Wall Street Corruption Continues
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Dumb Money w/ Matt Ep. 96
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Cause we're holding on forty life, getting them tended so soon, don't be mistaken. The apes won't be shaking or breaking because we're going to the monday very soon gon na wake up on the moon brand new yacht and the mcdonald's in my living room, bright, yellow, lamborghini, 50 meter, swimming pool champagne every day, ain't fam. What you do wan na hang wan na chill. Oh, you got ta.

Imagine two! Oh that's right held on tight jack titties every night. We was in way back when they tried to chop it down to ten henches had enough of these feelings, but the eggs were rebelling cause we never be selling until we sent it to heaven now we'd be out of yelling, hey screw. You kenny. I want my wife, a minivan to share with the boyfriend, but i pull up in the bench plate, saying olive cranes going on an airplane, don't think we'll be back again celebrating every day like it's, your birthday cause we're holding on for the we'll, be mistaken.

The apes won't be shaking or breaking because we're going to the moon expectation, probably more manipulation. If you do, a creation of a crooked operation brought more while it was low, got more dips and traded joe's. Oh, you thought that we'd, let go what the hell you take us for, while allah in squalor, we don't claim to be scholars, we the smooth brain dummies and we never stood totally yeah. We do this for love and we do this for our honor.

A follower of 11 ain't got nothing on us. We the planet of the apes anymore, as we trust m-o-a-s-s. Oh hell, yes, gon na, send it into space. Go fire up the jets done.

My dd call me out and john rocket man. This is the way gon na be girl, reunites, ground control to major time. We bout to have liftoff call, don't be mistaken, the aches won't be shaking no breaking because we're going to the moon don't be mistaken. The ace won't be shaking or breaking because we're going through them we're going to next fucking town good morning, good morning, happy monday october 4th welcome back to what is this episode 96 of dumb money with me matt and you you amazing, beautiful ape, i hope, you're Having a phenomenal phenomenal monday morning afternoon evening, i have no clue where you are, but i hope you're having an absolutely great one.

Let me just get this adjusted so with my little robotic arm here, folks, folks, folks, what is this matt corres turns his lights on at night and walks slowly up the stairs barry. I love it. I like i love uh. I love the enthusiasm folks, folks, folks, folks, we have so much to talk about today, so so much to really fit in to i guess pre-market.

I have 27 minutes. I am on the clock. Let's see if i can cover everything that we need to cover lots to go over we're starting off the new fiscal quarter, we're getting to the end of the year and there's a lot of movement across a lot of stocks, politics, government, market makers. So much going on, i even have my own life update that i need to share with you about.

What's going on with the moon gang and everything like that. So with all that being said, let's put me on the clock: let's see if we could get it all done in time, all right. Five things to know before the market opens on today, monday october, 4th dao futures dropped after starting october with a strong rally. Once again, i mean, as you're about to see evergrand is back in the situation, but before this u.s trade rep to vow to enforce phase one deal with china, washington must enforce the u.s china phase one trade agreement and it will raise broader policy concerns with beijing.
The top trade advisor would announce that beijing has not complied with the phase one deal that was reached under former president donald trump's administration. So this is important because well yes, there's the evergreen situation which i'm about to talk about, but whenever people are asking me about various ads, such as neo jd alibaba, it does come into play. The political tensions between the us and china we're talking about two world powers and right here. Hopefully, these tensions kind of subside, it seems like evergrand - was out of our life, but just like a toxic ex-girlfriend once again back in our lives, troubled evergrand set to raise more cash from partial sale, indebted developer, china evergreen group is set to sell all of its Stake in its property services union, the second asset sell in as many weeks as the liquidity squeeze chinese real estate giant scrambles to raise cash.

They owe a lot of money, we're talking in excess of a hundred million dollars in just in interest payments. They are scrambling scrambling to try to take care of it, in fact, as we're going to dive into a little bit more the details so on the asian markets, they're trading. Basically, when we're all asleep getting like giddy for amc to open up in the morning, they stopped the trading it was. It was halted on the asian markets a couple hours ago.

Last week, evergreen said it will sell 1.5 billion stake in changing bank to a state-owned asset management firm. But here's the real details you know - shares in both evergrand and its management arm. Evergrand property services group were halted in hong kong on monday, like i said a couple hours ago, the subsidiary said that the halt was pending an announcement concerning inside information and a possible general offer for the shares of the company, and this is coming from the rival Developer hopson development holdings, it said money that its shares were halted pending an announcement about a transaction involving a hong kong listed target company which it didn't name. A lot of people are assuming hopson trying to buy out all of or a portion of evergrand.

What's going on there, but i'm seeing a lot of different numbers, so i just i just showed you right here. They talked about 1.5 billion. I saw people talking about 2.1 or 2.3 billion. Other people were saying well right here, evergrand, roughly worth 7 billion, some people were saying that was a 5 billion like equity buyout.
So it looks like we are getting waiting for more details on the exact numbers of what is and isn't happening, but i just want to let you know, because right here, this whole evergrand debacle of basically how much money they owe. I mean it's over 300 billion dollars in debt. If they go down, it could be very, very bad. I mean, like i said, the interest payments alone are over a hundred million dollars.

