Stock Market

Stock Market Animals – Stocks Don’t Beat the Stock Market | Animal Spirits 202

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Stock Market Animals – Highest Rated?

In episode 202 of Animal Spirits, Michael Batnick and Ben Carlson discuss the roommate theory, the massive scale of the 5 big tech stocks, rational vs. irrational bubbles, pros and cons of Robinhood, crypto going off, and much more!

Listen to the full podcast episode to hear more from Michael and Ben on the latest in business, the economy, and investing:
https://open.spotify.com/show/71siUnIMn0iQY7Kz5BQSqJ?si=M5qNwTj-R-eZB5WTavidyg
https://podcasts.apple.com/us/podcast/animal-spirits-podcast/id1310192007

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#investing #finance #stocks

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37 Comments

  1. suman c
    July 30, 2021 at 5:40 pm

    Me: red eye + headache. I schedule teladoc, send pictures of eye.
    Teladoc: u must visit ER now, u may have glucoma in your eye, get eye pressure tested.
    Me: rush to ER, get painfully eye pressure tested, diagnosed with conjunctivitis. Get 1800$ ER bill. Nice.

  2. Alexandra Oliveira
    July 30, 2021 at 5:40 pm

    32:25 – My take is: if you give people more money, most people are just going to spend more money. (great show btw)

  3. eWorkNOW
    July 30, 2021 at 5:40 pm

    Don't know how I bumped onto this. All in all GREAT clip 🥇😎. I also have been watching those rather similar from MStarTutorials and kinda wonder how you guys create these stuff. MStar Tutorials also had cool info about similiar money making things on his channel.

  4. Cease Rothstein
    July 30, 2021 at 5:40 pm

    nah the biggest belt buckle at the bar was crazy 🤣

  5. Kyle V
    July 30, 2021 at 5:40 pm

    About the exercise equipment, concept 2 rower. Those things were popular 20 years ago. More popular today. That's also the only home gym piece of equipment I can think of that demonstrated staying power

  6. K K
    July 30, 2021 at 5:40 pm

    Blockchain does NOT fix the HELOC risk. If interest rates rise, then the equity falls. And at low rates it falls quickly. The issue isn't one of confirming ownership, it is one of risk management. If the home price falls enough, the owner just mails the keys back to the lender. Now the lender is left holding the bag on a loan where the value of the asset has fallen. If the lender doesn't allow a HELOC, then that gives them more cushion. Anyone who doesn't believe this should run a model where interest rates rise 100 to 200 basis points over 12-24 months and see what happens.

  7. K K
    July 30, 2021 at 5:40 pm

    When you post a chart on Millennials it doesn't really tell you much without two days points. First, the millennials' income levels broken out. Second, how many of those millennials were propped up by 'wealthy' parents. This book in real estate could potentially be impacted by 'wealthy' families 'buying' second homes for their kids.

  8. K K
    July 30, 2021 at 5:40 pm

    How is it a political thing to move tax rates to where they historically were 50-60 years ago?

  9. Bartleby
    July 30, 2021 at 5:40 pm

    Prof Galloway is to cringe what Chinese art is to Chinese art : cringy af.

  10. solution encryption
    July 30, 2021 at 5:40 pm

    I respect John Bogle 👏

  11. Gian Maria Malmesi
    July 30, 2021 at 5:40 pm

    Stops hunting is notoriously how big firms make money, hard to believe till you get stopped out and then you see your stock rising. That's why you see some erratic movements sometimes at market open, once you get stopped out is extremely difficult to get back in fighting doubts and insecurity.

  12. K K
    July 30, 2021 at 5:40 pm

    The dumbest thing right now are those 8% account where you can earn crytpo on crytpos. That will be found to be a big part of this Ponzi and a part of the bubble. Be careful about locking up your assets. Things can turn on a dime.

  13. K K
    July 30, 2021 at 5:40 pm

    Robinhood is just trying to distract. They should be shut down. They are so insincere and blatantly disregarding rules companies like theirs should be following.

  14. K K
    July 30, 2021 at 5:40 pm

    If the Shiller CAPE ratio is market cap (i.e – market value) / divided by earnings, and the cryptos are securities, then shouldn't the CAPE ratio include the value of cryptos as well? (This is a material question given that the value of all cryptos is larger than the largest company in the world.)

  15. STEPHAN FEIBISH
    July 30, 2021 at 5:40 pm

    On % stocks that finished positive after a decade. Take a look at what happened to the Canadian Venture Exchange. And it would probably be worse if the exchange didn't bend over backwards to keep the companies alive/listed.

