Emotional Damage πππ
Dumb Money w/ Matt Kohrs
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Dumb Money w/ Matt Kohrs
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RISK WARNING: Trading involves HIGH RISK and YOU CAN LOSE a lot of money. Do not risk any money you cannot afford to lose. Trading is not suitable for all investors. We are not registered investment advisors. We do not provide trading or investment advice. We provide research and education through the issuance of statistical information containing no expression of opinion as to the investment merits of a particular security. Information contained herein should not be considered a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is not necessarily indicative of future results.
Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
DISCLOSURE:
I have a beneficial long position in the shares of AMC & GME either through stock ownership, options, or other derivatives.
Um um foreign, you you, ah, this is rough. Man like this is so bad. This is so bad. I don't even want to look at this.
This is so so so bad. This is so so bad. This is so bad. Everything is just like dying.
Oh man. It's funny because it hurts uh. Well, that's some classic millennial humor for you, you boomers and you genziers won't get it, but us millennials. This is the type of pain that we sign up, for.
This is definitely definitely in our wheelhouse. Okay. Well, oh man! Oh man! Oh man, i'm just this - is painful, painful, painful, painful, okay! Well, here's a look at it! Here's your emotional damage, new, masochists destroyed, destroyed, destroyed, destroyed red red red red red red red red red red red red red. It's a little bit of a cosmic twist when you see that doge and sheep are the only green things on your watch list, and everything else is getting its teeth kicked in.
This is brutal. I figure we don't even need to do this like the way i handle a lot of the issues in my life out of sight and a mind. So in that vein of thought, let's just not look at it. Let's talk about other things, ouch.
I just snorted coffee out of my nose. Elon musk's twitter investment could be bad news for free speech. You know on the topical hang on. If we're not going to have a normal stream today i might as well huh keep go.
Oh there we go, we might as well get into better talking mode um. Where was i elon? Musk's twitter investment could be bad news for free speech at first. I know your knee-jerk reaction is wow. That sounds stupid and that's that that's because it is but then you think about it a little bit more and then you realize that this is potentially one of the most exciting little petty arguments we could possibly have between billionaires.
You know the washington post is owned by jeff, bezos and elon, commonly just makes fun of bezos and like their race to space, and all that stuff, like always, is making fun out of them. And now like, like, like even elon like when he's like fighting with the sec and various like regulatory committees and the government, like he's always making fun of jeff bezos and the washington post, and now the washington post comes out with this elon musk, like could be Bad news for free speech, i mean that's tough talk for the washington post. Like you have one guy who's like hey, i think people should be able to say like what they want. As long as it's not you know like calling for violence like how can we spin this, how could we possibly spin this? Oh bezos? What will you come up with next and then, of course, what did elon say? Uh washington, post always good for a laugh so wild.
I just love this scenario. You have a bunch of people. Obviously bezos doesn't like um uh, probably the twitter board at this point. In time doesn't like him and elon, he just doesn't care he's just gon na do what he wants.
Just gon na do what he wants absolutely wild. You know, what's even more wild, it's time to put on our sad hats. It's time to feel sad. Rich new yorkers may have taken may have to take out own trash as doormen strike looms, i mean when are they ever going to catch a break seriously? When are rich new yorkers ever going to catch a break seriously, all that we possibly expect out of them and now and now they might have to take out their own trash. Are you kidding me folks? I don't know if we should start a gofundme or if we can set up some sort of donation type of a scenario but like they're. Just never when are rich new yorkers ever gon na get ahead. When are they ever gon na? Finally, get a break in life, i just i know. We've talked about a lot of sad things and a lot of you are probably feeling a bit of sad today, looking at the markets and just the general red and the carnage but understand it could be worse.
You might have to take out your own trash and i just at a certain point: you have to open your heart up. Think about it. What would mother teresa do if mother teresa saw some rich new yorker who had to take out their own trash? She would help she would offer a hand of assistance. There might even be a tear on her face to show that she emotionally understands what they're going through and don't make it don't get me started on these doormen win the gall the goal, the pure balls.
They have to think that they deserve fair wages. Are you that's disgusting? I've heard a lot of messed up things in my day, but the fact that there's an entire union that thinks they simply deserve fair wages, fair wages like how greedy it's disgusting, it's glut. It's a gluttonous nature, pure gluttons thinking. Oh, i wish i could pay my bills super easily super fairly and not get behind, even though inflation is ripping through the roof and we're not properly compensated for everything that we do.
I think i just want a little bit of a boost in pay, so i can really not have a hard time paying my electricity bill and other basic necessities like come on. Bro grow up. Just ask your parents to like get into your trust fund early or something i don't know do what we all do just tap into your trust fund. Like i, it's like not that big of an issue, the fact that they are choosing to not use their own trust funds instead of just like working and taking out trash for the other rich new yorkers like come on, like be normal, just get into your like.