So it's more of it's not ever grand like as an individual companies. The amount of people that they own money to if they go under are all these other companies gon na go under. So with this, the fact that evergrand is in this situation, where it's attempting to sell a portion of it. It tells me that they're not going down without a fight, it seems like they're, like okay they're, trying to do what they can to re-establish that and reposition themselves.

As a company maybe sell off this arm of the business pay off this debt and keep going. I it does not seem like they're throwing in the towel by any means, so that's kind of what's going on uh stocks, making the biggest moves this morning. The one that i find most interesting is tesla and right here. Basically, they just absolutely destroyed it.

On their most recent vehicle deliveries, tesla shares rose three percent in the pre-market after the company announced it delivered 241 300 vehicles during the third quarter, it's most ever for a quarter and a 73 increase over the same quarter. A year ago, but let me reiterate it's most ever four quarters so tesla in terms of vehicle deliveries. It is currently setting some new records and it is very much up in pre-market currently trading at 7.97 nice gap up by 2.84. Let's see if it can crack over that key psychological level of 800., it hasn't been over 800 in a hot minute, but i think on the news of this, like the excitement behind it, i i think it's a pretty good shot that we at least see 800.

Today a little side story. Last week we saw that modern and novavax, and i even think pfizer took a bit of a hit, could continue and it's all because of merck, they successfully late stage trial for a new anti-viral pill. So, instead of people getting poked, they can take this pill um. So obviously, the increase in competition is going to go like it's good for merck, which trades under the ticker mrk, not the best for mo dinner, not the best for novavax or any of these people who have been creating vaccines in the past.

So that's kind of your overview of what's going on, but now i do want to talk specifically about some great great great amc: news: venom, let there be carnage, snare's highest box office, opening of the pandemic era, with a 90.1 million dollar haul oui. That is a pretty penny: sony's venom, lithurby carnage tallied an estimated 90.1 million in ticket sales domestically over the weekend. The best box office haul, since the coven 19 outbreak began marvel's black widow was the previous record holder after staring 80 million during its july debut. So this is kind of interesting so back to back to back we're seeing crazy good numbers in the box office.
We're talking black widow and really before that there was even quiet place. Two was doing well. We have three guys scattered in there, but the big name ones are black widows, shang, chi and then now venom, so three huge ones with other ones scattered in there that all have pretty impressive numbers right here we have some more info venom. Lithium carnage also outpaced the first venom film, which garnered 80.3 million over the course of its opening weekend when it was released in 2018.

So the reason i want to bring this up to you is because we're now beating records that have nothing to do with the pandemic at all the first venom movie 2018. This new venom beat it, which is, in my eyes, very very good. It also is the second highest october, opening in cinematic history, just behind joker, which generated 96.2 million in 2019, according to data from comscore. So right there like we're, we're talking about records and levels of income for the theatrical release that have nothing to do with the pandemic, the second highest ever in october, right behind joker, which was a huge release, crazy, crazy, crazy.

It has become clear, however, that the dual release has led to the cannibalization of movie theater ticket sales, while some studios are still utilizing the simultaneous in-theater and streaming debuts for films, the majority have returned to an exclusive, theatrical window. Why? Because that's what people want and that's where the money's at imax also saw its biggest global office weekend since december 2019 and recorded its best october weekend ever the company reported on sunday crazy, and on top of that, we actually even have a report from amc right Here they have a another record-breaking attendance over the weekend of 3.9 million that is purely insane so between amc, imax. Clearly, whoever said that going to the movies for that theatrical experience was a dead clap. They were just simply wrong.

There's no way it's a dead cat because we're breaking records that don't even yes, some of these have the caveat of like oh since kovid kovid, but these other ones are like no. This is just now a flat out record um. So the trend of this, this business sector is clearly on the up and up and up, but it really does not stop there. This is from the ceo of amc, adam aaron, james bonds, no time to die, smashes ticket sale records across the atlantic.

In the uk saturday, ticket sale set a new one-day record for any bond movie ever dating back to 1962 highest bond day in 59 years. To the this is funny he's basically just poking at uh. I don't know, i guess i could say he's basically to all these people who are predicting the the demise of the theatrical experience. Uh he's hopping on with.
I don't know if it actually got trending, but a lot of people are saying uh choke on that uh. Absolutely hilarious, even adam aaron's joining the party on that one. So that's your quick overview of what's going on with evergrand, why tesla's moving a little bit of kovitak amc, absolutely crushing it over the weekend as a business. So with that kind of out of the way, i think we have a little bit more foundation of like what really is or isn't going on.

I do want to talk a little bit about what i've been discussing um a lot recently. It feels, but also it does relate to the title of this particular stream. This this is in no way a surprise to any of you listening, but obviously like wall street corruption, uh political corruption, all forms of corruption are continuing continuing continuing and i feel a special duty to use my platform to express to everyone. What i perceive to be truly going on so there's a good chance that you've already seen this court document.

This was the hot topic of last week. If you go to page 7 and then come down to paragraph 12., robin hood securities president and ceo uh, slimy jim here, lieutenant points to as making the ultimate call to position close. Only stopping the buying says an internal chat on the 26th right before they were all p-sealed. I sold my amc today fyi tomorrow morning we are moving gme to 100, so you are aware, i don't know if it's legally insider trading, but what you did is it's illegal still.