  16. JAW CRACKER JESUS
    July 30, 2021 at 5:40 pm

    Change the name of the show to "Keynesian Spirits".

  17. Denton Yoder
    July 30, 2021 at 5:40 pm

    26:50 🤣🤣🤣 had me rolling

  18. Lucas Pedro
    July 30, 2021 at 5:40 pm

    “You buy things you do not need, soon you will have to sell things you need.” Warren Buffet

  19. Paul Dacus
    July 30, 2021 at 5:40 pm

    9:00 The thing that is different now, is there are 5-6 (quasi)monopolies in the US. There has been 1 in existence at any given time in the past (AT&T, IBM, MSFT), and they were usually the largest market cap companies in the World. But we have several monopolies in the US now, each of which is making a huge amount of money on largely intangible assets. And the thing with monopolies is they are chronically underestimated as far as earnings, and hence on price. So 30% of the market cap of the US has earnings that will be chronically underestimated, and the stocks will probably outperform for years.
    This market action feels like a bubble, but this time, it actually IS different. And this country seems to be in the business now of building Global Monopolies. No other country seems to be able to do this. We're becoming the Worlds Monopolist maker.

  20. Mohammed Bahaa
    July 30, 2021 at 5:40 pm

    May be the Morningstar study is just showing that there were a lot of public oil companies.

  21. Karan Arora
    July 30, 2021 at 5:40 pm

    How many of the companies in that 42%, 22%, etc. breakdown were Non-S&P companies? I feel like that plays an important role. Also love the longer format

  22. Zero11
    July 30, 2021 at 5:40 pm

    Old guys, who didn't buy apple until like what 2016?, are not the people you want to take advice from about anything futuristic – Crypto, VR, gaming, etc

  23. BonFire
    July 30, 2021 at 5:40 pm

    Loved this pod BUT Ben:1) you actually said "realer". No such word. 2) Robinhood will never be bigger than Schwab. Why? Recently I went to sell a stock at 9:31. Schwab's site kept telling me there was no such stock. (I took a screenshot of the site message) By the time the site let me sell the stock-I was down thousands! I emailed my "Schwab Rep" who IMMEDIATELY forwarded my screenshot to the trading desk, who in turn, refunded my account in FULL for the difference. That will NEVER happen with Robinhood and why I've been loyal to Schwab for many years.

  24. Kurt S
    July 30, 2021 at 5:40 pm

    HELOCs are available Best Home Equity Loan Rates in May 2021 | Bankrate

  25. Sixter
    July 30, 2021 at 5:40 pm

    Speaking about pool chlorine, I have a pool service company. My chemical costs have gone up about 50% across the board, chlorine tablets are up about 70%. Pool equipment is in short supply, and many distributors are raising prices.

  26. Blake
    July 30, 2021 at 5:40 pm

    This was great.

  27. Jeffrey Culley
    July 30, 2021 at 5:40 pm

    I love the longer format

  28. Hammeger
    July 30, 2021 at 5:40 pm

    @Michael – Watch the original "West Side Story" (again) before this summer's release of the remake. Borrow a blu-ray version from the local library.

  29. Ewok16
    July 30, 2021 at 5:40 pm

    My dad just bought the aeroski exercise machine. Comes with VR goggles.

  30. Cosmo Palmieri
    July 30, 2021 at 5:40 pm

    love the show why was " What are your thoughts" video this week taken down so fast?

  31. Bill ODonnell
    July 30, 2021 at 5:40 pm

    "Did they come out with the Treadmill?"

    You mean the one that kills little kids and was recalled this week? 😅

  32. Mark TheShark
    July 30, 2021 at 5:40 pm

    We had a Nordic Trac.
    After 6 months, it became a staging location to hang the dry cleaning shirts after walking in the door, before they got hung in the closet

  33. Deniz C
    July 30, 2021 at 5:40 pm

    Teladoc lost half a billion dollars in 2020. In a time when we had a global health crisis, and everybody was stuck home – When do you think this company will make money?

  34. Larry IW
    July 30, 2021 at 5:40 pm

    I remember "locals" in the pits in Chicago running stops" all the time it was even easier than looking at charts since the locals knew where the stop loss orders were.Same when I worked at bank trading desks in fx.None of this is new

  35. Ticker
    July 30, 2021 at 5:40 pm

    I have several big belt buckles. Super tough guy.

  36. Michael Blum
    July 30, 2021 at 5:40 pm

    Michael Batnick looks kind of like Joe Ingles

  37. untamedkb
    July 30, 2021 at 5:40 pm

    One of the best episodes yet