen percent. We sold
about six percent worth of it to raise cash because
we thought the markets were going to pull back. We
thought it was going to be during the election cycle,
which is this year short pullback, and then obviously when
Trump ran it or won, it went up and it

(53:09):
kept going up, but it still was the same philosophy
of it's concentrated on a few stocks, A few companies
are running this market up. So it's a pretty fragile cup,
pretty fragile market. It's not as strong as people thought
because just because seven companies were doing the whole thing,
I mean, when you got a whole magnificent seven etf
made because those companies are doing so well, at some
point that's going to collapse a bit.

Speaker 6 (53:29):
And on top of it, you had, you know, the
hoe em of artificial intelligence capital expenditures.

Speaker 4 (53:35):
We say ten percent cash is a lot, but in
terms of like if the market drops like it did,
you're still going to be down. It doesn't mean that
you're not going to be down. Obviously we were conservative,
and that ten percent then allows us to buy. If
you're fully invested at sixty forty.

Speaker 5 (53:49):
You don't have to took advantage of the market environment too.
If the money market's paying over four percent for last year,
it didn't hurt too bad to have ten to fifteen
percent in cash because you're still making something. If money
markets were at zero like they were five years ago,
might have had a little different philosophy. But we took
advantage of what the market offered, and that's why we
had the cash.

Speaker 6 (54:06):
One of the biggest things this month the VIX April.
It was April eighth, and the vixl was up at
fifty two. The VIX, for anybody that doesn't knows a
volatility volatility volatility index, it's the fear index. Right when
this thing gets higher, there's more fear, there's more uncertainty
within the trading round.

Speaker 3 (54:22):
You can't buy it or short it. It's just an indicator.

Speaker 6 (54:24):
You can buy options on it, though they don't work.

Speaker 3 (54:27):
Just don't don't even go there. Diana and I have
done that and it hit it. They do.

Speaker 4 (54:33):
You can't say they don't work anyways.

Speaker 3 (54:35):
Deena and I hit it perfectly in lost mind.

Speaker 6 (54:36):
What I was trying to get, That's all I can
tell you what I was trying to get at. The
VIX drops twenty three percent this week. Whenever you see
the VIX over thirty forty, and it's probably a good
time to be buying that.

Speaker 3 (54:46):
The fear be buying the vital this week, is what
you're saying.

Speaker 1 (54:49):
Correct, Correct?

Speaker 3 (54:51):
You get that. It's kind of like the oscillator. You'll
hear Cramer use the oscillator a lot, which is again
another measure of where the market is from a trying
to get an emotional reading on it, if you will.

Speaker 5 (55:02):
Well, like you said, it was the middle to end
of the week was pretty quiet on Trump's end. Yeah,
so the fear went down a bit.

Speaker 3 (55:08):
Yeah, and I think if he's if he's quiet, it
seems like the market wants to go higher. We The
caveat to that, I would say is that we're still overvalued.
It's still a very rich market in an economy that
is slowing down. It's not a that's not a great
combination of deans. How overvalued, it's that's nebulous. I mean,

(55:29):
who knows. Well, that's arbitrary. I don't necessarily think it
is using historic parameters about twenty percent overvalued.

Speaker 4 (55:38):
Right, And I think historically you can't quite use that anymore.

Speaker 3 (55:41):
Yeah, and I don't. I don't know because for fifty years,
I every time I've heard is different, this time it
has never been different.

Speaker 4 (55:47):
Well, the Internet boom definitely changed things, did it not?

Speaker 3 (55:51):
But it didn't. At the end of the day, we
went back to where we were supposed to be. Valuations
don't matter until they do.

Speaker 4 (55:57):
And you're saying that Google hasn't been trading at a
very high multiple for like the last ten years.

Speaker 3 (56:03):
No, no, I'm saying that. But it's one of five hundred stocks.
So when you take the basket those, if you take
an equ weighted basket, it isn't going to have that.

Speaker 4 (56:13):
Well, I think, yeah, we've been talking for a while
the last couple of years. Equ weighted is a much
different show than the S and P five.

Speaker 3 (56:19):
Hundred it's really what's going on.

Speaker 4 (56:21):
It is, and it's very fair to say that. I
just think it is so striking that it's almost as
if you can look at the nifty to fifty. I mean,
so maybe the only other time, sure, we have such
a concentration in a few stocks in the history of
the stock market where it's very very different.

Speaker 3 (56:37):
Fifty now we got seven. So hey have a public
service announcement, very important public service announcement. All right, Now
we love our winter visitors, right, we love our winter visitors.
Many of them are clients of ours, and we appreciate
the economic boost that they give to our community. But
I want to give this to my public service announcement.

(56:57):
It is about to get very very high, and it
may be time to go home. I was southbound on
Swan last week and sat through the light at Grant
five cycles. Five cycles. My wife works in the furniture business.
She said, no, get used to it. These are people
that moved here permanently. And if that's the case, oh
my goodness, I'm not real sure. I remember back in

(57:21):
the day that starting about May first, I've lived for
fifty three years, full disclosure, starting about May first, the
city would empty. You didn't need a reservation for anything.
And last week I tried to get a reservation in
my favorite restaurant two weeks from now, and I had
limited choices for a Friday night in early May. That's ridiculous.

(57:44):
So just FYI, it is about to get pretty hot
and you might want to get out of here.

Speaker 4 (57:48):
It looks like that growth rate's changing here in Tucson, Man,
those historic expectations are changing.

Speaker 3 (57:55):
They are No, it's a different city than it was.
I remember when I moved here, it was two hundred thousand.

Speaker 4 (58:00):
People growing exponentially. And then it is not just Tucson.
You know, you know, your Vale's growing a lot on
out side, Miranda's drowing a lot on the other side.

Speaker 3 (58:07):
And have you been down to Sarrita lately? Oh? Yeah,
that place is going nuts.

Speaker 5 (58:12):
Oh.

