The Trillionaire Mindset - 50: The 50th Episode Gala

Episode Date: September 9, 2022

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I got a broken one. I think you're the broken one. You know what? There we go. That's better. Alright, oh, we got some champagne too. I don't know how the fuck this works. Don't point it at me. I think you broke it already. No way, man. Really? Don't point it. me. I think you broke it already. No way, man, really? Don't point it. Oh, you twist it. Whoa! Right, not my water. Hey, gang.

That's how we celebrate here at the... For the audio listener, that was a big champagne bottle that popped confetti out. Yeah, and for the audio listener, we are in our finest tuxedos. I wish you could see it. We look. We should see our tuxedos.

We look so good in these tuxedos. I mean, you've seen Chris Pine at the, if you're anywhere on the internet and for some reason you give a shit about this thing that everybody's talking about Chris Pine boy, he's it's giving Chris Pine. It's giving Chris Pine. Yeah Guys, we also have a real bottle of champagne. Yeah, it's it is a $30 bottle of champagne. It's a $70. We're seriously?

Damn, dude, hell yeah, and for those of you who don't know it's nine in the morning eight forty in the morning for us Oh, oh here buddy. You gotta tell me off here. So we are We are definitely should we drink this we should drink the whole bottle right? If you want I need more than that babu. Yeah, if you yell at me like that again Zach Ashley are you getting some of this? No sir. I'm on the job no sir, I am on the job. Oh, you're on the job, oh my God, I'm on the job too, but-

Oh Ashley's not 21. Oh, well. Do we have the Apple Cider? All right, we'll finish the rest later. All right, hey bud. And to you out there at home. Thanks for making this possible. 50 baby, here's to way more than 50 more.

Yeah, here's to at least two more. Haha. Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha Well, you guys are just getting hammered this morning. Every day they're barely at the end. I'm not fucking late. It's a problem. Yeah, nothing like I got my liquid death here. I got my champagne and I've got my ice coffee. So, Emil, you want to explain to the folks how we got these sweet tuxedos? Yeah, you got these great platform shoes also. They're very, these are platform, these are, this is a, yeah, they scared the hell out of me. You were not meant to be that tall.

Yeah. So here's what happened. What happened? I said we should do, you know, a gala for the 50th episode. I think it's pronounced gala. I don't think so. I think it is. Dude, it's gala.

Pretty sure it's gala. Are you fucking with, I'm not fucking with you gala. Yeah I'm pretty sure it is pronounced. Is it print how to pronounce? Pronounced hey Siri how do you pronounce gala? Oh Wait, wait here. I've got the I've got the pronunciation thing right here. Oh Fuck it's gala. It's gal we're both wrong. It's not gala or gala. Anyway, I said we should do a gala. Okay. Well where tux is it'll be fun, huh? Yeah. You said, how are you gonna get tux's that quickly, huh? Yeah, and you said trust me. And I said, okay,

dude. And then I'm gonna do my thing and you get us tux's here are my measurements. And then I got right on it by going to Colorado and doing a climbing trip. Yeah, that was great. That was a really, yeah. And it turns out you can't really get a Tux in like 12 hours. Yeah, no kidding. Who would have thought that leaving it to the last minute

isn't a good idea? And then I said, who cares? We'll just scrap the Galah thing, right? But then what happened? People really emailed in all their, their Galahware, their Black tie, their form aware. Yeah. So I said, we can't leave people hanging. And I said, don't worry, I'll get us,

I'll get us some formal wear. Yeah. And is formal wear is certainly a way to describe what we got. So I don't care, I like it. I think you look great. Thank you. I, it's a little whoa It's at my my microphone spring is really it's giving erection

It's giving erection and speaking of erection man this thing is it is I'm bustin out of this thing I must be a 32 a you look great. Thank you. You look good too. I really I like mine You do you look you look like a you look like You know what you look like you look like the PE teacher at the middle school It's the middle school dance and you are the PE teacher who is shaperoning and you took it a little bit too seriously You're like you're like you know what? I'm gonna dress up for this and Yeah Man that just took me back.

That did take good. Middle school dances, oh my God. Cotton Ijo playing. Yeah, and so you got these shoes too that you decided to spring for, and they look like they don't fit quite well. Well, you know what I figured? I like putting my leg up.

You know I like putting my leg up. And what does everyone do when they see a barefoot? They freak out. Whoa, those dots! Right, for free. So so I said why don't I cover up the feet yeah somebody call animal control because this guy's got his dogs out yeah anyway so should we show some of the the pictures of the yeah first let me give a quick shout to Glenn our boy Glenn birthday boy Glenn and tell everybody that still check that disclaimer

in the description box by clicking C-more. And anyway, here we go with the formal. Look at this, we'll have a nice little audio track with this. Duh, duh, duh, duh, duh, duh, duh, duh, look at this guy. Wow. Because of copyright stuff.

These people said they were in Greece, we love it. All right, yeah, look at that. Celebrating happy 50th, Wow, that's so beautiful. Thank you. I mean, look at that. Wow, look at this guy. Oh, yeah, he's got a little nice glass of piss. He's drinking there.

Oh, look at this. Love this. Another one from Greece. A Greek greetings from Greece. Yeah, and then he, I don't know what that is. It looks like gibberish. It says brothers. It says abdafia.

Yeah, I can't read that though. That's in gibberish to me. That's just the Greek guy. That's just gibberish to me. That's just the Greek That's just a foreign language and this gentleman doing his Greek he says greetings from Greece. It's Greek Yeah, I don't know about that, but okay This guy's showing is he's doing the bend pose he's showing his bare feet doing the dogs out on a hike. Maybe we love it You know that guy? Got a baby Russell Crowe here.

Okay. Pre-P-Beson Russell Crowe. This guy, yeah. We got a salt bay here. Oh, that is salt bay. Wow, and salt bay went to... I know he was a fan of the show. No.

Boy, look at the camera angle makes those feet look huge. Oh, was that Joe Biden? Whoa, Joe Biden here. Wow. Look at this. You look great. Bam, bam. Bam.

You are. Bam, bam, bam. Oh, no! Style! A stock image of a child. Byron here wow look at this you look great. Whatever you are A stock image of a child. No, I think that's a child. Yeah, well look how low quality that image is It was probably the 90s. Oh look at that. He got himself on the logo congrats on 50 of the audio listener. We are going through photos You can just fast forward this if you want, but if not Indoor us. Yeah. Um, uh, this is a, we're looking at people who submitted their images. Man, we're with these guys like seven feet tall. Look at these guys. Jesus, H. This gentleman looks, uh, looking hot from back in April. He sends us a photo.

