The Market Went Down for What?

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Chris takes aim at the daily obsession with Wall Street’s ups and downs, mocking pundits and publications that pretend to know why the market moves. From “good news is bad news” to “bad news is good news,” he exposes the nonsense of trying to time the market. Instead, he reminds listeners that real investing success comes from owning quality companies with solid fundamentals and long-term vision — not from chasing headlines or watching the ticker every day.

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
The market went down for what? Yeah, it's usually one
of the things I gotta I got a kick out of,
quite frankly, is that how how the various different publications, pundits,
whatever it may be, try to figure out why the
market did something, why it went up, why it went down,

(00:38):
and they well, again, it's part of the the bs
that they like to push on people that they actually know.
Funny thing is is that you could have absolutely great news,
great economic news, great everything, great corporate earnings coming in,
and markets could go down. You could have bad news

(01:02):
and the markets go up, and they talk about that. Well, now, well,
bad news is good news and good news is bad news.
And it has to do with the FED. I got
to kick out it today because oh there's some trade
issues with China popped up again. You don't say, really,
that never happens. And other news sky is blue, water

(01:24):
is wet, and we continue to have this this back
and forth and you have a market sell off at
the open. Do I know where it is right now? Now,
I'm not really paying attention. I got screens in front
of me here, and one of the things I do
not track is what the indices are doing to waste

(01:45):
the time. It's an exercise in futility. I know. I've
mentioned this recent. I'm gonna mentioned again. I get invited
all the time. I got a lot of radio stations
around the country that cover my program. They would love
to have me do the four market rap. Yeah, I
mean the market house skiing Investments, watch strog on Wall
Street market Rap and Chris you can record and tell

(02:06):
everybody what the uh now, the NASDAK and the S
and P did at the end of the day. No,
I don't. I don't do that because it makes no sense.
You know. The funny thing is, I remember this as
a kid when I don't really understand the markets, you know,
back in the you know, back in the seventies, and

(02:28):
they would post that, you know, what the markets did
for the day, and I'd be like, well, what does
that mean and why is that important? It's not, it's not,
it never has been. And again, you know, it's it's
become almost like background noise with our every day lives.

(02:51):
You want to own, and I made this perfectly clear.
You want to be successful. You want to own high
quality companies, good balance sheets, great prospects for the future,
good management, all of these things. Time to market. Now
now you're not going to do well doing that again.

(03:16):
It makes no sense. I don't know, you know, I
don't know where the market's going to be at the
end of the day, and I don't care. Okay, what
you should care is where the companies in your portfolio
are going to be five, ten, fifteen, twenty, thirty years
down the road. That's what matters. Watchdog on Wall Street
dot Com