Speaker 3 (58:12):
Now that Sarita was founded by Bob Sharp. Bob Sharp
was out of Minneapolis, and Bob Sharp moved into the
townhouse development where I was living, two doors down from me,
and we got to know each other just casually, and
he was telling me about what he was going to do,
the plans he had, the vision he had for Sarrita,

(58:33):
And I thought he was nuts and I just were.
My wife and I like to go down there. They've
got a lake down there, and around the lake is
a one mile track. We like to go down there
and do a few loops around the lake and then
maybe drive down to two Bac Avalanche, whatever, make a
day of it. We're driving back from two Bac and
it's just it's just it's just car after car after car. Sorry,

(58:54):
house after house after house, car after car. Also, I
used to I usually go down there on the weekend
that this was. This was a good Friday where the
mark was closed and it was car after car. It
was really busy. But I don't know how many houses
are under construction in Sawrita, but it's hundreds of houses,
not a couple, it's one hundred.

Speaker 4 (59:12):
Same with Morana. I don't know if you've been out there. Yeah,
it's insane. Yeah, the amount. I mean, they're literally building
a downtown.

Speaker 3 (59:21):
I mean it's so Miranda. I mean, it would be
nice for Miranda to have a downtown.

Speaker 4 (59:25):
That's why they're building it.

Speaker 3 (59:26):
Know, they're going to build a downtown. You build it
and they will come. You know, how many people live
in Ranna know enough to support a downtown.

Speaker 5 (59:34):
I've talked about it on the show two Downtown too.

Speaker 1 (59:37):
Yeah, I grew I grew.

Speaker 6 (59:38):
Up in Maranna, and I remember when the McDonald's came
out for the first time. It was like Disneyland. It
was the greatest thing that's ever happened.

Speaker 4 (59:45):
I think over the last four years that the number
of houses in Moranda probably have doubled.

Speaker 6 (59:48):
Oh for sure. It is growth, especially especially if you
include areas like Sam Lucas and Rancho Marana and all that.
That's it's gone exponentially.

Speaker 3 (59:56):
They got to put a grocery store out there.

Speaker 6 (59:58):
Finally, they already got one. They got a Friz up there.

Speaker 3 (01:00:00):
It isn't Morana. Is it just down like it.

Speaker 6 (01:00:02):
And off or something down It is two minutes from
my house?

Speaker 3 (01:00:07):
Is it okay? Good? Good? Because that that's what you need.
You need they have like that.

Speaker 4 (01:00:12):
We just got our first Jersey Mics. Oh wow, we
got Panda Express, we got all the fast foods, We've
got fries. Now we're coming up. We're having a new
whole gym with an indoor water facility getting created. They
got the new apartments, your luxury apartments in Kintata getting
built out there as well, you.

Speaker 6 (01:00:32):
Just need to fix your infrastructure with getting off the
freeway or at Tangerine because there's.

Speaker 4 (01:00:37):
Going to be a lot of accidents.

Speaker 3 (01:00:38):
That's not like it's the whole area is booming. And Yeah,
as someone who's been in fifty three years, I think
where's the water going to come from? That's probably my
biggest concern, especially when we're in the worst drought in history,
aren't we Always the last six months the average rainfall
seven and a half inches, We've had one and a half.
That's the driest period ever in the history of Tucson ever.

(01:00:58):
So it's it's not.

Speaker 4 (01:01:00):
We don't get our water directly from here, we get
from up.

Speaker 5 (01:01:02):
In the groundwater.

Speaker 3 (01:01:03):
Yeah, Colorado River is going dry too.

Speaker 4 (01:01:06):
Well yeah, I mean eventually we're all going to die, right.

Speaker 3 (01:01:09):
Bec Yeah, the big plan is to just to pipe
water from the Gulf of California to Phoenix. All right,
I mean, but the aization, what.

Speaker 4 (01:01:17):
Are we not going to grow? Dave, let's not be
pestival like about it. What are we not going to grow?

Speaker 3 (01:01:21):
No, We're going to grow. I just I worry about
the water, that's all. Yeah, that's just part of what
I do.

Speaker 4 (01:01:25):
Well, you know, all the new subdivisions actually have to
prove that they have ninety nine years worth of water
right here in Arizona. Right, so at least they have
that provision. I don't know if other states even have that.

Speaker 3 (01:01:34):
Oh they haven't Phoenix as well. And then there's the
whole kind of games with it. And I've read the
stories a deck whatever interest rates. Interestingly, interest rates UH
edged lower a little bit. Not much action there now
and now much action this week. And with the market
going higher, you might expect interest rates would be higher,
but the bond mark is telling you not going to

(01:01:56):
be the gate. Raytheon was in the news this week.
Raytheon had a strong on quarter first quarter, but the
stocks stumbled about ten percent to a nine month low
after the CEO warned that the tariffs could be a problem.
I would you say that.

Speaker 4 (01:02:11):
No, no saying why would you say that as a
CEO if you had a good, good quarter, I mean,
why would you say that?

Speaker 3 (01:02:16):
Maybe maybe just cya, you know all I can think of.
But because the next day at rallied six percent after
Morgan Stanley reiterated thereby, and then on a Friday it
rallied again. I think it finished the week down about
two and a half percent. Yeah, just a non.

Speaker 4 (01:02:30):
Event crazy looking weekly candle on that one.

Speaker 3 (01:02:33):
Oh yeah yeah. Lockeed Martin twenty five percent off its
high was lower on Tuesday again, they reported a strong
quarter reaffirmed their forecast. Boeing north through Grumming. Let's talk
about defense right now. Defense, No, it's not, it's Boying's
not defense. Boying's aircrafts commercial aircraft to Norfolk Grumman. Same thing.

(01:02:55):
And one thing I realized from this is that aerospace
and defense firms are among the most globally integrated manufacturers
and are some of the country's largest exporters.

Speaker 6 (01:03:06):
I would call it Boeing defense.

Speaker 3 (01:03:08):
Why what do they make this defense?

Speaker 4 (01:03:10):
You just said aerospace defense?

Speaker 3 (01:03:12):
Okay, I didn't realize they were fighting. They had Boying
Fighter pilot time Fighter. Yes, I'm sorry, they thought I did.

