Growthy growth names, it's generally and purely on a valuation basis. Paying 70 times sales for something, sorry, it shouldn't do it in my opinion. The Dow is the dumbest index you can get your hands on right now. But buying 10 of these companies will send them to the moon when they're valued at 75% or 80%. And even when that number drops by 75%, those stocks are still up about 10%. Just don't overdose on it.
The Dow closes out a strong (relative to other indices) month, and we take a closer look at the collapse of FTX.
(0:21) Jim Gillies discusses: - Why the Dow Jones Industrial Average is "the dumbest index" - Where investors can find ballast for their portfolios
(15:12) What actually happened with the collapse of FTX? Dylan Lewis and Ricky Mulvey take a closer look at that, as well as some key takeaways for investors.
Stocks mentioned: SHOP, AAPL, KO, MSFT, COIN, HOOD, MSTR
Host: Chris Hill Guests: Jim Gillies, Dylan Lewis Producer: Ricky Mulvey Engineer: Dan Boyd
Learn more about your ad choices. Visit megaphone.fm/adchoices