April 27, 2025

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

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

In this episode, Dean Greenberg and the team review a tumultuous week in the markets, discussing how political news, tariffs, and global events are driving volatility. They debate whether it’s riskier to be in or out of the stock market right now and...

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In this episode, Dean Greenberg and the team review a tumultuous week in the markets, discussing how political news, tariffs, and global events are driving volatility. They debate whether it’s riskier to be in or out of the stock market right now and offer insights on long-term investing through uncertainty. The team also talk about interest rates, inflation, oil prices, and recent company earnings. Throughout the episode, they touch on domestic issues like college costs, immigration, and shifting demographics in growing Arizona communities. Personal stories and lively commentary make it a dynamic look at the interplay between finance, politics, and everyday life.

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Good morning, everybody.

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It's that time, Sunday morning, right here in seven ninety knst.

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It's the Moneymatter Show with Dean Greenberg and the rest

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of the crew will be here after the monologue.

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Hey, what a week. Huh? That was a good week.

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Aren't glad he didn't sell everything? All right? Aren't you glad?

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Because at the end of the day, this is what

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the market's gonna do right now until we get through

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this confusing period of time. If I were you, I

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wouldn't listen to anybody because nobody knows when he's gonna tweet,

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when he's not gonna tweet, if there's gonna be a

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tariff deal, is it not gonna be a tariff deal,

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because that's what's the volatility. But eventually we know the

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tariff deal is coming, something's gonna happen, We're gonna have

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a big move up and a probably be time to

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sell into. But right now I would not be selling.

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I would be looking for opportunities to add. Right now,

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the Dow is down two and a half percent this week.

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The S and P was not down up. I'm sorry,

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I'm so used to saying down up two and a

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half percent. The S and P five hundred was up

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four point six percent, then Nasdaq was up six point

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seven percent, the Russell was up four percent, and the

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equal way that S and P was up three percent.

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That puts US up for.

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The month in only one category, that's NASDAC up a half.

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Everything else is down between one and a half and

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four percent. And for the year, nazac's leading US down

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at ten percent, the S and P is down six,

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and the Down's down six. So it feels good to

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make some money back. It feels good to be in

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the game when it's going up. But more than anything,

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this should believe your stress. I think a lot of

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what's going on right now, it kind of means what

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side you're on. If you're on Trump's side, you're kind

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of like dealing with it. You're not liking what's going on,

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but you're kind of dealing with it. If you're one

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of those people that do not like Trump and do

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not like what's going on, the stress is even greater.

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Understand both sides, I really do.

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When Biden was in, I had people never wanting to

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be investing because everything Biden did was going to go down.

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Now that Trump's in, nobody wants to be invested because

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he's going to screw everything up.

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What we do know is markets go up and down.

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With Biden, the market went down over twenty two percent

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and twenty nineteen nineteen. In twenty twenty two, we forgot

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about it. It came back right now. We've been down

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as far as nineteen percent or so. Now we bounced back.

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All right, we're down. We've got back half of it.

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That doesn't mean it's coming back immediately. But this is

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the question you have to ask yourself. But the next

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thirty to sixty days, would you rather be in the

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market or out of the market? And I'm not asking

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percentage wise, because we know we should be a little

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cautious still, I'm just talking should you be in or

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out on whatever percentage you feel comfortable being in a

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lot of people say they rather feel comfortable being out

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of the market because everything going on. I'm going to

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tell you you better feel comfortable being in the market,

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whatever percentage is, sixty percent, I don't care what the

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percentage is.

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But this is why we went.

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Down because of a man made situation, A man made

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situation that I happened to believe was necessary. If not

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now down the road with somebody. What I believe is

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that we needed to go ahead and start looking at

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a debt situation and correct that. Whether you like the

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way he's doing it or not, this is an opportunity

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for something to start the dialogue on how to get

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out of debt, and how to fix the wars, and

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how to fix the terrort situation, and how to take

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advantage of what's going on, and all these other things

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that go along with it.

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It's fast, it's furious.

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There are going to be mistakes, but I believe it's

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something that had to be discussed about.

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That's what has to be done.

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So with that said, at any time, whether it's India

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or Japan, Europe and eventually China coming to the.

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Table with on whatever deal it is.

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What if we just went back to the way it was,

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the same deal we had, then the people that don't

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hate Trump will be all that hate Trump will be

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all arms, say, ah, look what happened. Now you can't

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make a deal, but we'll still be in a good shape.

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The people that believed in Trump would be saying, we

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got to a certain point and now we're still moving forward.

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That's the worst thing that happens we go back to

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where it was. But that isn't gonna be the problem.

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We are gonna make concessions. These company countries are gonna

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make concessions. They are all gonna be better deals for

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American people, the Americans, and there's gonna be more exports.

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They're gonna have to buy stuff from US if we're

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gonna buy stuff from them. That's the way it's gonna happen.

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We're gonna have more companies coming back here. Look at

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what Apple has already decided. They're not stupid. And I

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said this about a month ago. I said, do you

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think that Tim Cook went to back in January and

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doesn't know what's coming down the line?

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Of course he did.

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They've already been making preparations to go to India and

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start producing their phone in India. Now, yeah, there was

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some tariffs and stuff that were there, but at the

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end of the day, they're gonna start building here and

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that they use and if they use India to put

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the things together and as symbol here, more and more

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will be come out of the USA, which means they'd

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be less and less terrorists. On what we need to do.

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It's that simple. Companies are going to do it. If

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they do not do it and they just sit there

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and complain, they will be left in the dust. If

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all you see is a CEO of a company just

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complaining about the terrorists and complaining about what Trump did

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and not actually making moves, don't invest in that company.

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Changes happen, adversity happens. How they handle it is what

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makes them what they are. Oil companies, they were making

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billions of dollars and everybody was against it.

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Not everybody.

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Some people they've investor loved it, but you know, the left,

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they're making too much money. That's too much profits. It's

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this is that oil prices are down now and nobody's

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cheering that the old companies aren't gonna be making this

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much money. And it all comes to supply and demand.

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The supply is increased because other countries have been not

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adhering to any type of cap and they keep pumping oil.

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We're pumping oil. It's gonna bring the price down. Energy

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comes down, gets what happens. Inflation comes down. We saw

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inflation numbers back, but all we hear from the media

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prices are rising, Prices are gonna rise. They're going to

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rise prices are going to go higher, but they haven't

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actually done it yet. And I'm not saying they're not

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gonna go up a little bit, but they're not gonna

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go up these huge amounts that everyone thinks that's gonna happen.

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People haven't really pulled back from spending that much. But

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as soon as prices go to point they don't they

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can't spend, they won't spend, and then the supply will

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get bigger than the demand, and when the demand is

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no longer there, price it will come down.

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It's that simple.

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Everything has a shelf life, especially with food, and they're

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not going to just be throwing food away because people

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can't afford to buy it at that level. They will

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be selling it at the price that people can buy it,

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which means they at least get cash flowed. But the

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companies might not be making that much money, which then

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will drive their price stock down, the stock of the price.

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It's so interesting to me to see that this administration,

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the people in the administration, the Republicans, are always being

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told they're only there for themselves, they're there for the

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rich and everything else.

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The only people getting.

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Hurt right now are people that have large portfolios that

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have equity portfolios, they're getting hurt. And mostly if you're

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going to have equity portfolios for what cana not. That

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means you have a job and you're doing pretty well

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to a certain extent, not everybody, but most, But all

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you hear is how much you're to lose and how

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much you lose.

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But these are for the people.

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If we bring down taxes for the middle class, if

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you get rid of taxes on wages, if you get

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rid of taxes on Social Security, if you increase the

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highest tax bracket for the highest earners two percent back

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to forty percent or whatever, thirty nine and a half percent,

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that's helping the middle class. That's what they're trying to do.

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The terrorst situation is great for the union companies that

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everyone says Republicans don't like. We know this administration knows

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they need to bring back the middle class. They got

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to bring back a factory. Work is manufacturing, not manufacturing

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like we used to see it in the twenties and

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thirties and forties with the smoke stacks and all that

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black smoke coming out. We need with today's technology, we

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need people to know how to run robots how to

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do the logistics, how to go ahead and build these buildings,

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how to put the computers in. It's going to take

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smart people, so become educated, and these are going to

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be one hundred thousand plus jobs, one hundred thousand dollars

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a year plus jobs. That's what's going on. It takes time.

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Everybody is saying this. So this is where everyone's on

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the same page. Yes, I'm happy that we shut down

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the borders for the fact that we are now not

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having crime. We're not having all this crime, We're not

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having people here illegally having crime. Most people are on

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that board with that. Okay, whether or not on board

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is the people that are here that we're saying our

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MS thirteen people and gang members and criminals just saying

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that they can't be deported because they need to go

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through the justice system. Now I'm not an attorney, so

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I'm not gonna go down that line, but I know

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some rules say if you hear less than two years,

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you don't even matter if you're a criminal or not,

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they can deport you.

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We don't want that group. We don't want the good people.

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They just want the criminals.

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And if we take away the criminals, it's going to

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leave Ice and the deportation.

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People with the low hanging fruit.

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And if you hear less than two years, you better

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get scared, because that's all they can go after if

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the judges and the courts just keep stopping getting rid

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of the criminals. Now it's interesting to me because what

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you hear is, well, how do you know it's true?

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The breaking lord? If that's not constitutional? Should they should

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never do that? I don't believe them. Then it comes

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to terrorists. I don't believe Trump. I believe China, I

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believe by way, I believe everybody else but us. But

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those same people that don't believe anybody in the Trump

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administration that they're all liars, are the same people that

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told us we have to believe everything in the Biden administration.

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I e.

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Is laptop, that it were done by CIA and FBI people.

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Signing off i e.

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The Russian hoax that we know I've found out that

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was all done by Hillary.

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We're supposed to believe all that.

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We're all supposed to believe that they nobody knew that

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Biden was deteriorating and that he could not be president.

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They lied to a face. And these the same people

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now saying that everything Trump's saying is lying. Now, I'm

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not supporting one or the other because I believe all

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politicians lie. I believe they all exaggerate. But I do

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believe we're seeing a little bit more transparency and maybe

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a little exaggeration with the transparency now than we did before.

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But we haven't seen outright lies. We've heard we're deporting

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these people, and I don't care what the courts say,

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and that is where the conflicts are. Oh, you're not

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listening to the court. You're not listening to this. But

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if I see one more meme of Trump as Hitler,

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it's gonna, it's gonna it's it's pitched something off. I'll

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be honest with you, okay. And the reason it is

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being a Jewish person. Hitler took German Jews. They were German,

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they were legal, they were living there with their families,

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and he killed them. They went to concentration camps. If

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they made it off the trains and they and they

236
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all the other places, if they didn't get shot or

237
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anything else like that. It is not the same the

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people that are here that they're trying to deport. We

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know Ms. Thirteen that we know their gang members. They

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we know their criminals. Maybe some of them will be

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able to able to you know, escape around and maybe

242
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not been gone through this justice system. Maybe they haven't

243
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been convicted, but they're part of what's going on. Okay,

244
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there's It's just like if you say that something about

245
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Trump and there's if they's smoke this fire.

246
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It's the same thing with these people.

247
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And if they're not, if they're here from other countries

248
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and they're illegal, it doesn't matter. Okay, it doesn't matter.

249
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This is what I'm trying to say. Sending them to

250
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prison in El Salvador because they are criminals here and

251
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they're El Salvadorans not Americans, is so different than German

252
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Jews being sent to concentration.

253
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Camps to die.

254
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And if you don't believe that, then I want you

255
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to call me and you tell me that's the same.

256
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I'm sick of watching that that social media is disgusting

257
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when they start doing that. Don't compare the same as

258
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the Holocaust to today. Getting rid of the criminals and

259
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the illegal immigrants. Okay, now do I agree. Once we

260
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get rid of the criminals and stuff, and we have

261
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a lot of people here that are considered undocumented for many,

262
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many years. Do we have to have a plan for them, Yes,

263
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if they've been good people, they've been working hard, they've

264
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been doing the things we need them, we need to

265
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figure something out. And I put that on Congress. I

266
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put that on both the Republicans and the Democrats for

267
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pushing that ball down the road for way too long,

268
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decades and decades. Figure out how we get the best

269
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use out of the best immigrants that are here, that

270
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are good people with good families and good children, that

271
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want to go to school here and do the things

272
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we need and are working and paying taxes. Bring them

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into the system. That doesn't mean they have to vote,

274
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but it doesn't mean they have to have citizenship right away.

275
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But let's give them a path to it, because we

276
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do need good immigrants. What we don't need is to

277
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bid illegal immigrants that create havoc and problems in the society.

278
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Another thing, we know, these elite universities think they are

279
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better than everybody else. We know it's been a transition

280
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of liberalism going there. But of course the liberals on

281
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the side do not ever want to say that they've

282
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shut down conservative talk people when they come to those campuses,

283
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they riot, they protest, They don't let them in the buildings.

284
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Conservative people are not allowed. Now, they don't want Jews there.

285
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I get there's a little bit more that what the uh,

286
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that the uh the administration is trying to get out

287
00:16:05.279 --> 00:16:08.919
of Harvard. Okay, I get that it's not just about

288
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the the UH the Jews and making them safe, but

289
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that's the pinnacle of it. That's the pinnacle. And if

290
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you decided you did not want to attack and stop

291
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the people that are making it difficult for the Jewish

292
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students to be at Harvard, then the rest is unattended

293
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consequences of what you're doing. And now what you've done

294
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is you open up the can. And now we're gonna

295
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the administration is gonna go in there and they're gonna

296
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go be picky on everything you got going on. And

297
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guess what if they're gonna give you four billion, six billion,

298
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twenty billion.

299
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Dollars, they have the right.

300
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But if you're all that Harvard and you don't need

301
00:16:49.799 --> 00:16:53.200
the money, tell the federal government, I don't want your money,

302
00:16:53.559 --> 00:16:56.639
and we're gonna do it our way and keep promoting

303
00:16:56.679 --> 00:16:59.559
what you're doing, and see how many people are gonna

304
00:16:59.600 --> 00:17:03.600
keep coming to your school. You got the richest people,

305
00:17:04.200 --> 00:17:08.480
you Yale, Dartmouth, pen You guys are the ones that

306
00:17:08.519 --> 00:17:10.799
come out with the greatest jobs.

307
00:17:11.720 --> 00:17:12.799
And you keep filtering.

308
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You're talking about not giving other people opportunities.

309
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It's there.

310
00:17:18.200 --> 00:17:22.960
So fund yourself, fund your own grants, fund your own research,

311
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do all that stuff.

312
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Then you can do whatever you want to do. That's simple,

313
00:17:27.759 --> 00:17:28.400
that easy.

314
00:17:28.839 --> 00:17:31.079
But you don't you want money from the government, then

315
00:17:31.119 --> 00:17:33.000
they had the right to tell you. But if you

316
00:17:33.119 --> 00:17:36.000
didn't go ahead, if you were able to be proactive

317
00:17:36.319 --> 00:17:42.519
against the Jewish students being safe from the people that

318
00:17:42.559 --> 00:17:45.880
are pro Palestinians And I'm not getting an Zionism and

319
00:17:45.880 --> 00:17:48.559
found I'm talking about safety. What you do, if you

320
00:17:48.599 --> 00:17:52.920
didn't allow people to have hate for the Jews, you

321
00:17:52.960 --> 00:17:55.480
wouldn't be in this mess. If you shut that part

322
00:17:55.480 --> 00:17:58.079
of it down, all the rest of it would just

323
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be here. He said, she said, this is what I'm

324
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gonna do. That's what I'm going to do. Okay, But

325
00:18:05.920 --> 00:18:09.440
people going to college today, just like they did before,

326
00:18:09.519 --> 00:18:15.160
for most of it, they don't have a clue. So

327
00:18:15.200 --> 00:18:19.160
they come in and they absorb what what the professors

328
00:18:19.200 --> 00:18:22.119
that have been tenured for all these years that think

329
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they have all the knowledge in the world of everything

330
00:18:24.559 --> 00:18:27.279
going on, and it's all an academic world.

331
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That's where they learn from.

332
00:18:29.680 --> 00:18:31.920
But you know what, that's not the real world, people.

333
00:18:32.319 --> 00:18:35.359
The real world is a lot tougher. The real world.

334
00:18:36.599 --> 00:18:42.039
The real world gives you curveballs. The real world is

335
00:18:42.119 --> 00:18:45.400
about hate and not the real world fights back.

336
00:18:45.839 --> 00:18:46.799
The real world.

337
00:18:47.000 --> 00:18:50.319
Real world doesn't let you get away with everything and

338
00:18:50.400 --> 00:18:53.279
everything's this and everything's that. So you know what, Harvard,

339
00:18:53.279 --> 00:18:56.319
you might have your little cocoon and you might think

340
00:18:56.319 --> 00:18:59.920
it's okay to protect those and you think that's okay. Well,

341
00:19:00.000 --> 00:19:02.759
if you're going to allow hate speech, you have an

342
00:19:02.759 --> 00:19:05.359
administration that's not gonna do it, and they're gonna use

343
00:19:05.440 --> 00:19:08.319
that as the can opener to the rest of everything

344
00:19:08.359 --> 00:19:12.200
that they want to get DEI and everything else. Because

345
00:19:12.200 --> 00:19:16.039
you don't want we're done with that. Common sense tells

346
00:19:16.079 --> 00:19:18.960
you that Americans, for the most part, do not want that.

347
00:19:19.160 --> 00:19:23.680
Equal opportunity is what people want. People don't want a.

348
00:19:23.640 --> 00:19:26.000
Black person, a yellow person, a brown person, or a

349
00:19:26.039 --> 00:19:29.039
white person who get a job or an opportunity to

350
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go to college because of the color of the race.

351
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They want the best people doing it.

352
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Do.

353
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I think that we have to go ahead and go

354
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down further and look for opportunities for people that might

355
00:19:40.680 --> 00:19:42.240
not be coming out of that situation.

356
00:19:42.319 --> 00:19:43.759
We do. And you know where that starts.

357
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It starts with the middle class being able to go

358
00:19:47.279 --> 00:19:50.039
from the from the lower playing field to the upper

359
00:19:50.039 --> 00:19:52.880
playing field. And that's what we're trying to do. That's

360
00:19:52.920 --> 00:19:55.119
what he's trying to do by getting us out of date,

361
00:19:55.519 --> 00:19:58.200
out of debt, so we can give more money to

362
00:19:58.319 --> 00:20:02.720
people with children, more tax benefits for tea people with children,

363
00:20:03.079 --> 00:20:05.960
give them more opportunities to do the things they need

364
00:20:06.000 --> 00:20:08.319
to do. What no one has gone ahead and said

365
00:20:08.599 --> 00:20:11.519
is why is colleges so expensive? Why is there so

366
00:20:11.640 --> 00:20:14.519
much student loan? Instead of just paying off student loan,

367
00:20:14.839 --> 00:20:19.359
make to your universities responsible for helping these kids without

368
00:20:19.519 --> 00:20:23.799
giving them these big student loans. It's a scam in

369
00:20:23.839 --> 00:20:26.559
my opinion, come to school, learn the stuff.

370
00:20:26.680 --> 00:20:31.359
Especially fifty percent of the colleges. Okay, you can go

371
00:20:31.400 --> 00:20:32.839
and get you go there.

372
00:20:32.880 --> 00:20:34.400
They want you to go through, they want you to

373
00:20:34.440 --> 00:20:37.480
pay becomes it, you know, And what happens is those

374
00:20:37.880 --> 00:20:41.920
most of those classes you can't get into, so you

375
00:20:42.039 --> 00:20:44.640
end up having to go five years maybe six years.

376
00:20:44.880 --> 00:20:47.799
A lot of those classes, you can take it at a.

377
00:20:49.519 --> 00:20:53.720
Just regular community colleges. Get those, get those done, get

378
00:20:53.720 --> 00:20:56.440
those good grades, and then move on. There's so many

379
00:20:56.440 --> 00:20:59.079
different ways to do what they're doing. And don't even

380
00:20:59.119 --> 00:21:03.519
get me started on what they've done with the student athlete. Okay,

381
00:21:03.880 --> 00:21:08.240
the student athlete. We don't have student athletes in the D.

382
00:21:08.240 --> 00:21:09.160
One level anymore.

383
00:21:10.319 --> 00:21:14.319
All right, they're supposed to have good grades, they're supposed

384
00:21:14.359 --> 00:21:16.759
to go ahead and do that stuff, but somehow there's

385
00:21:16.799 --> 00:21:17.319
a swap.

386
00:21:17.599 --> 00:21:18.359
Do you know how.

387
00:21:18.279 --> 00:21:22.680
Few people go to college, get that scholarship and end

388
00:21:22.759 --> 00:21:26.480
up at the next level, less than two or three percent,

389
00:21:27.039 --> 00:21:29.240
And in so many they can't what we call country

390
00:21:29.240 --> 00:21:34.359
club sports and Olympic sports. There's nothing for them afterwards.

391
00:21:34.599 --> 00:21:37.480
It's a way for them to go to college and compete.

392
00:21:37.680 --> 00:21:40.640
I love sports, I love all the sports. I love

393
00:21:40.680 --> 00:21:44.319
people that want to compete. I think they should be awarded,

394
00:21:46.279 --> 00:21:49.119
but they've met a mess of it. Nobody wants to

395
00:21:49.160 --> 00:21:53.240
earn anything. All right, put a cap on it, Put

396
00:21:53.240 --> 00:21:56.400
a cap on it and say here, here's the deal.

397
00:21:56.920 --> 00:22:00.480
You're a great athlete, you're coming out of high school, right,

398
00:22:00.880 --> 00:22:04.200
You're not worth three four or five million dollars. I'll

399
00:22:04.200 --> 00:22:06.319
give you a million dollars, which is more than any

400
00:22:06.400 --> 00:22:08.519
kid that even deserves coming out of high school.

401
00:22:08.839 --> 00:22:09.880
But you're gonna earn it.

402
00:22:09.960 --> 00:22:14.319
None of these people have earned anything. So in my experience,

403
00:22:14.559 --> 00:22:19.160
when you don't earn something, you don't keep that something.