That still counts. All right. We got this guy with the round glasses. He on a jet skier. I wish we had the geogessor guy here to guess where he is He probably be probably the hotson river up up near. I'm gonna say Newport Beach Gotta get a can of the boy. Look at this guy with his shorts. All right. Yeah Yes, sugar and the sugar and then with an injured wrist to a champagne 11 queen. Oh, yeah, it's shugging the chugging with an injured wrist to a champagne 11 queen. Oh, yeah It's queen. Yes queen with a nice drape on that elegant dress Sipping champagne these this cut lovely couple under on a bridge looks like the Beelji's bridge where they under a bridge under a bridge No, yeah, I guess you're right. That's like one of those bridges you see in Vermont. Yeah, yeah, yeah, very better model

Okay, oh, whoa, it's a sexual photo. Oh, I wish I could see someone understood the assignment. Yeah, it's giving What else we got how many more we got yeah? Oh? Actually dog In a little cutie can look at the hell yeah my boy in the bathtub getting faded on the well. Oh, we got the lady drinking the pink champagne. It looks like Chris peen Very elegant with the big oh my boy looks like me the t-shirt tucked into the he does look like it I have sex with a red-headed woman and give birth to this boy. He was that girl who catfished you. Yeah, maybe yeah Great looking games on that guy.

And we got this lady here looking good. Me and my wedding. Me at the trillionaire of 50-mile gallery. That's the gallery. That's the gallery. Oh, OK, a very stylish man. Very sassy, my man. And yeah, looking good with the tie.

And that's it. Let's stop there. I feel like that's enough here in luck, because that was it. Oh, great. Wow, folks. So that's it for the, I'll tell you what, champion hits a little different at 8.45. Yeah. I'm liking it, man. I'm getting. Hey, you know, as someone who is flown first class, early in the morning, it does truly hit different. I have like three steps and I was like, am I wrong? Oh, man, I'm already getting there. Hmm. We do have a loaded episode for you today. So for those of you who like to bitch and moan that we don't do enough finance. Yeah, what are we out here?

We got a ton here today, but there was one thing we wanted to show real fast. We had a fan infographic. Oh, this is good for the 50th episode. Yeah, it's pretty cool. Someone someone ran an algorithm here and they've got our most used words on every episode. Yeah. Based on censored, auto-generated YouTube transcripts, the most unique words per episode. So it's a Ben Kate. Ben Kate. Thank you for putting in the hard work.

Thank you, dude. Let's see. Can we scroll down here? Let's see what some of these words are. What was the one on our first episode? What was the most you put on our penny penny penny penny penny penny stocks vaccine penny that was a for boating one but we would get paid for these episodes crab was used 17 times in episode why why did we say crab so I don't know 36 times I said that we said the word pudding Why? Why did we say crab so many times? I don't know.

36 times I said that we said the word pudding. Oh, that was, that one makes sense though. You were doing the pudding. Oh yeah, that's right, that's right. Yeah, yeah, yeah. That is right. Putting again and credit for the credit one, that one makes sense.

But then we've got ones like diarrhea for episode. Diary of funny. Yeah, I think right there we've got which one was that buying a Bitcoin? Episode 39. Episode 39. Diary. I imagined something was going on with Ben's stomach. Yeah, probably.

My tummy's been upsetting me. Ghost in episode 46. Yeah, that one makes sense. Spooky following close behind on the one. Holy shit. Episode 47. Bitcoin was mentioned 156 times. That one makes it spooky following close behind holy shit episode 47 Bitcoin was mentioned 156 times I wonder why I wonder why and who is to blame for that and then the most recent one the coke Coke was mentioned 21 times and then coke diet diet coke

Poppilist vulgar trilogy. This is fun. Oh, okay. Thank you. Thank you Ben Cates keep making these see what kind of weird shit We say yeah, oh boy. Oh god every time I put the mic down it like Snaps back up and it's whipping me in the face. I thought that was like a cool rap line every time I put the mic down I put the mic down sass back up every time I put the mic down jack up and then when the fun And the man said the man the man the man the man the man man man. I'm just put the mic down, sass back up. Every time I put the mic down, jack up. And then when the fun, then when the fun, and then when the man's in the minima, man, I'm just like Eminem. Uh huh. Do I look good right now?

Yes. Yeah. I feel. Do you wish I got the tuxes? No, I like this. I will say, I just, I feel very vulnerable. It feels very physically vulnerable to be dressed like this.

So I don't understand. And when I was taken away, I feel liberated, I feel free, I like this. Yeah, I mean, I do it the same time, but when I was peeing, I had to lift this thing up and I almost went, oh, juestyle. Oh, juestyle? Yeah, and the dress almost.

Dipped your penis in the, no, the dress itself almost. So the dress was the French dip, not your penis? Yes, and almost dipped it into the toilet. That would have been humane. Do you have underwear on? Yeah, why do you, oh, he doesn't have underwear folks. He just showed me his penis. And there it is in all of its glory,

little fireman with the helmet on. So, let's get right from from there Let's transition into the markets, huh skip to 13 minutes and 16 seconds if you want to see the finance Yeah, you would see the fight at stuff you fucking bluser I'm just kidding. I love you whoever you are The boys out a little fun. Yeah, yeah, oh, I wanted to do let's go girls We can do that for the bonus episode. We can kick it out for the little shenanigans.

The best thing about being a woman. Okay, so Mark, how many of what's going on in the market, baby? It's been an episode. You know, the S&P has dropped about 400 points since it spiked back up. It hit its 200 day moving average, which is like the long term.

I've mentioned in the very early episodes that there are the two basic moving averages that people watch are the 200 day and the 50 day. Why and how that came to be, I couldn't tell you. That's just what people follow. And there is an old adage in Wall Street that nothing fun happens below the 200 day moving average. And volatility, I think that's it. Like nothing good ever happens after 2 a.m. right? Something like that, sure. And what does that mean? Why? Because that's below, it means price

action is below the 200 day average of the previous 200 days. That means that the longer term trend is... Up or down. I was thinking about the champion. Oh yeah, I'm feeling a little buzzed as well. So we'll get through this. But so it came right back up, but at its head right at the 200 day moving

average and just got rejected like a fucking nerd asking out the prom queen, just hardcore rejected. Is that good? Yeah, I like that. Yeah. Okay. So it's tough out there. And so we've got a bad combination. There's this confluence of events. Remember I mentioned that September is the, let me finish. I got September. September. It's coming up, isn't it? Yeah, it's gonna be old enough to drink, baby.

Yeah, September 11th is gonna be old enough to fight for a country. Oh, it's already is, it already is. So I mentioned that September is seasonally speaking the worst performing month. Always, every year. Pretty much, yeah. And I think at the average that it drops over the last

50 years, or since 1950, I believe, on average, it's down either half a percent or one and a half percent. So this is kind of normal. Yeah, yeah. So you've got a bad combination of September seasonality. Do you know why that is? You know, I don't.

