Episode Transcript
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Speaker 1 (00:04):
Base Freedom, Florida. This is to Brian mud Show. Hello,
good stocks and cryptocurrencies go. My first rule of money is.
Speaker 2 (00:16):
Never let your money and emotions cross.
Speaker 1 (00:18):
Paths unless you want to part with it. If you
want to part with it, you do that you got
a really good chance of having success. So a couple
of things do you do? You know you could go
ahead and you could put a lot of money on
the dolphins.
Speaker 2 (00:34):
I would never.
Speaker 1 (00:36):
First of all, I'm not a gambler, but I've even
told people that I know that are and that are
also dolphin fans.
Speaker 2 (00:41):
I never let your money in emotions cross paths.
Speaker 1 (00:45):
I would never. I would never bet on my team,
on the team that I support. Good job, good job.
So over ninety percent of the time that people jump
in and out, they try to time investments, they trade around,
what have you? They do worse than if they just
left their money where they had invested it. A rich only.
I don't want you making those emotional mistakes with money.
I want you to be able to take advantage of
the greatest wealth creation machine in the history of the world,
(01:06):
which is your United States stock market. On that note,
as we take a look at where we stand, coming
into this week. The major indexes were largely flat last week.
You have gained anywhere from eleven to nineteen percent between
the Dow and the S and P five hundred and Nasdaq,
And it was a wild ride getting to about flat
last week. Before we dive in on where we are
going this week, here's where we ended the last week,
(01:27):
Fox's Hillary Barski.
Speaker 2 (01:29):
Stocks losing steam in the final hour of trading, with
the major averages ending mixed for the day and for
the week. The DALVELL sharply for a second straight session. However,
tech stocks gained and boosted the tech heavy Nasdaq. Healthcare
and financials were among the laggards weighing on the down.
And Bitcoin continues to slump, with the world's biggest cryptocurrency
hovering around ninety five thousand dollars a token. And the
(01:49):
reopened federal government will release the first backlog monthly job
support for the month of September on Thursday, November the
twentyth Yeah, so a lot of.
Speaker 1 (01:58):
That stuff's going to start to happen this week, and
we had a wild ride getting back to that flat point.
As I mentioned in an early week relief rally, on
the news that a deal to in the longest partial
government shutdown gave way to significant selling the big tech
and AI names as he had concerns about a bubble
that creeped up by a later in the week, and
then you had what you heard about on Friday. Adding
(02:21):
to the concerns for investors, indications from the Federal Reserve
governors that had previously expected interest rateing cut in December
might not happen, and perhaps most notable over the previous week,
the risk off digital currency trade. So while stocks are
largely where they were coming into the previous week, the
same is not true for cryptos that are in a
(02:42):
significant correction really at this point what would be a
bear market styled correction. Digital currency sold off and they
stayed down, with most tokens now at levels that have
not been seen since late April or early May, and
most commonly now are in negative territory for the year
after having had peak gains just a couple of months ago.
This week it's going to prove to being a really
(03:02):
important one for direction heading into year end, but also
with some of those delayed government reports that are coming in,
it's going to add to the volatility. So taking a
look at crypto's Bitcoin off seven percent last week, either
off eight the bit wise ETF that represents the top
ten tokens off eleven percent last week, and now you
have bitcoin, it's only one percent higher for the year.
(03:23):
Now ether, which was up over forty percent on the
year just two for a month ago, it's now lower
by six percent, and the bitwise ETF is negative on
the year as well. Gives you an idea of how
quickly things change with digital tokens. Can't provide value analysis
for them because they have no inherent value. Can for
stocks because they do. Using the S and P five
hundred as the benchmark. If only fundamentals, nothing else mattered,
(03:44):
people ended up freaking out in panic selling. Your maximum
downside risk from here is forty seven percent, pretty much
in line with a week ago, because stock prices and
fundamentals were unchanged. Don't think it happens even if we
get a correction, but you should always be prepared for
it just in case it does.