Speaker 4 (01:03:18):
Don't make anything.

Speaker 3 (01:03:19):
They realized that Patriot missile was coming out of Boying.
I didn't realize that. I'm sorry.

Speaker 4 (01:03:23):
That's the only thing that defense.

Speaker 3 (01:03:25):
I'm trying to think of something that's defense related.

Speaker 4 (01:03:27):
Wouldn't be like engines engines.

Speaker 5 (01:03:30):
Bowen doesn't make the engines.

Speaker 3 (01:03:31):
They buy engines.

Speaker 1 (01:03:33):
I heard.

Speaker 4 (01:03:36):
Whitney who makes the F thirty two's I don't know, Okay,
well I'll look it up.

Speaker 6 (01:03:42):
Boeing is a major defense contractor. They do have a defense,
Space and Security division and is a significant player in
the global defense industry, offering a wide range of products
and services, including military aircraft, satellites, weapons systems, and space
exploration capabilities.

Speaker 3 (01:03:57):
Might be why they were up seven percent on Wednesday.
They're doing great, they reported that they Yeah, they're doing great.
They lost less money than what was expected. They're still
losing money. Yeah, they're still but they're now might be
a little strong.

Speaker 6 (01:04:10):
But fifteen ex fighter jet, so they do.

Speaker 3 (01:04:14):
Makes a fighter jet.

Speaker 4 (01:04:15):
Really, that's what I heard.

Speaker 6 (01:04:17):
H sixty four patchy attack helicopters as well.

Speaker 3 (01:04:20):
I stand corrected. Holy cow, I didn't didn't realize they
were doing all that stuff. I always think of Boying
commercial aircraft.

Speaker 6 (01:04:26):
I saw a thing that China, China canceled a bunch
of orders from them from Boying.

Speaker 4 (01:04:30):
Yeah, yeah, yeah, they did, that's right. But those were yeah,
commercial air commercial, Yeah they did.

Speaker 3 (01:04:35):
Yeah, that's what you think a point. When I think
of point, I think of commercial aircraft.

Speaker 6 (01:04:39):
So that's what comes to mind.

Speaker 3 (01:04:42):
But it's nice to know that they about. We talked
last week about rare earth minerals and how important they are,
too racing laughing about.

Speaker 4 (01:04:49):
Because no one knows what they are. We do well,
they're important. They're or most people listening, they're like, oh,
rare earth, What.

Speaker 3 (01:04:55):
The hell are these seventeen rather obscure mineral that are
not that rare at all? That runs out And here's
really really good news because what we learned last week
on this radio show is that China controls eighty five
percent of the rare earth minerals in the world. They've
been working on that for decades, way ahead of us

(01:05:16):
in that area. Our client might shared an article with
me that is study by the University of Texas discovered
there are huge amounts of these minerals in waste left
over from burning coal. How cool is that the waste
from burning coal generates these earth minerals. And plus it's

(01:05:38):
easy to mind because they was already already taken the
hard stuff away all the left of these minerals. Saying
University of Texas study that we may be one of
the areas in the world that has the most rare
earth minerals. As it turns out we yeah, the US
from because we have you know, we've been burning coal
to this disdain of those who are pollution. Uh, well

(01:06:02):
we're all pollution, anti pollution, but burning coal has not
been that popular. Well, it turns out burning coal maybe
the thing that saves us with with the rare earth minerals.
So it'll be interesting to see how long it takes
for them to get that to actually become reality.

Speaker 1 (01:06:19):
Do you know why?

Speaker 4 (01:06:20):
I could be the same as these hydrogen cars, you know,
hydrogen couc client talk about how there's hydrogen. They saw
a couple of hydrogen fuel cells.

Speaker 3 (01:06:29):
It can be the same as quantum, right, the quantum
who knows how's coming? But I don't know when, right.
So the nice part about it is we know that
that technology is out there, which is kind of cool.

Speaker 4 (01:06:39):
Yeah, there's some really cool technology out there.

Speaker 3 (01:06:42):
Netflix. Uh they reported before our radio show last Friday,
reported Friday after Thursday, afternoon before last last Friday was
good Friday, right, Yeah, it was, yes, So Thursday before
the Good Friday is when they reported earnings. Stock was
up seven percent in the aftermarket. But by the time
Monday rolls around and Trump's uh, common Powell names and

(01:07:07):
the markets tank in a thousand points.

Speaker 1 (01:07:09):
Uh.

Speaker 3 (01:07:10):
It actually opened three percent higher, but it it then
gained ground as the market game ground through the week,
finished the week at an all time high.

Speaker 4 (01:07:20):
And rightfully so, did you see the VRTs.

Speaker 6 (01:07:25):
I was literally about to say that earnings great?

Speaker 3 (01:07:27):
Yeah, I did. I did not see the ironies.

Speaker 4 (01:07:28):
Now, yeah, they did report decently to say vrt Yeah,
Veritive Holdings and that's the company that does the cooling
for the Blackwell ship. And you have the any specific
numbers not on.

Speaker 6 (01:07:42):
Yeah, that was a phenomenal week though. I mean they
went up twenty two percent this week.

Speaker 5 (01:07:45):
And they're very vital too. I mean they're one like
with the chips. They move with the chip companies, so
they've been hurt in the last month. But they did
have a great week. And what they do is they
have the way their company works is cool down the
Blackwell chip, which is the big new chip from Nvidia,
and that's kind of the wave of the future for
cooling these chips, which they just get super hot and
you can't do it conventionally. So this new coolant that

(01:08:08):
they have works better. So it's gonna should catch on
as more companies start making more powerful chips like in video.
Obviously they're the forefront of it. But you got Apple, sorry,
not Apple Alphabet. They beat earnings, so that we were
talking about that last week. How it's going to be
interesting to see what they do, what they report on
AD revenue, if they see a big decrease in AD

(01:08:30):
revenue in the last quarter, or if they what they're projecting.
And they didn't say anything about it bad. They grew
more than expected. Their AD revenue grew eight and a
half percent year over year, so they're still seeing positives
in the add of it. And they said the one
head when they could fall they could find is the
Asian Pacific market that could die down, which YouTube was strong.