404
00:22:19.640 --> 00:22:22.160
You end up spending it, you end up losing it,

405
00:22:22.400 --> 00:22:24.960
you end up risking it, you end up doing whatever

406
00:22:25.000 --> 00:22:27.880
you want with it, except the right thing, and that's

407
00:22:27.960 --> 00:22:31.920
investing it, because once you get out, that million dollars

408
00:22:31.960 --> 00:22:32.359
you might have.

409
00:22:32.359 --> 00:22:34.839
Gotten might be more money than you're gonna have for the.

410
00:22:34.799 --> 00:22:41.640
Next fifteen years of working. Let's face it, coming out

411
00:22:41.680 --> 00:22:45.759
of school, you're lucky to be making sixty thousand dollars, right,

412
00:22:46.880 --> 00:22:50.960
that's fifteen years away. Again, sixty grand or make that million.

413
00:22:52.480 --> 00:22:55.000
So knowing they're not investing it, they're not doing it

414
00:22:55.039 --> 00:22:57.920
the right way. For the most part, they're spending it,

415
00:22:58.440 --> 00:23:02.440
just sending it to theirs, their parents, their family. That's

416
00:23:02.519 --> 00:23:06.160
all everyone's getting that money. It's not going to do

417
00:23:06.200 --> 00:23:08.480
the same. And then if you're not happy, what do

418
00:23:08.519 --> 00:23:13.279
you do? You leave your transfer out. So here you

419
00:23:13.319 --> 00:23:16.559
are a coach making three five, seven nine million dollars

420
00:23:16.799 --> 00:23:20.319
and these eighteen twenty year old kids do not give

421
00:23:20.359 --> 00:23:25.680
a crap about you and your family. They don't. They

422
00:23:25.759 --> 00:23:27.599
just want to know how much they're going to get.

423
00:23:27.759 --> 00:23:33.000
But everything they do determines how your family survives. And

424
00:23:33.039 --> 00:23:38.480
when you're thirty, forty fifty years old, your income is

425
00:23:38.519 --> 00:23:41.680
so much more important than when you're eighteen, nineteen, twenty,

426
00:23:41.720 --> 00:23:45.440
twenty one years old. Now you've earned it, Now you've

427
00:23:45.440 --> 00:23:48.480
gotten it, you take it away, hopefully you've done the

428
00:23:48.559 --> 00:23:52.200
right thing and invested it. Life is different, America is different.

429
00:23:52.319 --> 00:23:54.559
But all you do is you hear the people. You're

430
00:23:54.599 --> 00:23:59.279
doing this wrong, you're doing that wrong. So summary don't

431
00:23:59.279 --> 00:24:02.920
be out of the market. Something good's gonna happen. Something

432
00:24:02.960 --> 00:24:05.599
good's gonna happen. After that, something good's gonna have to

433
00:24:05.599 --> 00:24:08.279
After that, the market's gonna rally. And then after that,

434
00:24:08.319 --> 00:24:10.799
you know what's gonna happen. We'll probably got a little

435
00:24:10.799 --> 00:24:13.160
bit of decline. We're gonna go back and forth for

436
00:24:13.200 --> 00:24:16.039
a while until it all comes through, and then next

437
00:24:16.079 --> 00:24:18.559
year and the year after, I believe then we'll start

438
00:24:18.640 --> 00:24:19.720
seeing new highs again.

439
00:24:20.119 --> 00:24:22.680
Stay tuned, be part of it. We're here for you.

440
00:24:22.799 --> 00:24:25.000
Give us a call if you need something, keep your

441
00:24:25.000 --> 00:24:30.599
head up, be positive. Good things are gonna happen. Welcome

442
00:24:30.599 --> 00:24:32.640
back to the Money Matter Show. This is Dave Sherwood.

443
00:24:32.640 --> 00:24:35.160
I've got Dean Greenberg, I've got Dylan Greenberg. I got

444
00:24:35.200 --> 00:24:38.160
Todd Goog Junior and Sebastian or in the house. And

445
00:24:38.200 --> 00:24:40.480
we have with us, for the first time ever at

446
00:24:40.480 --> 00:24:45.039
Greenberg Financial, someone who has successfully completed the Boston Marathon.

447
00:24:46.119 --> 00:24:49.000
I've never known anyone that ran the Boston Marathon. We've

448
00:24:49.039 --> 00:24:51.480
talked a lot about it on the radio. Tell us

449
00:24:51.599 --> 00:24:53.359
you gotta have a few highlights for us.

450
00:24:53.680 --> 00:24:56.640
Well, it was a tough day at the office, that's

451
00:24:56.680 --> 00:24:56.960
for sure.

452
00:24:57.000 --> 00:24:57.240
For me.

453
00:24:57.400 --> 00:24:59.200
Did not hit quite the time I wanted. But it

454
00:24:59.240 --> 00:25:02.119
was a fun experience as Boston was when I think

455
00:25:02.119 --> 00:25:05.759
I ran through seven different towns starting on the I

456
00:25:05.759 --> 00:25:08.519
guess more Western side, and then all the way to

457
00:25:08.759 --> 00:25:13.000
Boston City and uh yeah, it was very beautiful. Weather

458
00:25:13.160 --> 00:25:17.440
was perfect on every way. People were amazing, very supportive,

459
00:25:18.200 --> 00:25:21.039
really cool city. Yeah, Food's not that good in Boston.

460
00:25:21.079 --> 00:25:24.160
I don't think Chicago much better food.

461
00:25:24.559 --> 00:25:26.960
But Boston. I hate BOSTONI is out there screaming at

462
00:25:27.000 --> 00:25:28.960
you right now. My daughter lived there for a couple

463
00:25:29.000 --> 00:25:29.880
of years. It's pretty good.

464
00:25:30.079 --> 00:25:30.559
It's all right.

465
00:25:30.640 --> 00:25:32.759
The hot dogs they serve in like white bread, like

466
00:25:32.759 --> 00:25:34.599
like what you would put a sandwich on. It's crazy.

467
00:25:35.839 --> 00:25:36.960
Snore dog's much better.

468
00:25:38.119 --> 00:25:40.559
But as far as the the racier South, the experience,

469
00:25:40.839 --> 00:25:42.400
the thirty thousand runners.

470
00:25:42.119 --> 00:25:46.200
Thirty two thousand, yeah, really really fun to do. There's

471
00:25:46.200 --> 00:25:49.400
a banana that ran past me. Someone dressed in a banana.

472
00:25:49.400 --> 00:25:50.119
Ran past you.

473
00:25:50.319 --> 00:25:53.759
Yeah, he actually ran the marathon with an average pace

474
00:25:53.799 --> 00:25:55.240
of like five minutes and fifty.

475
00:25:55.000 --> 00:25:57.519
S in a banana outfit and a banana outfit. Meg,

476
00:25:57.599 --> 00:25:59.359
What happened if he didn't have the banana outfit?

477
00:25:59.440 --> 00:26:01.640
Yeah, I mean I got I think I even got

478
00:26:01.640 --> 00:26:04.079
to be by someone with no legs like you had

479
00:26:04.279 --> 00:26:05.839
the parallel.

480
00:26:05.480 --> 00:26:07.440
Well, yeah, he's padding.

481
00:26:07.519 --> 00:26:10.200
I mean no, no, no, you know right, no, no, no,

482
00:26:10.240 --> 00:26:11.960
I'm talking about the ones that you have.

483
00:26:13.519 --> 00:26:14.160
Prosthetics.

484
00:26:14.240 --> 00:26:17.319
Prosthetics, there's a lot of what it's quite amazing how

485
00:26:17.319 --> 00:26:19.599
many people can can do that distance.

486
00:26:19.759 --> 00:26:21.880
What you find out in an environment like that is

487
00:26:21.920 --> 00:26:25.559
how many people your age are in extremely great shape.

488
00:26:25.559 --> 00:26:29.200
And I know that I was cross. My daughter was

489
00:26:29.319 --> 00:26:31.680
urging me to to run a marathon when she was

490
00:26:31.680 --> 00:26:33.440
in college. Just twenty years ago. And I was in

491
00:26:33.480 --> 00:26:36.440
my probably in my fifties at that point, and I thought,

492
00:26:36.519 --> 00:26:38.079
I'm pretty good shape for a fifty year old. And

493
00:26:38.119 --> 00:26:41.599
I was looking at the winning time and yeah, right, yeah,

494
00:26:41.640 --> 00:26:44.519
and he would have been in a five K he'd

495
00:26:44.519 --> 00:26:47.440
have been four k ahead of me, you know, so

496
00:26:47.559 --> 00:26:49.640
that wasn't that wasn't going to happen anyway. We're proud

497
00:26:49.640 --> 00:26:52.160
of you, happy to have you, have you back and

498
00:26:52.680 --> 00:26:55.519
on the air. Yeah, And while week in the market,

499
00:26:56.720 --> 00:27:01.119
it's started off with Trump going after Paul, calling him names,

500
00:27:01.799 --> 00:27:05.599
you know, that very professional and uh, the market did

501
00:27:05.640 --> 00:27:08.079
not like that. There's an awful lot of people out

502
00:27:08.119 --> 00:27:11.160
there that believed that Paul was pretty good in getting

503
00:27:11.200 --> 00:27:13.799
inflation under control, did a good job of landing the

504
00:27:13.799 --> 00:27:15.920
plane that people didn't think could be landed.

505
00:27:15.960 --> 00:27:17.359
They also just don't like the fact that he was

506
00:27:17.359 --> 00:27:18.960
saying that because I don't believe that he could just

507
00:27:19.160 --> 00:27:19.559
do that.

508
00:27:19.680 --> 00:27:20.400
He can't.

509
00:27:20.440 --> 00:27:23.200
Trump says, can't take Powell out, and that's what investors

510
00:27:23.200 --> 00:27:25.240
did him like, And he walked it back the next

511
00:27:25.319 --> 00:27:27.200
day and the markets loved it. Yeah, So it's just

512
00:27:28.039 --> 00:27:30.720
volatility constrained around Trump.

513
00:27:31.079 --> 00:27:33.240
You know, he walked it back, but I mean he said, well,

514
00:27:33.279 --> 00:27:34.839
you know, I didn't want to get rid of Paul,

515
00:27:35.119 --> 00:27:37.319
and he was absolutely going to get rid of Poule

516
00:27:37.359 --> 00:27:40.039
if he could. He hated him, call him a loser, right,

517
00:27:40.119 --> 00:27:42.960
and he's had that rhetoricory. And then then two days

518
00:27:43.039 --> 00:27:45.759
later he said, well, I'll never get rid of Paul. Okay, Well, I.

519
00:27:45.920 --> 00:27:47.759
A lot of weird comments this week.

520
00:27:48.319 --> 00:27:51.000
I wonder I'm told my breath for this weekend when

521
00:27:51.000 --> 00:27:54.279
he's over in Italy at the at the Pope, at

522
00:27:54.319 --> 00:27:58.039
the Pope's service, the Pope's funeral with other world leaders.

523
00:27:58.200 --> 00:27:59.920
How about that J D Vance being I think the

524
00:28:00.079 --> 00:28:01.559
last official to talk to him.

525
00:28:01.640 --> 00:28:03.720
Yeah. One of my one of my right wing clients

526
00:28:03.720 --> 00:28:05.599
on Facebook said, well, won't be along till will you

527
00:28:05.640 --> 00:28:10.440
find out that Gdvans poisoned the boat. He was one

528
00:28:10.440 --> 00:28:12.240
of the last. He wasn't one of the last people

529
00:28:12.240 --> 00:28:14.720
to say yes, it's right. And it came out Easter

530
00:28:14.799 --> 00:28:18.559
Sunday morning and read from his script and then Easter

531
00:28:18.640 --> 00:28:22.720
Sunday afternoon died. No, I mean, it's pretty kind of

532
00:28:22.720 --> 00:28:26.039
cool that the Pope dies on Easter. It's it's more

533
00:28:26.079 --> 00:28:26.599
of the odds.

534
00:28:26.720 --> 00:28:28.599
I don't know, but you worried about it though.

535
00:28:28.599 --> 00:28:31.839
It was like, you know, like like, uh, they get that.

536
00:28:31.920 --> 00:28:35.079
Bernie says, whatever it is out at the movie.

537
00:28:35.720 --> 00:28:40.599
Oh yeah, yeah, you propping him up her? He was.

538
00:28:40.640 --> 00:28:42.960
He was not in good shape, and you felt for him. Sorry,

539
00:28:42.960 --> 00:28:43.759
he's eighty eight years old.

540
00:28:43.920 --> 00:28:47.359
Oh, weekend at Bernie's. Yes, after reading.

541
00:28:47.119 --> 00:28:50.960
The scrapping him up by the jukebox, his lips.

542
00:28:50.599 --> 00:28:53.240
Man, it was just weird. He just passed passed right

543
00:28:53.279 --> 00:28:53.640
after that.

544
00:28:53.599 --> 00:28:55.960
Because he was, you know, enough strength for one more?

545
00:28:56.519 --> 00:28:57.519
Yeah, he wanted easter.

546
00:28:58.039 --> 00:29:01.039
Yeah, what are the odds. I guess the odds are

547
00:29:01.039 --> 00:29:04.319
one in three sixty five, right, technically.

548
00:29:04.559 --> 00:29:07.000
Yeah, after the marathon, I checked the market and I

549
00:29:07.079 --> 00:29:08.759
saw how much it dropped, and my mom was like,

550
00:29:09.640 --> 00:29:13.000
was it because the pope died? That's not That's not

551
00:29:13.000 --> 00:29:14.519
how the markets are going to react. They're not going

552
00:29:14.559 --> 00:29:16.000
to react based on the pope. She's like, well, it's

553
00:29:16.000 --> 00:29:17.759
a really big deal to a lot of people. I'm like, no,

554
00:29:17.839 --> 00:29:19.839
it's not. I'm not going to make investments.

555
00:29:19.920 --> 00:29:21.960
So did we congratulate Todd?

556
00:29:22.079 --> 00:29:23.880
We did? We were He gave us a little to

557
00:29:23.920 --> 00:29:24.480
our little run.

558
00:29:24.519 --> 00:29:27.599
And you know what I learned about Boston, man? You

559
00:29:27.599 --> 00:29:29.720
you don't start the day till nine thirty there. Well,

560
00:29:29.759 --> 00:29:32.799
that's like these people, they wake up really late. I mean,

561
00:29:32.839 --> 00:29:35.240
I'm I'm up. I was doing like my six am running.

562
00:29:35.799 --> 00:29:36.759
The town's still sleeping.

563
00:29:36.839 --> 00:29:38.680
Yeah, but I mean the market's open at nine thirty.

564
00:29:38.680 --> 00:29:41.559
It's crazy. I had my shower done, I had I

565
00:29:42.000 --> 00:29:43.200
felt like I was up for four hours and it

566
00:29:43.240 --> 00:29:43.680
was eight thirty.

567
00:29:44.079 --> 00:29:47.400
Why the hours the difference. They're night people.

568
00:29:47.720 --> 00:29:49.920
Okay, you got to stay up to almost one o'clock

569
00:29:49.960 --> 00:29:50.920
in the morning sometimes.

570
00:29:50.720 --> 00:29:54.039
You're a West Coast football defended them, and I'm.

571
00:29:53.920 --> 00:29:56.640
Just telling you everything's late. The news here goes out

572
00:29:56.640 --> 00:29:58.279
at ten. Back there, it goes on at eleven.

573
00:29:58.400 --> 00:30:00.599
It's absolutely true. I lived there for six weeks when

574
00:30:00.599 --> 00:30:02.839
I was training. You know, the city that never sleeps.

575
00:30:03.240 --> 00:30:04.119
They don't get up either.

576
00:30:04.240 --> 00:30:06.119
They don't like it. I mean I told the waitress

577
00:30:06.359 --> 00:30:07.640
or they opened up at ten. I'm like, we were

578
00:30:07.680 --> 00:30:09.640
the first person that people in there. I'm like, Boston

579
00:30:09.680 --> 00:30:10.160
gets up late.

580
00:30:10.279 --> 00:30:10.440
Huh.

581
00:30:10.559 --> 00:30:12.599
She's like, well, we will get up at the same time.

582
00:30:12.839 --> 00:30:16.440
Yeah. Yeah, you've been on the East Coast sime zone,

583
00:30:16.480 --> 00:30:18.839
you know, it's like people, i.

584
00:30:18.799 --> 00:30:21.440
Mean, people get there like their workouts in before work,

585
00:30:21.480 --> 00:30:23.400
like you would go walk the river before work if

586
00:30:23.400 --> 00:30:25.240
we had a late that's the difference. It's flip for

587
00:30:25.279 --> 00:30:27.079
the people back east and watch it and then you

588
00:30:27.119 --> 00:30:29.359
go to bed at midnight rather than nine pm.

589
00:30:29.160 --> 00:30:30.920
Watching the U of A games at one o'clock in

590
00:30:30.920 --> 00:30:32.640
the morning.

591
00:30:32.960 --> 00:30:34.960
Yeah, I would remember that. Like in college, my games

592
00:30:34.960 --> 00:30:36.839
would be over. We would be at home at like

593
00:30:36.880 --> 00:30:39.079
one in the morning, and you've been going in a halftime.

594
00:30:40.240 --> 00:30:41.039
That's pretty crazy.

595
00:30:41.200 --> 00:30:43.839
Yeah. Absolutely a great week in the market though, and

596
00:30:44.359 --> 00:30:47.519
you know, you have to put things in perspective. It

597
00:30:47.640 --> 00:30:49.880
struck me over the last few weeks I've been hearing

598
00:30:49.920 --> 00:30:53.359
about how much money i've X, person is lost or

599
00:30:53.400 --> 00:30:56.279
why person has lost. I thought about this, So you

600
00:30:56.319 --> 00:30:59.000
put one hundred thousand dollars in the market in January

601
00:30:59.079 --> 00:31:02.799
of twenty twenty three. That one hundred thousand dollars grew

602
00:31:02.839 --> 00:31:06.039
to one hundred and fifty thousand dollars. It's now one

603
00:31:06.119 --> 00:31:08.880
hundred and forty thousand dollars. And all I hear is

604
00:31:08.920 --> 00:31:12.240
I've lost ten thousand, Have you lost ten thousand or

605
00:31:12.279 --> 00:31:13.759
are you up forty thousand.

606
00:31:14.319 --> 00:31:15.319
Oh, it's perspectively.

607
00:31:15.720 --> 00:31:16.519
It's all about.

608
00:31:16.319 --> 00:31:19.720
Perspective, and you know, the market has historically been the

609
00:31:19.759 --> 00:31:25.359
best wealth accumulator there is, but it comes with admission ticket,

610
00:31:25.359 --> 00:31:28.519
and the admission ticket is volatility and.

611
00:31:28.519 --> 00:31:30.799
Also maybe just time. Right if you don't even have

612
00:31:30.839 --> 00:31:32.200
to care about the volatility, as long as you give

613
00:31:32.200 --> 00:31:34.519
it time, we know there's always going to be a

614
00:31:34.519 --> 00:31:36.839
new all time high. You don't know exactly how soon

615
00:31:36.880 --> 00:31:38.720
it's going to happen, sure, but we know if you

616
00:31:38.759 --> 00:31:40.839
give it time and you have it, especially if you're young,

617
00:31:40.920 --> 00:31:42.559
you have any more than ten years. I don't think

618
00:31:42.599 --> 00:31:44.440
there's ever been a ten year period where you haven't

619
00:31:44.440 --> 00:31:45.480
had a new all time high.

620
00:31:45.839 --> 00:31:46.759
So here's the question.

621
00:31:48.119 --> 00:31:50.480
Do you think it's more risky to be in the

622
00:31:50.519 --> 00:31:53.000
market right now with more risky to be out of

623
00:31:53.000 --> 00:31:53.400
the bunket?

624
00:31:53.400 --> 00:31:54.200
It's a great question.

625
00:31:54.680 --> 00:31:56.720
I would say out of the market because you don't

626
00:31:56.799 --> 00:31:59.160
have the potential to grow with the growth if you're

627
00:31:59.200 --> 00:32:01.680
just completely out of the marketing cash, I mean, interest

628
00:32:01.720 --> 00:32:03.119
rates are going to go down, so you're just going

629
00:32:03.200 --> 00:32:05.599
to get less on your money markets. You're not going

630
00:32:05.680 --> 00:32:09.200
to have the wealth accumulation through the equity markets.

631
00:32:09.640 --> 00:32:12.599
So I think you're you're you'll look at more long

632
00:32:12.680 --> 00:32:15.960
term out and that's exactly a great answer. I'm looking

633
00:32:16.000 --> 00:32:19.240
for the next thirty to sixty days more risky to

634
00:32:19.279 --> 00:32:21.359
be in the market because this is where people's mind

635
00:32:21.440 --> 00:32:22.359
is out of the market.

636
00:32:22.559 --> 00:32:24.559
But realistically, how are you going to do? You saying

637
00:32:24.640 --> 00:32:25.720
just black and white like.

638
00:32:25.680 --> 00:32:27.559
I just I'm just asking a question.

639
00:32:27.720 --> 00:32:30.599
Answer, maybe maybe a better question. Need to clarify, just

640
00:32:30.640 --> 00:32:32.480
to kind of fine tune your question a little bit.

641
00:32:32.559 --> 00:32:34.759
Where's the market going to be on June thirtieth higher or.

642
00:32:34.799 --> 00:32:37.400
Lore No, that's not what I'm saying. This is what

643
00:32:37.440 --> 00:32:39.920
I'm saying. Okay, I'll answer my own questions, Okay, Okay,

644
00:32:40.279 --> 00:32:42.279
just trying to The risk is greater right now to

645
00:32:42.279 --> 00:32:45.640
be out of the market because all the tariffs, all

646
00:32:45.680 --> 00:32:49.799
the news, all the things about uh Powell, all the

647
00:32:49.839 --> 00:32:52.759
things about China, all the things about Russia, all the

648
00:32:52.799 --> 00:32:53.599
things about Iran.

