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How does the stock market impact the presidential election?

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  • Description

    TDAmeritrade Chairman Joe Moglia weighs in

  • Duration 3:04
  • Date

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The German -- of TD Ameritrade on the subject of capacity new book fourth and -- one man's quest to recapture.

His his dream I wanna get into that dream because I didn't know that you -- this -- -- to be your coach but.

Answer me this -- It is the market forecasting.

An Obama victory.

You know I think you that you really made a good point as far as that goes.

I do believe that when the markets are doing well.

It it gives the incumbent.

A little bit of a cushion and I think the fact that.

That's going on right now I think that's still -- -- to make it impossible by any stretch of the imagination.

But it's gonna make it more difficult for Romney he's really going to be the key up his campaign over the span of the next several weeks and he's got to make sure that the voters that are really in his corner getting out to vote.

But the fact that the market is doing well right now it's not necessarily helping him I agree with what you -- Not not helping Mitt Romney on until I wanted to -- book the book that was and about you know I was not aware you'd very successful in the financial industry -- America became utes forced.

But all along you didn't want to become an investment superstar you have to want to become a coats he dropped everything.

Started out as sort of an unpaid volunteer to get back and and and and and that respect animals why what what's the deal.

Well wouldn't -- but exactly the way it took place what have I began my career as a coach -- -- spent the first sixteen years of my career coaching football have you ever hear is that an irony.

Yet -- -- something you've got to return and what apple wasn't 2008.

When the financial world had Armageddon I was on your show number of times then.

We had our six record year in a row at TD Ameritrade we outperformed every financial firm in the world through that period I thought the timing was right to pull the trigger on my -- -- -- we did.

So I've gotten a lot of calls -- made that announcement that summer but then I got -- it got a call from a group of alumni associated with the -- Saying at the end of the 2008 season -- -- possibly that -- was going to be open what I Beatrice.

And the first thing I said -- -- you -- realize about a coaching for twenty years fissionable we've got it done our due diligence on this.

The skill sets that are required for -- college coach you've got those just it's never happened before in the history of college football think about.

-- -- that I've asked Hornaday you know now that's all I did.

Not at Walt melts my twentieth season it's the fourth year this time around on the head coach at coastal Carolina.

I'm doing to -- football's always been a game.

That has intrigued the intellectually.

It's like -- chest with 22 people functioning at once with a lot on the line.

But the part of that -- really touches me you've got a profound impact -- eighteen point year old boys becoming men.

And there are not many fields of endeavor.

They give you a greater sense of satisfaction.

Or reward.

-- what that does and that's why I chose to go back.

Not too bad hope for middle aged guys everywhere that -- as the second coming.

To thank you very much of a blip fascinating book after just.

Hope springs eternal when stops -- comes to town there's no --

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