Speaker 3 (01:08:51):
Yeah, and they're not. There's been concerned about cannibalizing the
search with the AI search, right, but Gemini is Yeah,
the general I was going to cannibalize their regular search
and just be a non event, But it turns out
there is very little evidence of that. People like me
who are still driving the horse and buggy are using

(01:09:12):
the regular search. Well, you all are doing the I thing.

Speaker 4 (01:09:15):
Yeah, and that's that's how the world works. I mean,
you you're not gonna do something until it's like so
obvious that it's better, it makes your life better, that
then it's gonna happen. Like you weren't going to get
that smartphone until you're like you have to have it.

Speaker 1 (01:09:27):
You know.

Speaker 3 (01:09:28):
I will say though that in defense of me, I'm
pretty I'm pretty pretty tech sabby.

Speaker 4 (01:09:36):
You want to be an early adopter a little bit.

Speaker 3 (01:09:38):
I like technology, Yeah, I embrace it. I have electric car,
you know, I have a hearing age, right, so I'm
really into the new technology. No, I've always been one
that's likes likes the cutting edge stuff on the phones
and the and the computer. And I love what you

(01:09:59):
can do with technic analogy. I love chat GPT on.

Speaker 4 (01:10:02):
The phone in general, though, I mean, isn't like the
idea though is older generations just aren't as apt to change.

Speaker 3 (01:10:09):
I see that a great I see a lot of
my peers fighting and technology, and I wish they wouldn't
because it's just so it makes life so much issues.

Speaker 6 (01:10:18):
So much easier.

Speaker 3 (01:10:19):
It really does. And there's so many things and so
many tools you can use. And I know, I've been
on Facebook for twenty years, and I went on Facebook
because my daughter was on Facebook and I was able
to watch what she was doing. I was actually able
to share her life without bugging her and it's been wonderful.
She's quite prolific on Facebook and I can watch all

(01:10:41):
of that.

Speaker 6 (01:10:41):
And speaking of Facebook and AD revenue, I'll be really
interested to see how Meta reports earnings. Just because they
had Timu, which is PDD Holdings, they totally wiped out
all their ads and that's a Chinese based company, and
I think you'll see more of that through those Chinese companies.

Speaker 3 (01:10:58):
And you're absolutely right. AD revenue is a really as
a canary nicole mine. That's something to really keep an
eye on because the first thing the company is going
to cut if things start to soften his AD revenue.
It's easy to do, yeah, and it is pretty expensive and.

Speaker 4 (01:11:12):
It starts that self fulfilling prophecy. That can't be the
business cycle. It's not necessarily even need to have something
material happen. It's just that if everyone pulls the reins in,
then that further pulls the reins in and then you
just get that self fulfilling prophecy down.

Speaker 3 (01:11:26):
That word spiral you do, you do, so watch watch
it when you see these companies report, especially companies like
you mentioned Facebook and Google DA Dylan mentioned, look at
their AD revenue. If their AD revenue remains strong, Uh,
that's a good signal for the economy.

Speaker 6 (01:11:42):
And guidance on the AD revenue too. Yeah, chances are
they could have had a really good quarter one you know,
PDD your team, it was still advertising there.

Speaker 3 (01:11:51):
I got a good question, guys. When we come back.
We got a break coming up, and we'll be back
right after this message with more of the Money Matter Show.
Thanks for joining here. We are once again with the
Money Matter Show. I've got Dean Greenberg, Dylan Greenberg, Todd
Click Junior, and Sebastian Borsini. Guys. Question, Uh, what do
you think we hit first? We're at fifty five hundred

(01:12:12):
on today. We're gonna hit six thousand first or five thousand?
What do you think? The Bastian, I.

Speaker 6 (01:12:18):
Think we're at a very weird technical spot on the charts.

Speaker 4 (01:12:22):
That's why I asked that that wide of arranged.

Speaker 6 (01:12:25):
I have to pick one of those two.

Speaker 3 (01:12:26):
You do we're gonna hit five thousand first or six
thousand first?

Speaker 1 (01:12:29):
The question?

Speaker 5 (01:12:30):
I think six thousand.

Speaker 3 (01:12:31):
Six and Dean loop lean toward six I'd be five.
I'd be a five guy.

Speaker 1 (01:12:37):
I think I think.

Speaker 3 (01:12:38):
The economic disruption caused by the temper tantrums, the tariff tantrums,
if you will, are gonna have ramifications that we can't
really figure. I think it's gonna cause supply chain issues.
I think it's going to cause higher interest rate thing.
It's going to cause economic disruption that I think will

(01:13:00):
weigh on it. However, would that said if we did
get to five thousand, Remember we were at what fifty
one on Monday four days ago. We're not talking the
end of the world here. If we did get down
under five thousand, I'm a buyer there, I think, because
I think things are going I think a lot of
the things that Trump is doing are smart, but it's

(01:13:22):
going to take time for them to work their way
through the system.

Speaker 4 (01:13:26):
I also think if you paint a picture saying the opposite,
you get what Dean was saying. A trade deal here,
a trade deal there, an ending a war there. All
of a sudden, it's boom boom boom, good news. We
easily could be at six thousand and then you completely
missed an opportunity. So you could make a case for
both sides there's a lot of things on the table
that have made us trade down here. We saw inflation

(01:13:47):
expectations like they're going to be super high. That's just
the consumer center. We know consumers aren't really great at
gauging where things are going to be in the future.
They're very emotional, right, We talked about the Michigan University
of Michigan survey. Isn't really where you but bet your
money on because it's just retail people kind of expectations.
So when you look at everything at how bad it's
been painting a picture so far, if that picture just

(01:14:09):
slightly changes starts getting more and more rosier, you easily
could just get a search higher back to the six thousand.

Speaker 3 (01:14:14):
Yeah. I think my concern is valuations are high, interest
rates are likely writing, and I think there's some other
things that are going on.