I just don't know the fancy name for it, uh, but you you can't be trading on this type of information. That's not public, especially when you're the one who's making these decisions a lot of people pointing this out and it seemed weird uh. I saw that some mainstream media was picking up this story and, like some people, uh sorry charlie, there was trying to defend them. They're like well.

He didn't even make that much. It's like that's crazy. It doesn't matter if you're, a shitty trader or not. The issue is that you did something with information that wasn't public and you were attempting to benefit off of it just because you suck at it doesn't make it any less illegal if you're attempting to rob a bank and you're not successful at it.

Well, you still attempted to rob a bank, it doesn't matter if you made out with money or not that much money were like. Will he rubbed the bank, but he left that one safe open like he didn't even take that money, like what kind of lunatic argument is that if you rob the bank, you rob the bank, it doesn't matter how much money you actually took with you insane over The weekend i was uh real. I spent a lot of time reaching out to people who just know more about this world than i do, and i was like hang on like i need to kind of get into this and really sink my own teeth. My own claws into like some of this corruption, so i can articulate this all better to you and in doing so there's a lot of things that i want to cover.
But one super interesting thing i want to cover with all you so alex gurko. If you look into him, i believe he's the owner operator, president ceo, some fancy-schmancy title of a small baby market maker. So the way i've been talking about this duopoly of citadel securities and virtu, those are one and two with citadel securities being numero uno and this guy uh he's before when adam aaron was talking about going across the atlantic, alex gerko. I believe he's based over in the uk and he's kind of running one of these market makers, who he's saying hang on.

We need to be more competitive. There needs to be more market makers out there. It's not good that we have essentially a duopoly anyway um. I have no horse in this funny race, but my guess is that horse n1 decided that eating more than 50 of the hay is not cool for optics of competition.

This is very interesting so before when we talked about a monopoly, a duopoly, a lot of those things are illegal. You cannot control a complete business sector. Monopolies are illegal and in fact, there's very few left in this world and it gets into that legal gray area of like okay. Is this person a monopoly? Is this person not a monopoly? What about like, there's a lot of money being spent every single year, paying off a lot a lot of lawyers for people to argue? Are they or are they not a monopoly, but this is all in reference to a tweet by tyler here.

This is very, very interesting. Chart um something happened in late may with citadel. What was it and did it relate to robin hood's stunning loss of equity payment for order flow revenues in q2? I want this chart now for um options and crypto very interesting. So remember, non-ats means non-dark pool, but it's still off exchange.

It's still otc. As in market maker volume we have exchange trading new york stock exchange, nasdaq iex, then we have off exchange off exchange is one of two things. Market makers or dark pools. Dark pools are also called alternative trading systems.

Aka atss with this a lot of volume is trading. Most of the volume is traded by market makers, but we also do have some dark pool training which is ats's but anyway, remember, remember back in uh very, very early june when amc went haywire and, i believe, ran 96 in one day. Well, you see what's interesting right before that, you see what citadel did here. You have this blue line.

That is citadel, and this is the amount of training volume meme stock trading by venue. The blue is citadel. Look at this right before the june explosion. Citadel was over 50 over 50 you're starting to get into that monopolistic territory.
Look at this. They unwound their percentage of handling meme stock trading. Look at this! This is crazy. You can't make this up.

This happened mid-may by the time they unwound it and drop below 50. You know what happened there, amc went absolutely bananas and then also you know who picked up the overall. The lacking percentage is virtue. This is one of those things that you're the enemy of your enemy - i guess is your friend or it's something along one of those fancy sayings that probably our father or grandfathers used to say citadel doesn't want virtue to go away; they they need them to keep It under citadel wants to operate right under the line of a monopoly.

They don't want to take over the entire sector, because it's too much regulation you're going to get sued to kingdom come. They want some other person to be out there just so they can operate right under 50. They were under 50 under 50. They got over 50.

They then, as we know from robin hood's queue to results, i believe maybe q3, one of the most recent fiscal filings, their payment for order flow income dropped, and you know when it also dropped with citadel dropping its own, really its volume, the volume that it was Handling this is insane and i need to make a standalone video to better articulate what this actually means, but basically citadel very, very close monopoly monopoly monopoly oops. We can't do that. Let's cut down our volume, let's give it over to vertu robinhood's payment for order flow revenue itself, as the company drops right after that amc shoots up, goes absolutely bonkers. This.

This is insane this. This is absolutely ridiculous, and just you know the source of this. Obviously, bloomberg finra - these are all legitimate numbers. This isn't just some like bs and i think it's absolutely hilarious.

That alex one of these basically he's attempting to be more of a competitive market makers are good. We don't want to get rid of market makers. We want to get rid of the monopoly, the duopoly of market makers. We want more open competition without people strong, arming other, i guess people into crappy decisions and things of that nature.

I think it's absolutely hilarious. I think both of these people are worth a follow, but once again with this, i do believe i need to make a standalone video, but this i don't know how no one's talked about this yet uh at all uh. This community needs to dive into this because these numbers these metrics this graph to me this is very indicative of crazy things going on, but hang on, matt matt, i hear about robin hood. I hear about citadel.