649
00:32:53.920 --> 00:32:55.480
I'm kind of on the table right now.

650
00:32:55.720 --> 00:32:57.599
A few things could come up and knock us down

651
00:32:58.119 --> 00:33:03.359
two three, five. How Whoever, if the war stops in Russia,

652
00:33:03.400 --> 00:33:06.480
a deal is made in Iran, start talking with tariffs

653
00:33:06.480 --> 00:33:09.960
around the world, China comes to the table, where's the

654
00:33:10.000 --> 00:33:13.279
market will be back to new highs? Possibly? You needs

655
00:33:13.319 --> 00:33:15.960
six months from now, six weeks from now. Who knows,

656
00:33:16.240 --> 00:33:19.599
but we'll rocket ship out of there and you'll be sitting, Oh,

657
00:33:19.599 --> 00:33:20.519
how do I get back in?

658
00:33:20.519 --> 00:33:21.480
What am I supposed to do?

659
00:33:22.279 --> 00:33:24.240
Being out of the market right now, to me is

660
00:33:24.279 --> 00:33:27.400
more risky because of the news. This is the news

661
00:33:27.440 --> 00:33:30.960
related down move, the news related upmove.

662
00:33:31.039 --> 00:33:33.240
It is man made, it made, is a man made

663
00:33:33.279 --> 00:33:37.279
exactly Now, beat a little hedged here while you invested.

664
00:33:37.359 --> 00:33:38.920
Okay, I get that, all right.

665
00:33:39.079 --> 00:33:41.039
Maybe you not make one hundred percent of everything you

666
00:33:41.039 --> 00:33:43.039
want to do on the upside, but at least you'll

667
00:33:43.039 --> 00:33:45.880
make sixty seventy percent of what you want to make there.

668
00:33:45.920 --> 00:33:47.839
I like having a little bit more in treasure reason

669
00:33:48.119 --> 00:33:50.799
and to see and money market find a little bit more,

670
00:33:51.160 --> 00:33:52.119
be more comfortable with that.

671
00:33:52.240 --> 00:33:54.279
The structure ets so we've been talking about for the

672
00:33:54.359 --> 00:33:56.440
last few months, right being those that have one hundred

673
00:33:56.480 --> 00:33:59.559
percent downside protection. At least that gets you equity exposure.

674
00:34:00.039 --> 00:34:03.400
But the downside risk isn't there. Hypothetically, if those ets

675
00:34:03.519 --> 00:34:04.599
work as they should.

676
00:34:04.319 --> 00:34:06.640
And here's the best part of it, the liquid that's

677
00:34:06.440 --> 00:34:06.839
the yea.

678
00:34:06.960 --> 00:34:09.599
Even if if the market gets absolutely annihilated, so you

679
00:34:09.679 --> 00:34:11.800
might be down two percent while the market went down

680
00:34:11.880 --> 00:34:14.199
much further than that, you can sell those that didn't

681
00:34:14.199 --> 00:34:14.679
go back in.

682
00:34:14.639 --> 00:34:16.360
And be more aggressive to the other side.

683
00:34:16.559 --> 00:34:19.280
I think right now the whole thing about investing is

684
00:34:19.320 --> 00:34:26.880
being invested cautiously, too aggressively on the downside, cautiously to underinvested.

685
00:34:27.039 --> 00:34:29.239
If we keep moving up and get that a day

686
00:34:29.320 --> 00:34:30.960
or two of an explosion again.

687
00:34:30.719 --> 00:34:32.599
You definitely don't want to have just no cash right now.

688
00:34:32.719 --> 00:34:34.599
You want to have some need cash.

689
00:34:34.679 --> 00:34:36.559
But no, and it's not saying you may to be

690
00:34:36.599 --> 00:34:38.800
one hundred percent of the market right now. Uh, there

691
00:34:38.800 --> 00:34:41.000
should be something on the sideline because potentially we do

692
00:34:41.039 --> 00:34:42.880
have one more down move. I mean, we've talked about

693
00:34:42.880 --> 00:34:45.519
how we didn't get that third wave of we got

694
00:34:45.800 --> 00:34:49.199
a lower high this week, and so that's going to

695
00:34:49.239 --> 00:34:51.599
be an interesting thing. If we open again higher next

696
00:34:51.639 --> 00:34:53.840
week and maybe close higher, are we are we not

697
00:34:53.880 --> 00:34:56.599
going to see another return lower into the forty hundreds.

698
00:34:56.599 --> 00:34:56.760
You know?

699
00:34:56.920 --> 00:35:00.679
The only thing I can say, if you're uncomfortable more

700
00:35:00.719 --> 00:35:03.360
than you should be, then you don't have a plan.

701
00:35:04.360 --> 00:35:07.400
Because if you have a plan, then then you'll be

702
00:35:07.440 --> 00:35:09.679
able to go ahead and get through all this. If

703
00:35:09.719 --> 00:35:12.079
you're taking money out of your account and you have

704
00:35:12.159 --> 00:35:15.199
a plan that lasts the money for three, four, five

705
00:35:15.280 --> 00:35:17.400
years and you have that much time for the markets

706
00:35:17.400 --> 00:35:20.960
to come back. That's a plan. Something to go ahead

707
00:35:21.239 --> 00:35:24.559
and make you understand what to do. You do not

708
00:35:24.679 --> 00:35:27.840
have a plan, then you're just just going by the

709
00:35:27.840 --> 00:35:30.840
seat of your pants, and that's worse than actually going

710
00:35:30.840 --> 00:35:33.679
ahead and saying, Okay, I get this, this makes sense.

711
00:35:33.880 --> 00:35:34.840
This is what I'm going to do.

712
00:35:34.920 --> 00:35:37.239
You have a plan, and you have a plan to

713
00:35:37.280 --> 00:35:40.320
do something, We'll be right back you, guys are great

714
00:35:40.719 --> 00:35:43.000
listening to having you guys listen and be part of

715
00:35:43.039 --> 00:35:45.119
it and coming in and letting us try to help

716
00:35:45.159 --> 00:35:47.960
you is what we love to do. So give us

717
00:35:47.960 --> 00:35:49.400
a call if you need some help. We'll be right

718
00:35:49.400 --> 00:35:51.159
back to This is the Moneymatter Show. Thank you for

719
00:35:51.239 --> 00:35:52.199
calling listening.

720
00:35:53.679 --> 00:35:55.880
Welcome back to the Money Matter Show. I'm doing Greenberg

721
00:35:55.920 --> 00:35:59.480
here with Dean Greenberg, Dave Sherwood, Sebastian Borsini, and Todd Glick.

722
00:35:59.599 --> 00:36:02.519
Week in the markets for everybody that's just tuning in,

723
00:36:02.840 --> 00:36:04.360
the Dow was up to nine percent, the S and

724
00:36:04.400 --> 00:36:07.039
P five hundred was up four point six, the Nasdaq

725
00:36:07.119 --> 00:36:09.039
was up six point seven, the Russell two thousand was

726
00:36:09.119 --> 00:36:11.639
up four and the RSP, which is equal weighted was

727
00:36:11.719 --> 00:36:14.039
up two point nine percent, So we had a good

728
00:36:14.039 --> 00:36:16.239
week all around. I mean, as you can see, tech

729
00:36:16.400 --> 00:36:18.679
was making us come back. Is down quite a bit though,

730
00:36:18.719 --> 00:36:19.920
so it had a lot to come back, and those

731
00:36:19.960 --> 00:36:21.639
are the ones that moved the most. So when you're

732
00:36:21.679 --> 00:36:24.639
exposed to those in volatility like this, if it's making

733
00:36:24.639 --> 00:36:27.079
you really nervous, it's something you should probably talk about

734
00:36:27.360 --> 00:36:29.039
and see if you should get more conservative.

735
00:36:29.280 --> 00:36:33.559
Naszak can positives now gone positive for the month. It's unbelievable.

736
00:36:33.679 --> 00:36:34.320
It is crazy.

737
00:36:34.360 --> 00:36:35.639
It's positive for the month.

738
00:36:36.320 --> 00:36:36.840
Buy a lot.

739
00:36:36.920 --> 00:36:40.639
It's crazy half a percent. I mean it's well, it's.

740
00:36:40.480 --> 00:36:41.920
The only one positive for the month too. It's the

741
00:36:41.920 --> 00:36:43.119
only major industry.

742
00:36:42.800 --> 00:36:44.920
No it is. It's the only major industry just positive

743
00:36:44.920 --> 00:36:48.119
for the month. It's also the second worst performing index

744
00:36:48.239 --> 00:36:50.440
a year, so it has the most to catch up.

745
00:36:50.960 --> 00:36:53.960
One thing I've noticed that that's an absolute. You know,

746
00:36:53.960 --> 00:36:56.000
when they when Trump started talking about the rush, he

747
00:36:56.000 --> 00:36:58.159
says it's going to mean higher prices. It is going

748
00:36:58.159 --> 00:37:00.320
to mean higher prices. Prices are going up.

749
00:37:00.639 --> 00:37:02.000
I don't know if it's going to how much that's

750
00:37:02.000 --> 00:37:04.159
going to affect people, because it's not going to go

751
00:37:04.239 --> 00:37:06.719
up twenty five percent, fifty percent. It's going to go

752
00:37:06.760 --> 00:37:08.920
up a little bit, just like we had before, But

753
00:37:08.960 --> 00:37:11.159
can we handle ten percent higher. Remember there's a lot

754
00:37:11.199 --> 00:37:14.000
of absorption in some things, and honestly, none of us

755
00:37:14.000 --> 00:37:15.880
really know exactly how much it's going to go up.

756
00:37:16.079 --> 00:37:18.119
If people want to gouge us, people are gonna say,

757
00:37:18.119 --> 00:37:18.840
I'm not buying that.

758
00:37:19.000 --> 00:37:20.000
It's going to be that simple.

759
00:37:20.119 --> 00:37:22.440
Also, there is, at the end of the day, economic

760
00:37:22.599 --> 00:37:24.239
is supply and demand. I mean, if they want to

761
00:37:24.280 --> 00:37:26.440
increase prices and then all of a sudden demand gets

762
00:37:26.480 --> 00:37:28.119
curred because of that, well they're not going to lower

763
00:37:28.159 --> 00:37:30.119
prices again, I mean, there is, They're a business man

764
00:37:30.119 --> 00:37:30.719
at the end of the day.

765
00:37:30.760 --> 00:37:33.320
And when we saw covid is, demand continued to be strong,

766
00:37:33.400 --> 00:37:35.920
and so they didn't have to continue to be strong now.

767
00:37:35.719 --> 00:37:37.159
And that's the question, because if all of a sudden

768
00:37:37.159 --> 00:37:39.400
demand doesn't continue to be strong, they're going to have

769
00:37:39.440 --> 00:37:40.159
to lower prices.

770
00:37:40.280 --> 00:37:42.000
The other side of that time, and we talked about

771
00:37:42.000 --> 00:37:45.119
this last week, is one the two biggest components in

772
00:37:45.159 --> 00:37:49.639
the CPI are housing and energy, and both of those

773
00:37:49.719 --> 00:37:51.480
are weak.

774
00:37:51.679 --> 00:37:54.519
They're both deflationary pressures. Right now on that CPA, you.

775
00:37:54.519 --> 00:37:57.480
Can see prices increase everywhere and have it not show

776
00:37:57.559 --> 00:38:01.039
up in the CPI because of those two components dragging

777
00:38:01.079 --> 00:38:01.400
it down.

778
00:38:01.559 --> 00:38:04.280
Well, if you remember, before you even got elected, one

779
00:38:04.320 --> 00:38:07.840
of the things he kept talking about energy prices are

780
00:38:07.880 --> 00:38:10.039
too high, and he says, drill, baby drill. He doesn't

781
00:38:10.039 --> 00:38:12.320
even have to drill yet. And energy privice is coming

782
00:38:12.360 --> 00:38:15.159
down a lot because the Middle East has been pumping

783
00:38:15.159 --> 00:38:17.559
out a lot more. You know, everyone said, oh, there's

784
00:38:17.559 --> 00:38:20.000
everyone's slowing down. I don't see the slow down that

785
00:38:20.039 --> 00:38:23.480
they're worried about. That's making oil prices come down. Its

786
00:38:23.519 --> 00:38:27.079
supply and demand. We have a much bigger supply coming

787
00:38:27.119 --> 00:38:29.599
out from everywhere in the world, especially if we get

788
00:38:29.639 --> 00:38:32.239
a deal with Russia here, then the oil's on there

789
00:38:32.480 --> 00:38:36.079
and everything's going from there. Prices come down. Obviously, it's

790
00:38:36.079 --> 00:38:38.519
not good for the oil companies, which should make everybody

791
00:38:38.719 --> 00:38:41.320
that doesn't like big business, big corporations happy.

792
00:38:41.719 --> 00:38:44.719
Okay, but that's what's gonna happen.

793
00:38:44.960 --> 00:38:47.480
Yeah, I saw an oil executive saying We're not gonna drill,

794
00:38:47.519 --> 00:38:50.360
baby drill with sixty dollars oil. It just makes no sense.

795
00:38:50.639 --> 00:38:53.159
So that's probably not gonna happen.

796
00:38:52.920 --> 00:38:54.519
Because they wanted to go the other way. But here's

797
00:38:54.519 --> 00:38:56.599
a problem. Of course, they will drill. They will as

798
00:38:56.639 --> 00:38:59.840
long as they can make something, they will because what

799
00:39:00.039 --> 00:39:02.440
it'll be is how much more colde can we absorb?

800
00:39:03.039 --> 00:39:06.719
Get there, because ten cents on a million a million

801
00:39:06.760 --> 00:39:11.199
gallons is better, is better than twenty cents on a

802
00:39:11.199 --> 00:39:12.440
one hundred thousand gallons.

803
00:39:12.559 --> 00:39:14.639
As we've been talking as well, you get some trade bills,

804
00:39:15.079 --> 00:39:16.199
all of a sudden, oil is going to go a

805
00:39:16.239 --> 00:39:19.199
little higher, right, just all the response to that US

806
00:39:19.280 --> 00:39:21.719
and China, all of a sudden it come to some negotiation,

807
00:39:22.280 --> 00:39:24.320
oil can easily get back to sixty five, you know,

808
00:39:24.360 --> 00:39:26.920
seventy bucks. Because a lot of this is like like

809
00:39:26.920 --> 00:39:29.239
we're talking about, it's a tariff tantrum. It's the idea

810
00:39:29.239 --> 00:39:32.320
of what we're hypothecating. Things are going to be good, creating.

811
00:39:32.360 --> 00:39:36.719
Wet that for weeks. Yeah, we've been I will take

812
00:39:36.760 --> 00:39:39.280
credit for that. We can take So let's talk.

813
00:39:39.480 --> 00:39:41.000
They'll get the gold soft a day, please.

814
00:39:42.880 --> 00:39:45.679
I already gave it to myself.

815
00:39:46.960 --> 00:39:49.199
A lot of it's man made, and the idea that

816
00:39:49.239 --> 00:39:51.719
we actually have to see this in the numbers before

817
00:39:51.760 --> 00:39:54.960
we are we prove it and earnings, like we said

818
00:39:55.000 --> 00:39:56.599
it didn't really matter for quarter one. We knew they

819
00:39:56.599 --> 00:39:58.440
were going to be good. It was a guidance. And

820
00:39:58.440 --> 00:40:01.840
we haven't really heard any tear terrible guidance, but nothing

821
00:40:01.960 --> 00:40:02.840
really great either.

822
00:40:03.079 --> 00:40:05.239
It's it's all. I think it's tod It's all been

823
00:40:05.800 --> 00:40:11.639
reasonably uninspiring, the guidance, right, there's been nobody says yeah,

824
00:40:11.639 --> 00:40:13.119
I think, well, I shouldn't say nobody, because there have

825
00:40:13.159 --> 00:40:15.000
been a few of this day. Yeah, things are going

826
00:40:15.039 --> 00:40:17.599
along really good, and you know, we're we're pretty excited

827
00:40:17.639 --> 00:40:18.239
about the future.

828
00:40:18.559 --> 00:40:19.719
Netflix is one of those.

829
00:40:19.800 --> 00:40:21.039
Netflix is one for sure.

830
00:40:21.239 --> 00:40:25.760
Netflix really really strong. And you know, even Tesla somehow

831
00:40:25.920 --> 00:40:29.119
is able to jump on their earnings when it seemed

832
00:40:29.119 --> 00:40:31.119
like they had the lowest profit margin in the history

833
00:40:31.119 --> 00:40:31.639
of their company.

834
00:40:31.760 --> 00:40:35.239
ESCU, they said, going back to work Elon getting to

835
00:40:35.239 --> 00:40:37.000
get him out. We need to get him out of Washington.

836
00:40:37.079 --> 00:40:37.599
That's for sure.

837
00:40:37.719 --> 00:40:39.119
Why I think he's doing a great job.

838
00:40:39.440 --> 00:40:40.920
We don't know what kind of job he's doing. We

839
00:40:40.920 --> 00:40:42.920
think he's doing a great job. We hope somebody's certainly

840
00:40:43.000 --> 00:40:45.199
killing his company. And uh, and that's that.

841
00:40:45.320 --> 00:40:47.440
I think you are investors killing his company or is

842
00:40:47.480 --> 00:40:48.159
he killing his company?

843
00:40:48.199 --> 00:40:50.599
He's not killing the company because just because he actually

844
00:40:50.719 --> 00:40:51.880
runs a company day to day.

845
00:40:52.079 --> 00:40:55.320
No, no, no, his his antics have been had been

846
00:40:55.400 --> 00:40:56.360
hurting his company.

847
00:40:56.480 --> 00:40:58.639
Why because it's another side that used to love him

848
00:40:58.639 --> 00:40:59.840
in his cause and now they're going there And I

849
00:40:59.840 --> 00:41:00.960
got a great story after that.

850
00:41:01.079 --> 00:41:03.039
But I agree with Dave, like, regardless of what you feel,

851
00:41:03.039 --> 00:41:04.960
people are selling out a Tesla stock because of what

852
00:41:05.000 --> 00:41:05.519
he's been doing the.

853
00:41:05.519 --> 00:41:08.280
Last time, vandalizing Tesla's and blowing a tessel dealerships.

854
00:41:08.280 --> 00:41:10.159
I mean the same thing happened when he spoke weed

855
00:41:10.199 --> 00:41:12.719
on Joe Rogan a couple of years ago. Stock tanked

856
00:41:12.760 --> 00:41:14.320
like fifteen percent in two days.

857
00:41:14.559 --> 00:41:15.239
You know, it's interesting.

858
00:41:15.599 --> 00:41:17.679
I mean, he's not doing a good job. That's that's all.

859
00:41:18.079 --> 00:41:20.039
That's what I'm saying with Regossel. You believe people are

860
00:41:20.079 --> 00:41:21.840
selling because of what he's doing in Washington.

861
00:41:22.239 --> 00:41:25.360
Humans are really easily manipulated by headlines, and that's what

862
00:41:25.360 --> 00:41:27.719
we're seeing in this market on many many stocks and

863
00:41:27.960 --> 00:41:28.960
just the market as a whole.

864
00:41:29.760 --> 00:41:33.400
The TESSELA did open quite a bit lower seven percent

865
00:41:33.480 --> 00:41:37.320
lower on Monday on that Ernings report that do you

866
00:41:37.360 --> 00:41:41.320
mention Barclay's cut the price target. I'm started confusing visibility

867
00:41:41.360 --> 00:41:42.800
right and then they came out I shouldn't say they

868
00:41:42.840 --> 00:41:45.280
came out on Tuesday with the earnings, and they were dismal.

869
00:41:45.840 --> 00:41:48.719
Auto revenue down twenty percent a year over year, net

870
00:41:48.760 --> 00:41:52.960
income thirty percent below what was expected, but the stock

871
00:41:53.280 --> 00:41:56.880
already fifty percent. Bulls Eye responded by moving eight percent higher.

872
00:41:57.119 --> 00:41:58.719
Is that the first time you've ever seen the stock

873
00:41:58.760 --> 00:42:00.159
move high on bad earnings?

874
00:42:00.360 --> 00:42:02.719
Like, no, but really really bad earnings. You don't see

875
00:42:02.719 --> 00:42:02.960
that all.

876
00:42:03.000 --> 00:42:05.400
They were really bad, and you know things are not

877
00:42:05.559 --> 00:42:07.840
going real well for the company right now, so I

878
00:42:08.400 --> 00:42:10.079
was surprised to see it up seventeen percent.

879
00:42:10.400 --> 00:42:12.480
I think what the investors liked is they didn't push

880
00:42:12.559 --> 00:42:14.599
back the robo taxi. They said they were still coming

881
00:42:14.599 --> 00:42:16.360
out in June, and that was a really big deal.

882
00:42:16.360 --> 00:42:19.000
And I don't think they pushed back the really cheap

883
00:42:19.119 --> 00:42:21.199
car that they're coming out with in September or something.

884
00:42:21.239 --> 00:42:21.360
Well.

885
00:42:21.360 --> 00:42:23.760
I think something Dean hinted at just a minute ago

886
00:42:24.320 --> 00:42:27.239
was when I first leased my Tesla, my right wing

887
00:42:27.280 --> 00:42:30.119
friends were going, what's up with this? Why would you

888
00:42:30.199 --> 00:42:33.119
do this? Now they're all out there buying Teslas so

889
00:42:33.239 --> 00:42:35.679
support Musk right, I'm wondering if this is just a

890
00:42:35.800 --> 00:42:39.400
marketing ploy a brilliant marketing ploye on the part of Musk.

891
00:42:39.440 --> 00:42:41.519
He's smarter than the rest of us, right, so maybe

892
00:42:41.519 --> 00:42:43.599
this is just his marketing eploye. He's going to support

893
00:42:43.639 --> 00:42:46.239
Trump and get all their Trumpsters to go buy Tesla's

894
00:42:46.760 --> 00:42:48.599
because all the tree huggers have already got him.