We talked about it a little bit. We made a stupid joke that it was because of the song. It's obviously not. What song? Do you remember the 20th, the Earth Wind and Fire song? Yeah, it has nothing to do with that. Yeah, but we made a dumb joke that it did. Well, there's a lot of old Wall Street saying,

there's one that was selling May and go away, and just like don't trade the summer doldrums because people are on vacation, there's less liquidity, but I don't think that that applies anymore in the days now of high frequency trading and high speed internet connection because yeah. Man, fucking boomers in the silent generation, they love saying. They love saying.

Sayings that like rhyme. Yeah. Yeah. Sail and May and go where? Yeah. Talk to talk. Talk. Talk.

Fuck you. Chew shine boy. What'd you fucking say to me? Yeah. Ha ha ha. Ha ha ha. Imagine that you just like in the 50s, people are talking like that. Yeah. I just lost a ton of money.

It's the middle of June. Well, you know what they say? Sell and may and go away. Ram by the collar. Fuck you. Yeah. Fuck you, monopoly man. I have dare you.

Yeah. So then, not only that, but stock buyback, there's a buyback, there's a buyback blackout period before the next quarter that we're currently in. And companies are always buying back, there's not always, but if they've authorized it, they're buying back stock,

but not right now, because it's a blackout period. So not only those two things, but then you also have the profit reckoning, quote unquote, from the second quarter, getting kicked down the road to this next quarter because, you know, everybody was anticipating the negative profits to be finally showing up,

but it didn't really happen last quarter. It wasn't as bad as everybody thought, so maybe it's getting kicked down, the cans getting kicked down to the next quarter. That's been the fucking story, man. I know, so there's a lot of narratives out there. They're telling us about all this pain, but we're not seeing it yet. Yeah. Well, but we kind of have, right? Because like we dropped and then we bounced from June, we hit the 200 day and since then,

the spies dropped like 40 points. It was like 430 or the S&P was at 4300 and then dropped back down in short order to 390, 3900? Interestingly though, the VIX hasn't really spiked that much. Yeah, we're at, what are we at right now today? If you do the one day. Oh yeah, so today we're finally getting today, which is- Two days ago for you, the listener and the viewer,

we're finally getting a little bit of a bounce. And so I wanted to continue, so if you are, if you're new to this stuff, you know, there's no shame in sitting it out. If you're an active trader, if you're an active trader like me, this is kind of the fun stuff, because I think this is gonna be our fourth red week

if we continue on this trend. How are you doing personally? Terrible. Dude, I've given back so much profit. I actually texted Glenn and I was like, dude, what am I doing? And he said, no, if you wanna talk, give me a call. And I didn't give him a call

because I've just been in such a sour mood about it. How about are we talking here? I gave back almost 100% of my profits. Oh yeah, dapp it up, dude. Yeah, which happened a couple months ago too. I was up huge and then within the last two weeks of the month I gave it all back. Same story here in August or last,

this last month in August. But, you know, but if I were a non-bedding man and if I were just a casual investor, you say, oh, it's not gambling, but then you call yourself a bedding man. Well, yeah, because yeah, sure. But if I were so like, and you're like, look, it's not, because I know what I'm doing and what I'm doing is losing all my money. Shut up. I mean, look, if I weren't me, if I were me but not me and just doing my thing,

I wouldn't be worried at all about the market dropping. I'd be excited to put my money to work and just continue doing my thing, I wouldn't be worried at all about the market dropping. I'd be excited to put my money to work and just continue doing the thing of socking away a little bit. So in this scenario, you're not you, but still a trader. I'm not a trader and I'm just Joe, every person, Joe average listener who's- And you're excited to put your money in.

Yeah, as you should be Continue doing it man. That's the that's the winning strategy that has proven itself over time Oh, man. There was that big we never talked about it that big New York Times article that was like You want to succeed in the market do nothing. Oh, yeah, those come out like every a few months It's almost like they're bored and they're thinking okay okay, what what kind of article am I gonna write here? Let's do another one about it over over time the best thing to do because picking stocks is fucking hard Even if you think you got a right and fewer and fewer Traders and money managers and stuff beat the market. Yeah, I mean you just had that Melvin capital go under, I think Tiger Global or some fucking,

I don't know, hedge funds, they're not doing great. No. Cause shit is hard. And neither are you. Neither am I. I mean overall I'm doing okay, but yeah. So I'll get back to the D-Wack thing, but Spy is looking like it might be bear flagging. You know what a bear flag is?

I was going to say something inappropriate, so you go. So it's a bear flag, yeah, here we go, we pulled it up. It's a bearish chart pattern that's formed by two declines separated by a brief consolidation retracement period. So basically, it's the opposite of a bull flag, which is when stock shoots up and then kind of goes sideways before continuing higher. Same thing, but the opposite, the inverse. It's a down and then a little sideways slash up and then it continues downward. So here's the thing. It's also, the spy is also right up against a trend line that can

be drawn for the audio listener. See, this is why we don't do charts anymore because it's really- Wait, hold on, can you keep your arms look really good when you do that? Are you serious, dude? Fucking- Fucking mock me. No, dating profile picture. Yeah.

Pfft. No, no, no, no, the other one was good. This way? Yeah, I want to see those tries. Trend line, do you see the trend line going up this way? That's good. Oh, thanks, dude. Dating profile picture. So up

against the, there's a trend line that you can draw from the mid-June low up to, you know, then we put in a higher low and just about another higher low. And that's right where we're budding up against. Interestingly, the NASDAQ, the triple Q has already broken its trend line. But so... And now it's trending down. It's below that, yeah, broke below. But that can be a little fake out. So I'm like, I'm really hesitant to short anything here.

Could you think it's gonna shoot back up? Well, because it just feels too crowded and too easy. Yeah, you know, cause it's like, everybody sees the same thing. And I hate to, I know being a contrarian is like a stupid, it can be a stupid thing. Well, I'm bullish cause everybody's just fucking bearish. Well, we should just see what Jim Kramer saying

and go with the opposite of that. There is that inverse Kramer, the F that's out there. That crushes it. I don't know how it's doing. I wonder. But so, but it is looking more and more like, we've just been in like a reflexive kind of bear market rally

from June and now, you know, we're coming down. But I saw these interesting things from Bank of America, right? So, tell me. Several things. Seven out of the last seven bear markets. So, a hundred percent of the last seven bear markets. Wow 100% of the last seven bear markets. Wow, did you do the math on that? No, this is the research that they...

No, I know, but you took seven out of seven, then you said 100%. Yeah, I did the math. Yeah, quick maths. Quick and human calculator. Quick maths. They ended after a fed rate cut. Which we are not going to see for a while. We are not going to see for a while. And they are forecasting the first rate cut is forecast for Q3 of next years. to see for a while. And they are forecasting. The first rate cut is forecast for Q3 of next year. So that's quite a while.