Speaker 4 (01:14:20):
But weren't valuations high at sixty two hundred?

Speaker 3 (01:14:23):
Yes, absolutely right, and we needed to come down and
we came down twenty percent. I think technically we need
another down move to make a bottom. And I think
probably you're right. There are an awfully lot of things
out there that could go right, and.

Speaker 4 (01:14:39):
There's things that could go wrong.

Speaker 3 (01:14:40):
Yeah, Man, there are things that could go wrong, but
probably more things can go right than wrong. I just
think in a news vacuum, and there is no such thing,
but in a news vacuum, valuations are just stretched. Here
we look at a Tesla at one hundred and fifty
times earnings. I mean, this is the company that's I
don't think you can, yeah, I guess the company.

Speaker 4 (01:15:01):
That's a hard one to be gauging.

Speaker 3 (01:15:03):
You know, it's one hundred and fifty times earnings. And
there's a company that's shrinking. So if you have a
company that's not growing, what should the price earnings Raci'll
be that's always a challenge. We've talked about this.

Speaker 6 (01:15:13):
I've talked about it doesn't matter on that stuck though
it's a trading tool, it.

Speaker 3 (01:15:16):
Does not matter. It's just a matter. And I still
get calls every single now night.

Speaker 5 (01:15:20):
Well, it doesn't matter until it does, Like you always say,
evaluation doesn't until it does. I mean, that's just becoming
a saturated market. All the companies are going into EV's.
There's new EV companies coming out saw last week. Slate
Auto is a Jeff Bezos family office backed company and
they're gonna start producing EV truck, which is is like
a basic truck and you can turn it into a five,

(01:15:42):
five seat or two, and it's gonna be under twenty
thousand dollars a start. Granted, the mile ranges one hundred
and forty unless you upgrade, but the basic model is
under twenty thousand dollars, which is getting to be cheap
and cheaper and cheaper, which Tesla is trying to keep
up with that because before they were expensive and they
were a premium ev Now they got to come down
and make it much cheaper for that, right, Yeah, And

(01:16:03):
they're totally doing it making it cheaper, but they're gonna
have to come out with a new one in September.

Speaker 4 (01:16:07):
I think there's there were planned release date for that.

Speaker 3 (01:16:11):
Well, like I said, I at least my Tesla twenty
two months ago, the price was sixty four grand at
least it. And I just had a client two weeks
ago that's paid thirty four out the door.

Speaker 5 (01:16:20):
Yeah, and like they are coming out with the cheaper version.
It's just it's just becoming a hard market. They don't
own the whole market anymore. No, No, that's why it's
a hard stock for me to invest in.

Speaker 4 (01:16:27):
The only thing you could really make a case for
it is what Kathie would is saying, is the robotaxi
if somehow that can make and change the you know,
the subscription based model, and you're not just a transactional
type of company on one type of sale. But every
single time that robotax is used, Teslas getting some cut
of that. You know, then you start to look at
it not just like a car company, but also somewhat
like a Spotify day.

Speaker 5 (01:16:47):
You're going to make your car into a robotaxi.

Speaker 3 (01:16:49):
I don't understand how it worked.

Speaker 5 (01:16:51):
So you can put it into your you could just
have it at your house. You could say, I don't
want to drive it today, so I'm just going to
turn robo taxi on. You turn it on however you
do it, and then it becomes an uber.

Speaker 3 (01:17:02):
So somebody can call and does it become a way moo, yeah.

Speaker 5 (01:17:06):
Whatever, Yeah, it becomes a way most if somebody calls
they say, hey, I need to pick up from the
shoes by your house.

Speaker 4 (01:17:12):
There's just so much things that come to mind. I mean,
it just sounds like a great idea. But then car
insurance that how does car insurance work in the car.

Speaker 5 (01:17:23):
Explode your car insurance is going to do the car insurance.

Speaker 4 (01:17:27):
Even allowed to do it.

Speaker 5 (01:17:28):
Yeah, it it might have to be like back by Tesla. Yeah,
at that point.

Speaker 3 (01:17:32):
I heard I heard Elon Musk say we're going to
have millions of these on the road by the end
of the year. You know when the last time he
said that was twenty nineteen.

Speaker 4 (01:17:39):
And yeah, that's exactly a good point because only a
certain number of cities that even allow self driving there. Yeah,
Phoenix is one of those. Actually, Tempia I think is
one of those sandbox areas when they call sandbox product
like it's where you can test your you know AI.
And they had one or two deaths, but they were
a while ago that time.

Speaker 5 (01:17:57):
That's why way most hused it was mostly.

Speaker 4 (01:17:59):
Homeless people that are jumping out in front of them.

Speaker 3 (01:18:02):
And I when you think about the number of trips
versus the number of problems.

Speaker 4 (01:18:06):
Oh, they're they're really successful way the way, it seems
like they're getting more successful than you.

Speaker 5 (01:18:10):
They are making absolutely and like California I was, are
gonna make it's gonna make it have more stringent rules
before they can go out and be a robo taxi.
You're gonna have to do like kind of like a
driver's license test. It's gonna have to go out with
somebody and show that it can do it and then
do ninety days worth of testing or a certain amount
of miles worth of testing before it can go to
the worst.

Speaker 4 (01:18:29):
California will have the most regulation they do for sure.

Speaker 5 (01:18:32):
Yeah, and that's where like way Mo's from. I think,
isn't it Cruise is based in Phoenix or they have
most of their.

Speaker 1 (01:18:39):
GM.

Speaker 5 (01:18:39):
Yeah, but their GM, but they have it all in Phoenix,
or at least a lot. I don't know if it's if.

Speaker 6 (01:18:44):
I have a robo taxi, there's no way that I'm
gonna let my insurance spike up. I mean that seems
like something that Tesla is gonna have to cover or
be on their behalf.

Speaker 3 (01:18:52):
I mean, who knows what he and I were talk
about last week. I So, do you think there's gonna
be a Tesla inshrench company?

Speaker 4 (01:18:56):
I probably because if you think about the fat that,
like you just said, there's a lot less accidents, right,
so you would think the insurance premium should go down
If humans are the human's not a fault. It's it's
an algorithm.