I hear about all this stuff and i'm here to report that uh, the the corruption does not stop there. Folks this this handsome looking fella his name is richard clarida, i believe, he's part of the fed. Now, let's play a game: what do kaplan, rosengreen, clarida and powell all have together well they're all part of the fed, but that's not it. If we're looking at like this matching game of like hey, where do all these people like really overlap with each other? It's not the fact that they're, just all part of the fenn they're, all part of the fed, all those people i just named once again: kaplan rosengreen, clarida and powell, part of the fed they're.
Also, what i would say part of a very fancy schmancy, like you know, black tie event, type of insider training, so all of these people, with this guy being like one of the most egregious abusers of it, let's rewind a little bit early march early march. Here, let me let me pull up a little chart for you right here. Let's uh, let's see what actually happened, because this information is coming out early march nope of this year, hang on hang on sorry wrong year, wrong calendar year. Let me let's rewind all the way to the march of 2020., so in early march mid-march you, you could see that we were selling, sell and sell and sell and sell and selling and then kind of near the end of march.

It started to pop. Do you know what mr mr dick here did? Well this guy right in this time period and like this is all track. This is all public. He ended up selling his bonds right before they cut interest rates, which is an optimal move.

That's a profitable move, but then he made an even better move by taking all that money and i'm talking roughly one to five million dollars. He sold all of his bonds. Interest rates got cut because it was his decision. Remember the fed is the body that decides when we're going to cut interest rates, so he used his position knowing they're about to cut interest rates sold all of his bonds bought stocks.

You know what happened a couple weeks later. We started ripping ripping and ripping. So right here i mean this is nancy pelosi level stuff, like he's the one who gets to make the decision, you sell all your bonds a week later, you cut interest rates a couple weeks after that you propose one of the most insane unlimited quantitative easing policies Ever which shoots the stock market from 218 all the way to up to 454 insane just another, like i said, a black, a black tie event a penguin, tuxedo type event of insider trading, but clearly this clown. I need to put a big nose on this guy.

Just you can't do that. Bullshit, like you, are 100, using your position to line your own pockets and he's not the only one. It seems like a lot of people within the fed have been a part of this, but hang on. Unfortunately, there's even more matt we're talking about robin hood matt, we're talking about citadel matt, we're now talking about the u.s federal reserve.

Well, folks, i don't want to be the bearer of bad news, but it gets even more insane if you were checking out things over the weekend on twitter. You probably heard about the pandora papers biggest ever leak of offshore data exposes financial secrets of rich and powerful. I'm talking a hundred billionaires 30 world leaders and 30 public officials. This was gigantic a report of nearly 12 million leaked documents published on sunday yesterday by the international consortium of investigative journalists.
Oh that sounds fancy which involves 600 journalists from 150 media outlets in 117. Countries is being dubbed the pandora papers, the files allegedly exposed the secret financial affairs of a range of global figures, including 35 current and former world leaders, and more than 330 politicians and public officials in 91 countries and territories according to the icij um. I know this isn't going to be surprising to everyone. You're, probably just like.

Oh no like the this is what i assumed was true all along, but now it's kind of interesting uh that there's these 12 million leaked documents um. This is very very early. It was released yesterday, i'm sure it's going to take a lot of time to kind of comb through all this and start connecting all of it, but we're talking many many politicians, many many different countries, many many rich people, uh rock stars celebrities like like across the It's the entire gambit of people who have money, power and influence, many of them high percentage of them have been basically called out in this pandora papers leak. This is insane it's very, very new and um like there has to there's gon na, be development on it's.

So new, but as people start combing through all these documents and like control, effing and searching for the names of the people who they care about, we're, there's gon na, be some probably pretty horrific gems uncovered. But of course just so you know, surprise, surprise: all these national leaders are saying this is fall like false and fake and not real uh, but duh. That's of course, what they're gon na say, but um i'm very interested to see what this becomes. There are already some a couple interesting, like intro videos of what this pandora papers is like already on youtube.

If you want to check that out, but um, no, nothing yet of like oh check out this page, this page, it's currently developing right now. The story is like 100 developing in front of us, but check that out pandora papers. Something interesting, as i find out more and more i'm more than happy to kind of give you the rundown of what is and isn't going on so very quickly with amc and gme. Just so, you know, amc short interest.

20.45 utilization 85 shares on loan 113 million in terms of gme the short interest continuing to go higher 15.5 percent utilization 38 and shares on loan now of 9 million. So we're seeing both of their short interest shares on loan um go up up up um on both both of these meme stocks, uh they're, going higher and higher and higher, which is just indicative to me that the p, the short interest has not dried up. I think rich greenfield said that, but like the data is actually the opposite and we're seeing record high numbers for amc in terms of the bearish bet against it and jimmy it's not at its record numbers. But over the past i would say six weeks been going upward, it kind of bottomed out at 12 and now we're making our way to uh over 15..
So the the bearish bet against it. The people who think amc and jimmy will jump off a clip. Uh they're getting more confident and more money is flowing into a downward directional bet. So that's the wrap up on kind of everything.

The the corruption continues. The overall market, evergreen amc, gme all that stuff uh, as we get going at market open in a couple minutes. Uh, i will do some technicals for you, but very very quickly, there's a good chance. If you follow me on twitter, you saw my tweet yesterday, not this one ape announcement for the upcoming week.

I will only be able to stream the morning session. I will still continue to post a daily video aftermarket clothes related to apes, stonks and crypto. I'm reiterating this to you. I i don't want to just be like hey.