And also they noted that they coincided, co-coins, something with that is that the two-year treasury bonds, the two-year and the ten-year? No, the two-year yield drops by 50 basis points also and the two years yield is going up because people are wanting the short term yields instead of the longer term ones because that shows that they don't believe more in the longer term. Sorry, dude, I'm talking so much already. No, no, I love it. So that's something to consider.

It's like, okay, is the bear market over? Well, not over, but like how much longer do we have? Well, according to Bank of America, it might be a while. But a bear market can go sideways, it can rally a bit. And then I saw this interesting thing. I never really pay attention to the like the PE, the price to earnings ratio, but why? Because I just, I don't know, it feels antiquated and it just feels Feels like some motherfucker saying buy in May and then say you later pal. Yeah, yeah, it feels like one of those

He would look at monocle motherfucker price. I never bought a stock whose PE is more than you know 20 Because you've got shit like Amazon, sporting like a PE of 300. If it's, if it's May and you're buying stock, you'd be prepared for the cock. Yeah, because you're about to get fucked. So Bank of America says that their, their rule is they add the CPI,

plus the trailing price to earnings ratio for the S&P. And that combined should be less than 20 ahead of a market bottom. And it's currently at 27, because they got the PE of 18.4 plus the CPI of eight and a half. And that gives you 27. So according to them, it's a little too early and it's better to be late than early.

And also you had another big thing. We had unemployment rise in August, just a little bit, which happens before a market bottom. But the average lag time, this is the key part, the average lag time between the initial rise and unemployment and the market bottom is 13 months. lag time between the initial rise and unemployment and the market bottom is 13 months. So if all of this is true according to Bank of America, both of these, still a while for the market to bottom, because you got the... But all signs, it looks like all signs are still pointing to more pain. We're just not necessarily there yet. And it's not necessarily a bad thing. If you're like probably a lot of our viewers and listeners,

you're a younger person, this is that once in a decade kind of opportunity that could present itself, if you got cash ready to deploy, just, you know, I said better to be late than early, but if you're still contributing each month and putting shit in, you know, not financial advice, but that's what I would be, that's what I would be doing if it were me. If it wasn't you, if it wasn't me now. If it was you, but a different you.

Dog, I'm gonna need some more chimpanzee. All right. He's gonna be pouring me some champagne here folks, so. Glug, glug, glug. Be careful with that stuff man. It is uh... potent. It's the Vuv Clico. Whoa, whoa, it's foaming! All the way up there? Hmm. Man. Champagne really does fucking slap. I'm worried I think after hours it's gonna be a little weird.

Why? Why? Because we're gonna be alone little bit this. Yeah, but who cares? I'm not wearing any underwear under this thing. Yeah, it will be fine. Man, I was gonna go to the gym today too. See if I can do a pull-up. So, I was gonna do a pull-up with 45 pounds this time hanging between my waist. I'd like to see that. Because I do it with 25 pounds and I can do five, five pull-ups with 25 pounds. I figure I can do one with 45 sure right what's another 20 pounds so all of that's to say All signs are pointing to hey, there's probably a little bit more pain ahead and the vix not really reacting so far Says two different things to me. Yeah, why do you think that is? I don't know. Okay. But it's probably some kind of technical underlying, I don't know the word I'm looking for,

but the, you know, market structure kind of shit that's, God damn it. Mike, the mic keeps on kissing me. But the VIX being low at first blush is like, oh, that's cause there's no panic. That's why, you know, these downward moves aren't necessarily anything for me to worry about but then the flip side to that is oh there actually isn't much panic out there yet and there remains there's room to the upside for the VIX and therefore room to the downside with the market what are you doing what the fuck what

you popping a balloon out of nowhere for are you okay? Did you just have rage that you needed to get out just keep going what was that no we need to tell what was this What was that about did the balloon look at you funny? No, there was too many and it was blocking my view Oh, it was blocking your view. Okay, Jesus Christ It's got just like it was looking at me and then just leans over Had to hold count on one of these effin balloon. I was hoping it was going to be as distracted as little little little little little little. What?

The least amount of distracting is possible. Yeah. Who would have thought that popping a balloon would even be possible? I didn't want to interrupt you. I just wanted to clear out a little space. So I got to story about balloons. And I'm not going to tell it right now because it might be one of the more embarrassing ones

that there are, believe it or not, stories that I feel like I shouldn't tell. You wouldn't even tell it on after hours? No. Maybe not. I would save it for eight ball maybe. So if you can remember, maybe. The little wounds?

Yeah. The one that more people will say. Yeah, yeah. But it's one that my mom is less likely to view and listen to, even though I mean at this point. Who cares? All right. Anyway, I'll be dead in 100 years. Hey Siri, remind me about the April, the balloon story?

I mean, you're naked in like episode 10. Yes, Zach, thank you for the reminder that I was naked. I, Siri heard the Apple or the Blue story. So hopefully I can remember. Yeah, yeah, the Apple or the Blue story. So, all right. So, a couple other things. So, maybe the Dwack, baby. Dwack, you know I'm fucking, I'm dying for the D or the Blue stories. So, all right, so, a couple other things. It's for you.

It's for you. Give me the Dwack, baby. You know I'm, I'm dying for the Dwack over here. I'm dying for the Dwack. The Dwack, D-W-A-C, was Trump's SPAC thing. Yep, he was supposed to murder. For truth, for truth social. And some, I guess they didn't get enough shareholder support

for a one-year extension to complete the deal. So it was down, which is bullshit. They're bearish on my boy, Donnie. I don't know the details of it. These spec things just, I mean, they stink to high heaven. You could probably count on one hand, if not, or two hands, hands if not one the amount of spacks that have gone on to actually be successful um, oh yeah, what's the king? Jamoth? Jamoth pala hapatia. He's got like an insane failure rate

This guy, I mean in 2020 he was seriously touting himself as the next Warren Buffett he was saying that like I'm gonna I'm gonna bring these He was seriously touting himself as the next Warren Buffett. He was saying that like, I'm gonna bring these companies public and they're only companies that I believe in. And he presented himself as an expert, which, you know, I guess you could say he is, I would say instead that he's not an expert,

he's just someone who got kind of lucky making a billion dollars being in. That's how all these fucking guys are. Yeah, being an early investor, or not investor, early employee with fat stock grants in Facebook. They got a little fucking lucky. Yeah. And then they're like fucking,

they think of themselves as like no Stradamus. Yeah. Who's no Stradamus for this? Some people might not know. That like philosopher that people said was gonna... I don't know what he is. That ancient dude who said who like made all these predictions that he said came right. I remember right after 9-11 before you had Twitter before you had Facebook. No should I call it 9-11? Well that's one of the back back in the day sure the only as you as I'm sure you remember but for our

Gen Z listeners the way that internet rumors Spread was purely via email You would get you remember chain emails. Yeah, yeah And I remember getting some from that was early TikTok It was kind of early TikTok, but you would get like HTML heavy email chains. I personally would get them from my grandma's boyfriend Bill who was like 88. I feel like every grandma has a boyfriend Bill. What? I know so many people whose grandparents are dating a bill. Maybe it's all the same fucking guy. This guy's dead and he was so fucking revolting.