Speaker 3 (01:19:10):
Right, So you know what's the biggest drawback with this
all this self driving craziness is and I call it
craziness because I have it in my teskla and I
hate it. So the biggest you want to have to
be a drawback is it goes to speed limit. Oh yeah,
I mean if you're coming down Craycroft from Sunrise and
you go to speed limit, you're gonna get killed. You're

(01:19:32):
gonna get killed because it's it's a forty five hour
speed limit. If you're not doing fifty five, you're gonna
get rammed. Believe me, I'm on that road a lot.

Speaker 6 (01:19:42):
So it won't go over.

Speaker 3 (01:19:43):
It won't go over. It goes to speed limits. And rightfully,
so if you programmed it in, you'd want it. Program
it to go to speed limit right from a.

Speaker 4 (01:19:49):
Low mind, I just I just say I'm going ten over.
Set it at cruise set the.

Speaker 3 (01:19:54):
I'm talking about wa, I'm talking about the Waymo, the
raw taxi that would be set to go to the
street limit.

Speaker 5 (01:20:00):
Specific goes eleven over and it gets pulled over. Are
you take a question?

Speaker 4 (01:20:04):
Who gets the ticket?

Speaker 3 (01:20:05):
Good question?

Speaker 5 (01:20:06):
Company?

Speaker 3 (01:20:07):
And will oh yeah, well it even wrecking?

Speaker 1 (01:20:12):
Yeah?

Speaker 5 (01:20:12):
Does it pull off? To the side when a fire
truck's coming by.

Speaker 3 (01:20:14):
Oh, but they're just and I've got to remind you
that T s l A, that's the symbol for Tesla.
T s l A is not m U s K. Yeah,
and man is involved in a lot of other things.
It's not SpaceX.

Speaker 4 (01:20:30):
A lot of people think SpaceX is in Tesla.

Speaker 3 (01:20:32):
Yeah, no it's not. It's not. It's the car, and
it's the solar correct.

Speaker 4 (01:20:37):
And a little bit of the satellites. They got the
star link in there.

Speaker 3 (01:20:40):
Too, Okay, but I mean it's not at one hundred
and fifty times journeys and you just saw their revenue
and their net income are dropping in that environment, Your
PE should be.

Speaker 4 (01:20:49):
Eight and talk about a company that has really attracted PE.
In my opinion is that fsl R. They report earnings
next week, so we'll see how that is. But they're
analyst ratings on this. They got thirty eight animals Dave
thirty eight thirty analysts covering the stock. Twenty six have
it at strong buy, six have it at buy, and
six have it at hold. No one has it as cell.
The average analyst price rating to twenty seven stock trading

(01:21:13):
at one forty one this stock, it seems extremely cheap
with all their infrastructure here, I mean Tempe, their headquarters,
I mean they make everything that's also and they just
had on Monday, they had a jump because of Trump
saying that we're going to put more tariffs on solar
panels coming out of Asia.

Speaker 6 (01:21:31):
Right, and so in Phase actually reported some earnings, and
Phase Energy, which is another solar company, they dropped fourteen
percent because their CEO, noted on ensertnings, called that the
terrorists are going to hamper the company's battery business, which
relies on sourcing from China, which ultimately is why we
chose for solar because we found that they're American made,
that they're responsible for all inputs of what they build.

Speaker 3 (01:21:52):
Big difference, big difference. I've got another one that I
tripped over last week that the United Healthcare and I
know we've had some United health Care in the office before,
hit a new four year low on Friday based upon
concerns about lower engagement of their new Optimum Health membership
and higher than expected medicure advantage utilization rates, as well

(01:22:16):
as the macroeconomic uncertainties. Stock is selling at fifteen times
earnings just United Healthcare fifteen times earnings, has a dividend
of two percent the average price target from twenty four analysts.
That's why I was surprise for Solar would have more.
But I guess a lot of the smaller companies might
follow first Solar and not follow Unite Healthcare. There's only
twenty four analysts following Unite Healthcare. Every single one of

(01:22:38):
them has it as a buy, every single one of
them with an average price buy or strong buy, average
price target forty percent above Friday's price forty percent higher.
There's some good quality now stock that's down fifty for
the year.

Speaker 4 (01:22:54):
Well, that's the point, right, you got to look at
just because the stock is performing when things are going up.
But there's sometimes where people investors just missing a boat,
and when something's really attractive in a high quality name
that you don't think is going to go anywhere in
the long term, start to build a position. And especially
if you see a drop, you don't build it all
in one day, but you can build into it, especially
in these companies that most likely aren't going to go anywhere.

Speaker 3 (01:23:15):
We most recently saw that with Boying and before that.
The glaring example is three AM, Yeah, three M, which
for two years was at the bottom of the list. Now,
when you look at something like U nine in healthcare,
you know they're going to write that ship. It is
one of the thirty premier stocks in the country. They're
going to write that ship. Now. What you don't know, however,

(01:23:38):
is was the Friday four year low the bottom or
is it going to go another ten percent lower before reverses.
What you do know is the twenty four people who
get paid to analyze companies all say this is a
stock you need to buy.

Speaker 6 (01:23:55):
Can we ever trust them to?

Speaker 3 (01:23:56):
You can't trust them. We can't trust the analyst. And
we will be back. We're coming up on another break here.
We'll be back with the final segment of the Money
Matter Show. Again, we appreciate your listening to us. If
you weren't out there listening, this whole thing would be
pretty silly, wouldn't it. Anyway, The Money Matters Show will
be right back.

Speaker 5 (01:24:16):
Welcome back to the final segment of this Money Matters Show.
We had a great week last week, which is just
another part of the volatility that we've been seeing some
in the last month. So what we've been talking about
for this whole show is we don't really know when
the volatility is going to end. We're hoping that they're
making trade deals, that the war might end over in
Russia and Ukraine. All those are good catalysts that would
help propel the market up, but we don't know when

(01:24:38):
or how it's going to happen. We just are trying
to maneuver the market as we can.