Come on, like trust, fun, dude i've had enough of this honestly, i don't even know if i want to talk about this anymore, i'm just getting frustrated, but obviously uh thoughts and prayers with all the rich new yorkers who may have may now have to take out Their own trash, i just sympathies seriously. I couldn't imagine what that would possibly be like going through like it's just it just shows you it's a humbling experience honestly, like no matter how bad you think your day are. Is it shows you that other people are having worse days? So is this sad? Yes did, i think a lot about. Maybe i shouldn't be sharing it with you, because i didn't want to make you all sad. Also, yes, but i think it's good. I think it's good for us as a community to understand that, even in our moments that we're not feeling the best zone out, there is having a worse day and you could have had your entire day. But imagine also, on top of that, having to take out the trash for some like and that's just because a d, a greedy doorman, wants a fair wage and refuses to access their own trust fund. Crazy, crazy, crazy, crazy.
Now, let's move on to more crazy, a democratic lawmaker bought 31 different stocks, including shares of defense contractor raytheon. The day russia invaded ukraine, his office blamed miscommunication with financial advisors, miscommunication alert, miscommunication alert. I swear on baby jesus himself. I did not think that raytheon would do well the day that ukraine invaded it was a classic communication.
In fact, i just got a tip from my doorman. It was a mistake if i wasn't so busy taking out my own trash i'd, be able to not make super suspect looking trades. It's not my fault. Ask the doorman, i'm on his side, i'm on his side, i'm on mister, my doorman.
I have to take out my own trust now. I'm super sad, i'm sad and i'm angry. I'm sad, i'm angry and i really wish i had lunch today ran out of spaghettios. I don't know what vibe this guy's going for, but let's go on.
Let's move on don't get me distracted, democratic, representative earl blooming. What is that name? Earl blooming onion, mr blooming onion of oregon bought 31 different stocks. The day russia invaded ukraine, including up to 15 000 worth of shares in defense, contractor raytheon, but mr blooming onion office says that the purchase on february 24th, together valued at between 31 to 465 000. They were mistakes.
I mean listen up peasants, peasants in the back, shut up and turn around and listen to me. If you haven't accidentally bought 465 000 worth of a stock you're lying. You show me someone who hasn't accidentally bought 465 000 worth of stock and i'll show you a liar and trust me, mr blooming onion. He is no liar due to the miscommunication.
His financial advisors purchased some stock on his behalf. When this was reported to him, he immediately ordered it sold at a loss and gave unequivocal unequivocal direction that he should not hold any individual stock well you're about to find out a very interesting definition of immediately now. I know a lot of you. Maybe some of you, maybe a couple of you hanging out with too many doormen.
You might think that immediately, you know means like instantaneously. I know we cover a lot of word: devin definitions on this stream, so a lot of you are you're you're ready for your sat exam at least the word part of it. Math. Maybe we'll fail that part, but for words: you're good you'll crack out the old thesaurus and you you know that immediately means like right away. Instantaneously, well, prepare to be gaslit, but before we get to that, let's look at what he bought. He bought raytheon, google bank of america, blackrock goldman sachs home depot pfizer starbucks walt disney congressional disclosure records indicate that mr blooming onion on march 14th sold all of his stocks. He purchased on february 24th, whoa immediately um immediately. So let me put it this way say i'm hanging out with my bros and we're crushing it we're doing just like we're doing bro stuff we're eating some cheez-its we're drinking some sangria, we're watching bachelor, we're doing typical, dude stuff.
You know like real macho man stuff and let's say your babe calls you up. Let's say typically, let's say for this story: she calls you on february 24th, your babe calls you ring ring and she's like. Where are you and you're like? Oh babe, i'm hanging out with the bros and she's like hey. I need you to come home.
Can you help out? Remember we have like eight children and you're, not home, like that's inappropriate and you say i'll come home immediately now all babes in the audience. How do you think that would play out and i've never been in this scenario, but i'm just curious if, if you call me on february 24th - and i say okay i'll, be there immediately and then i show up on march 14th, i happen to be a relationship Expert and i have a feeling that that would be interpreted in what we in the biz call a negative lens. I don't know just my opinion, but let's move on there's more to this story. Well, some of these stocks declined in value during the time mr blooming onion owned them.
Others, including raytheon rose members of congress, are required to disclose the values of their stock trades in broad ranges, making it difficult to know precisely how much mr blooming onion made it or lost that's fair, and they also just regularly don't report anyway so like who the Hell cares about their ranges, but what i think is funny is so some of them actually increased and immediately was half a month later. But if we go back to the quote from his office um, i just want you to know that we sold out a loss as in like maybe one of them was at a loss and they still reported him. He immediately he's he's an old school guy. We only communicate with mr blooming onion from we use carrier pigeons, so it was like in the world of carrier pigeon communication.