He looked like, did you ever watch Renin Stimpy? No, a little bit. Oh man, there was this old man character on Renin Stimpy who had a big bulbous nose and glasses and tiny little teeth and a raspy voice. And that's what Bill looked like. And he would spit when he talked, yes. He was like the personification of that guy. Yes.

Wilbur Cobb. That's what he was like the personification of that guy. Yes, Wilbur Cobb. That's what he was like. He would sit. It was fucking disgusting sitting across from Bill. We would go to like soup plantation. And he'd be eating a salad and you just have ranch dressing mixed with the saliva and you'd seat all over his teeth and you'd clear his throat in the middle eating a salad and you just have ranch dressing mixed with the saliva and you'd seat all over his teeth And you'd clear his throat in the middle of a bite and it just was fucking gross. But anyway This motherfucker would send you the longest email chain and it's all in like light blue So it's impossible to read and it was in comics. I feel bad for them because like

For their entire life, right? It was pretty hard to get feel bad for them because like, for their entire life, right? It was pretty hard to get stuff printed. So they were like, okay, I can, you know, there was obviously tons of propaganda, but they were like, someone printed this out. I can put something behind this, right? And then the internet shows up. And just everything is written, printed word.

I can, and so they're like, Wacky colors on there? Holy shit. Yeah. And they got to tell everyone. Yeah. Well, I would get these email chains and I remember one of them being like, you know, forward, forward, forward, because every time you forward it, it would add FWD to the subject line.

So it would be like FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD, FWD predicted September 11th, the question mark. And then it was just someone somewhere made up, like wrote it as if they were an ancient philosopher predicting vaguely some kind of disaster involving two buildings, two tall buildings. And it just, I remember his big one was like, the world will collapse when there's one world economy or no one world currency or something like that Interesting. Yeah, it's all bullshit. I'm not a real dude. No, sir. These nuts. There's just Fuck you Very good to me But anyway, I feel like I feel like a drunk mom at a sweet 16.

Yeah, I just like take me home. I just feel like, I feel like, I don't know, I feel elegant. And everyone's kind of like, I feel like we should take the champagne from her, but they know it would probably get worse if they tried to take this from her. Yeah, cause you're kind of being pacified by it, but anything could set you off at any moment. Right.

They're like, did you see the see what she did with the balloon? I don't want to. Yeah. It's just all of a sudden the aggression in this woman. But D-Wack, I remember it was once 175 bucks a share. And that was down to... Yeah, we, I think we covered it when it first happened. Yeah.

It shot up. And what happened? I think I tried to buy it. Oh yeah. But you tried to buy it at like 100. No, I tried to buy it at like 30. Oh yeah yeah, and you're like dude. It's hit the top Yeah, yeah, that's right good memory dude Good memory and I tried to tell you not to because I did not think that it would keep going but it just kept going and

That was a confounding thing But then I had to wear with all to buy puts and I made a little bit of money on it on the put side, but yeah, then I just stopped. But yeah, so who knows what the fuck's gonna happen with this thing? If you're out there and you're holding shares in it, good luck to you, because that's what you get

in SPAC world. It's just a, it's a wild it's a, it's the wild way. Do you play him a lot? No, never. So irrational. Yeah, and there's, the structure of them is confusing because there's, I can't remember, but there's like certain people,

they immediately have the ability to sell shares. They're like given shares just for making the deal happen. Like, Chamath gets immediately just, oh, here's $200 million worth of the stock just for brokering the deal or something. This is really a simplistic way of looking at it, but that's essentially it. So that's why a lot of them immediately crash

is because those people who are getting essentially as free money, why are they gonna sit around and wait for the other guy to sell? I'm gonna, you know, they're gonna try to be first to buy and sell the thing. So that's what happened. But there are some, like, so far as was one that was a spec, and I think that that has kind of started to turn around. There was

um... I wonder how the student loan cancellation has affected them in any way. Sofai? Yeah, they, well, oh, they probably bought private loans though, because they were buying out people's student loans and then getting them in, but that was probably private student loans. I have no idea. That's a good question. Yeah. I don't, again, private student loans aren't affected. You know, I bought a post-spac Stalker recently I bought Oscar You know the health care because I'm looking at the like I do I fucking I hate it You know why why because every time I go to log in it's like wrong password and Then I try to enter it and it just it doesn't even let me try again

It just says you need to reset it. So I'm constantly fucking resetting my password on this shit. They were the OG millennial branding healthcare company. Yeah. You would see the cartoon characters on the subway, I would be like, yeah, New York. Yeah. But, but how's the healthcare? It's fine.

You know, it's just like anything else. I switched to Kaiser, I kinda like it. Really? Kaiser temporary? Nice. You should've said like temperante or something. temperante, fuck. Fuck!

Shit! It's the dress, it's choking off the blood supply. I think it's the champagne. It's the champagne, yeah. Damn, this shit's good though. So in other news, there was this big, there's this once a month thing that came out, it's called the PMI data,

which is the, it's named for the purchasing managers index. It's a barometer of the overall economy. It shows economic trends in manufacturing and services sectors. So there's a couple, I didn't know any of this. I mean, I vaguely knew, but I had to dive in, and it's interesting. So there are two sources for the PMI.

You got the ISM, which is the Institute of Supply Management. And their index of the PMI is based on surveys of more than 400 non manufacturing firms is purchasing and supply executives. So they basically go around and they ask 400 executives. Hey, what's going on? How you feeling today? How you feeling today?

And they're like, fine. It feels bad. It feels bad. I don't like it. I actually bought in May. I didn't go away. I didn't go. I should have went away. I actually bought in May. I didn't go away. I shouldn't have went away.