895
00:42:48.719 --> 00:42:51.559
All right, So now Tesla, I do have a great

896
00:42:51.559 --> 00:42:56.559
story for you with Tesla. Okay, the other night, my

897
00:42:56.599 --> 00:43:02.840
wife and I and another couple dinner at common On Yep,

898
00:43:03.000 --> 00:43:04.760
great place by the way, if you haven't been there,

899
00:43:04.800 --> 00:43:06.000
it's a good place.

900
00:43:07.239 --> 00:43:10.360
And while walking out and there's all there's four of us,

901
00:43:10.400 --> 00:43:12.000
there's a lot of us, and we.

902
00:43:11.920 --> 00:43:13.719
Make it around the corner and here comes this guy

903
00:43:13.800 --> 00:43:16.760
running out of the restaurant. I had no idea what

904
00:43:16.800 --> 00:43:20.119
he wanted, okay, yelling can I talk to you?

905
00:43:20.199 --> 00:43:22.280
Can I talk to you? I thought it was Hey,

906
00:43:22.280 --> 00:43:24.360
did I not leave a big enough tip? Is it something?

907
00:43:24.400 --> 00:43:24.559
Well?

908
00:43:24.679 --> 00:43:25.639
What's going on? Right?

909
00:43:26.360 --> 00:43:28.840
I go, yeah, Well, I said, how can I help you?

910
00:43:29.320 --> 00:43:35.559
He goes, should I buy or sell Tesla? God? I said, okay,

911
00:43:35.840 --> 00:43:38.440
I said, what's making you think that? He said, well,

912
00:43:38.440 --> 00:43:39.880
I listen to you all the time, and I like,

913
00:43:39.920 --> 00:43:41.800
what you have to say, and I like it. I

914
00:43:41.840 --> 00:43:44.800
want to know what your opinion is on Tesla. I said, well,

915
00:43:45.480 --> 00:43:48.960
straight up, I would buy it. This was our last

916
00:43:48.960 --> 00:43:51.880
Tuesday or something. Goes, why, I said, because it's not

917
00:43:51.960 --> 00:43:54.719
just about the car. It's about the company, It's about

918
00:43:54.760 --> 00:43:57.239
what they do. It's about one of the most brilliant

919
00:43:57.280 --> 00:44:00.599
men in the world that we know going on in

920
00:44:00.639 --> 00:44:03.440
our lifetime, and all the things that can come from this,

921
00:44:03.639 --> 00:44:05.480
and some of the things we don't know. That stock

922
00:44:05.519 --> 00:44:07.719
could be four or five hundred dollars seven eight years

923
00:44:07.719 --> 00:44:09.719
from now, maybe sooner, who knows.

924
00:44:09.960 --> 00:44:13.559
Okay. He goes, okay, I go on. He goes, well,

925
00:44:14.039 --> 00:44:14.480
I don't know.

926
00:44:14.559 --> 00:44:17.199
I's just just thinking about all this stuff and all

927
00:44:17.440 --> 00:44:19.760
and said, what does He said, Well, I think you

928
00:44:19.800 --> 00:44:21.719
can tell by the way I'm acting. I'm on the

929
00:44:21.760 --> 00:44:24.760
other side of you, the other side.

930
00:44:24.840 --> 00:44:25.400
Yeah, okay.

931
00:44:25.480 --> 00:44:28.239
I said, well, that's okay, that's fair. I said, So

932
00:44:28.280 --> 00:44:32.400
I have a question for you. I said, what the

933
00:44:32.440 --> 00:44:35.760
hell is wrong with you and your people? He goes,

934
00:44:35.800 --> 00:44:38.639
what do you mean? I go, here, you are asking

935
00:44:38.679 --> 00:44:41.559
me about Tesla. A year and a half, two years ago,

936
00:44:41.719 --> 00:44:46.280
your whole administration just wanted ev cards mandated ev cards,

937
00:44:46.440 --> 00:44:47.920
Tesla's the best in the world.

938
00:44:48.000 --> 00:44:50.119
Go get Tesla's. I'm going to give you.

939
00:44:50.000 --> 00:44:52.800
A write a tax credit if you go buy Tesla's

940
00:44:52.840 --> 00:44:55.360
another EV's, and now.

941
00:44:55.280 --> 00:44:59.519
You're destroying them. You're just because of what reason? Where

942
00:44:59.519 --> 00:45:00.360
did you change?

943
00:45:00.360 --> 00:45:00.440
What?

944
00:45:00.760 --> 00:45:02.760
Where in common sense? Does that make sense?

945
00:45:03.760 --> 00:45:07.000
And he goes, I don't know. I said, well, why

946
00:45:07.039 --> 00:45:10.519
don't you you out here asking me should I buy Tesla? Well,

947
00:45:10.559 --> 00:45:15.079
you guys are destroying Tesla n okay, So I said,

948
00:45:15.079 --> 00:45:16.480
why do you want to even buy it? I told

949
00:45:16.519 --> 00:45:19.239
you that, He says, because I want to make money.

950
00:45:19.440 --> 00:45:20.599
I said, that's another.

951
00:45:20.360 --> 00:45:21.519
Question I have for you.

952
00:45:21.599 --> 00:45:24.320
Why are you ripping everyone that makes money, but yet

953
00:45:24.360 --> 00:45:25.320
you want to make money?

954
00:45:25.679 --> 00:45:29.559
You guys are selfish. Open up your eyes and come

955
00:45:29.639 --> 00:45:34.920
vote Republican. He laughed. I laughed, and we walked away.

956
00:45:35.079 --> 00:45:36.679
Yeah, that's a good story. I like that.

957
00:45:36.880 --> 00:45:38.679
I like that, But could you I don't know what

958
00:45:38.679 --> 00:45:41.400
he was doing running out of a restaurant. He was

959
00:45:41.400 --> 00:45:42.599
pissed off at me or something.

960
00:45:42.519 --> 00:45:44.199
A little unusual? A little unusual.

961
00:45:44.599 --> 00:45:44.760
Uh.

962
00:45:44.840 --> 00:45:47.719
China five percent higher on the weeks, steal five percent

963
00:45:47.800 --> 00:45:50.199
lower on the month, so it's not performing in line

964
00:45:50.199 --> 00:45:52.280
with the Nasdak. Of course it was up what twenty

965
00:45:52.519 --> 00:45:56.480
percent for the year, coming well down a buck seventy

966
00:45:56.519 --> 00:45:58.880
to sixty three dollars. Gold actually had a down week,

967
00:45:59.400 --> 00:46:01.880
write it down thirty six dollars, finished at thirty two

968
00:46:01.960 --> 00:46:04.679
seventy two bitcoin. Yeah, that bitcoin.

969
00:46:04.960 --> 00:46:07.199
I was saying, gold, gold looks really interesting, Like, look

970
00:46:07.320 --> 00:46:08.400
is this looks like a blowout?

971
00:46:08.440 --> 00:46:09.559
He's acting really weird.

972
00:46:09.639 --> 00:46:13.000
I would not. I've been hearing too many people saying,

973
00:46:13.039 --> 00:46:15.840
let's buy gold here. Yeah, you know this when I

974
00:46:15.880 --> 00:46:17.880
haven't seen the line. When the shoe shine, that's what

975
00:46:18.000 --> 00:46:20.199
usually is the time, because they want the room.

976
00:46:20.519 --> 00:46:23.280
That's true, that's fair. Yeah, when they're out there. And

977
00:46:23.320 --> 00:46:25.400
I always always kind of wonder if if the gold

978
00:46:25.480 --> 00:46:28.159
is such a spectacular investment, why do they want to

979
00:46:28.199 --> 00:46:29.840
sell you their gold?

980
00:46:30.960 --> 00:46:33.400
Hey, before we get to the bottom of the hour,

981
00:46:33.440 --> 00:46:34.679
at the top of the hour where we have to

982
00:46:34.679 --> 00:46:37.559
make a heart break. I mean, obviously we all do

983
00:46:37.639 --> 00:46:39.840
this to help people, but I want to I want

984
00:46:39.840 --> 00:46:42.559
to give two kudos to to the of employees right now.

985
00:46:43.039 --> 00:46:45.440
I mean, Todd going ahead and doing everything you've done

986
00:46:45.480 --> 00:46:47.679
and worked so hard, and now it was actually done.

987
00:46:47.719 --> 00:46:50.199
The Boston marathon. Now we've all grown up with knowing

988
00:46:50.280 --> 00:46:52.840
the Boston Marathon, and that's just one of all the

989
00:46:52.880 --> 00:46:54.679
rest that you're going to do these major ones.

990
00:46:54.960 --> 00:46:58.400
I'm telling you that, I'm very proud of you. Thank you, Dylan.

991
00:46:59.440 --> 00:47:02.320
I'm so proud to you too, going ahead and working

992
00:47:02.599 --> 00:47:07.400
your butt off and getting that a CFP. Okay, now

993
00:47:07.639 --> 00:47:10.400
we can actually go ahead and say we have a

994
00:47:10.400 --> 00:47:13.679
CFP here, and you are going to be the head

995
00:47:13.719 --> 00:47:15.519
of it, and then soon Todd's gonna get one, and

996
00:47:15.519 --> 00:47:19.760
then and then Sebastian, Dave, you and I don't need it.

997
00:47:19.800 --> 00:47:23.679
With dinosaurs, I experienced more than anything else.

998
00:47:23.719 --> 00:47:25.960
We got certified financial planners working for us.

999
00:47:26.039 --> 00:47:26.840
Yeah, it's great.

1000
00:47:26.920 --> 00:47:30.239
I'll take fantastic congratulations to both of you. You you

1001
00:47:30.280 --> 00:47:33.199
represent Greenberg Financial Group the way I want you to,

1002
00:47:33.400 --> 00:47:35.239
and you're going to go a long way, both of you.

1003
00:47:35.719 --> 00:47:38.000
I'll be right back. It's the Money Matter Show. Thank

1004
00:47:38.000 --> 00:47:38.639
you for listening.

1005
00:47:39.039 --> 00:47:40.800
Welcome back to the Money Matter Show. My name is

1006
00:47:40.800 --> 00:47:43.320
Sebastian Bors. Sing him here with David Sherwood, Dylan Greenberg,

1007
00:47:43.360 --> 00:47:46.079
and Todd Glick Junior give a quick rundown of the numbers.

1008
00:47:46.079 --> 00:47:48.199
This week, the Dow was up two and a half percent,

1009
00:47:48.239 --> 00:47:50.239
the S and P five hundred was up four point

1010
00:47:50.320 --> 00:47:53.199
six percent. Now is that Composite was up six point

1011
00:47:53.199 --> 00:47:56.400
seven percent, Russell two thousand small caps was up four percent,

1012
00:47:56.880 --> 00:47:58.679
and the equal weight to S and P five hundred

1013
00:47:58.719 --> 00:48:02.360
was up two point nine percent. A crazy, crazy week,

1014
00:48:02.840 --> 00:48:05.400
up down, down, up, down and then straight up.

1015
00:48:05.480 --> 00:48:07.440
H yeah, down and then straight up I mean eight

1016
00:48:07.519 --> 00:48:09.800
percent rally off of the Monday low.

1017
00:48:10.360 --> 00:48:12.440
And we were talking about earlier this week how Trump

1018
00:48:12.559 --> 00:48:15.760
really should he feels probably he likes.

1019
00:48:15.599 --> 00:48:19.480
This, right, he likes his egos. Got to just love

1020
00:48:19.559 --> 00:48:21.280
this being able to say a couple of words and

1021
00:48:21.320 --> 00:48:23.880
move the market up, move it down, whatever, you know.

1022
00:48:24.519 --> 00:48:27.119
He's yeah, he does it a lot. It's given a

1023
00:48:27.159 --> 00:48:28.079
little much this month.

1024
00:48:29.920 --> 00:48:34.920
Yeah's. And the quiet pretty much the end of the

1025
00:48:34.920 --> 00:48:37.440
week rally was because he was relatively quiet.

1026
00:48:38.280 --> 00:48:40.760
I mean, we have heard from people, clients a lot

1027
00:48:40.800 --> 00:48:43.079
where they come in and find his planning. They don't

1028
00:48:43.199 --> 00:48:45.920
like the uncertainty of how you know, wake up in

1029
00:48:45.960 --> 00:48:49.119
the morning and he could say something, and they're very

1030
00:48:49.159 --> 00:48:52.000
short term oriented, thinking that one thing he says might

1031
00:48:52.599 --> 00:48:55.239
blow everything up. And sure, you know, a president has

1032
00:48:55.280 --> 00:48:57.159
a lot of power, but at the end of the day,

1033
00:48:57.159 --> 00:48:59.639
we have checks and balances for a reason, we'd have

1034
00:48:59.679 --> 00:49:02.760
a system. We have a legislative system that keeps in

1035
00:49:02.840 --> 00:49:06.519
check the executive branch. Let's not forget that he's not

1036
00:49:06.559 --> 00:49:09.280
going to take away Social Security. Sol Security. If it fails,

1037
00:49:09.280 --> 00:49:11.719
it will fail on itself. It's not because of any

1038
00:49:11.800 --> 00:49:14.039
other president. It's because it's a flawed system in general.

1039
00:49:14.360 --> 00:49:16.599
You don't have as many people being born as people

1040
00:49:17.199 --> 00:49:19.320
that were working in the baby boomer generation.

1041
00:49:19.440 --> 00:49:21.599
Figure what the last five presidents were the ones that's

1042
00:49:21.800 --> 00:49:23.800
going to make it go defunct Social Security?

1043
00:49:24.159 --> 00:49:24.400
Yeah?

1044
00:49:24.599 --> 00:49:25.199
You can.

1045
00:49:25.320 --> 00:49:28.760
Also, if you're a publican president, you're going to lower

1046
00:49:28.800 --> 00:49:31.800
taxes for the rich and increase it for the poor.

1047
00:49:31.960 --> 00:49:34.000
If you're blue, you're going to make all the taxes

1048
00:49:34.000 --> 00:49:36.360
for corporations higher. And it's going to hurt America. No

1049
00:49:36.400 --> 00:49:39.599
matter what, it's always a bad scenario for growth. What

1050
00:49:39.719 --> 00:49:42.079
have we continued to do over the last fifty years

1051
00:49:42.079 --> 00:49:44.280
and even more two hundred and fifty years of our country.

1052
00:49:44.400 --> 00:49:47.679
We've continued to grow. Have we had glimpse on the radar? Absolutely?

1053
00:49:48.159 --> 00:49:51.000
But in terms of the financial plan, why it's so

1054
00:49:51.039 --> 00:49:53.679
important is you're not looking at one day's events.

1055
00:49:54.599 --> 00:49:56.880
I think one of the things that do you have

1056
00:49:56.960 --> 00:49:59.199
to have when you have that level of power, is

1057
00:49:59.280 --> 00:50:01.000
you have to have a little bit of self control

1058
00:50:01.880 --> 00:50:04.360
with your you know, because you do have that power.

1059
00:50:04.599 --> 00:50:07.760
You see that with Powell in spades. I mean, he's

1060
00:50:07.840 --> 00:50:11.760
just very careful not to ever say something that can

1061
00:50:11.800 --> 00:50:15.840
be taken wrong. Trump doesn't care, and he just says

1062
00:50:15.840 --> 00:50:18.719
whatever is on his mind. And and sometimes you look

1063
00:50:18.760 --> 00:50:19.800
at it and go seriously.

1064
00:50:20.119 --> 00:50:24.480
But sometimes when you're not always the professional and how

1065
00:50:24.519 --> 00:50:26.960
everything has always been done, you get better results too.

1066
00:50:27.239 --> 00:50:29.800
Oh I'm not saying it's not we knew the patient

1067
00:50:29.880 --> 00:50:32.920
needed surgery. I'm not sure we needed to use a chainsaw,

1068
00:50:33.800 --> 00:50:35.440
you know, I mean I think probably could have done

1069
00:50:35.480 --> 00:50:38.400
with a scalpel. And there's this quiet over the last

1070
00:50:38.480 --> 00:50:42.119
three or four days where the trade talk, the negotiating

1071
00:50:42.199 --> 00:50:44.599
is still going on. It could have been done that way.

1072
00:50:44.639 --> 00:50:46.880
It didn't have to be thrown out there, and you know,

1073
00:50:46.960 --> 00:50:48.280
pie in the face kind of thing.

1074
00:50:48.360 --> 00:50:50.119
You know, what scares me a little bit how many

1075
00:50:50.159 --> 00:50:52.679
times Trump has told us that he's been talking to China.

1076
00:50:53.199 --> 00:50:54.400
You know, that's a little bit concerned.

1077
00:50:54.480 --> 00:50:55.440
It kind of said never.

1078
00:50:55.800 --> 00:50:58.039
Yeah, It's like, who's lying. It's we were talking about

1079
00:50:58.079 --> 00:51:00.559
that earlier. Is this who's lying? Trump's says that they're

1080
00:51:00.599 --> 00:51:02.920
in the middle of a negotiation and China says, we

1081
00:51:02.960 --> 00:51:04.320
have no negotiations going on.

1082
00:51:04.360 --> 00:51:06.199
Well, I don't even want to hear that they've been talking.

1083
00:51:06.239 --> 00:51:07.719
I just want to hear the outcome of it. Right,

1084
00:51:07.800 --> 00:51:10.079
Stop telling me that you all right, it's after day.

1085
00:51:10.199 --> 00:51:12.800
I'm doing my job, got it? Why you need to

1086
00:51:12.840 --> 00:51:14.760
tell me you're doing your job now? I'm questioning if

1087
00:51:14.800 --> 00:51:16.519
you're actually doing your job because I just assumed you

1088
00:51:16.519 --> 00:51:18.679
were doing your job, and now how you're trying to

1089
00:51:18.719 --> 00:51:19.719
proprove to me you do your job.

1090
00:51:19.800 --> 00:51:21.880
Ultimately, back to what you were saying, Todd, I think

1091
00:51:21.920 --> 00:51:23.800
that's one of the biggest value adds of hiring an

1092
00:51:23.800 --> 00:51:26.199
advisor is we don't trade on headlines.

1093
00:51:26.360 --> 00:51:26.519
Right.

1094
00:51:26.679 --> 00:51:29.280
It's you should be able to take the emotion out

1095
00:51:29.320 --> 00:51:31.400
and seeing a big scary headline about a Trump tweet

1096
00:51:31.400 --> 00:51:34.320
on or a Trump message on truth social and you

1097
00:51:34.360 --> 00:51:36.400
decide to pull out of the market, Well, that would

1098
00:51:36.440 --> 00:51:37.960
have really sucked had you pull out of the market

1099
00:51:37.960 --> 00:51:38.400
on Monday.

1100
00:51:38.440 --> 00:51:40.440
I think a perfect example is when the market truly

1101
00:51:40.519 --> 00:51:42.800
dropped a big, big time, and I think it was

1102
00:51:42.840 --> 00:51:46.840
like March eighth, or something. It went all the way

1103
00:51:46.840 --> 00:51:49.320
down to like forty eight hundred. That's when we bit

1104
00:51:49.639 --> 00:51:53.039
a big block and bought QQQ and the spy and

1105
00:51:53.079 --> 00:51:54.480
then I think it was two days later and he

1106
00:51:54.519 --> 00:51:56.400
puts that tweet out. Did we know he was going

1107
00:51:56.440 --> 00:51:58.360
to do the tweet? No, absolutely not. That's not why

1108
00:51:58.400 --> 00:51:59.679
we did it. We did it because it was a

1109
00:51:59.719 --> 00:52:01.440
perfect time to buy.

1110
00:52:01.519 --> 00:52:01.599
It.

1111
00:52:01.679 --> 00:52:04.440
Were more than fifteen percent off the highs. We were

1112
00:52:04.480 --> 00:52:06.440
waiting for an opportunity like this. We had sold our

1113
00:52:06.519 --> 00:52:08.880
sds earlier, so we had extra cash to put that

1114
00:52:08.960 --> 00:52:11.840
to work at a lower value. And it's not driven

1115
00:52:11.840 --> 00:52:14.400
on headlines, it's driven on the it's the right time.

1116
00:52:14.440 --> 00:52:16.199
We were patient over a long period of time. We

1117
00:52:16.199 --> 00:52:18.000
were losing on the sds for a long period of

1118
00:52:18.079 --> 00:52:19.239
time until we weren't.

1119
00:52:19.639 --> 00:52:20.559
And that's also got.

1120
00:52:20.480 --> 00:52:21.880
A lot of cash on the side for the last

1121
00:52:21.960 --> 00:52:23.760
year because we've been saying for the last year that

1122
00:52:23.840 --> 00:52:26.559
the market's been overvalued and there could be a sell

1123
00:52:26.599 --> 00:52:28.679
off at some point, just a correction. We didn't know

1124
00:52:28.679 --> 00:52:30.519
what the catalyst would be. This turned out to be

1125
00:52:30.559 --> 00:52:33.719
the catalyst, but we have the money on the side

1126
00:52:33.760 --> 00:52:35.679
ready to go. So when we finally felt comfortable to

1127
00:52:35.719 --> 00:52:37.800
put it in. We were able to do it easily

1128
00:52:37.840 --> 00:52:40.360
without having to sell anything else. We just had the cash.

1129
00:52:40.519 --> 00:52:43.079
Like for our almost sixty to forty portfolio, we probably

1130
00:52:43.079 --> 00:52:45.360
only had fifty percent in equities, ten percent in cash

1131
00:52:45.360 --> 00:52:47.440
in for other forty in bonds we have. That's a

1132
00:52:47.440 --> 00:52:48.119
lot of cash.