I tweeted it and, like you guys, should have all read that that's what's going on uh, i'm! I'm trying to be very, very upfront about, what's going on, i've found in my social media career that absurd transparency is always the best policy and here's what's going on with that. A lot of people were asking why well here's why i've been doing a lot of soul, searching a lot of thinking of okay, what's the best for the community and then also more on a personal note, things kind of came to a head of like okay. There was just good timing this week, where i have some personal things i need to take care of, but if i'm being honest i i can't just be like. Oh, it's a personal thing, it's much more about what i see going on in the community and how i perceive the best way.

I can help said community, and this is it's a test drive for me. I've recently decided and it's been in the works. I have some things going in the background. Um i've been taking a decent amount of my youtube money, and i have been slowly and surely, and now, like things are really aligning to invest a lot of it back into this channel.

My entire goal is to provide the highest quality content. I possibly can, and i want to help the community to the best of my ability. So here's what things are going to look like i am going to slowly, but surely to the best of my ability, create a team around me and try to create a highly produced, highly informed, useful show. Every morning i'm looking at 9am to 11am, i'm looking at a 120-minute show where i go over corruption, where i go over meme sucks, where i go over crypto when i bring people on for interviews where i go over the most recent political trades after that, then I am looking to every single day have a highly produced video upload, a vod, so just those upload videos, a non-live stream.
That's what my schedule is looking like and i'm gon na give it a run for this upcoming week and see how it goes. I feel like i am on the frontier of this type of stuff. Am i always gon na make the right decisions? Probably not, but i felt, like things were getting stagnant. Truly, i i hear the feedback and i get it.

You don't need me to stream all day for you to know that i'm not selling my amc there's a couple issues with that. I've told you what's my criteria for selling my amc stock, my criteria is, we explode and all the shorts are forced to cover. That's what i'm looking for. If that doesn't happen, you have my word.

I am not selling amc and the exact same argument goes for gme. I read the responses and i'm a little bit upset. I guess in a certain sense that people for some reason i don't know how much to articulate to you, you should not be basing your trays and your decisions on mine. I am not a financial advisor, i'm, not a trading guru, i'm none of that stuff.

I am not a perfect trader by any means, so, if you think, for some reason me streaming throughout the day, is the thing that keeps you holding on to your shares. That's that's not a good situation that we should be in in the slightest. You should have your positions, because you, like your positions, i'm here to educate and entertain to the best of my ability and i'm currently in an attempt to focus on higher quality content. I think it's more beneficial because it gives me the time to look into things such as what is citadel doing.

I need to get on the phone with people on wall street, so i could better understand it. I need to start talking to politicians to understand some of this political corruption as it relates to wall street. All this stuff takes time, and i am only one person and just like you - i only have 24 hours in the day, and it's all about how can i most optimally use those 24 hours to truly make a change for us and for future generations? That is my goal. I 100 it's a naive lofty goal, but i also understand, if i at least don't try, there's no possible way that i will ever be able to achieve it.

I'm i'm going out and i'm swinging. I don't know if i'm gon na hit a home run, but i can tell you i am swinging for the fences on everything related to this. Obviously, if there's questions, let me know i'm more than happy to do it, but just to clarify to everyone. This has nothing to do with my amc or jamie position.

I'm doing my best to help the community to bolster the community by getting better answers, because right now, as we've seen over the past 10 months, simply streaming it throughout the day. It's it's not the golden key, so i it's insane to do the same thing over and over and over again and expect a different result. So i'm attempting to do something new to see if i could get a better result for all of us involved. It's nothing more, it's nothing less, as things develop, we're obviously in a in a certain area of flux.
Right now and as it develops i'm going to keep you posted. My whole goal is to be as transparent with this entire process, as i possibly can be, but with it also understand that that also means that not every single thing i put out is going to be related to amc and gme. I know people are going to lose their freaking minds because of it and i'm sorry like i, i don't understand your emotional response. I could empathize that i'm somehow upsetting you.

I want to do more videos like what's this corruption, i want to do videos explaining market makers and the inner playing between them. I want to do videos on other stocks. I want to do videos on crypto. I want to do videos interviewing politicians and people with expertise, knowledge on various things, there's so much more.

We can do with this community to learn and better your own financial life. I don't see why we wouldn't take advantage of it. That's my thoughts. Some people are going to be happy with it.

Other people are not going to be happy with it, but at the end of the day, i'm the one who has to basically live in my own head and i i have um a strong sense of a moral duty that i need to perform and create the Best content, i possibly can, with all of you in mind and that's what i'm gon na do um we'll see how it goes. I hope you stick along for the journey, but i also understand that maybe this i'm no longer your cup of tea uh. If thank you for your support, thus far and uh for those of you who want to continue on this journey with me, i very much appreciate that and let's see how high this rocket can truly go. Obviously that took me a bit long, so a little bit delayed ding ding ding.

The casino is open all right, let's get rocking all right now that i'm done with that. Let's see if we could get some some vine in here all right. So out of the gate, amc at 38 jamie at 175, the russell 2000 looking a bit heavy. The russell 2000 did have a small gap down and it looks like the bears are still in control based on the future session overnight and also what was happening in china.

Things were red, but obviously that i mean we're only four minutes into the day. Things could base and bounce right off of that uh. So, let's see how this all plays out and then i do as things calm down a bit. We have some other things planned to talk about.

