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00:00The mood on the floor has been a bit sketchy.
00:23You know, the floor is a very pro-Trump atmosphere, and so, you know, even some of the pro-Trumpers were wondering, they're all looking at their 401ks like anyone else, and they're all, you know, some of them are just like they're drinking the Kool-Aid and they're all in, they're gung-ho, you know, it's right where we're supposed to be.
00:41I don't know what planet they're coming off of, but, you know, we're all looking at our 401ks that are down 20% going like, this did not have to happen.
00:50This was a self-inflicted wound, you know, and then there are people around the country who are probably looking to retire at the end of 2025 who may, who lost 50 grand, you know, they had, maybe they had 250 in there and now they're down 50.
01:05They may not be able to retire, you know, and there's the possible implications of a recession, the R word has been tossed around.
01:13Mr. Trump was handed an economy and a market that was just a beautiful box with a bow that was in, you know, it was ideal, it was a perfect, perfect, perfect scenario.
01:26And, you know, and I believe everybody felt that, you know, there was a wild card coming in.
01:30We knew that he had tariffs on the agenda as well as some other things.
01:35Policy was not very clear and that was sort of, that was the wild card around it.
01:38Now, you know, the first thing that's broken this market is the uncertainty and anxiety and stress and fear around the tariff thing, because the tariff thing is, it's a big deal in its own right.
01:50But when you have it looming and you don't have clarity about it and a plan and a policy, well, then you're left hanging out there like a, like a big salami.