1133
00:52:48.320 --> 00:52:50.280
A lot of our accounts have like twenty five percent

1134
00:52:50.280 --> 00:52:54.880
in our model bucket, and for about it eight months,

1135
00:52:54.960 --> 00:52:57.719
roughly most of those accounts had nineteen percent. We sold

1136
00:52:57.719 --> 00:53:00.000
about six percent worth of it to raise cash because

1137
00:53:00.039 --> 00:53:01.480
we thought the markets were going to pull back. We

1138
00:53:01.480 --> 00:53:04.320
thought it was going to be during the election cycle,

1139
00:53:04.400 --> 00:53:07.000
which is this year short pullback, and then obviously when

1140
00:53:07.000 --> 00:53:09.320
Trump ran it or won, it went up and it

1141
00:53:09.400 --> 00:53:11.400
kept going up, but it still was the same philosophy

1142
00:53:11.440 --> 00:53:14.760
of it's concentrated on a few stocks, A few companies

1143
00:53:14.760 --> 00:53:17.119
are running this market up. So it's a pretty fragile cup,

1144
00:53:17.800 --> 00:53:21.400
pretty fragile market. It's not as strong as people thought

1145
00:53:21.639 --> 00:53:23.719
because just because seven companies were doing the whole thing,

1146
00:53:23.719 --> 00:53:26.639
I mean, when you got a whole magnificent seven etf

1147
00:53:26.679 --> 00:53:28.440
made because those companies are doing so well, at some

1148
00:53:28.480 --> 00:53:29.760
point that's going to collapse a bit.

1149
00:53:29.719 --> 00:53:31.119
And on top of it, you had, you know, the

1150
00:53:31.159 --> 00:53:34.920
hoe em of artificial intelligence capital expenditures.

1151
00:53:35.280 --> 00:53:37.880
We say ten percent cash is a lot, but in

1152
00:53:37.960 --> 00:53:40.199
terms of like if the market drops like it did,

1153
00:53:40.320 --> 00:53:42.360
you're still going to be down. It doesn't mean that

1154
00:53:42.400 --> 00:53:44.880
you're not going to be down. Obviously we were conservative,

1155
00:53:45.159 --> 00:53:47.599
and that ten percent then allows us to buy. If

1156
00:53:47.599 --> 00:53:49.440
you're fully invested at sixty forty.

1157
00:53:49.199 --> 00:53:51.920
You don't have to took advantage of the market environment too.

1158
00:53:51.960 --> 00:53:54.440
If the money market's paying over four percent for last year,

1159
00:53:54.559 --> 00:53:56.559
it didn't hurt too bad to have ten to fifteen

1160
00:53:56.599 --> 00:53:59.679
percent in cash because you're still making something. If money

1161
00:53:59.679 --> 00:54:01.719
markets were at zero like they were five years ago,

1162
00:54:02.079 --> 00:54:03.840
might have had a little different philosophy. But we took

1163
00:54:03.840 --> 00:54:05.679
advantage of what the market offered, and that's why we

1164
00:54:05.719 --> 00:54:06.199
had the cash.

1165
00:54:06.280 --> 00:54:08.559
One of the biggest things this month the VIX April.

1166
00:54:09.000 --> 00:54:10.920
It was April eighth, and the vixl was up at

1167
00:54:11.000 --> 00:54:13.519
fifty two. The VIX, for anybody that doesn't knows a

1168
00:54:13.559 --> 00:54:17.960
volatility volatility volatility index, it's the fear index. Right when

1169
00:54:17.960 --> 00:54:20.840
this thing gets higher, there's more fear, there's more uncertainty

1170
00:54:21.119 --> 00:54:22.199
within the trading round.

1171
00:54:22.239 --> 00:54:24.440
You can't buy it or short it. It's just an indicator.

1172
00:54:24.519 --> 00:54:27.519
You can buy options on it, though they don't work.

1173
00:54:27.719 --> 00:54:30.039
Just don't don't even go there. Diana and I have

1174
00:54:30.159 --> 00:54:32.239
done that and it hit it. They do.

1175
00:54:33.079 --> 00:54:34.880
You can't say they don't work anyways.

1176
00:54:35.000 --> 00:54:36.679
Deena and I hit it perfectly in lost mind.

1177
00:54:36.719 --> 00:54:38.519
What I was trying to get, That's all I can

1178
00:54:38.559 --> 00:54:39.880
tell you what I was trying to get at. The

1179
00:54:39.960 --> 00:54:43.000
VIX drops twenty three percent this week. Whenever you see

1180
00:54:43.000 --> 00:54:45.679
the VIX over thirty forty, and it's probably a good

1181
00:54:45.679 --> 00:54:46.440
time to be buying that.

1182
00:54:46.719 --> 00:54:49.440
The fear be buying the vital this week, is what

1183
00:54:49.440 --> 00:54:49.880
you're saying.

1184
00:54:49.920 --> 00:54:50.800
Correct, Correct?

1185
00:54:51.039 --> 00:54:53.159
You get that. It's kind of like the oscillator. You'll

1186
00:54:53.199 --> 00:54:56.000
hear Cramer use the oscillator a lot, which is again

1187
00:54:56.039 --> 00:55:00.400
another measure of where the market is from a trying

1188
00:55:00.440 --> 00:55:02.320
to get an emotional reading on it, if you will.

1189
00:55:02.440 --> 00:55:04.360
Well, like you said, it was the middle to end

1190
00:55:04.400 --> 00:55:06.920
of the week was pretty quiet on Trump's end. Yeah,

1191
00:55:06.920 --> 00:55:08.039
so the fear went down a bit.

1192
00:55:08.360 --> 00:55:10.159
Yeah, and I think if he's if he's quiet, it

1193
00:55:10.159 --> 00:55:13.159
seems like the market wants to go higher. We The

1194
00:55:13.239 --> 00:55:16.480
caveat to that, I would say is that we're still overvalued.

1195
00:55:16.519 --> 00:55:20.639
It's still a very rich market in an economy that

1196
00:55:20.800 --> 00:55:23.880
is slowing down. It's not a that's not a great

1197
00:55:23.880 --> 00:55:29.079
combination of deans. How overvalued, it's that's nebulous. I mean,

1198
00:55:29.119 --> 00:55:34.480
who knows. Well, that's arbitrary. I don't necessarily think it

1199
00:55:34.519 --> 00:55:38.360
is using historic parameters about twenty percent overvalued.

1200
00:55:38.159 --> 00:55:41.320
Right, And I think historically you can't quite use that anymore.

1201
00:55:41.400 --> 00:55:44.559
Yeah, and I don't. I don't know because for fifty years,

1202
00:55:44.599 --> 00:55:46.719
I every time I've heard is different, this time it

1203
00:55:46.760 --> 00:55:47.719
has never been different.

1204
00:55:47.719 --> 00:55:50.920
Well, the Internet boom definitely changed things, did it not?

1205
00:55:51.119 --> 00:55:52.880
But it didn't. At the end of the day, we

1206
00:55:52.920 --> 00:55:55.320
went back to where we were supposed to be. Valuations

1207
00:55:55.360 --> 00:55:56.400
don't matter until they do.

1208
00:55:57.440 --> 00:56:01.519
And you're saying that Google hasn't been trading at a

1209
00:56:01.800 --> 00:56:03.639
very high multiple for like the last ten years.

1210
00:56:03.679 --> 00:56:06.039
No, no, I'm saying that. But it's one of five hundred stocks.

1211
00:56:06.079 --> 00:56:09.639
So when you take the basket those, if you take

1212
00:56:10.039 --> 00:56:13.039
an equ weighted basket, it isn't going to have that.

1213
00:56:13.119 --> 00:56:15.320
Well, I think, yeah, we've been talking for a while

1214
00:56:15.320 --> 00:56:17.199
the last couple of years. Equ weighted is a much

1215
00:56:17.239 --> 00:56:19.320
different show than the S and P five.

1216
00:56:19.239 --> 00:56:20.719
Hundred it's really what's going on.

1217
00:56:21.119 --> 00:56:23.400
It is, and it's very fair to say that. I

1218
00:56:23.480 --> 00:56:27.039
just think it is so striking that it's almost as

1219
00:56:27.079 --> 00:56:28.840
if you can look at the nifty to fifty. I mean,

1220
00:56:28.960 --> 00:56:31.079
so maybe the only other time, sure, we have such

1221
00:56:31.079 --> 00:56:33.760
a concentration in a few stocks in the history of

1222
00:56:33.760 --> 00:56:36.480
the stock market where it's very very different.

1223
00:56:37.000 --> 00:56:41.440
Fifty now we got seven. So hey have a public

1224
00:56:41.480 --> 00:56:45.239
service announcement, very important public service announcement. All right, Now

1225
00:56:45.280 --> 00:56:48.480
we love our winter visitors, right, we love our winter visitors.

1226
00:56:48.559 --> 00:56:51.880
Many of them are clients of ours, and we appreciate

1227
00:56:51.920 --> 00:56:55.360
the economic boost that they give to our community. But

1228
00:56:55.440 --> 00:56:57.559
I want to give this to my public service announcement.

1229
00:56:57.760 --> 00:57:01.079
It is about to get very very high, and it

1230
00:57:01.119 --> 00:57:04.880
may be time to go home. I was southbound on

1231
00:57:04.960 --> 00:57:07.280
Swan last week and sat through the light at Grant

1232
00:57:07.440 --> 00:57:12.239
five cycles. Five cycles. My wife works in the furniture business.

1233
00:57:12.280 --> 00:57:14.840
She said, no, get used to it. These are people

1234
00:57:14.840 --> 00:57:17.679
that moved here permanently. And if that's the case, oh

1235
00:57:17.719 --> 00:57:21.119
my goodness, I'm not real sure. I remember back in

1236
00:57:21.159 --> 00:57:23.480
the day that starting about May first, I've lived for

1237
00:57:23.519 --> 00:57:27.719
fifty three years, full disclosure, starting about May first, the

1238
00:57:27.760 --> 00:57:31.599
city would empty. You didn't need a reservation for anything.

1239
00:57:32.400 --> 00:57:34.480
And last week I tried to get a reservation in

1240
00:57:34.559 --> 00:57:37.880
my favorite restaurant two weeks from now, and I had

1241
00:57:37.960 --> 00:57:43.440
limited choices for a Friday night in early May. That's ridiculous.

1242
00:57:44.000 --> 00:57:46.559
So just FYI, it is about to get pretty hot

1243
00:57:46.760 --> 00:57:48.599
and you might want to get out of here.

1244
00:57:48.719 --> 00:57:51.960
It looks like that growth rate's changing here in Tucson, Man,

1245
00:57:53.000 --> 00:57:54.840
those historic expectations are changing.

1246
00:57:55.039 --> 00:57:57.440
They are No, it's a different city than it was.

1247
00:57:57.880 --> 00:58:00.280
I remember when I moved here, it was two hundred thousand.

1248
00:58:00.079 --> 00:58:03.559
People growing exponentially. And then it is not just Tucson.

1249
00:58:03.679 --> 00:58:05.159
You know, you know, your Vale's growing a lot on

1250
00:58:05.199 --> 00:58:07.199
out side, Miranda's drowing a lot on the other side.

1251
00:58:07.239 --> 00:58:10.239
And have you been down to Sarrita lately? Oh? Yeah,

1252
00:58:10.280 --> 00:58:12.159
that place is going nuts.

1253
00:58:12.320 --> 00:58:12.480
Oh.

1254
00:58:12.519 --> 00:58:16.880
Now that Sarita was founded by Bob Sharp. Bob Sharp

1255
00:58:17.440 --> 00:58:20.880
was out of Minneapolis, and Bob Sharp moved into the

1256
00:58:20.880 --> 00:58:24.079
townhouse development where I was living, two doors down from me,

1257
00:58:24.880 --> 00:58:27.480
and we got to know each other just casually, and

1258
00:58:27.480 --> 00:58:29.400
he was telling me about what he was going to do,

1259
00:58:29.880 --> 00:58:32.519
the plans he had, the vision he had for Sarrita,

1260
00:58:33.360 --> 00:58:36.480
And I thought he was nuts and I just were.

1261
00:58:36.719 --> 00:58:38.119
My wife and I like to go down there. They've

1262
00:58:38.159 --> 00:58:40.199
got a lake down there, and around the lake is

1263
00:58:40.199 --> 00:58:41.960
a one mile track. We like to go down there

1264
00:58:42.000 --> 00:58:43.519
and do a few loops around the lake and then

1265
00:58:43.519 --> 00:58:45.760
maybe drive down to two Bac Avalanche, whatever, make a

1266
00:58:45.840 --> 00:58:49.519
day of it. We're driving back from two Bac and

1267
00:58:49.800 --> 00:58:54.360
it's just it's just it's just car after car after car. Sorry,

1268
00:58:54.440 --> 00:58:58.000
house after house after house, car after car. Also, I

1269
00:58:58.320 --> 00:59:00.159
used to I usually go down there on the weekend

1270
00:59:00.039 --> 00:59:02.000
that this was. This was a good Friday where the

1271
00:59:02.079 --> 00:59:04.199
mark was closed and it was car after car. It

1272
00:59:04.239 --> 00:59:07.360
was really busy. But I don't know how many houses

1273
00:59:07.400 --> 00:59:10.599
are under construction in Sawrita, but it's hundreds of houses,

1274
00:59:11.159 --> 00:59:12.760
not a couple, it's one hundred.

1275
00:59:12.840 --> 00:59:16.320
Same with Morana. I don't know if you've been out there. Yeah,

1276
00:59:16.480 --> 00:59:19.840
it's insane. Yeah, the amount. I mean, they're literally building

1277
00:59:19.840 --> 00:59:20.519
a downtown.

1278
00:59:21.039 --> 00:59:23.199
I mean it's so Miranda. I mean, it would be

1279
00:59:23.280 --> 00:59:24.920
nice for Miranda to have a downtown.

1280
00:59:25.239 --> 00:59:26.119
That's why they're building it.

1281
00:59:26.239 --> 00:59:28.360
Know, they're going to build a downtown. You build it

1282
00:59:28.400 --> 00:59:31.039
and they will come. You know, how many people live

1283
00:59:31.039 --> 00:59:34.360
in Ranna know enough to support a downtown.

1284
00:59:34.480 --> 00:59:36.840
I've talked about it on the show two Downtown too.

1285
00:59:37.239 --> 00:59:38.559
Yeah, I grew I grew.

1286
00:59:38.480 --> 00:59:41.159
Up in Maranna, and I remember when the McDonald's came

1287
00:59:41.159 --> 00:59:43.400
out for the first time. It was like Disneyland. It

1288
00:59:43.480 --> 00:59:44.880
was the greatest thing that's ever happened.

1289
00:59:45.079 --> 00:59:47.119
I think over the last four years that the number

1290
00:59:47.159 --> 00:59:48.719
of houses in Moranda probably have doubled.

1291
00:59:48.760 --> 00:59:52.159
Oh for sure. It is growth, especially especially if you

1292
00:59:52.199 --> 00:59:54.840
include areas like Sam Lucas and Rancho Marana and all that.

1293
00:59:54.840 --> 00:59:56.599
That's it's gone exponentially.

1294
00:59:56.840 --> 00:59:58.559
They got to put a grocery store out there.

1295
00:59:58.440 --> 01:00:00.239
Finally, they already got one. They got a Friz up there.

1296
01:00:00.599 --> 01:00:04.119
It isn't Morana. Is it just down like it.

1297
01:00:02.840 --> 01:00:07.119
And off or something down It is two minutes from

1298
01:00:07.159 --> 01:00:07.440
my house?

1299
01:00:07.719 --> 01:00:10.440
Is it okay? Good? Good? Because that that's what you need.

1300
01:00:10.480 --> 01:00:11.440
You need they have like that.

1301
01:00:12.639 --> 01:00:16.000
We just got our first Jersey Mics. Oh wow, we

1302
01:00:16.079 --> 01:00:19.119
got Panda Express, we got all the fast foods, We've

1303
01:00:19.119 --> 01:00:22.840
got fries. Now we're coming up. We're having a new

1304
01:00:23.639 --> 01:00:27.800
whole gym with an indoor water facility getting created. They

1305
01:00:27.800 --> 01:00:31.199
got the new apartments, your luxury apartments in Kintata getting

1306
01:00:31.280 --> 01:00:32.519
built out there as well, you.

1307
01:00:32.519 --> 01:00:34.960
Just need to fix your infrastructure with getting off the

1308
01:00:34.960 --> 01:00:37.800
freeway or at Tangerine because there's.

1309
01:00:37.199 --> 01:00:38.559
Going to be a lot of accidents.

1310
01:00:38.559 --> 01:00:41.519
That's not like it's the whole area is booming. And Yeah,

1311
01:00:41.800 --> 01:00:43.599
as someone who's been in fifty three years, I think

1312
01:00:43.639 --> 01:00:46.000
where's the water going to come from? That's probably my

1313
01:00:46.039 --> 01:00:49.239
biggest concern, especially when we're in the worst drought in history,

1314
01:00:49.760 --> 01:00:52.599
aren't we Always the last six months the average rainfall

1315
01:00:52.679 --> 01:00:54.599
seven and a half inches, We've had one and a half.

1316
01:00:54.679 --> 01:00:57.840
That's the driest period ever in the history of Tucson ever.

1317
01:00:58.880 --> 01:00:59.920
So it's it's not.

1318
01:01:00.360 --> 01:01:02.159
We don't get our water directly from here, we get

1319
01:01:02.239 --> 01:01:02.639
from up.

1320
01:01:02.639 --> 01:01:03.280
In the groundwater.

1321
01:01:03.559 --> 01:01:06.000
Yeah, Colorado River is going dry too.

1322
01:01:06.119 --> 01:01:08.559
Well yeah, I mean eventually we're all going to die, right.

1323
01:01:09.239 --> 01:01:12.679
Bec Yeah, the big plan is to just to pipe

1324
01:01:12.719 --> 01:01:15.679
water from the Gulf of California to Phoenix. All right,

1325
01:01:15.719 --> 01:01:17.480
I mean, but the aization, what.

1326
01:01:17.519 --> 01:01:19.159
Are we not going to grow? Dave, let's not be

1327
01:01:19.239 --> 01:01:21.280
pestival like about it. What are we not going to grow?

1328
01:01:21.159 --> 01:01:23.480
No, We're going to grow. I just I worry about

1329
01:01:23.519 --> 01:01:25.360
the water, that's all. Yeah, that's just part of what

1330
01:01:25.400 --> 01:01:25.639
I do.

1331
01:01:25.760 --> 01:01:28.119
Well, you know, all the new subdivisions actually have to

1332
01:01:28.159 --> 01:01:30.039
prove that they have ninety nine years worth of water

1333
01:01:30.320 --> 01:01:32.440
right here in Arizona. Right, so at least they have

1334
01:01:32.480 --> 01:01:34.679
that provision. I don't know if other states even have that.

1335
01:01:34.760 --> 01:01:36.639
Oh they haven't Phoenix as well. And then there's the

1336
01:01:36.800 --> 01:01:39.480
whole kind of games with it. And I've read the

1337
01:01:39.480 --> 01:01:44.159
stories a deck whatever interest rates. Interestingly, interest rates UH

1338
01:01:44.639 --> 01:01:47.800
edged lower a little bit. Not much action there now

1339
01:01:47.840 --> 01:01:49.960
and now much action this week. And with the market

1340
01:01:50.000 --> 01:01:53.440
going higher, you might expect interest rates would be higher,

1341
01:01:53.960 --> 01:01:56.239
but the bond mark is telling you not going to

1342
01:01:56.280 --> 01:01:58.760
be the gate. Raytheon was in the news this week.

1343
01:01:59.119 --> 01:02:02.280
Raytheon had a strong on quarter first quarter, but the

1344
01:02:02.320 --> 01:02:05.039
stocks stumbled about ten percent to a nine month low

1345
01:02:05.159 --> 01:02:08.039
after the CEO warned that the tariffs could be a problem.

1346
01:02:09.119 --> 01:02:09.880
I would you say that.

1347
01:02:11.559 --> 01:02:13.159
No, no saying why would you say that as a

1348
01:02:13.199 --> 01:02:15.199
CEO if you had a good, good quarter, I mean,

1349
01:02:15.239 --> 01:02:15.920
why would you say that?

1350
01:02:16.159 --> 01:02:19.760
Maybe maybe just cya, you know all I can think of.

1351
01:02:19.800 --> 01:02:21.920
But because the next day at rallied six percent after

1352
01:02:22.000 --> 01:02:26.199
Morgan Stanley reiterated thereby, and then on a Friday it

1353
01:02:26.360 --> 01:02:28.440
rallied again. I think it finished the week down about

1354
01:02:28.440 --> 01:02:30.639
two and a half percent. Yeah, just a non.

1355
01:02:30.519 --> 01:02:32.920
Event crazy looking weekly candle on that one.

1356
01:02:33.000 --> 01:02:36.199
Oh yeah yeah. Lockeed Martin twenty five percent off its

1357
01:02:36.239 --> 01:02:38.880
high was lower on Tuesday again, they reported a strong

1358
01:02:38.960 --> 01:02:44.960
quarter reaffirmed their forecast. Boeing north through Grumming. Let's talk

1359
01:02:44.960 --> 01:02:49.239
about defense right now. Defense, No, it's not, it's Boying's

1360
01:02:49.239 --> 01:02:53.960
not defense. Boying's aircrafts commercial aircraft to Norfolk Grumman. Same thing.

1361
01:02:55.400 --> 01:02:57.840
And one thing I realized from this is that aerospace

1362
01:02:57.880 --> 01:03:02.519
and defense firms are among the most globally integrated manufacturers

1363
01:03:02.559 --> 01:03:05.079
and are some of the country's largest exporters.

1364
01:03:06.519 --> 01:03:07.840
I would call it Boeing defense.

1365
01:03:08.480 --> 01:03:10.239
Why what do they make this defense?

1366
01:03:10.400 --> 01:03:11.880
You just said aerospace defense?

1367
01:03:12.719 --> 01:03:15.639
Okay, I didn't realize they were fighting. They had Boying

1368
01:03:15.679 --> 01:03:18.800
Fighter pilot time Fighter. Yes, I'm sorry, they thought I did.

1369
01:03:18.800 --> 01:03:19.639
Don't make anything.

1370
01:03:19.800 --> 01:03:22.320
They realized that Patriot missile was coming out of Boying.

1371
01:03:22.320 --> 01:03:23.559
I didn't realize that. I'm sorry.

1372
01:03:23.800 --> 01:03:25.119
That's the only thing that defense.

1373
01:03:25.599 --> 01:03:27.760
I'm trying to think of something that's defense related.