My father was right. I'm not gonna help for it. Yeah. So here, this is me. I'm gonna be the ISM. Well, sir. So thank you for taking the time to do the survey. I'm from the Institute of Supply Management

and you are a purchasing and supply executive, so. That's right. Can you tell me how you feel? Pretty bad. Pretty bad. Yeah. I got on a scale of one to ten, ten being really shitty and one being pretty good. How do you feel? Like a 15. I'm probably going to tell myself. Okay, wow. So that's beyond the, the, uh, this beyond our scope of our business. We're going to need a new scale for how bad I feel. Wow. Okay. That's interesting. You personally are going to bring down the entire index Which mind you has far reaching implications for the broader market? Oh, sure So do you want to change your answer? No, you still feel pretty bad if you could kill me that'd be great

Gotcha. Okay. Well, sir. I'm not gonna kill you But I can point you in the direction of someone who may be able to help Anyway, thank you so much and if I I may suggest, have a donut or something. They always make me feel better. I won't. So. And then, so the S and P standard and pores does their own. So they're like, they, they,

standard and pores does their own. And the ISM does theirs. And here's the interesting thing. Give me the interesting thing, I've been fucking waiting. ISM comes out at 56.9%. That's not bad. Up.2% compared to July. And guess what, that shows growth in the services sector,

which is- Oh, what's Standard and Pores is doing though? Continuing a 27 month expansion. It's bad. ISM, the ISM, yeah, let's look at this. Let's look at this before we get the, the ISM services PMI came in at 56.9. Anything above 50 is growth.

Anything below 50 is a contraction. Don't tell me the SMP is slow. Well, wait, let's first look, let's see. We got the services is growing, business activity growing. I love that. New orders growing, employment growing, growing business activity growing I love that new orders growing Yes, growing supplier deliveries

Uh, slowing What is that thing? Yep, slowing Uh, inventories, contracting When this is good, we don't want inventories to keep growing This is prices What do I find out? Leah Michelle can't read

Prices? Prices are very good That's where all the younger listeners Backing of orders growing new exporters just overall growing pretty good and the rate of change faster fuck yeah services sector growing for the change faster good good good right right you would think so yeah then the S&P comes along the S&P's thing they're like oh no actually standard in, we do our own, you see, I'm standard, this is my brother poor.

And we're showing a... What is Joe or so he can do that? Yes, we're showing a contraction. We're actually, you know, ISM showed their PMI at 56.9%, but as it's standard impose, we're showing down to 43.7% That sucks. That sucks. Yes, but you know, it's just different so no he popped another balloon Jesus Jesus Christ so But here it's 10 and then pause we're a little bit different. We don't do agriculture for three fishing, fishing, and hunting, mining, utilities, and construction. Why don't they touch that?

I don't know. I couldn't get you an answer. But so the ISM includes some big shit like utilities, and utilities has been on the up and up. It's just this big question, who's more accurate? Well, it depends on who you ask. The ISM tends to cover, depending on who you ask, the divergence between these two, standard and poor, showing a contraction, the ISM showing an expansion.

Depending on who you ask, the divergence is due to the, I know, it's a champagne. The ISM is mostly big firms, and the S&P standard impose includes more small and medium sized ones. Oh, a little pain on the small firms. Yeah, a little penis on the, a little pain on the small firms. Yeah, then it's not what you were gonna say. I said it, I completed it for you. And then we had this guy who works for the S&P

says the ISM includes, yeah, he said that there's quite a big variance in sector coverage with the ISM notably including public admin Which usually holds up better in a downturn plus utilities, which is currently doing very well So who knows this is Chris Williams and who said that it works for standard and boys shout out Chris Williamson shout out to state Chris Williams and he is from standard in boys. I like doing that voice. It's so fun. It makes me uncomfortable. It really why it feels like you're doing a thing What do you mean? Standard in Poise

Isn't it like a traditionally Nebysh. Yeah. Oh God, I don't know anyway, so yeah Oh god. I don't know. Anyway, so yeah, so the market was pretty torn yesterday and or two days, three days ago for you guys. Yesterday for us, because today is Wednesday. We are recording this on a Wednesday this time, because we got the big TMG live moment house thing yesterday for you guys. Why do you get into logistics tomorrow for us?

You don't have to tell them. It's my autism. Ben. Tomorrow for us have to tell them it's my autism Ben Myself diagnosed not self diagnosed someone on the internet diagnosed you. Yeah, that's right someone someone sent a very very sweet earnest DM Like hey, I think I could help you out. Yeah, I think you've got it. Maybe I know I got it. All right. It's a superpower So Baby, I know I got it alright. It's a superpower So Yeah, so there's a couple other things though hit me and it's all about just how

You know where we're talking about oh are we entering a bear market? Yeah, time me a bow on this fucking thing. I'll tie you a bow. So I, I saw that the housing prices are starting to flatten and maybe drop the median listing price dropped in August from like 460 to 420K or something like that. I can't remember, but also, here's an interesting stat. I love the interesting stats. Housing is the least affordable.

There's this thing called the NAR Housing Affordable, Housing Affordability Index. It measures whether a typical family earns enough to qualify for a 30 year fixed mortgage in a typical single family home without spending more than 25% of their income on payments. And look at this thing, dude. On the right.

According to the NAR, housing affordability. percent of their income on payments. And look at this thing, dude. On the right. According to the NAR housing affordability. Wow, we are at all time lows, baby. I don't know if it's all, it must be. Well, it only goes to 1972. It might be when they first started tracking. But it is at negative, the previous low was just about 1980 when it was just below negative 20% and then the other Paul Walker probably started jacking up rates probably yeah, and then the other

Major low was just about 2014 and we have broken that record and we are now at negative 30% so housing is just about Is inaccessible as it gets since they've been measuring the shit. Why don't millennials wanna buy home? Millennials are too busy buying avocado toast and sucking each other off to be able to. Hey, maybe if you skipped a latte,

you lazy piece of shit, you have a home by now. Maybe if you use some instant coffee instead of a, fff, fff, fff, fff, fff, of French press. Are you spending your entire salary on avocado toast? You piece of shit. Hey, dipshit, wanna buy a house? Stop subscribing the only fans. Hey, quit blaming your parents for destroying the economy and stop buying... What do we buy? What are we fucking buy? I don't know my spending all my money. I mean we I I personally spend all my money on food and

Like vacation when I can And even then it's I use the points to fly I spend all my money going to weddings and watching my friends Tell each other they love each other hate wedding You ever start calculating how much you've spent on weddings and you go, what am I doing? Yeah, my buddy Paul had a wedding up in like central northern California and it cost me so much money and here's why.

Yeah, what the fuck? I already had a point on my license because like I made an illegal left turn or something and I rented a car to drive up there for this wedding and it was a it was a modern car so I'm not used to it so I'm not used to being able to just go 80 miles an hour without even thinking or got a speeding ticket speeding ticket was like 400 bucks or whatever it was and then that second point on my license from it made my car insurance go up for like two years.

Oh, that's so like overall, I calculated, I'm like, damn, this wedding cost me like three grand. From between renting the car, the hotel, driving up there, the game. That's on you. Yeah, of course it's on me. You can't blame your friend. No, mine, blame your friend.

My next three weddings, ones in Puerto Rico, Ireland, mine. Blame everything. Mine's three weddings. One's in Puerto Rico. Ireland. Rome. Hell yeah. Not hell yeah. Yeah, how much money is it gonna fuck a cost?