It's going to be a a good session good session. Let's see if there's any crazy shorts happening right now on amc and jimmy to get started, so they already borrowed 617 000 against amc and on gme they already borrowed a hundred thousand against it all right as the charts developing uh. You guys know me, i i don't like to make any trades within the first 15 minutes. I just like to see how things are based.
It's okay. I i've gotten out of positions very early. I felt like i'm okay. I, like this gap up.

I, like this gap down, i'm gon na get out, but to create a new position. I very very much like to sit on my hands for the first 15 minutes and just see how things are going uh. We did talk about tesla. Remember they destroyed it on their vehicle deliveries like record-breaking a huge 70 plus percent growth relative to the same quarter of last year.

It's no surprise that tesla it broke over 800, which i was talking about in pre-market currently trading at 799.50. All right. What do we have? Uh prague type, one type, two and type three squeeze signal issued between the last two days: uh there's really no difference in the types it's not like: they're higher or lower quality. It's just they're, a different type of.

I guess signal. It's not like one's better than the other. It's just a different type of signal. Uh have a great semi vacation week in no way a semi vacation.

If anything i'll probably be putting in more hours this week. Because of the things i need to do in the back end, this is not um, it's actually quite the opposite. It's it's not taking my foot off the gas. I have uh, i guess personally and with like the small team i have around me, um discussed.

It thought about it, and this is the exact opposite. This is me um, not i mean i feel like i've been operating in the sense of where, like it's like, the pedal in this car and this train that we're driving this rocket that we're driving has all the way been down. Um, i'm like now shoving it through the floor and like really pushing the gas as much as i can. Um hey, similar to amc and jimmy in terms of this, like quote, unquote, youtube career and live streaming career.

I've noticed that um taking absurd bets has seemed to pay off, and i don't know if that will continue in the future, but i'm gon na take that bet um this, i'm not here now that i've been so fortunate to get to a certain level. I'm not here to be like, oh okay, like now, let's, let's dial down the risk and like just be fine with the current reward of the situation uh, i very much am treating this the same way. I treat amc and jimmy uh. It's it's an all or nothing thing like i said earlier, i'm swinging for defenses.

This is not of okay, like he got to a point and now he's taking a breather. In fact, it's the literal opposite of i've made the personal decision to fully fully commit to just taking air all these the stocks, the career, the brand everything um as close to the moon as i possibly can get it and we'll see how it all plays out. Uh i read an article that bank of america is shorting, amc any thoughts uh. So i read that too, but i saw no actual confirmation of it because remember shorts are not reported in 13f filings, so i don't know how people came up with that um like at all, it might be true, i'm not saying it is true or isn't true.
I'm saying i have found nothing that actually confirms. Bank of america is short amc um and unless, unless bank of america publicly states that they're shorting amc, there's actually no way to know that they're short amc, because it's not reported uh. It's not forced to be reported in those 13f filings. Gme shares on loan lower than the establish short interest on or text interesting, david, all um.

If there is that discrepancy. So what are you saying? Uh current, that's the main issue: yeah i'll have to shoot them an email that that shouldn't be um that that mathematically does not make sense. Uh. I love listening to you, such as superstars, shout out saucy ramen, heidi from dan mark danmark, becoming a space ape shout out heidi, i'm all up in your stream supporting your decisions good morning, apes and finally monday.

Let's make an amazing week and have a green day. Shout out kinky kong uh curtis, what's going on, i appreciate you becoming an astronaut. Tesla is booming, tesla is tesla's. Having a great day.

I've been here from the beginning, not going anywhere chase your dreams, crush your goals and have fun along the way. We're with you. I appreciate that happy birthday. Will you please make some videos about personal training, algos and stuff, like elliott, wave theory, so i'm not the biggest fan of elliott wave.

I can make a video explaining what it is, but in terms of like my futures, algorithms, a decent amount of them already up on my channel. If you go to some of my oldest videos uh, you could see some of my like basic strategies and seasonality, ones. Um i could like share more of those on the backup channel the coors light channel and also upload them to rumble if you're, currently listening on rumble. I want to make those - and it's even things like that - that i need the time to do this like if i'm like, i said going to interview wall streeters politicians make trading algorithm videos make crypto videos.

I just need time, and it's one of those things that i mean for how many months in a row was i streaming seven hours a day that is physically and mentally exhausting. So i'm just attempting to restructure my own schedule and you guys wan na a lot of you listening might right now um might be like wait. Is he serious about this, like how serious is matt folks, let me if, if you're on the fence of like wait, what is matt doing like how serious is he about this, like gigantic pivot and attempting like, like i, it sounds stupid to say, but i'm gon Na run this this rocket as high as i can, and i want to be in the levels of me with this little youtube channel, i want to compete in the exact same realm and numbers of all mainstream media because i think they're all full of shit. It's that straight up, i'm so sick and tired of all these people being bought and paid for and lying and being divisive.
No, i'm not i'm not doing this under someone else's flagship, i'm doing on this under mine. So i can tell you what i perceive to be the truth. 100 of the time, a lot of you might be like wow matt. That sounds like a very, very good, sound bite but um.

What uh like is he serious about it like? Is he doing it and i don't know how i could be more serious, but i will let me explain a little bit of a story to you um. I went full coach course over the weekend uh yesterday and then this morning i was like matt. You got ta be serious, you got ta, do something um out of nowhere. I sat down sunday.