1374
01:03:27.800 --> 01:03:30.079
Wouldn't be like engines engines.

1375
01:03:30.360 --> 01:03:31.719
Bowen doesn't make the engines.

1376
01:03:31.960 --> 01:03:33.559
They buy engines.

1377
01:03:33.800 --> 01:03:34.239
I heard.

1378
01:03:36.400 --> 01:03:40.159
Whitney who makes the F thirty two's I don't know, Okay,

1379
01:03:40.239 --> 01:03:41.800
well I'll look it up.

1380
01:03:42.800 --> 01:03:46.679
Boeing is a major defense contractor. They do have a defense,

1381
01:03:46.760 --> 01:03:49.519
Space and Security division and is a significant player in

1382
01:03:49.559 --> 01:03:51.960
the global defense industry, offering a wide range of products

1383
01:03:52.000 --> 01:03:55.920
and services, including military aircraft, satellites, weapons systems, and space

1384
01:03:56.000 --> 01:03:57.159
exploration capabilities.

1385
01:03:57.239 --> 01:03:59.320
Might be why they were up seven percent on Wednesday.

1386
01:04:00.039 --> 01:04:02.679
They're doing great, they reported that they Yeah, they're doing great.

1387
01:04:02.679 --> 01:04:04.920
They lost less money than what was expected. They're still

1388
01:04:04.920 --> 01:04:09.480
losing money. Yeah, they're still but they're now might be

1389
01:04:09.480 --> 01:04:10.039
a little strong.

1390
01:04:10.079 --> 01:04:13.360
But fifteen ex fighter jet, so they do.

1391
01:04:14.239 --> 01:04:15.199
Makes a fighter jet.

1392
01:04:15.519 --> 01:04:16.960
Really, that's what I heard.

1393
01:04:17.440 --> 01:04:20.280
H sixty four patchy attack helicopters as well.

1394
01:04:20.840 --> 01:04:23.280
I stand corrected. Holy cow, I didn't didn't realize they

1395
01:04:23.280 --> 01:04:25.000
were doing all that stuff. I always think of Boying

1396
01:04:25.159 --> 01:04:26.039
commercial aircraft.

1397
01:04:26.079 --> 01:04:28.760
I saw a thing that China, China canceled a bunch

1398
01:04:28.760 --> 01:04:30.440
of orders from them from Boying.

1399
01:04:30.559 --> 01:04:33.440
Yeah, yeah, yeah, they did, that's right. But those were yeah,

1400
01:04:33.440 --> 01:04:35.199
commercial air commercial, Yeah they did.

1401
01:04:35.880 --> 01:04:37.559
Yeah, that's what you think a point. When I think

1402
01:04:37.559 --> 01:04:39.119
of point, I think of commercial aircraft.

1403
01:04:39.119 --> 01:04:41.400
So that's what comes to mind.

1404
01:04:42.000 --> 01:04:44.679
But it's nice to know that they about. We talked

1405
01:04:45.199 --> 01:04:47.960
last week about rare earth minerals and how important they are,

1406
01:04:48.039 --> 01:04:49.880
too racing laughing about.

1407
01:04:49.679 --> 01:04:52.199
Because no one knows what they are. We do well,

1408
01:04:52.199 --> 01:04:55.199
they're important. They're or most people listening, they're like, oh,

1409
01:04:55.320 --> 01:04:55.880
rare earth, What.

1410
01:04:55.840 --> 01:05:00.360
The hell are these seventeen rather obscure mineral that are

1411
01:05:00.400 --> 01:05:02.320
not that rare at all? That runs out And here's

1412
01:05:02.719 --> 01:05:06.159
really really good news because what we learned last week

1413
01:05:06.239 --> 01:05:10.159
on this radio show is that China controls eighty five

1414
01:05:10.320 --> 01:05:13.079
percent of the rare earth minerals in the world. They've

1415
01:05:13.079 --> 01:05:16.280
been working on that for decades, way ahead of us

1416
01:05:16.960 --> 01:05:20.639
in that area. Our client might shared an article with

1417
01:05:20.639 --> 01:05:24.079
me that is study by the University of Texas discovered

1418
01:05:24.119 --> 01:05:28.880
there are huge amounts of these minerals in waste left

1419
01:05:28.920 --> 01:05:33.800
over from burning coal. How cool is that the waste

1420
01:05:33.840 --> 01:05:38.159
from burning coal generates these earth minerals. And plus it's

1421
01:05:38.159 --> 01:05:41.039
easy to mind because they was already already taken the

1422
01:05:41.039 --> 01:05:43.159
hard stuff away all the left of these minerals. Saying

1423
01:05:43.400 --> 01:05:46.480
University of Texas study that we may be one of

1424
01:05:46.519 --> 01:05:49.159
the areas in the world that has the most rare

1425
01:05:49.199 --> 01:05:52.320
earth minerals. As it turns out we yeah, the US

1426
01:05:53.320 --> 01:05:56.199
from because we have you know, we've been burning coal

1427
01:05:57.760 --> 01:06:02.559
to this disdain of those who are pollution. Uh, well

1428
01:06:02.599 --> 01:06:06.360
we're all pollution, anti pollution, but burning coal has not

1429
01:06:06.440 --> 01:06:09.239
been that popular. Well, it turns out burning coal maybe

1430
01:06:09.320 --> 01:06:13.280
the thing that saves us with with the rare earth minerals.

1431
01:06:13.239 --> 01:06:16.000
So it'll be interesting to see how long it takes

1432
01:06:16.039 --> 01:06:18.639
for them to get that to actually become reality.

1433
01:06:19.360 --> 01:06:19.920
Do you know why?

1434
01:06:20.039 --> 01:06:23.199
I could be the same as these hydrogen cars, you know,

1435
01:06:23.639 --> 01:06:27.119
hydrogen couc client talk about how there's hydrogen. They saw

1436
01:06:27.159 --> 01:06:29.079
a couple of hydrogen fuel cells.

1437
01:06:29.280 --> 01:06:32.039
It can be the same as quantum, right, the quantum

1438
01:06:32.119 --> 01:06:34.719
who knows how's coming? But I don't know when, right.

1439
01:06:34.880 --> 01:06:37.239
So the nice part about it is we know that

1440
01:06:37.239 --> 01:06:39.519
that technology is out there, which is kind of cool.

1441
01:06:39.880 --> 01:06:42.079
Yeah, there's some really cool technology out there.

1442
01:06:42.800 --> 01:06:48.000
Netflix. Uh they reported before our radio show last Friday,

1443
01:06:48.239 --> 01:06:52.320
reported Friday after Thursday, afternoon before last last Friday was

1444
01:06:52.320 --> 01:06:55.840
good Friday, right, Yeah, it was, yes, So Thursday before

1445
01:06:55.880 --> 01:06:58.920
the Good Friday is when they reported earnings. Stock was

1446
01:06:59.000 --> 01:07:01.760
up seven percent in the aftermarket. But by the time

1447
01:07:01.840 --> 01:07:07.480
Monday rolls around and Trump's uh, common Powell names and

1448
01:07:07.559 --> 01:07:09.599
the markets tank in a thousand points.

1449
01:07:09.960 --> 01:07:10.119
Uh.

1450
01:07:10.199 --> 01:07:14.599
It actually opened three percent higher, but it it then

1451
01:07:14.679 --> 01:07:17.840
gained ground as the market game ground through the week,

1452
01:07:18.280 --> 01:07:21.440
finished the week at an all time high.

1453
01:07:20.920 --> 01:07:25.039
And rightfully so, did you see the VRTs.

1454
01:07:25.199 --> 01:07:27.199
I was literally about to say that earnings great?

1455
01:07:27.320 --> 01:07:28.880
Yeah, I did. I did not see the ironies.

1456
01:07:28.960 --> 01:07:34.119
Now, yeah, they did report decently to say vrt Yeah,

1457
01:07:34.280 --> 01:07:36.800
Veritive Holdings and that's the company that does the cooling

1458
01:07:36.880 --> 01:07:40.239
for the Blackwell ship. And you have the any specific

1459
01:07:40.360 --> 01:07:40.960
numbers not on.

1460
01:07:42.159 --> 01:07:44.039
Yeah, that was a phenomenal week though. I mean they

1461
01:07:44.079 --> 01:07:45.440
went up twenty two percent this week.

1462
01:07:45.760 --> 01:07:48.199
And they're very vital too. I mean they're one like

1463
01:07:48.239 --> 01:07:50.719
with the chips. They move with the chip companies, so

1464
01:07:50.760 --> 01:07:52.800
they've been hurt in the last month. But they did

1465
01:07:52.920 --> 01:07:55.199
have a great week. And what they do is they

1466
01:07:55.239 --> 01:07:56.960
have the way their company works is cool down the

1467
01:07:56.960 --> 01:07:59.639
Blackwell chip, which is the big new chip from Nvidia,

1468
01:08:00.000 --> 01:08:02.639
and that's kind of the wave of the future for

1469
01:08:02.760 --> 01:08:05.639
cooling these chips, which they just get super hot and

1470
01:08:05.639 --> 01:08:08.880
you can't do it conventionally. So this new coolant that

1471
01:08:08.920 --> 01:08:12.440
they have works better. So it's gonna should catch on

1472
01:08:12.519 --> 01:08:15.760
as more companies start making more powerful chips like in video.

1473
01:08:15.760 --> 01:08:19.399
Obviously they're the forefront of it. But you got Apple, sorry,

1474
01:08:19.399 --> 01:08:22.439
not Apple Alphabet. They beat earnings, so that we were

1475
01:08:22.479 --> 01:08:24.720
talking about that last week. How it's going to be

1476
01:08:24.760 --> 01:08:26.760
interesting to see what they do, what they report on

1477
01:08:26.840 --> 01:08:30.680
AD revenue, if they see a big decrease in AD

1478
01:08:30.680 --> 01:08:33.479
revenue in the last quarter, or if they what they're projecting.

1479
01:08:33.680 --> 01:08:35.560
And they didn't say anything about it bad. They grew

1480
01:08:35.600 --> 01:08:38.800
more than expected. Their AD revenue grew eight and a

1481
01:08:38.800 --> 01:08:42.319
half percent year over year, so they're still seeing positives

1482
01:08:42.319 --> 01:08:43.920
in the add of it. And they said the one

1483
01:08:43.960 --> 01:08:46.119
head when they could fall they could find is the

1484
01:08:46.159 --> 01:08:51.560
Asian Pacific market that could die down, which YouTube was strong.

1485
01:08:51.640 --> 01:08:55.960
Yeah, and they're not. There's been concerned about cannibalizing the

1486
01:08:56.000 --> 01:09:00.520
search with the AI search, right, but Gemini is Yeah,

1487
01:09:01.000 --> 01:09:03.920
the general I was going to cannibalize their regular search

1488
01:09:03.960 --> 01:09:05.680
and just be a non event, But it turns out

1489
01:09:05.720 --> 01:09:08.760
there is very little evidence of that. People like me

1490
01:09:08.840 --> 01:09:12.199
who are still driving the horse and buggy are using

1491
01:09:12.239 --> 01:09:15.359
the regular search. Well, you all are doing the I thing.

1492
01:09:15.840 --> 01:09:18.359
Yeah, and that's that's how the world works. I mean,

1493
01:09:18.399 --> 01:09:20.680
you you're not gonna do something until it's like so

1494
01:09:20.920 --> 01:09:23.359
obvious that it's better, it makes your life better, that

1495
01:09:23.479 --> 01:09:25.680
then it's gonna happen. Like you weren't going to get

1496
01:09:25.680 --> 01:09:27.880
that smartphone until you're like you have to have it.

1497
01:09:27.880 --> 01:09:28.039
You know.

1498
01:09:28.119 --> 01:09:33.319
I will say though that in defense of me, I'm

1499
01:09:33.319 --> 01:09:36.680
pretty I'm pretty pretty tech sabby.

1500
01:09:36.840 --> 01:09:38.399
You want to be an early adopter a little bit.

1501
01:09:38.560 --> 01:09:42.079
I like technology, Yeah, I embrace it. I have electric car,

1502
01:09:42.560 --> 01:09:48.800
you know, I have a hearing age, right, so I'm

1503
01:09:48.800 --> 01:09:53.520
really into the new technology. No, I've always been one

1504
01:09:53.560 --> 01:09:56.000
that's likes likes the cutting edge stuff on the phones

1505
01:09:56.039 --> 01:09:59.239
and the and the computer. And I love what you

1506
01:09:59.279 --> 01:10:02.640
can do with technic analogy. I love chat GPT on.

1507
01:10:02.520 --> 01:10:05.479
The phone in general, though, I mean, isn't like the

1508
01:10:05.560 --> 01:10:09.600
idea though is older generations just aren't as apt to change.

1509
01:10:09.720 --> 01:10:12.319
I see that a great I see a lot of

1510
01:10:12.359 --> 01:10:15.800
my peers fighting and technology, and I wish they wouldn't

1511
01:10:16.039 --> 01:10:18.840
because it's just so it makes life so much issues.

1512
01:10:18.680 --> 01:10:19.399
So much easier.

1513
01:10:19.399 --> 01:10:21.239
It really does. And there's so many things and so

1514
01:10:21.239 --> 01:10:25.760
many tools you can use. And I know, I've been

1515
01:10:25.800 --> 01:10:28.920
on Facebook for twenty years, and I went on Facebook

1516
01:10:28.960 --> 01:10:31.239
because my daughter was on Facebook and I was able

1517
01:10:31.279 --> 01:10:33.560
to watch what she was doing. I was actually able

1518
01:10:33.600 --> 01:10:37.199
to share her life without bugging her and it's been wonderful.

1519
01:10:37.920 --> 01:10:41.279
She's quite prolific on Facebook and I can watch all

1520
01:10:41.319 --> 01:10:41.520
of that.

1521
01:10:41.600 --> 01:10:44.199
And speaking of Facebook and AD revenue, I'll be really

1522
01:10:44.239 --> 01:10:47.960
interested to see how Meta reports earnings. Just because they

1523
01:10:48.000 --> 01:10:51.800
had Timu, which is PDD Holdings, they totally wiped out

1524
01:10:51.960 --> 01:10:54.520
all their ads and that's a Chinese based company, and

1525
01:10:54.520 --> 01:10:57.720
I think you'll see more of that through those Chinese companies.

1526
01:10:58.119 --> 01:11:00.680
And you're absolutely right. AD revenue is a really as

1527
01:11:00.680 --> 01:11:03.239
a canary nicole mine. That's something to really keep an

1528
01:11:03.239 --> 01:11:05.720
eye on because the first thing the company is going

1529
01:11:05.760 --> 01:11:08.119
to cut if things start to soften his AD revenue.

1530
01:11:08.520 --> 01:11:12.680
It's easy to do, yeah, and it is pretty expensive and.

1531
01:11:12.600 --> 01:11:15.479
It starts that self fulfilling prophecy. That can't be the

1532
01:11:15.520 --> 01:11:19.159
business cycle. It's not necessarily even need to have something

1533
01:11:19.199 --> 01:11:22.119
material happen. It's just that if everyone pulls the reins in,

1534
01:11:22.399 --> 01:11:24.279
then that further pulls the reins in and then you

1535
01:11:24.359 --> 01:11:26.399
just get that self fulfilling prophecy down.

1536
01:11:26.600 --> 01:11:29.359
That word spiral you do, you do, so watch watch

1537
01:11:29.399 --> 01:11:32.199
it when you see these companies report, especially companies like

1538
01:11:32.520 --> 01:11:36.960
you mentioned Facebook and Google DA Dylan mentioned, look at

1539
01:11:36.960 --> 01:11:39.880
their AD revenue. If their AD revenue remains strong, Uh,

1540
01:11:40.079 --> 01:11:42.279
that's a good signal for the economy.

1541
01:11:42.000 --> 01:11:44.920
And guidance on the AD revenue too. Yeah, chances are

1542
01:11:45.000 --> 01:11:46.760
they could have had a really good quarter one you know,

1543
01:11:46.880 --> 01:11:51.199
PDD your team, it was still advertising there.

1544
01:11:51.920 --> 01:11:53.720
I got a good question, guys. When we come back.

1545
01:11:53.760 --> 01:11:55.600
We got a break coming up, and we'll be back

1546
01:11:55.960 --> 01:11:59.279
right after this message with more of the Money Matter Show.

1547
01:11:59.279 --> 01:12:02.279
Thanks for joining here. We are once again with the

1548
01:12:02.279 --> 01:12:05.159
Money Matter Show. I've got Dean Greenberg, Dylan Greenberg, Todd

1549
01:12:05.199 --> 01:12:09.760
Click Junior, and Sebastian Borsini. Guys. Question, Uh, what do

1550
01:12:09.800 --> 01:12:12.119
you think we hit first? We're at fifty five hundred

1551
01:12:12.199 --> 01:12:16.279
on today. We're gonna hit six thousand first or five thousand?

1552
01:12:17.000 --> 01:12:18.319
What do you think? The Bastian, I.

1553
01:12:18.279 --> 01:12:22.079
Think we're at a very weird technical spot on the charts.

1554
01:12:22.119 --> 01:12:25.199
That's why I asked that that wide of arranged.

1555
01:12:25.239 --> 01:12:26.279
I have to pick one of those two.

1556
01:12:26.359 --> 01:12:28.279
You do we're gonna hit five thousand first or six

1557
01:12:28.319 --> 01:12:28.800
thousand first?

1558
01:12:29.119 --> 01:12:29.479
The question?

1559
01:12:30.359 --> 01:12:31.680
I think six thousand.

1560
01:12:31.800 --> 01:12:35.279
Six and Dean loop lean toward six I'd be five.

1561
01:12:35.479 --> 01:12:36.319
I'd be a five guy.

1562
01:12:37.199 --> 01:12:38.239
I think I think.

1563
01:12:38.279 --> 01:12:46.079
The economic disruption caused by the temper tantrums, the tariff tantrums,

1564
01:12:46.119 --> 01:12:50.479
if you will, are gonna have ramifications that we can't

1565
01:12:50.560 --> 01:12:53.479
really figure. I think it's gonna cause supply chain issues.

1566
01:12:53.880 --> 01:12:56.039
I think it's going to cause higher interest rate thing.

1567
01:12:56.119 --> 01:13:00.560
It's going to cause economic disruption that I think will

1568
01:13:00.920 --> 01:13:04.319
weigh on it. However, would that said if we did

1569
01:13:04.359 --> 01:13:06.840
get to five thousand, Remember we were at what fifty

1570
01:13:06.880 --> 01:13:11.439
one on Monday four days ago. We're not talking the

1571
01:13:11.520 --> 01:13:13.439
end of the world here. If we did get down

1572
01:13:13.520 --> 01:13:16.520
under five thousand, I'm a buyer there, I think, because

1573
01:13:16.520 --> 01:13:19.399
I think things are going I think a lot of

1574
01:13:19.439 --> 01:13:22.680
the things that Trump is doing are smart, but it's

1575
01:13:22.680 --> 01:13:25.399
going to take time for them to work their way

1576
01:13:26.000 --> 01:13:26.760
through the system.

1577
01:13:26.920 --> 01:13:29.439
I also think if you paint a picture saying the opposite,

1578
01:13:29.800 --> 01:13:32.239
you get what Dean was saying. A trade deal here,

1579
01:13:32.239 --> 01:13:34.319
a trade deal there, an ending a war there. All

1580
01:13:34.319 --> 01:13:36.520
of a sudden, it's boom boom boom, good news. We

1581
01:13:36.600 --> 01:13:38.880
easily could be at six thousand and then you completely

1582
01:13:38.960 --> 01:13:41.960
missed an opportunity. So you could make a case for

1583
01:13:42.000 --> 01:13:44.520
both sides there's a lot of things on the table

1584
01:13:44.560 --> 01:13:47.000
that have made us trade down here. We saw inflation

1585
01:13:47.079 --> 01:13:49.560
expectations like they're going to be super high. That's just

1586
01:13:49.600 --> 01:13:52.720
the consumer center. We know consumers aren't really great at

1587
01:13:53.079 --> 01:13:55.000
gauging where things are going to be in the future.

1588
01:13:55.000 --> 01:13:58.279
They're very emotional, right, We talked about the Michigan University

1589
01:13:58.279 --> 01:14:00.680
of Michigan survey. Isn't really where you but bet your

1590
01:14:00.680 --> 01:14:04.359
money on because it's just retail people kind of expectations.

1591
01:14:04.520 --> 01:14:06.479
So when you look at everything at how bad it's

1592
01:14:06.520 --> 01:14:08.960
been painting a picture so far, if that picture just

1593
01:14:09.039 --> 01:14:11.960
slightly changes starts getting more and more rosier, you easily

1594
01:14:12.000 --> 01:14:14.439
could just get a search higher back to the six thousand.

1595
01:14:14.520 --> 01:14:17.760
Yeah. I think my concern is valuations are high, interest

1596
01:14:17.840 --> 01:14:19.840
rates are likely writing, and I think there's some other

1597
01:14:19.920 --> 01:14:20.760
things that are going on.

1598
01:14:20.840 --> 01:14:22.920
But weren't valuations high at sixty two hundred?

1599
01:14:23.039 --> 01:14:25.560
Yes, absolutely right, and we needed to come down and

1600
01:14:25.600 --> 01:14:28.800
we came down twenty percent. I think technically we need

1601
01:14:28.840 --> 01:14:34.279
another down move to make a bottom. And I think

1602
01:14:34.359 --> 01:14:37.319
probably you're right. There are an awfully lot of things

1603
01:14:37.359 --> 01:14:39.560
out there that could go right, and.

1604
01:14:39.520 --> 01:14:40.640
There's things that could go wrong.

1605
01:14:40.720 --> 01:14:42.399
Yeah, Man, there are things that could go wrong, but

1606
01:14:42.640 --> 01:14:46.560
probably more things can go right than wrong. I just

1607
01:14:46.600 --> 01:14:49.640
think in a news vacuum, and there is no such thing,

1608
01:14:49.680 --> 01:14:53.960
but in a news vacuum, valuations are just stretched. Here

1609
01:14:54.680 --> 01:14:56.840
we look at a Tesla at one hundred and fifty

1610
01:14:56.840 --> 01:15:00.039
times earnings. I mean, this is the company that's I

1611
01:15:00.039 --> 01:15:01.600
don't think you can, yeah, I guess the company.