A lot. It's gonna suck. One of my favorite flights I've ever taken was flying to LAX from Dublin, Ireland. Why? Because- Can you get direct flights? I swear to God, yes. Okay.

The plane never made a single turn. We took off and I was like, whoa, we're not making... Oh, we must be pointed right in the direction. We never... And I paid attention. The whole way we did not make a single... For the last turn, how much probably about at least 10 hours? This man is staying alert.

So, I mean, I had a window seat and usually, you know, you take off and then you make a turn to go wherever we did not we just had this pleasant just a scent. And you're looking over at the person in the middle seat. I think it was my brother. And you're going my girlfriend. Was that it? Did we turn? And they're like, what? Oh, sorry, go ahead. Just go back to where you're doing my girlfriend. Was that it? Did we turn and they're like, what? Sorry, go ahead, just go back to it where you're doing. Anyway, so back to me talking way too much in this episode, I'm sure somebody's gonna have something to say about it.

You can't win. We will. Pfft. Oops. We got a bunch of guys going. It'll talk about it, we'll find out. Right, so I said stack it, baby. Give them the stuff they want.

Yeah. And then you know what? There's gonna be people complaining. Ben's talking too much. Whatever. Give it to him, baby. That's right. I said let it rip.

I did see, so I saw something, it's funny, because there's all sorts of conflicting data out there depending on where you look and depending on What your perspective is either things are getting better or things have yet to price in all the bad right and one cool thing that I saw Is that shipping rates have dropped 60% in the last year. It's way cheaper to ship containers all over the world The backlog I don't know if you even saw this because it hardly made news. The backlog at the port of Los Angeles, it's almost completely clear.

So you would think what, what does that do for inflation? It would hopefully go down. I would think shipping rates were a huge driver. Yeah. And this backlog, people not being able to get the goods they want. So we'll see. Yeah.

But obviously, it's not like, it doesn't match exactly. Yeah, and you had it you had a combination. We had as as Walmart reported as target reported the inventory glut. They had so much inventory anticipating this consumer demand that never quite fully matched reduced that inventory glut did what? It reduced demand for cargo shipping and not only that, apparently the fleet, the net fleet of ships globally for shipping is expected to grow 9% in 2023 and 24. So not only are you going to have more ships out there available to handle more shipping, but you know, there's less demand because of all that supply that's still out there. And yeah, I would hope. Would hope that that does something for inflation. Would love that. However, fucking drone pal could take us foot off the goddamn J-POW,

but but apparently shipping rates aren't expected to drop to pre-COVID level. So there's still that. There's still going to be elevated, but it's like, all right, give me a fucking break man. Give me a fucking break dude. I got a pee so bad, but guess what? I'm gonna hold it. We love it. All right, so let's jump into some,

you wanna do some crypto corner real quick? Peep, peep, peep, peep. What's going on? It's not good. Tell me, you tell me. Bitcoin, taking a fucking hit. You think we had anything to do with it? What are they at now? They're probably at like 18.

It was holding steady at 20K for a while. People had said that, oh, look at that 188. Yeah. People were saying it looks like Bitcoin found its bottom. But that is not the case. Bitcoin found its bottom, huh? What was it, ungrinder? Bitcoin found his bottom?

What was it, ungrinder? You think we had anything to do with it? Us, yeah, definitely. You think our crypto episode did it? Bitcoin was like a, Bitcoin was like a, was like me eating, eating in and out burger on a Friday night. I'm getting a burger, I'm getting an animal fries,

I'm getting a shake, because guess what? It took a huge dump. It did. It took a huge dump. Did you already offload all of yours? Are you still on the phone? No, I sold like 0.7 of my Bitcoin to buy this energy web token that I am like.

Lost money on as well. No, I'm like breaking up on it. Yeah, I was up on it pretty big because I bought it at like $3.90 and it shot up to five and I thought, hey, I'm just gonna hold onto this thing. But this last Monday, September, whatever the fuck it was, fifth, September fifth, I think it dropped more than $600,

or no, Tuesday, sorry, it dropped yesterday for $600. Or no, Tuesday, sorry. It dropped yesterday for us. It just in the middle of the day, it just fucking tanked. It was like a liquidation event. I don't know if someone out there had to... Some big whale? Yeah, some big whale had some sperm whale out there had to splooge out there and get it all out.

That's gross. I hope that everyone who's not a whale gets out and lets all these people. All the whales suffer. Maybe it was one of the Winkle Vosses who was like, I've got to buy. Dude, we never talked about it because other shit came up, but remember I was like, one of the Winkle Vosses up to anyway.

And then I looked it up after the show. Yeah. They started a fucking cover band. It's in the... Dorks, man. Have you watched any of it? No. They're just like, I mean, they're not horrible. Sure. It's very mediocre, but they play kind of big venues because they have a following course. Like they played the Stonepony in New Jersey, which is kind

of a famous or maybe it was the wonder bar. Either way, and that's what's the capacity. Like, like under a thousand. It's still pretty sizeable. It might be like 500. Do they play instruments? Or do they sing? Yeah, one of them sings and the other one plays guitar. Yeah, kind of this. Hey, good for them. It's important to have passions. Thanks for a great one last night in San Diego. See you tonight. Tonight's that Telegram. No, that's 10 week old. Oh, man. Look at them. God. They look like can we play it? Can we hear the audio? I Don't think we can't oh god. Yeah, well, let's let's do it. Let's do it. Let's try to figure it out Yeah

Yeah, he's not singing yet. He's got on big boots and he's got the little heel chain He's got the chain. Yeah, rocking out. Yeah, wait, come on, come on. They saw Bitcoin taking a spill and they were like, you know what, we need to have a backup plan here. What do you say, we become the most rockiness cover band to distract. This might be why Bitcoin is chit in the bed.

These are the guys who are back in it. Well, did you see Michael Sailor is getting sued? No. You didn't see that. And I think- I've been in the woods for like five days. Michael Sailor is getting sued, I think by Washington DC, because- The city?

Yeah, like the district attorney or whatever, Washington DC, I think is suing him because to quote them, he's been living in DC and hasn't paid taxes in like over a decade. I think he was based out of DC or something. Let's see. DC, yeah, micro strategy, co-founder, Michael Sailor faces charges of evading United States income taxes.