This is very, very true. I sat down sunday i was here i was researching. I was looking into solana cause solano's like a crypto. That's been running like crazy.

I was like i should make a solana video i was like matt. Is this the video the group needs? Is this like what's gon na be best for people to learn about? I was like matt, you got ta, be better, you got ta pivot and then this is when really things started to come together. I was like you got to pull the trigger on the show idea on the high quality content on all of this, and it's like you got to change it all like your. Your life is in flux.

You got to execute and i went upstairs threw on my sneakers and i just drove to the closest gym. I have not been in a gym since nom. Practically i don't know i wasn't alive during vietnam. Anyway, it's been a while my the physical health, mental health and me, my being right now recently have not been getting along.

I was like matt, you got ta, be better. I drove right to a gym, bought a membership they're like what do you want. I was like give me a membership and give me a membership right now. I was like where's, your stair stepper, and they were like cowering they're like what's wrong.

Sir, i was like tell me where the stair stepper is. I went over to the stair stepper. I jacked that up to 10 - and i i was freaking running up this mountain and whatever the stair stepper is they have a leaderboard of like who's, been doing the most stair stepping i guess and day one folks. I've not worked out in a good.

I don't know like how many ever like 18 to 24 months, your boy's already on the record board for the stair stepper. I i took place four out of five on attempt one, and then this morning i got a crack of dawn like i know i joke about the crack of dawn, literally the crack of dawn. It was still dark out. I got up at five.

I was like matt, you got ta, get that like. I need to control the entire leaderboard on the stair stepper. I got up at five. I came back in and they're like uh, oh lt, gray's back here i was like shut up.

I'm coach coors and i was like where's the stair stepper and they're. Like we told you where the stair stepper is, i was like: okay, whatever and i go back to the stair stepper and i crush it again today. So now i have spots two out of five and four out of five. I will dominate this leaderboard, it's a small victory.
I know someone in philly at this gym is like wait. I was on the leaderboard and i keep putting my name as ape ape um. So ape and apes i'm gon na dominate this entire stair-stepping leaderboard. So if you need a point of dedication, it's all it's happening.

Folks, it's happening. You should stream stream, it stream the stair stepper so two days in a row, and now that i told you, i'm gon na be held publicly accountable, there's no way i can even pull out of this whole, like stair-stepping domination, thing that i'm doing, because you guys All know about it, you're gon na be like well matt. What, where on the leaderboard, are you today? So i said it publicly as soon as you put it out publicly, especially when you're streaming to over 10 000 people. I can't back out of it.

So it's these stairs will be mine. It's i will stair step all the way to the freaking moon. If i have to, if the rocket's not there, to pick me up and if i have to hitchhike step by step, i will take every goddamn step all the way to the moon. If need be, that's where we're at all right questions, i'm already behind on all these uh, so amc 3750, just so you know gme 175, but we're seeing russell 2000 and we're now look.

This is why, when i tell you about the 15 minute thing, look at this stuff, if you're trying to get tesla or the russell 2000, and hopefully amc or gme on an intraday basis it sometimes this 15-minute waiting period, like you, see people getting whip-sawed right out Of the gate - and it seems like that's kind of happening, what, with the russell and tesla right now, the first 15 minutes was selling, but it sounds like they're like it feels like they're. Finally, catching a bid right now, all right, buddy, yes, uh good for you, matt chasing your dreams, is a good thing. Looking forward to watching your journey, what else isn't reported? Like short positions? Are shorts not reported as a way to allow the sec to ignore? Actually uh prosecuting naked shorts. If shorts had to report, it wouldn't be apparent when naked shorts, um so 13.

Fs is a filing that if there is some entity, that's managing over a hundred million dollars, they have to file these things called 13f. They have to report their long positions, their calls and their puts, but not their shorts. I don't know who made that up uh right now there is a bill and they do this every fiscal quarter. So it's really not even that often there is currently a bill in front of the house financial committee that is looking to uh.

I guess increase the cadence. Instead of every quarter, it's going to look at it monthly and they are also looking at it to report shorts on it uh. So right now the bill is being heard. It's been being discussed, i don't know if it will or won't get passed, but at least the government in a certain sense is like hearing what we're saying of like wait.
Why are shorts not being reported in these official 13 fs? So that's kind of always interesting of when i hear people saying like. Oh this person's short amc, this person's short amc unless they publicly state it like, such as like iceberg, research or rich greenfield or jim chanos. Those people have all said: hey we're short amc, but any of these other ones unless they state it. We don't know they're, not reporting it.

Um and people seemingly make a lot of assumptions. That's the world of, i guess social media they like to just say, stuff, randomly um, but unless the company, the the hedge fund, the bank or whatever it is whatever the entity is, unless they've publicly stated it there's no way to know that they're actually short uh. Captain mexico, unfortunately i did not. I was not able to see venom just like too much work, uh way way too much work.

I didn't really have that the time to take a break and watch that, but um i'm planning on seeing it midweek walter bloomberg trading houses face big margin, calls from brokerages in exchange due to soaring gas pages moon gang matt. I will follow you shout out gorilla, champ, champ, uh, andrew any way. We get level two display on amc jamie often throughout the week it's fun to see the tug of war played out. So i don't think trading view has it unfortunately, and just so you know if you're looking at it on weeble.