Speaker 3 (01:24:42):
And Dylan, I think a good example of that is
one of the previous segment where I said it's going
to be five thousand first or six thousand, the first
two of US dot six, two of US dot five,
and so I mean.

Speaker 5 (01:24:51):
Pretty much where we are.

Speaker 3 (01:24:52):
That's kind of where we are. I mean, literally, no
one knows because you don't know what Trump's going to do.
You just don't know. And I think that's a lot
of the reason that I'm leaning towards five is because
a lot of these companies have pulled in their horns.
They're not expanding. I have a client who has a
concrete fabricating company, pretty large, one hundred employees, Phoenix, two sons.

(01:25:14):
He said they've lost a number of jobs. IBM said
that DOGE pulled fifteen government contracts from them. Well, the fifteen, yeah,
I've got a friend who works in the furniture store.
They just went through and marked everything up for the
second time in a month. Are they experiencing cost increases? No,

(01:25:35):
it's preemptive because you know they're coming, and that's going
on in many, many areas of the country.

Speaker 6 (01:25:40):
So we'll cavey up my five thousand dollars target. With
the fact that I think that anytime that we start
hearing the pundits on CNBC and whatever you want to
watch start talking about US dollar d D dollarization, you
know the dollar is going to blow up. I think
that it's typically a good sign.

Speaker 3 (01:25:57):
Oh, it's a very good sign.

Speaker 6 (01:25:58):
Because there's a lot of fear out there.

Speaker 3 (01:26:00):
Oh No, we had a client with wanting to buy
bitcoin because he thought that the crump's going to convert
the dollar to crypto. I mean, hey, come on, people,
I mean you gotta get I mean I turn off
the TV.

Speaker 5 (01:26:10):
With Yeah, I mean with that theory too. That's why
maybe gold isn't done running up, because we haven't started
seeing all those buy my gold or buy gold commercials. Well,
I see at the top.

Speaker 6 (01:26:19):
I heard you guys talking about that in the first
first hour of the segment. I've been getting tons of emails,
not about just people trying to sell the hard physical gold,
but from gold minor ETFs trying to get me in.

Speaker 3 (01:26:31):
Or you might have googled one of them, maybe, yeah,
because I haven't got I haven't got any of those.

Speaker 6 (01:26:35):
I've gotten quite a bit of them.

Speaker 3 (01:26:36):
No, but I mean you've probably you've probably googled one
of them for the show or whatever to talk about,
and now you're on the list.

Speaker 6 (01:26:44):
And I also think that with gold, if it starts
to sell off a little bit, that's obviously I think
that's going to be a really good thing for risk assets.

Speaker 3 (01:26:51):
Well I think so too, because we've been thinking that
gold was being accumulated by foreign governments to try to
hurt the dollar. Well, if gold starts dropping to the
under three thousand, well that's we might we our thesis
kind of has holes in it.

Speaker 6 (01:27:04):
Right, Well, it almost seemed like a flight to liquidity,
and at this point, will it be if it comes lower?

Speaker 3 (01:27:11):
Sure?

Speaker 5 (01:27:12):
Right?

Speaker 3 (01:27:12):
Sure? We had interesting. One of my favorite topics to
talk about over the last six months has been cava
the Mediterranean Chipotle. It was one of the hottest docks
but has since fallen more than fifty percent. It did
open ten percent higher on Wednesday. It got an upgrade
to a buy at Burnsteam. The analyst believe that company

(01:27:33):
can be shielded from a downturn in the economy. I
don't see that, honestly, but he does, and he sees
the shares rally more than forty percent. Now you may
recall that Cava is the Mediterranean Chapotle. I think I
just said that. Actually, so let's go to Chipotle. Chipotle
is down thirty percent off of they're high. They were
higher on Thursday despite reporting a drop in same star sales,

(01:27:56):
So the first time they've had a drop in the
same Star sales since the pandemic. Now, of course you
would have had a drop same door, same store sales
sense as the pandemic because they were closed. Yeah, you know,
so it's the first, but it is the first drop
since then. And they did comment that they're seeing a
decline in consumer spending, don't.

Speaker 5 (01:28:16):
Yeah, I could see that, and I mean, but people
are still going to ge Chipotle. But it's interesting that
it's also one of the first quarters since Brian Nichols left,
showing like one of the first declines that it is showing.

Speaker 3 (01:28:26):
It is it is? So?

Speaker 5 (01:28:27):
It is interesting, is there is the new leadership got
the same mindset where they trying different things that aren't working.
I don't know.

Speaker 3 (01:28:33):
We talked about the stock being down thirty percent, and
when you have a stock this is again from forty
years of experience, when you have a stock that has
been dropping and they report earning. Tesla is another good example.
They report rather dismal results and the stock rallies. You
can take that as a sign that the stock may

(01:28:56):
and may Big M may be sold out. I mean
everybody that wanted out and out. If bad news causes
this doctor.

Speaker 4 (01:29:05):
Rally, it doesn't cause you to get out of it.

Speaker 3 (01:29:07):
Kind of yeah, because you look at it and you go,
oh my goodness, those are terrible results, and the stock
opens a dollar higher, but before you know it is
ten dollars Hire and fifteen dollars Hires. Oh, I've been waiting, waiting, waiting.
I might have missed Abouttom. You got that fear of
missing out, and I think a lot that's the Dean
talked about that with the tariffs, you don't want to

(01:29:30):
be sitting in cash with a tariff. Now, as someone
who believes there's probably more downside than up side. Right here,
I still would be at least fifty percent invested. You
cannot afford not to be in there. And I'm more
of a kind of a fifty percent invested guy right now,

(01:29:50):
because if there is some resolution to the war in Ukraine,
if there is some resolution to the tariff, if there
are trade deals put together, the market does have upside
and you're not going to want to miss that. But
I so I don't get the idea that I'm sitting
in cash waiting, because that's really not an intelligent way

(01:30:11):
to go, and.

Speaker 6 (01:30:11):
We don't do that.

Speaker 3 (01:30:12):
We never do that.