1612
01:15:01.960 --> 01:15:03.039
That's a hard one to be gauging.

1613
01:15:03.119 --> 01:15:04.760
You know, it's one hundred and fifty times earnings. And

1614
01:15:04.800 --> 01:15:07.119
there's a company that's shrinking. So if you have a

1615
01:15:07.159 --> 01:15:10.600
company that's not growing, what should the price earnings Raci'll

1616
01:15:10.600 --> 01:15:13.520
be that's always a challenge. We've talked about this.

1617
01:15:13.560 --> 01:15:15.479
I've talked about it doesn't matter on that stuck though

1618
01:15:15.479 --> 01:15:16.359
it's a trading tool, it.

1619
01:15:16.600 --> 01:15:18.800
Does not matter. It's just a matter. And I still

1620
01:15:18.800 --> 01:15:20.560
get calls every single now night.

1621
01:15:20.640 --> 01:15:22.439
Well, it doesn't matter until it does, Like you always say,

1622
01:15:22.439 --> 01:15:25.159
evaluation doesn't until it does. I mean, that's just becoming

1623
01:15:25.159 --> 01:15:27.760
a saturated market. All the companies are going into EV's.

1624
01:15:27.800 --> 01:15:30.880
There's new EV companies coming out saw last week. Slate

1625
01:15:30.960 --> 01:15:35.399
Auto is a Jeff Bezos family office backed company and

1626
01:15:35.439 --> 01:15:39.319
they're gonna start producing EV truck, which is is like

1627
01:15:39.359 --> 01:15:41.880
a basic truck and you can turn it into a five,

1628
01:15:42.479 --> 01:15:44.800
five seat or two, and it's gonna be under twenty

1629
01:15:44.800 --> 01:15:47.720
thousand dollars a start. Granted, the mile ranges one hundred

1630
01:15:47.720 --> 01:15:50.520
and forty unless you upgrade, but the basic model is

1631
01:15:50.600 --> 01:15:52.800
under twenty thousand dollars, which is getting to be cheap

1632
01:15:52.840 --> 01:15:55.439
and cheaper and cheaper, which Tesla is trying to keep

1633
01:15:55.520 --> 01:15:57.840
up with that because before they were expensive and they

1634
01:15:57.880 --> 01:15:59.760
were a premium ev Now they got to come down

1635
01:15:59.760 --> 01:16:03.319
and make it much cheaper for that, right, Yeah, And

1636
01:16:03.319 --> 01:16:06.079
they're totally doing it making it cheaper, but they're gonna

1637
01:16:06.119 --> 01:16:07.920
have to come out with a new one in September.

1638
01:16:07.960 --> 01:16:10.720
I think there's there were planned release date for that.

1639
01:16:11.039 --> 01:16:13.159
Well, like I said, I at least my Tesla twenty

1640
01:16:13.199 --> 01:16:15.560
two months ago, the price was sixty four grand at

1641
01:16:15.640 --> 01:16:17.960
least it. And I just had a client two weeks

1642
01:16:18.000 --> 01:16:19.880
ago that's paid thirty four out the door.

1643
01:16:20.000 --> 01:16:21.960
Yeah, and like they are coming out with the cheaper version.

1644
01:16:22.000 --> 01:16:24.560
It's just it's just becoming a hard market. They don't

1645
01:16:24.600 --> 01:16:26.560
own the whole market anymore. No, No, that's why it's

1646
01:16:26.600 --> 01:16:27.840
a hard stock for me to invest in.

1647
01:16:27.960 --> 01:16:29.640
The only thing you could really make a case for

1648
01:16:29.680 --> 01:16:32.159
it is what Kathie would is saying, is the robotaxi

1649
01:16:32.560 --> 01:16:35.239
if somehow that can make and change the you know,

1650
01:16:35.279 --> 01:16:38.039
the subscription based model, and you're not just a transactional

1651
01:16:38.039 --> 01:16:39.800
type of company on one type of sale. But every

1652
01:16:39.800 --> 01:16:43.279
single time that robotax is used, Teslas getting some cut

1653
01:16:43.279 --> 01:16:44.960
of that. You know, then you start to look at

1654
01:16:45.000 --> 01:16:46.680
it not just like a car company, but also somewhat

1655
01:16:46.720 --> 01:16:47.640
like a Spotify day.

1656
01:16:47.760 --> 01:16:49.760
You're going to make your car into a robotaxi.

1657
01:16:49.920 --> 01:16:51.159
I don't understand how it worked.

1658
01:16:51.279 --> 01:16:52.840
So you can put it into your you could just

1659
01:16:52.880 --> 01:16:54.560
have it at your house. You could say, I don't

1660
01:16:54.600 --> 01:16:56.239
want to drive it today, so I'm just going to

1661
01:16:56.279 --> 01:16:59.000
turn robo taxi on. You turn it on however you

1662
01:16:59.079 --> 01:17:01.439
do it, and then it becomes an uber.

1663
01:17:02.119 --> 01:17:05.159
So somebody can call and does it become a way moo, yeah.

1664
01:17:06.000 --> 01:17:08.680
Whatever, Yeah, it becomes a way most if somebody calls

1665
01:17:08.720 --> 01:17:11.159
they say, hey, I need to pick up from the

1666
01:17:11.279 --> 01:17:12.239
shoes by your house.

1667
01:17:12.680 --> 01:17:14.800
There's just so much things that come to mind. I mean,

1668
01:17:14.800 --> 01:17:16.399
it just sounds like a great idea. But then car

1669
01:17:16.479 --> 01:17:22.079
insurance that how does car insurance work in the car.

1670
01:17:23.840 --> 01:17:27.640
Explode your car insurance is going to do the car insurance.

1671
01:17:27.279 --> 01:17:28.239
Even allowed to do it.

1672
01:17:28.520 --> 01:17:31.520
Yeah, it it might have to be like back by Tesla. Yeah,

1673
01:17:31.560 --> 01:17:32.439
at that point.

1674
01:17:32.359 --> 01:17:34.359
I heard I heard Elon Musk say we're going to

1675
01:17:34.399 --> 01:17:36.319
have millions of these on the road by the end

1676
01:17:36.359 --> 01:17:38.000
of the year. You know when the last time he

1677
01:17:38.079 --> 01:17:39.840
said that was twenty nineteen.

1678
01:17:39.880 --> 01:17:42.640
And yeah, that's exactly a good point because only a

1679
01:17:42.680 --> 01:17:45.840
certain number of cities that even allow self driving there. Yeah,

1680
01:17:46.000 --> 01:17:48.079
Phoenix is one of those. Actually, Tempia I think is

1681
01:17:48.079 --> 01:17:50.479
one of those sandbox areas when they call sandbox product

1682
01:17:50.520 --> 01:17:53.720
like it's where you can test your you know AI.

1683
01:17:53.800 --> 01:17:56.800
And they had one or two deaths, but they were

1684
01:17:56.800 --> 01:17:57.760
a while ago that time.

1685
01:17:57.880 --> 01:18:00.039
That's why way most hused it was mostly.

1686
01:17:59.760 --> 01:18:02.119
Homeless people that are jumping out in front of them.

1687
01:18:02.159 --> 01:18:04.000
And I when you think about the number of trips

1688
01:18:04.600 --> 01:18:06.359
versus the number of problems.

1689
01:18:06.000 --> 01:18:09.000
Oh, they're they're really successful way the way, it seems

1690
01:18:09.039 --> 01:18:10.279
like they're getting more successful than you.

1691
01:18:10.359 --> 01:18:13.000
They are making absolutely and like California I was, are

1692
01:18:13.000 --> 01:18:15.880
gonna make it's gonna make it have more stringent rules

1693
01:18:16.039 --> 01:18:18.359
before they can go out and be a robo taxi.

1694
01:18:18.600 --> 01:18:20.760
You're gonna have to do like kind of like a

1695
01:18:20.800 --> 01:18:23.079
driver's license test. It's gonna have to go out with

1696
01:18:23.119 --> 01:18:25.199
somebody and show that it can do it and then

1697
01:18:25.279 --> 01:18:27.680
do ninety days worth of testing or a certain amount

1698
01:18:27.720 --> 01:18:29.359
of miles worth of testing before it can go to

1699
01:18:29.439 --> 01:18:29.760
the worst.

1700
01:18:29.800 --> 01:18:32.039
California will have the most regulation they do for sure.

1701
01:18:32.119 --> 01:18:34.119
Yeah, and that's where like way Mo's from. I think,

1702
01:18:34.199 --> 01:18:36.520
isn't it Cruise is based in Phoenix or they have

1703
01:18:36.600 --> 01:18:37.079
most of their.

1704
01:18:39.079 --> 01:18:39.399
GM.

1705
01:18:39.479 --> 01:18:42.159
Yeah, but their GM, but they have it all in Phoenix,

1706
01:18:42.600 --> 01:18:44.119
or at least a lot. I don't know if it's if.

1707
01:18:44.039 --> 01:18:46.319
I have a robo taxi, there's no way that I'm

1708
01:18:46.359 --> 01:18:48.640
gonna let my insurance spike up. I mean that seems

1709
01:18:48.640 --> 01:18:50.760
like something that Tesla is gonna have to cover or

1710
01:18:51.119 --> 01:18:52.039
be on their behalf.

1711
01:18:52.119 --> 01:18:53.520
I mean, who knows what he and I were talk

1712
01:18:53.560 --> 01:18:55.079
about last week. I So, do you think there's gonna

1713
01:18:55.079 --> 01:18:58.000
be a Tesla inshrench company?

1714
01:18:56.520 --> 01:19:00.239
I probably because if you think about the fat that,

1715
01:19:00.279 --> 01:19:03.159
like you just said, there's a lot less accidents, right,

1716
01:19:03.199 --> 01:19:05.640
so you would think the insurance premium should go down

1717
01:19:06.680 --> 01:19:09.560
If humans are the human's not a fault. It's it's

1718
01:19:09.560 --> 01:19:11.000
an algorithm.

1719
01:19:10.479 --> 01:19:12.960
Right, So you know what's the biggest drawback with this

1720
01:19:13.119 --> 01:19:15.640
all this self driving craziness is and I call it

1721
01:19:15.680 --> 01:19:17.600
craziness because I have it in my teskla and I

1722
01:19:17.680 --> 01:19:20.560
hate it. So the biggest you want to have to

1723
01:19:20.600 --> 01:19:26.039
be a drawback is it goes to speed limit. Oh yeah,

1724
01:19:26.159 --> 01:19:29.560
I mean if you're coming down Craycroft from Sunrise and

1725
01:19:29.600 --> 01:19:32.800
you go to speed limit, you're gonna get killed. You're

1726
01:19:32.800 --> 01:19:35.800
gonna get killed because it's it's a forty five hour

1727
01:19:35.880 --> 01:19:38.439
speed limit. If you're not doing fifty five, you're gonna

1728
01:19:38.439 --> 01:19:42.520
get rammed. Believe me, I'm on that road a lot.

1729
01:19:42.640 --> 01:19:43.439
So it won't go over.

1730
01:19:43.800 --> 01:19:46.199
It won't go over. It goes to speed limits. And rightfully,

1731
01:19:46.199 --> 01:19:48.439
so if you programmed it in, you'd want it. Program

1732
01:19:48.439 --> 01:19:49.800
it to go to speed limit right from a.

1733
01:19:49.800 --> 01:19:52.520
Low mind, I just I just say I'm going ten over.

1734
01:19:52.680 --> 01:19:54.239
Set it at cruise set the.

1735
01:19:54.399 --> 01:19:56.399
I'm talking about wa, I'm talking about the Waymo, the

1736
01:19:56.479 --> 01:19:58.600
raw taxi that would be set to go to the

1737
01:19:58.600 --> 01:19:59.159
street limit.

1738
01:20:00.039 --> 01:20:02.920
Specific goes eleven over and it gets pulled over. Are

1739
01:20:02.960 --> 01:20:04.039
you take a question?

1740
01:20:04.239 --> 01:20:05.079
Who gets the ticket?

1741
01:20:05.199 --> 01:20:05.880
Good question?

1742
01:20:06.640 --> 01:20:06.960
Company?

1743
01:20:07.000 --> 01:20:11.960
And will oh yeah, well it even wrecking?

1744
01:20:12.039 --> 01:20:12.199
Yeah?

1745
01:20:12.239 --> 01:20:13.840
Does it pull off? To the side when a fire

1746
01:20:13.880 --> 01:20:14.600
truck's coming by.

1747
01:20:14.800 --> 01:20:19.439
Oh, but they're just and I've got to remind you

1748
01:20:19.600 --> 01:20:23.159
that T s l A, that's the symbol for Tesla.

1749
01:20:23.479 --> 01:20:26.279
T s l A is not m U s K. Yeah,

1750
01:20:26.319 --> 01:20:28.840
and man is involved in a lot of other things.

1751
01:20:28.840 --> 01:20:30.479
It's not SpaceX.

1752
01:20:30.800 --> 01:20:32.760
A lot of people think SpaceX is in Tesla.

1753
01:20:32.880 --> 01:20:36.119
Yeah, no it's not. It's not. It's the car, and

1754
01:20:36.159 --> 01:20:38.159
it's the solar correct.

1755
01:20:37.800 --> 01:20:40.119
And a little bit of the satellites. They got the

1756
01:20:40.159 --> 01:20:41.079
star link in there.

1757
01:20:40.960 --> 01:20:42.920
Too, Okay, but I mean it's not at one hundred

1758
01:20:42.920 --> 01:20:45.800
and fifty times journeys and you just saw their revenue

1759
01:20:45.840 --> 01:20:48.880
and their net income are dropping in that environment, Your

1760
01:20:49.000 --> 01:20:49.880
PE should be.

1761
01:20:49.880 --> 01:20:53.119
Eight and talk about a company that has really attracted PE.

1762
01:20:53.159 --> 01:20:55.640
In my opinion is that fsl R. They report earnings

1763
01:20:55.680 --> 01:20:57.720
next week, so we'll see how that is. But they're

1764
01:20:57.760 --> 01:21:00.439
analyst ratings on this. They got thirty eight animals Dave

1765
01:21:00.640 --> 01:21:03.800
thirty eight thirty analysts covering the stock. Twenty six have

1766
01:21:03.920 --> 01:21:06.600
it at strong buy, six have it at buy, and

1767
01:21:06.640 --> 01:21:08.479
six have it at hold. No one has it as cell.

1768
01:21:08.640 --> 01:21:12.960
The average analyst price rating to twenty seven stock trading

1769
01:21:13.000 --> 01:21:16.920
at one forty one this stock, it seems extremely cheap

1770
01:21:17.199 --> 01:21:21.279
with all their infrastructure here, I mean Tempe, their headquarters,

1771
01:21:21.319 --> 01:21:24.479
I mean they make everything that's also and they just

1772
01:21:24.520 --> 01:21:26.720
had on Monday, they had a jump because of Trump

1773
01:21:27.000 --> 01:21:29.439
saying that we're going to put more tariffs on solar

1774
01:21:29.439 --> 01:21:30.560
panels coming out of Asia.

1775
01:21:31.319 --> 01:21:33.840
Right, and so in Phase actually reported some earnings, and

1776
01:21:33.840 --> 01:21:36.840
Phase Energy, which is another solar company, they dropped fourteen

1777
01:21:36.880 --> 01:21:39.920
percent because their CEO, noted on ensertnings, called that the

1778
01:21:40.359 --> 01:21:42.760
terrorists are going to hamper the company's battery business, which

1779
01:21:42.840 --> 01:21:45.960
relies on sourcing from China, which ultimately is why we

1780
01:21:46.079 --> 01:21:48.640
chose for solar because we found that they're American made,

1781
01:21:48.720 --> 01:21:52.439
that they're responsible for all inputs of what they build.

1782
01:21:52.520 --> 01:21:54.880
Big difference, big difference. I've got another one that I

1783
01:21:55.279 --> 01:21:58.840
tripped over last week that the United Healthcare and I

1784
01:21:58.880 --> 01:22:01.159
know we've had some United health Care in the office before,

1785
01:22:01.920 --> 01:22:07.520
hit a new four year low on Friday based upon

1786
01:22:07.600 --> 01:22:11.239
concerns about lower engagement of their new Optimum Health membership

1787
01:22:11.600 --> 01:22:16.199
and higher than expected medicure advantage utilization rates, as well

1788
01:22:16.239 --> 01:22:21.159
as the macroeconomic uncertainties. Stock is selling at fifteen times

1789
01:22:21.199 --> 01:22:24.239
earnings just United Healthcare fifteen times earnings, has a dividend

1790
01:22:24.319 --> 01:22:28.000
of two percent the average price target from twenty four analysts.

1791
01:22:28.039 --> 01:22:29.920
That's why I was surprise for Solar would have more.

1792
01:22:29.920 --> 01:22:32.199
But I guess a lot of the smaller companies might

1793
01:22:32.439 --> 01:22:35.600
follow first Solar and not follow Unite Healthcare. There's only

1794
01:22:35.640 --> 01:22:38.600
twenty four analysts following Unite Healthcare. Every single one of

1795
01:22:38.600 --> 01:22:40.840
them has it as a buy, every single one of

1796
01:22:40.840 --> 01:22:44.800
them with an average price buy or strong buy, average

1797
01:22:44.800 --> 01:22:48.359
price target forty percent above Friday's price forty percent higher.

1798
01:22:48.359 --> 01:22:53.800
There's some good quality now stock that's down fifty for

1799
01:22:53.840 --> 01:22:54.079
the year.

1800
01:22:54.159 --> 01:22:55.560
Well, that's the point, right, you got to look at

1801
01:22:55.600 --> 01:22:58.079
just because the stock is performing when things are going up.

1802
01:22:58.119 --> 01:23:00.640
But there's sometimes where people investors just missing a boat,

1803
01:23:00.680 --> 01:23:03.000
and when something's really attractive in a high quality name

1804
01:23:03.000 --> 01:23:05.000
that you don't think is going to go anywhere in

1805
01:23:05.039 --> 01:23:07.880
the long term, start to build a position. And especially

1806
01:23:07.880 --> 01:23:09.800
if you see a drop, you don't build it all

1807
01:23:09.840 --> 01:23:13.039
in one day, but you can build into it, especially

1808
01:23:13.479 --> 01:23:15.880
in these companies that most likely aren't going to go anywhere.

1809
01:23:15.920 --> 01:23:19.079
We most recently saw that with Boying and before that.

1810
01:23:19.840 --> 01:23:23.439
The glaring example is three AM, Yeah, three M, which

1811
01:23:23.479 --> 01:23:25.800
for two years was at the bottom of the list. Now,

1812
01:23:25.920 --> 01:23:28.119
when you look at something like U nine in healthcare,

1813
01:23:28.880 --> 01:23:31.520
you know they're going to write that ship. It is

1814
01:23:31.560 --> 01:23:35.199
one of the thirty premier stocks in the country. They're

1815
01:23:35.199 --> 01:23:38.119
going to write that ship. Now. What you don't know, however,

1816
01:23:38.399 --> 01:23:43.079
is was the Friday four year low the bottom or

1817
01:23:43.159 --> 01:23:47.399
is it going to go another ten percent lower before reverses.

1818
01:23:47.720 --> 01:23:49.800
What you do know is the twenty four people who

1819
01:23:49.800 --> 01:23:53.680
get paid to analyze companies all say this is a

1820
01:23:53.720 --> 01:23:54.760
stock you need to buy.

1821
01:23:55.000 --> 01:23:55.960
Can we ever trust them to?

1822
01:23:56.319 --> 01:24:00.640
You can't trust them. We can't trust the analyst. And

1823
01:24:01.119 --> 01:24:03.840
we will be back. We're coming up on another break here.

1824
01:24:03.880 --> 01:24:06.000
We'll be back with the final segment of the Money

1825
01:24:06.000 --> 01:24:09.000
Matter Show. Again, we appreciate your listening to us. If

1826
01:24:09.000 --> 01:24:10.960
you weren't out there listening, this whole thing would be

1827
01:24:11.039 --> 01:24:14.439
pretty silly, wouldn't it. Anyway, The Money Matters Show will

1828
01:24:14.479 --> 01:24:15.119
be right back.

1829
01:24:16.319 --> 01:24:19.039
Welcome back to the final segment of this Money Matters Show.

1830
01:24:19.079 --> 01:24:21.479
We had a great week last week, which is just

1831
01:24:21.520 --> 01:24:23.359
another part of the volatility that we've been seeing some

1832
01:24:23.439 --> 01:24:26.079
in the last month. So what we've been talking about

1833
01:24:26.119 --> 01:24:27.680
for this whole show is we don't really know when

1834
01:24:27.680 --> 01:24:29.800
the volatility is going to end. We're hoping that they're

1835
01:24:29.800 --> 01:24:32.640
making trade deals, that the war might end over in

1836
01:24:32.720 --> 01:24:35.439
Russia and Ukraine. All those are good catalysts that would

1837
01:24:35.439 --> 01:24:38.319
help propel the market up, but we don't know when

1838
01:24:38.640 --> 01:24:40.720
or how it's going to happen. We just are trying

1839
01:24:40.720 --> 01:24:42.079
to maneuver the market as we can.

1840
01:24:42.319 --> 01:24:44.239
And Dylan, I think a good example of that is

1841
01:24:44.279 --> 01:24:46.359
one of the previous segment where I said it's going

1842
01:24:46.399 --> 01:24:48.359
to be five thousand first or six thousand, the first

1843
01:24:48.359 --> 01:24:50.239
two of US dot six, two of US dot five,

1844
01:24:50.479 --> 01:24:51.159
and so I mean.

1845
01:24:51.039 --> 01:24:51.920
Pretty much where we are.

1846
01:24:52.000 --> 01:24:55.000
That's kind of where we are. I mean, literally, no

1847
01:24:55.039 --> 01:24:58.159
one knows because you don't know what Trump's going to do.