It was immediate, i know a lot of you, cool new gen, z, kids, you text and you email and you could do a stock trade immediately, but not mr blooming onion. Look at this guy. This is a guy who is a pigeon carrier, messenger guy extraordinaire. You don't get a bow tie and a nifty little green pin like that without knowing a thing or two about carrier pigeons and that's how he communicates so in his world. It was immediate if you think honestly, if you think that this story sounds suspect at all. You're wrong and you also probably support those gluttonous doormen who just want fair pay, so i just want you to know that you're wrong on both of them, but wait there's more someone shouts from the audience. Oh thank you. Let's look into it but matt.
He seems like a guy who doesn't want to do insider training. What's going on with mr blooming onion's wife, mrs blooming onion margaret kirkpatrick aka, mrs blooming onion, her holdings. According to mr blooming onion's, most recent annual personal financial disclosure included up to half a million dollars worth of stock of northwest natural gas company. Well that that sounds like an energy play.
Oh oil went from 60 to 140 this year and and she had a no, no, no, no, no, no. No. She had half a million dollars in an energy play in one of the most historic energy play. Rips ever you know some people just have all the luck, not those damn doormen, though, where she recently worked as a senior vice president and general counsel.
She also bought up to fifteen thousand dollars worth of quest diagnostic, a leading covid19 test provider, as the pandemic took hold in march 2020. What she whoa, mrs blooming onion when she puts it on she puts it on half a mil in a gas company before gas. Rips, there's no way she had inside information being a senior vice president or general counsel, or just having a husband who's in government. Don't have that thought in your mind, because you're wrong and you're dumb and there's totally a reasonable explanation for loading up on a company that benefits off of coven 19..
All right. This is getting a little bit harder to defend, but nonetheless i will do it. I will do it, i will do it, mr blooming onion, for his part, wasn't the only member of congress or even the only member of oregon, the report errant stock trainings on the day russia invaded ukraine. Just all these, like i, i hate that i hate it.
So much there, i am i'm just sitting. I just sit like this in between streams. I just sit here. I just look, i'm like when's, my next stream and i have a little bit of anger just because i'm an angry person, i just sit there.
I don't know what vibe i'm going for. I haven't really worked on this part of the bit, but just act like it's funny. If you could laugh, that would make me feel a lot better, but anyway i just sit there, and then i hear the diggity ding ding ding of some of my trading apps and just errant stock trades. I hate that folks, there's certain people in this world and then there's other types of people.
That's a fact check it. There are some types and then there's other types, but the particular types i want to dive into. In this conversation, there are certain people who have doorman that will not access their trust fund. Then there's also those types of people who accidentally bought raytheon. The day there was an invasion of a sovereign, independent country and those types of people are also commonly besieged by errant stock trades. They exist. It's sad. Our heart should go out to them.
They have to throw their own trash out, give them a break. I'm so sick of you, people, thinking that this is somehow wrong. It's not wrong! If you throw out your own garbage, you don't know if you're accidentally, just trading massive positions, that's so silly! Well, let's get into the other ones, who apparently have errant stock trades. Senator ron wyden recently disclosed that his wife nancy another nancy basswide and purchased between 550 000 and 100 000, an app on february 24th.
The shares of apple were purchased in error and immediately sold on the same date with no game. It's all right ron. I too, fire blinks, no biggie, it's just it's more of the social implications of it, but if we we've all we've all errantly fired planks before uh folks, i'm such a petty. I thought we could dive into a little bit more of the history of some of our favorite people, as the pandemic raged at least 75 lawmakers bought and sold stock in companies that made covid19 vaccines, treatments and tests.
I bet they just know a lot about the market. I bet they were all wiz kids in their math class and know a lot about the economy and have not been career. Politicians, oh, what they're all career politicians and one one stud i might add - um. Oh okay, that's weird! Maybe they just got lucky: let's look at what else is going on? American-Made, javelin and stinger missiles are heading to ukraine.
At least 19 members of congress personally invest in the defense contractors behind them, okay, um! Well, i guess it's a smart play. We saw that the war was coming and hey. I guess, if you're betting, on the right side, that that makes sense like the companies who are going to help protect a sovereign, independent nation. Maybe it's not that bad? Maybe my moral compass is off by a few degrees and we could just recalibrate it there's no way, there's anything worse than that hey we need that.
We need covet testing. These are companies that are doing a good service. There is no way on planet. You can possibly make it worse, it's impossible for us lawmakers or their spouses personally invested in russian companies.
What the is wrong with these people, man, they invested in russian companies as the world is sanctioning them. This is the most ever. I bet they were errant trades. I bet they were definitely these have the vibe of being an errant trade.