Speaker 6 (01:30:13):
I think a couple of weeks back, we had I
was given those facts about if you were to miss,
you know, the three best trading days of between the
last ten years, your million dollars would be four hundred
thousand dollars.

Speaker 3 (01:30:22):
Phenomenal. It's phenomenal to different. I think over the last
thirty years. What do we say over the last fifty years,
if you missed all the ten best days, your ten
percent return goes to five. When you're sitting in cash
like that, waiting for the bottom, you're definitely going to
miss those days. And it just makes no sense.

Speaker 6 (01:30:42):
There's this one, I guess prospect that I have in
minds that since when once I started here as an intern,
I think I took his call and he was kind
of hesitant to get into the market at that time,
and he still has yet to get into the market.
Now about one or two weeks ago through this drop,
he's ready to get invested into the market because the

(01:31:04):
drops finally here. Well, the levels that we're at on
this S and P five hundred now, then from the
time that he was calling, you know, two three years ago,
you still missed out. Yes, oh absolutely, you missed out
a lot.

Speaker 3 (01:31:16):
Yeah, you missed out on a lot. And then that's
what's going to happen.

Speaker 6 (01:31:19):
So if you're looking for a perfect time to get
back in, there won't be one.

Speaker 3 (01:31:24):
And Video has gone from the most talked about stock
to the worst performing dovestock, but it had a very
nice week this past week. There's been a lot of
the market weakness in Nvidia has been about concerns about
slowing AI demand and whether or not companies overspent on AI.
And if that is the case, then you might see

(01:31:46):
their sales of the super high end shifts that they
sell might start to slow, and that's been the big concern.
But on Thursday, both Amazon and Nvidia said demand is
is not slowing and the data centered don is specifically
which is where it's going to show up first, is
not slowing. Well, if that's the case, and then Vidio

(01:32:09):
could rally back up. Finished at Friday at one eleven,
I think after hitting ninety four maybe yeah on Monday.

Speaker 6 (01:32:15):
And I think that's why Verde had such a great
week as well.

Speaker 3 (01:32:19):
Right, No, no, it's going to move along. It's going to
move along with it. Of course, on the other side
of that coin is our favorite doctor hate Intel. They
reported revenue and that income for the first quarter above expectations,
but issued the dreaded disappointing guidance and the soccer was
down eight percent on Friday.

Speaker 6 (01:32:37):
I just they just it's sad to see that one.

Speaker 3 (01:32:39):
It's sad to see it's on American the largest American
chip company, and it's really sad to see them struggling
like they are.

Speaker 5 (01:32:47):
It's like, what are they doing up there? Because they
have they put invested twenty billion dollars in factories in
Phoenix and then do they not have cash? What was
going on when they thought about that. Yeah, like, how
did how did so much change in two years? Three years?
When is the company now looking to be bought out
in all this issues?

Speaker 6 (01:33:03):
When is it set to be open?

Speaker 5 (01:33:05):
I think one's being open soon, and then the one closes,
I think Casa Grand one, and then I think the
other one's going to start. Was in the midst of it.
But that's a lot of money and a lot of
investment to further their company and grow their company, and
then all of a sudden it just says, no, we're
not doing well. So I don't know what was really
happening with that.

Speaker 3 (01:33:22):
Yeah, but you're right, Sebastian, it's disappointing to see that.
An American company.

Speaker 6 (01:33:27):
We'd love to see, especially in Arizona.

Speaker 3 (01:33:29):
I love to see them do well. Uh. The Southwest
Airlines thirty percent off the high down another four percent
at the open on Thursday, despite a good report. They
said they're going to cut capacity in the second half
of the year due to waning demand. Now I don't
know the last I haven't flowen since last summer, but
the planes were packed. I was on four different planes

(01:33:50):
last summer and they were all packed.

Speaker 6 (01:33:52):
Well, we had you know, fifty percent of them filled
with immigrants.

Speaker 3 (01:33:55):
Yeah, I didn't see that because I was going to Minnesota.
Didn't want to go there. And then we're ssconsin so
they're not shiving them up there. But the Comcast Comcast
down twenty five percent from their high. They lost another
five percent on Thursday to a new three year low,
despite revenue and that income above expectations because the expectations,

(01:34:15):
as you might expect, were pretty low. The problem with
their report is they continue to lose customers by the
hundreds of thousands. And now I'm still a Comcast guy,
and I'm still stuck in that world. Despite talking about
how techy I am, I'm still a Comcast guy. And
I think if I were to get a new TV,

(01:34:38):
and I'm one of these people, I'm not going to
get a new TV until the TV I have his
breaks and I'm not one of theo's going to go
out and buy a new TV. So the TV I
have is about fifteen years old, so it's not that smart.
It's not really a smart TV. And if I were
to get a smart TV, things might change. Right.

Speaker 5 (01:34:59):
The only way company like Comcast I think survives as
if they bundle all this streaming services together, kind of
like you got Hulu doing a few different ones together
with Disney and all. Yeah, but that's because Disney owns them.
So I mean, if you figure out how to make
it seamless, where you could go to Netflix, Hulu, Peacock, Hbo,
all the different ones all one one home, make it

(01:35:20):
quicker and you don't have to have different logins for everyone,
different subscriptions for everyone, if one large subscription, it's like
the new age cable pretty much. Yeah, but it's the
way I think that they survive. Otherwise they're dying.

Speaker 6 (01:35:30):
It does make sense that that's the way that they
would survive. But if I'm Netflix and if I'm Hulu,
why would you I'm not getting exactly no, I agree.

Speaker 5 (01:35:36):
I'm just saying I think otherwise they're a dying company, and.

Speaker 3 (01:35:39):
You're getting involved in this in the cell business as
trying to Anyway, we got three more days, three more
trading days left in April. Let's see if we can
get the other indices into positive territory for the month,
which would be wonderful. We all want to be happy,
and of course we all want to be healthy, because
if we're not healthy, we're probably not that happy and
at Greenberg financially, what we really want to be is

(01:36:00):
pride of all. See you next week.

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