1848
01:24:58.880 --> 01:25:00.960
You just don't know. And I think that's a lot

1849
01:25:01.000 --> 01:25:03.479
of the reason that I'm leaning towards five is because

1850
01:25:03.840 --> 01:25:06.119
a lot of these companies have pulled in their horns.

1851
01:25:06.359 --> 01:25:09.840
They're not expanding. I have a client who has a

1852
01:25:09.840 --> 01:25:14.119
concrete fabricating company, pretty large, one hundred employees, Phoenix, two sons.

1853
01:25:14.560 --> 01:25:18.159
He said they've lost a number of jobs. IBM said

1854
01:25:18.239 --> 01:25:25.640
that DOGE pulled fifteen government contracts from them. Well, the fifteen, yeah,

1855
01:25:25.680 --> 01:25:27.399
I've got a friend who works in the furniture store.

1856
01:25:27.439 --> 01:25:29.199
They just went through and marked everything up for the

1857
01:25:29.239 --> 01:25:34.479
second time in a month. Are they experiencing cost increases? No,

1858
01:25:35.319 --> 01:25:38.960
it's preemptive because you know they're coming, and that's going

1859
01:25:39.000 --> 01:25:40.760
on in many, many areas of the country.

1860
01:25:40.800 --> 01:25:42.960
So we'll cavey up my five thousand dollars target. With

1861
01:25:43.079 --> 01:25:45.359
the fact that I think that anytime that we start

1862
01:25:45.359 --> 01:25:47.680
hearing the pundits on CNBC and whatever you want to

1863
01:25:47.680 --> 01:25:52.680
watch start talking about US dollar d D dollarization, you

1864
01:25:52.720 --> 01:25:55.239
know the dollar is going to blow up. I think

1865
01:25:55.239 --> 01:25:56.760
that it's typically a good sign.

1866
01:25:57.000 --> 01:25:59.840
Oh, it's a very good sign.

1867
01:25:58.840 --> 01:26:00.119
Because there's a lot of fear out there.

1868
01:26:00.199 --> 01:26:02.000
Oh No, we had a client with wanting to buy

1869
01:26:02.039 --> 01:26:04.720
bitcoin because he thought that the crump's going to convert

1870
01:26:04.760 --> 01:26:07.279
the dollar to crypto. I mean, hey, come on, people,

1871
01:26:08.039 --> 01:26:10.159
I mean you gotta get I mean I turn off

1872
01:26:10.159 --> 01:26:10.840
the TV.

1873
01:26:10.840 --> 01:26:12.600
With Yeah, I mean with that theory too. That's why

1874
01:26:12.720 --> 01:26:14.960
maybe gold isn't done running up, because we haven't started

1875
01:26:14.960 --> 01:26:17.840
seeing all those buy my gold or buy gold commercials. Well,

1876
01:26:18.359 --> 01:26:19.239
I see at the top.

1877
01:26:19.079 --> 01:26:20.600
I heard you guys talking about that in the first

1878
01:26:21.199 --> 01:26:23.920
first hour of the segment. I've been getting tons of emails,

1879
01:26:23.920 --> 01:26:26.760
not about just people trying to sell the hard physical gold,

1880
01:26:26.840 --> 01:26:31.239
but from gold minor ETFs trying to get me in.

1881
01:26:31.359 --> 01:26:34.119
Or you might have googled one of them, maybe, yeah,

1882
01:26:34.119 --> 01:26:35.800
because I haven't got I haven't got any of those.

1883
01:26:35.840 --> 01:26:36.840
I've gotten quite a bit of them.

1884
01:26:36.880 --> 01:26:39.359
No, but I mean you've probably you've probably googled one

1885
01:26:39.399 --> 01:26:42.560
of them for the show or whatever to talk about,

1886
01:26:42.600 --> 01:26:44.520
and now you're on the list.

1887
01:26:44.680 --> 01:26:47.199
And I also think that with gold, if it starts

1888
01:26:47.239 --> 01:26:48.960
to sell off a little bit, that's obviously I think

1889
01:26:48.960 --> 01:26:50.960
that's going to be a really good thing for risk assets.

1890
01:26:51.159 --> 01:26:52.920
Well I think so too, because we've been thinking that

1891
01:26:52.960 --> 01:26:55.720
gold was being accumulated by foreign governments to try to

1892
01:26:55.800 --> 01:26:59.199
hurt the dollar. Well, if gold starts dropping to the

1893
01:26:59.279 --> 01:27:02.760
under three thousand, well that's we might we our thesis

1894
01:27:02.880 --> 01:27:04.119
kind of has holes in it.

1895
01:27:04.199 --> 01:27:07.479
Right, Well, it almost seemed like a flight to liquidity,

1896
01:27:07.840 --> 01:27:11.640
and at this point, will it be if it comes lower?

1897
01:27:11.680 --> 01:27:12.000
Sure?

1898
01:27:12.159 --> 01:27:12.439
Right?

1899
01:27:12.640 --> 01:27:16.079
Sure? We had interesting. One of my favorite topics to

1900
01:27:16.119 --> 01:27:19.319
talk about over the last six months has been cava

1901
01:27:20.000 --> 01:27:23.560
the Mediterranean Chipotle. It was one of the hottest docks

1902
01:27:24.199 --> 01:27:27.399
but has since fallen more than fifty percent. It did

1903
01:27:27.399 --> 01:27:30.439
open ten percent higher on Wednesday. It got an upgrade

1904
01:27:30.479 --> 01:27:33.199
to a buy at Burnsteam. The analyst believe that company

1905
01:27:33.640 --> 01:27:36.479
can be shielded from a downturn in the economy. I

1906
01:27:36.520 --> 01:27:40.239
don't see that, honestly, but he does, and he sees

1907
01:27:40.239 --> 01:27:42.560
the shares rally more than forty percent. Now you may

1908
01:27:42.880 --> 01:27:46.600
recall that Cava is the Mediterranean Chapotle. I think I

1909
01:27:46.720 --> 01:27:50.439
just said that. Actually, so let's go to Chipotle. Chipotle

1910
01:27:50.520 --> 01:27:52.920
is down thirty percent off of they're high. They were

1911
01:27:53.000 --> 01:27:56.640
higher on Thursday despite reporting a drop in same star sales,

1912
01:27:56.800 --> 01:27:58.399
So the first time they've had a drop in the

1913
01:27:58.439 --> 01:28:01.520
same Star sales since the pandemic. Now, of course you

1914
01:28:01.560 --> 01:28:04.960
would have had a drop same door, same store sales

1915
01:28:05.000 --> 01:28:09.560
sense as the pandemic because they were closed. Yeah, you know,

1916
01:28:09.680 --> 01:28:11.640
so it's the first, but it is the first drop

1917
01:28:12.119 --> 01:28:14.399
since then. And they did comment that they're seeing a

1918
01:28:14.439 --> 01:28:16.039
decline in consumer spending, don't.

1919
01:28:16.239 --> 01:28:18.560
Yeah, I could see that, and I mean, but people

1920
01:28:18.560 --> 01:28:20.560
are still going to ge Chipotle. But it's interesting that

1921
01:28:20.720 --> 01:28:23.640
it's also one of the first quarters since Brian Nichols left,

1922
01:28:23.960 --> 01:28:26.720
showing like one of the first declines that it is showing.

1923
01:28:26.520 --> 01:28:27.399
It is it is? So?

1924
01:28:27.439 --> 01:28:30.159
It is interesting, is there is the new leadership got

1925
01:28:30.159 --> 01:28:32.439
the same mindset where they trying different things that aren't working.

1926
01:28:32.680 --> 01:28:33.119
I don't know.

1927
01:28:33.720 --> 01:28:35.960
We talked about the stock being down thirty percent, and

1928
01:28:36.000 --> 01:28:38.439
when you have a stock this is again from forty

1929
01:28:38.520 --> 01:28:41.960
years of experience, when you have a stock that has

1930
01:28:42.039 --> 01:28:46.479
been dropping and they report earning. Tesla is another good example.

1931
01:28:46.720 --> 01:28:53.239
They report rather dismal results and the stock rallies. You

1932
01:28:53.239 --> 01:28:55.720
can take that as a sign that the stock may

1933
01:28:56.279 --> 01:29:00.239
and may Big M may be sold out. I mean

1934
01:29:00.239 --> 01:29:05.039
everybody that wanted out and out. If bad news causes

1935
01:29:05.119 --> 01:29:06.079
this doctor.

1936
01:29:05.760 --> 01:29:07.560
Rally, it doesn't cause you to get out of it.

1937
01:29:07.760 --> 01:29:09.439
Kind of yeah, because you look at it and you go,

1938
01:29:09.560 --> 01:29:13.600
oh my goodness, those are terrible results, and the stock

1939
01:29:13.640 --> 01:29:15.720
opens a dollar higher, but before you know it is

1940
01:29:15.720 --> 01:29:20.119
ten dollars Hire and fifteen dollars Hires. Oh, I've been waiting, waiting, waiting.

1941
01:29:21.079 --> 01:29:24.000
I might have missed Abouttom. You got that fear of

1942
01:29:24.039 --> 01:29:25.960
missing out, and I think a lot that's the Dean

1943
01:29:26.039 --> 01:29:30.079
talked about that with the tariffs, you don't want to

1944
01:29:30.079 --> 01:29:33.760
be sitting in cash with a tariff. Now, as someone

1945
01:29:33.800 --> 01:29:38.119
who believes there's probably more downside than up side. Right here,

1946
01:29:39.880 --> 01:29:42.800
I still would be at least fifty percent invested. You

1947
01:29:42.840 --> 01:29:45.840
cannot afford not to be in there. And I'm more

1948
01:29:45.880 --> 01:29:49.279
of a kind of a fifty percent invested guy right now,

1949
01:29:50.800 --> 01:29:54.920
because if there is some resolution to the war in Ukraine,

1950
01:29:55.000 --> 01:29:58.159
if there is some resolution to the tariff, if there

1951
01:29:58.199 --> 01:30:01.800
are trade deals put together, the market does have upside

1952
01:30:01.880 --> 01:30:04.199
and you're not going to want to miss that. But

1953
01:30:04.359 --> 01:30:07.800
I so I don't get the idea that I'm sitting

1954
01:30:07.880 --> 01:30:11.319
in cash waiting, because that's really not an intelligent way

1955
01:30:11.359 --> 01:30:11.760
to go, and.

1956
01:30:11.720 --> 01:30:12.359
We don't do that.

1957
01:30:12.520 --> 01:30:13.479
We never do that.

1958
01:30:13.479 --> 01:30:14.920
I think a couple of weeks back, we had I

1959
01:30:14.960 --> 01:30:17.000
was given those facts about if you were to miss,

1960
01:30:17.039 --> 01:30:19.560
you know, the three best trading days of between the

1961
01:30:19.640 --> 01:30:22.319
last ten years, your million dollars would be four hundred

1962
01:30:22.279 --> 01:30:22.800
thousand dollars.

1963
01:30:22.880 --> 01:30:25.800
Phenomenal. It's phenomenal to different. I think over the last

1964
01:30:25.840 --> 01:30:28.239
thirty years. What do we say over the last fifty years,

1965
01:30:28.279 --> 01:30:32.079
if you missed all the ten best days, your ten

1966
01:30:32.119 --> 01:30:36.239
percent return goes to five. When you're sitting in cash

1967
01:30:36.279 --> 01:30:39.039
like that, waiting for the bottom, you're definitely going to

1968
01:30:39.039 --> 01:30:42.439
miss those days. And it just makes no sense.

1969
01:30:42.640 --> 01:30:46.800
There's this one, I guess prospect that I have in

1970
01:30:46.840 --> 01:30:49.880
minds that since when once I started here as an intern,

1971
01:30:49.960 --> 01:30:52.319
I think I took his call and he was kind

1972
01:30:52.319 --> 01:30:54.319
of hesitant to get into the market at that time,

1973
01:30:54.720 --> 01:30:56.880
and he still has yet to get into the market.

1974
01:30:57.560 --> 01:31:01.760
Now about one or two weeks ago through this drop,

1975
01:31:01.920 --> 01:31:04.039
he's ready to get invested into the market because the

1976
01:31:04.119 --> 01:31:07.359
drops finally here. Well, the levels that we're at on

1977
01:31:07.399 --> 01:31:10.520
this S and P five hundred now, then from the

1978
01:31:10.560 --> 01:31:12.520
time that he was calling, you know, two three years ago,

1979
01:31:13.640 --> 01:31:15.960
you still missed out. Yes, oh absolutely, you missed out

1980
01:31:15.960 --> 01:31:16.199
a lot.

1981
01:31:16.279 --> 01:31:18.319
Yeah, you missed out on a lot. And then that's

1982
01:31:18.359 --> 01:31:19.119
what's going to happen.

1983
01:31:19.239 --> 01:31:21.760
So if you're looking for a perfect time to get

1984
01:31:21.760 --> 01:31:23.199
back in, there won't be one.

1985
01:31:24.159 --> 01:31:26.399
And Video has gone from the most talked about stock

1986
01:31:26.479 --> 01:31:29.960
to the worst performing dovestock, but it had a very

1987
01:31:30.039 --> 01:31:33.880
nice week this past week. There's been a lot of

1988
01:31:33.880 --> 01:31:37.600
the market weakness in Nvidia has been about concerns about

1989
01:31:38.239 --> 01:31:43.159
slowing AI demand and whether or not companies overspent on AI.

1990
01:31:43.800 --> 01:31:46.439
And if that is the case, then you might see

1991
01:31:46.520 --> 01:31:51.319
their sales of the super high end shifts that they

1992
01:31:51.439 --> 01:31:55.239
sell might start to slow, and that's been the big concern.

1993
01:31:55.560 --> 01:31:59.920
But on Thursday, both Amazon and Nvidia said demand is

1994
01:32:00.119 --> 01:32:03.760
is not slowing and the data centered don is specifically

1995
01:32:03.800 --> 01:32:06.000
which is where it's going to show up first, is

1996
01:32:06.000 --> 01:32:08.760
not slowing. Well, if that's the case, and then Vidio

1997
01:32:09.479 --> 01:32:11.960
could rally back up. Finished at Friday at one eleven,

1998
01:32:11.960 --> 01:32:16.239
I think after hitting ninety four maybe yeah on Monday.

1999
01:32:15.960 --> 01:32:18.119
And I think that's why Verde had such a great

2000
01:32:18.159 --> 01:32:18.800
week as well.

2001
01:32:19.000 --> 01:32:20.560
Right, No, no, it's going to move along. It's going to

2002
01:32:20.640 --> 01:32:22.600
move along with it. Of course, on the other side

2003
01:32:22.600 --> 01:32:26.800
of that coin is our favorite doctor hate Intel. They

2004
01:32:26.920 --> 01:32:30.760
reported revenue and that income for the first quarter above expectations,

2005
01:32:31.239 --> 01:32:35.880
but issued the dreaded disappointing guidance and the soccer was

2006
01:32:35.920 --> 01:32:37.079
down eight percent on Friday.

2007
01:32:37.159 --> 01:32:39.840
I just they just it's sad to see that one.

2008
01:32:39.920 --> 01:32:43.079
It's sad to see it's on American the largest American

2009
01:32:43.119 --> 01:32:46.119
chip company, and it's really sad to see them struggling

2010
01:32:46.239 --> 01:32:46.720
like they are.

2011
01:32:47.079 --> 01:32:48.680
It's like, what are they doing up there? Because they

2012
01:32:48.720 --> 01:32:51.840
have they put invested twenty billion dollars in factories in

2013
01:32:51.880 --> 01:32:54.920
Phoenix and then do they not have cash? What was

2014
01:32:54.920 --> 01:32:57.159
going on when they thought about that. Yeah, like, how

2015
01:32:57.159 --> 01:33:00.279
did how did so much change in two years? Three years?

2016
01:33:00.720 --> 01:33:02.800
When is the company now looking to be bought out

2017
01:33:02.800 --> 01:33:03.600
in all this issues?

2018
01:33:03.640 --> 01:33:04.800
When is it set to be open?

2019
01:33:05.239 --> 01:33:07.840
I think one's being open soon, and then the one closes,

2020
01:33:07.840 --> 01:33:09.199
I think Casa Grand one, and then I think the

2021
01:33:09.239 --> 01:33:11.520
other one's going to start. Was in the midst of it.

2022
01:33:12.239 --> 01:33:14.159
But that's a lot of money and a lot of

2023
01:33:14.199 --> 01:33:17.000
investment to further their company and grow their company, and

2024
01:33:17.039 --> 01:33:19.359
then all of a sudden it just says, no, we're

2025
01:33:19.359 --> 01:33:21.600
not doing well. So I don't know what was really

2026
01:33:21.600 --> 01:33:22.319
happening with that.

2027
01:33:22.840 --> 01:33:26.159
Yeah, but you're right, Sebastian, it's disappointing to see that.

2028
01:33:26.760 --> 01:33:27.800
An American company.

2029
01:33:27.520 --> 01:33:29.199
We'd love to see, especially in Arizona.

2030
01:33:29.279 --> 01:33:32.680
I love to see them do well. Uh. The Southwest

2031
01:33:32.680 --> 01:33:35.479
Airlines thirty percent off the high down another four percent

2032
01:33:35.479 --> 01:33:38.840
at the open on Thursday, despite a good report. They

2033
01:33:38.840 --> 01:33:41.039
said they're going to cut capacity in the second half

2034
01:33:41.119 --> 01:33:44.359
of the year due to waning demand. Now I don't

2035
01:33:44.399 --> 01:33:47.720
know the last I haven't flowen since last summer, but

2036
01:33:47.760 --> 01:33:50.680
the planes were packed. I was on four different planes

2037
01:33:50.720 --> 01:33:52.079
last summer and they were all packed.

2038
01:33:52.079 --> 01:33:54.119
Well, we had you know, fifty percent of them filled

2039
01:33:54.119 --> 01:33:54.800
with immigrants.

2040
01:33:55.000 --> 01:33:58.039
Yeah, I didn't see that because I was going to Minnesota.

2041
01:33:58.079 --> 01:34:00.600
Didn't want to go there. And then we're ssconsin so

2042
01:34:00.640 --> 01:34:05.000
they're not shiving them up there. But the Comcast Comcast

2043
01:34:05.119 --> 01:34:07.520
down twenty five percent from their high. They lost another

2044
01:34:07.560 --> 01:34:10.479
five percent on Thursday to a new three year low,

2045
01:34:10.600 --> 01:34:15.439
despite revenue and that income above expectations because the expectations,

2046
01:34:15.479 --> 01:34:20.640
as you might expect, were pretty low. The problem with

2047
01:34:20.760 --> 01:34:24.520
their report is they continue to lose customers by the

2048
01:34:24.600 --> 01:34:27.800
hundreds of thousands. And now I'm still a Comcast guy,

2049
01:34:27.880 --> 01:34:32.279
and I'm still stuck in that world. Despite talking about

2050
01:34:32.319 --> 01:34:35.279
how techy I am, I'm still a Comcast guy. And

2051
01:34:35.279 --> 01:34:37.920
I think if I were to get a new TV,

2052
01:34:38.000 --> 01:34:39.199
and I'm one of these people, I'm not going to

2053
01:34:39.239 --> 01:34:41.079
get a new TV until the TV I have his

2054
01:34:41.239 --> 01:34:43.479
breaks and I'm not one of theo's going to go

2055
01:34:43.520 --> 01:34:46.039
out and buy a new TV. So the TV I

2056
01:34:46.199 --> 01:34:51.199
have is about fifteen years old, so it's not that smart.

2057
01:34:52.000 --> 01:34:54.720
It's not really a smart TV. And if I were

2058
01:34:54.760 --> 01:34:58.640
to get a smart TV, things might change. Right.

2059
01:34:59.159 --> 01:35:02.119
The only way company like Comcast I think survives as

2060
01:35:02.159 --> 01:35:06.800
if they bundle all this streaming services together, kind of

2061
01:35:06.840 --> 01:35:08.960
like you got Hulu doing a few different ones together

2062
01:35:09.000 --> 01:35:11.640
with Disney and all. Yeah, but that's because Disney owns them.

2063
01:35:11.840 --> 01:35:13.079
So I mean, if you figure out how to make

2064
01:35:13.079 --> 01:35:16.800
it seamless, where you could go to Netflix, Hulu, Peacock, Hbo,

2065
01:35:16.920 --> 01:35:20.000
all the different ones all one one home, make it

2066
01:35:20.079 --> 01:35:22.640
quicker and you don't have to have different logins for everyone,

2067
01:35:22.720 --> 01:35:25.720
different subscriptions for everyone, if one large subscription, it's like

2068
01:35:25.960 --> 01:35:28.600
the new age cable pretty much. Yeah, but it's the

2069
01:35:28.640 --> 01:35:30.720
way I think that they survive. Otherwise they're dying.

2070
01:35:30.800 --> 01:35:32.359
It does make sense that that's the way that they

2071
01:35:32.399 --> 01:35:34.880
would survive. But if I'm Netflix and if I'm Hulu,

2072
01:35:35.000 --> 01:35:36.920
why would you I'm not getting exactly no, I agree.

2073
01:35:36.960 --> 01:35:39.079
I'm just saying I think otherwise they're a dying company, and.

2074
01:35:39.119 --> 01:35:41.960
You're getting involved in this in the cell business as

2075
01:35:42.119 --> 01:35:45.359
trying to Anyway, we got three more days, three more

2076
01:35:45.399 --> 01:35:47.720
trading days left in April. Let's see if we can

2077
01:35:47.760 --> 01:35:50.640
get the other indices into positive territory for the month,

2078
01:35:50.680 --> 01:35:53.279
which would be wonderful. We all want to be happy,

2079
01:35:54.039 --> 01:35:55.479
and of course we all want to be healthy, because

2080
01:35:55.479 --> 01:35:58.279
if we're not healthy, we're probably not that happy and

2081
01:35:58.279 --> 01:36:00.439
at Greenberg financially, what we really want to be is

2082
01:36:00.760 --> 01:36:02.760
pride of all. See you next week.