He allegedly incurred while living in Washington, DC. Yeah, over $25 million in DC income tax. Okay, so that's nothing for him. But saying Luchi, who we're trying to get on the show, who you guys would love, I've been following this guy saying Luchi for years. He's an options trader. He has been, he's kind of had a similar arc as mine

in the sense that he had huge success and huge failure, but on a bigger scale I Saw that he was short 40 Bitcoin. I don't know how the fuck you short Bitcoin. That's a question that I'd like to ask him and but Yeah, I Personally have bids in because I have some cash still in like in my Trading account. I'm not gonna say where, cause I don't want people to try to,

whoever the fuck keeps trying to hack my Venmo account, stop, it's annoying. I keep getting emails every day. It's like a new form of sliding into my DMs, it's some dork out there who's like, oh, I'm gonna try to hack Benmo. I keep getting like new sign-in attempt detected. Like, I keep getting people sending me money.

Lucky. Goddamn. Anyway, I have a bid at 18,000 and then another one at like 17,000 or something like that. So, oh, and then, should we talk, you know, we got a minute here. We could do real quick, we could do, how about we do we talk, you know, we got a minute here. We could do real quick. We could do, how about we do Pinterest always, oh wait, fuck, we had two things we should

do. We can save the Pinterest thing. How about the bedbath and be on the... Yeah, we gotta go. That one's crazy. The bedbath and be on CFO. So the CFO fucking leapt to his death in New York. Yeah.

Tragic. It's insane. Yeah. And I mean, headlines are coming out. People are trying to, I don't know if they're trying to connect it to things, but there's a big lawsuit happening. I think it's, he was named, and I think Ryan Cohen

for a pump and dump schemes. And then the other one I keep seeing was that it's right before they're about to close a bunch of stores and lay off a bunch of workers. And I'm like, I can't imagine this, I mean, this is happening everywhere. If I can snap, laid off 20% of its employees, it's, you know, there's layoffs, everyone's slowing.

And I can't imagine this guy was like, oh no, economic downturn. I'm gonna jump out of my building. Right. I'm so curious what's going on. Yeah. I mean, we may never know unless he left a note or something, but who does know? Who knows? The ap I mean we may never know unless he left a note or something but but who does know who knows the apes the apes

No, the apes always know the apes are so fucking smart and I if you don't Follow the and when we say the apes we mean the the AMC apes the AMC the the game stop apes the people who know that the moass is coming the AMC the the game stop apes the people who know that the moass is coming a K a the people who bought into game stop and AMC at the top right or on the way down and then just kept losing but there is a subreddit called gme underscore meltdown it's so great all it is it's probably former apes who have gotten wise to the game and it's also just people like us who love to follow along with their delirium. A little bit of a shot in fraud.

Shot in Freud. Shot in Freud. So they found this post from Wall Street Bets and the title of the post is Be Prepared for the ultimate FUD. FUD is fear uncertainty and doubt. And this this this delusional ape in in the wake of the bedbath and beyond CFO killing himself. Of course, this is natural like this is to them, it's a conspiracy. It's always a conspiracy. Um, as the minds are just seeing what's really going on. Oh, yeah, oh, yeah,

maybe we just don't know. But as the mainstream media stories are released, we can see the obvious play. They're going to try and take out Ryan Cohen with the dirtiest of smear campaigns. This is their game. He's about to be implicated in the death of bedbath and beyond CFO by the scum Media they may even get him indicted and sidelined. This is their grand plan Take Ryan Cohen out of the game by destroying his reputation and hope that the apes will all sell and run away I

Don't think so. The only thing that will blow the lid off of this now is the absolute inevitability of the mother of all short squeezes, the Moas. Our enemies are terrified. Your resolve is absolutely critical now. I will now buy GameStop continuously and dollar cost average, whatever the fuck, until I'm either broke or a billionaire. Probably broke. Probably broke. Probably broke.

Probably broke. Broke. To me, it's not even about the money anymore. It's about exposing the foul underbelly of the US stock market and its media scum shills, then laying a biblical level of ways to all of them. That's what I can't take. The fucking like, them propping themselves as activists.

Yeah. It's about exposing the foul underbelly of the US stock market. No, it's not. You fantasizing about becoming a fucking producer. You guys all thought you were gonna be rich. You put everything you had into it and now you're fucking so in over your head,

it has to come true. Yeah. It's like, that's exactly right. It has to come true or they're dead. Yeah, it's literally those are the two options. He's either gonna go broke or become a billionaire. It bums me out so much. It's like every it's it is confirmation bias. Like taken to the to the to the furthest extreme. Yeah, it's insane. It's tragic, man. Like, because then people read that and they,

I remember when I was in Pennystock world and the stock that I was in was down 90%. All that took was one post being like, yeah, but they're also doing this and this and this and I would think, yeah. Yes. Oh yeah yeah, you read the shit. Sure thing. And it's, dude, if you, if all of your wealth is tied up in the shit, you read this and you're like, oh, fuck, yes, it must be true. Yeah, it's all gonna come out. Yeah, they're gonna get exposed. They're so fucked. Yeah. Also, if they're short the stock and the stock is down like 60% guess what?

They've already made a fuck ton of money shorting the stock. They're not sitting there going oh fuck Oh shit, we're still short and the stock isn't dropping more. It's already dropped so much. Yeah, they've already made so much money These poor people we're getting we're getting told to shut the so much. Yeah. They've already made so much money. These poor people, we're getting a, we're getting told to shut the fuck up. Yeah. Either the, the, the, the, the, producer Zach is writing, shut the fuck up. Now shut the absolute ultimate fuck up.

So I guess we should shut up. We'll see you guys in after hours. Thank you guys for tuning in to 50 episodes. Yeah. Uh, subscribe for after hours if you want to see us talk about some more shit. Genuinely, thank you so much. Thank you. It has been almost a year, I think, since we've been doing this and it feels like yesterday

and it's really, really fun and cool. I think I'm gonna put my underwear on for the next one because I've got penis and balls right on leather. And that's exactly why I love doing this. Can you believe it? Everybody out there who leaves nice comments and everybody who doesn't.

And those who don't comment, the silent listener, the silent viewer. Those are my favorite, the guy who's just tuning in. He just likes to enjoy it You just doing it. He doesn't say but remember to comment because it does help the you got you do have to come I was joking. I don't like those guys the silent guys. Yeah, fuck you. I know I say the guy. Hey speak up Speak up you bitch. I like the show. Why don't you say something? Yeah, tell Chris you're doing it every week. Say something Christ on the cross

Ridiculous. Anyway, there's Ryan. We love Ryan. He's looking at us. He's laughing because we're in a dress. It's not that crazy to be in a dress. All right, we gotta go. We gotta let it go.

They sent in the big guns. Ryan's here. Okay, we're gonna go pay some. We're gonna try not to do a Jew style with the dress and the toilet, dip it in the toilet, and then slurp out the pee out of the dress. All right, see you in after hours. All right, love ya!

This week on After Hours. The pee hole, it's all piss. Alright, so we solved cancer. Next heavy topic for us to figure out. Tag! Jack Nicholson. It was fuck! It was in 80s video.

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