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prompting some to ask if the u.s. stock market reflects reality in the economy. let's talk aboutke)9 this doomy scenario. matt mccall is author of "the next great bull market," appropriate title for us, dan -- matt, and daniel schafer, president and ceo of schafer asset management. matt, obviously, you don't agree with the doomsday scenario, dan, you do have concerns. let's start with your concerns. why do you feel perhaps we are heading for something that doesn't look good whether it's the stock market or the economy? and we realize those are separate things. >> i'm not looking at a doomsday scenario, i'm looking at a slow drip down of our economy going into the deflationary depression. we're in the early stages now. the reasons i say this, one of them is they're 40-year cycles. you go back to the '70s, we had an inflationary depression, the '30s was a deflationary -- so that's the first cycle i look
fund. but is that testimony a risky strategy? matt mccall is the author of "the next great bull market." you have been busy. >> so has jon corzine, apparently. alisyn: there was a cover story that depicted him as a hand-on high-stake risk taker than previously known. he was in to taking risks with this money. what does that tell us? >> he's ceo of a major company and he's making large trades for his company, checking the market 24/7. that sounds like a gambling addict. if you are doing this for mf global, it tells me he knew something was going on. he made a couple big bets to save this company. alisyn: i'd sounds like he knew
it is with glory hull radio .com. -- the glory hole radio .com. >> is that the name? >> yes, you can get my new pod cast. >> is that on a religious network? >> yeah. oh boy. >> matt, what is up with your book? >> it is next called "the next great bull market." you know what i know about vibrators, just imagine if i can get you some money. >> actually i read the book and i thought it was interesting the only thing bernie madoff was guilty of was getting caught. i thought that was interesting. >> yes. >> courtney, finally doing the twitter thing? >> i joined a couple years ago, but i am officially tweeting now. i need a little chiron like
with the post game wrap up. >> what is up with the pod cast? >> it is brand new. you can check it out. it is with glory hull radio .com. -- the glory hole radio .com. >> is that the name? >> yes, you can get my new pod cast. >> is that on a religious network? >> yeah. oh boy. >> matt, what is up with your book? >> it is next called "the next great bull market." you know what i know about vibrators, just imagine if i can get you some money. >> actually i read the book and i thought it was interesting the only thing bernie madoff was guilty of was getting caught. i thought that was interesting. >> yes. >> courtney, finally doing the twitter thing? >> i joined a couple years ago, but i am officially tweeting now. i need a little chiron like
when we can deliver that, then we have consumers who are better informed and making good decisions and we start to have a competitive market in consumer credit that actually works. works to deliver lower prices and better products just like it should. >> you'll get more information out there, you'll have a more informed consumer, however that was only one ingredient in the mortgage meltdown. greed was the other both on the industry side and on the consumer side. what do we do to combat that? >> you know, i want to say part of it was greed and hype. people were signing all kinds of documents that it wasn't clear what was going on in those documents and a lot of people thought they headed one way and headed another. the know before you owe project, is really about the sober look, there's what this thing is going to cost. it says, you know, before you bite something off, check out the size of bite. >> right. >> and see what you're going to be involved with here.
a basket of 30 stocks. >> yep. >> you think from cbs to time warner, news corp., through them all out there. they're in that basket. take the company specific risk. look at the chart up 21%. beating the market over the last 12 months. this is a great way to say, you know what? i want to invest in media without picking one. >> which for many of our viewers is probably a better way to go. >> for the individual investor, it's so difficult to pick one stock. >> etf happens to be pbs. not to be confused with the media company. great to see you as always. matt mccall. to go to college or not to go to college? when jobs for grabs are hard to come by is college worth the expense? i'll tell you next in my x, y, z. [ male announcer ] for fastidious librarian emily skinner,
somebody might not buy it. that seems to be the wrong way to go on this. i want to say, i'm very pleased about how the industry generally has responded. sure, there are some people who will have their remarks about this. but we did this whole project because it started with conversations with community bankers and credit unions. we talked to them about where the paperwork was too burden somg, where there was too much regulatory ap pa rat tus and where they weren't able to serve their customers. they identified this project and we're the ones that picked it up, ran with it, talked with them, and right now what they are telling us, those folks on the ground trying to serve their customers are saying, hey, this looks good for us. it cuts costs for us. it reduces the burden on us. it makes it a little cheaper to put a mortgage forward. that keeps more of us in the market and we're behind this. behind it big time.
talk about a quick return. investors in the linkedin ipo saw the worth of their shares more than double on thursday. the stock priced at $45. it opened at $83 and quickly topped and quickly topped $100 a share. if you sold it high you did very well. only problem is a few of you out there were able to get in on the stock at the beginning. that opportunity is generally limited to big investment funds and their top clients. also a big week for hollywood. broadcast networks unveiled their new primetime lineups and what's known in the tv world and up front week. no schedules announced, programs showcased. advertisers start placing their bids. we all love our favorite tv shows. is this a good opportunity for you to invest in the companies that actually show those shows? matt mckauly, author of "the next great bull market."
we've seen a comeback in advertising spendings. >> a huge comeback. stocks have outperformed the market over the last few years, had a great run. if the economy slows down, what then? >> what do you like? >> cbs. i hate to say that. the stock is amazing. the chart's amazing. look what it's done. more importantly, charlie sheen. charlie sheen is gone but ashton kutcher is coming. >> this country scare you? 82% in a year? >> you look at the valuation. if i take every cable network, television company it is actually the most attractive right now. taking names away, most attractive company out there. >> nonnetwork, what else do you like in media? >> netflix. the future right now, i'm watching my television shows. i'm watching my movies wherever i want to watch them. you talk about being scared. look at the chart of netflix. >> that's 771% in five years. although most of it's been in the last year.
let's start by talking about these ipos. linkedin. sort of makes me go back to the late '90s, early 2000s. >> i was getting these flash backs of 1998, 1999 before the bubble burst. linkedin, they're first to the market. what's next? it's going to be groupon. it's going to be facebook, twitter. they're all going public at valuations that are enormous. trading at p ratios of 600. it's mind blowing. >> should you invest in the media sector in general? we talked about networks. we talk about linkedin. is media a good place to be? >> it is. everybody is still in media if you think about it. there's a couple risks. if the u.s. economy slows down, they're based on advertising. people are not spending at much money on -- whether it be linked -- >> it's mostly banks, autos.