I mean i've in my heyday of the market. I know an errant trade when i see one - and this was an accident - there's no way, there's no way they did this on purpose. This is god, damn it's, these goddamn doormen not doing their jobs. There's got ta get out of this mountain of trash, so i can go and buy russian companies. Oh i love it. I love it trying to get canceled matt uh. They could try the beautiful thing about this is, with all my personalities. I always have an audience.
So even if it's just me, i'm gon na be here having a good time. Oh man, man, man, man, matt, didn't kill himself. He heard it here. First, oh, what else do we have going on? That's what i have for you uh.
I don't really feel like looking at the market, because it looks really really bad. I just rich new yorkers may have to take out their own trash, as dormant strike looms. Makes me sick makes me sick, hey kathy wood states. She believes oil is heading to 12 a barrel.
Well, she was right for a lot there and now recently, she's been very, very, very wrong. Activision incorporating nfts. What did biden say they all like barack better. He just needs a friend.
He just wants a friend. Do you know how much better you have to be liked to draw a crowd more than the current president, like on a relative basis, you had to be like way way more liked. Uh kinky, someone got hurt. Sorry about that, what else is going on? What else is happening? All right? I guess i could put the market back up.
Maybe we bounced off of support, maybe in this sea of red in the sea of red. Well folks, we have a couple minutes. Let your questions fire, let your questions, fire ssr rule! Well, that doesn't really protect us short sale restriction. It means when you drop 10, you're put on it and you're on it for the remainder of that day, as soon as you drop 10 and you're on it.
For the remainder of the next day as well uh, it means that you can't go short unless the tick this ticker is actually going in an uptick, so it doesn't flat out, stop shorting. It just stops like the dog pile effect of. If it's going down, you can't take a short, then, is it turned out on tuesday? It feels like that it feels like super sad kind of cry tuesday, if we were to give it a particular name, how long going long on decorative tour stuffs? That's a good investment. I like that you're thinking outside of the box.
That's a you notice that doormen are going to go away decorative door stops! That's a good investment trim, your hairs, tuesday couture you're, cutting your own hair. Again. Remember the last time this happened, someone someone sent help yo funky bum, you see my azi tweet told you we're gon na need clean lithium. I didn't, but i like it.
I like the sound of it. It sounds provocative, oh folks, how much time ugh oop it's gon na be loud. I have a minute left and i just remembered to turn it off, so we don't blow out our ears um, but i have a minute to share a super super sad story. So just me, actually i don't know if i shared this with you or not, but could you believe that my riley reed like that whole stream got demonetized? They said it was inappropriate for advertisers. It's just. I don't even think i said anything that inappropriate. I just put a very strong female business owner on my thumbnail and then was a tiger in my stream. I don't think i said anything wrong, but they said it was inappropriate and got completely demonetized.
Actually it got demonetized on two different reasons. I forget what the other one was. I can't believe it. It happens.
The casino is closed. You don't have to go home, but you can't stay here folks, that is it for today, tuesday april 5th, here's the planio. I need you to listen up. First of all, if you have to take out your own garbage that sucks, you should get a doorman.
Second i'll be posting some extra content tonight so watch it because it makes me feel better as a human also check out cores check out the tick tock check out my myspace check out my only fans get subscribed to all of them for the low low cost Of 69 a day uh so we'll be pos, we'll be posting some of that stuff i'll be streaming tomorrow. Bright am bright, am bright and early in the am 9am you better be there or you will be a square and that's pretty much it that's! That's kind of it, that's it! That's all. She wrote that's what she wrote for the day um. So i need to figure out what to put in the update, video and then and then and then i need to film a tiki taki, so i'll figure that out and then that stuff will be posted.
But overall, thanks for the good vibes today, you made this absolutely horrendous red sea of a day, a little bit more bearable. I appreciate it, you guys are rock stars. Thank you. Thank you.
Thank you! I'll catch. You later have a beautiful evening. You.
Funny man if elon ever goes into the tulip market watch out lol
hopefully the MOAS happens soon Have been holding for almost 2 years and Iβm getting really fatigued
HAHAHA !! same here i lost money today . FU/POS Gary
GREEN GREEN GREEN π€‘
Brilliant
Bright AM Baby!!!
βBlooming Onionβ – I DIED.
The dip before the rip π€π
Sooooo, today is a buy day? SWEEEET!!
A moment of silence for those having to take out their own trash… π
Painful day
U blind if u didn't see this coming cmon. After all we been thru
MAn, Im laughing so hard at this Matt, thank you, even though the situations suck, all we can do is try to get a laugh out of it.
Did he put "Sun-in" in his hair while in Miami? What's next Duck with frosted tips, chest hair out, and gold necklaces!?
To the mooon
I could eat a peach for hours
Wolf of Wall St 2- Matt time to do drugs and hookers!