That is not the full level too. That's exclusively the bid and the ask for the new york stock exchange, which is one of 14 lit exchanges. So, even if you're looking at it on weeble, it's not the full picture and even if you had all the lid exchanges, it's not the full picture, because there's still market makers and there's also still dark pools uh. So the level two you can check it out.

But just i wouldn't get too entrenched in the value of those numbers, especially because mostly what people are looking at is exclusively the new york stock exchange and with that, like, we know that a small percentage of the overall volume on amc or gme is being traded On the new york stock exchange, so it comes to the point of like okay. How valuable is that data truly? What's up matt great live stream? As always, what are the support and resistance levels on atr, good price to open new position? Ater ater um ater, the main support is nine. If it breaks below nine, i would expect a quick selloff to eight and potentially even 550. I would watch the low nines very very closely on ater if it goes below it.

That is not good, but it could also bounce about off of it similar to the way it did on the 30th. It might not even get there you're kind of looking for the breakout above 11.50, so either sub 9 or above 1150. Until then, it's kind of a patience play is how i would at least personally look at it. Uh j boogie promise.
You won't forget about us when you make it big, we'll continue to watch and support you, but well i'm just doing it right here like it's, not like i'm like going anywhere it's here, i'm just trying to make a better show, i'm trying to provide more value And, of course, it's still free, it's not like all of a sudden. It's like a paid live stream like i, i've always operated under the this. The concept of, if i provide value, even if it's free, hey folks, i i get the money from like youtube revenue with the ads that get played uh. Some of you are so generous that you decide but, like hey, i, like the research, you did.

Here's a bit of a tip uh with the super chats. That's very nice like it's! It's not like all of a sudden, i'm going to start making videos and all my good stuff's going behind a paywall not going to happen uh. What are people mad about? Because the crapos stop stunting and learning matt, you continue to lead against heavy hitters with steel, nars and fun to watch. It's legendary rock on.

I think some people uh are gon na get it. I think a lot of you out there, like i, don't know what it would be about your personality that you're like okay, like i see what matt's going for, i see the importance and the level i'm just trying to elevate the fight. I'm trying to like just go swinging, i'm trying to enter the arena with some pretty serious people and see what happens. Um, that's my goal and i think some of the people like i know, like i'm already well aware, i'm going to get some of that.

What petulant kickback i'm like, i just want to see him, show amc all day. I just want to see him show gme all day. Folks, i don't know i don't know like. Maybe someone else will fill that void, but it's just.

I could provide exponentially more value than that um. I can, and i i'm going to wall street viking. It's my understanding that each vortex type uses different, mechs metrics, so when all three are triggered at the same time, that's more bullish also check the prod chart. If you can so, i would actually agree with that.

Yes, so it's actually different algorithms, and if you have multiple aggro algorithms saying oh, like we see a bullish edge and then another one simultaneously sees a different bullish edge. Well then, together, i would argue, is actually more bullish. Then um and you asked to check prague, prague, prog, prog prag's, looking good right now, so um green day gap up green day gap up little bit red it did the first gap fill, but today a bit of a gap down already pushing green. I would be looking for the breakout at two dollars flat.

We had resistance back in early august and from there i'd be watching 2 30 after 2. 30 i'd be watching 270.. Those are the levels i would watch in the short term. My vote is to do more content.

Take the risk, while you are young and have nothing to lose, as they say, more is lost by indecision than the wrong decision. You make the mistake to win long term. It worked for matt thanks paul, shout out paul big balls pauls. I appreciate that uh one of two things will happen with this change.
You grow more because your new content or you lose the casuals and keep your core stay convicted to your choice and success will come i'll, be here bro. I appreciate that all boogie puts on mark's leg going to print me. Tendies y'all all right we're seeing some green we're seeing some buyers step in i like it. I like it.

I, like it uh ken griffin, is doing an interview on bloomberg at 1pm. Interesting enough is enough. I've had it with all these mother effing steps on this month in plane, uh with all the work you are getting. Putting in yourself have you thought about getting an editor um.

I made the initial steps um. If you um are a film editor, a person who is potentially interested in a a position, a paid position - that's like i, i it's it's not a one-day turnaround thing it's more of like. I need a film and get it out that day.

27 thoughts on “Ep 96 wall street corruption continues dumb money w/ matt”
  1. Avataaar/Circle Created with python_avatars XrizToyo says:

    Simply mk is one the hard worker amc youtubers, i support u matt!

  2. Avataaar/Circle Created with python_avatars squid game 128 says:

    Fockyo

  3. Avataaar/Circle Created with python_avatars Christine Willis says:

    Your patience, integrity and sincerity shines through Matt. I have learned more from you, than any of the books and online courses that I have entered into. Respect and grateful thanks from New Zealand.

  4. Avataaar/Circle Created with python_avatars Nicolas Pedreira says:

    Matt do yourself a favor look into Saitama you’ll be glad you did

  5. Avataaar/Circle Created with python_avatars Gary Malumbe says:

    Wall Street only wants to play by the rules when they're the ones losing money. I'm holding my AMC stock and no "breaking news" FUD will get me to sell. We are an army and all have diamond hands. I'm sick of the market manipulation by the hedge funds and whales. It's past due time to teach those greedy b's a lesson.

  6. Avataaar/Circle Created with python_avatars Jeff C says:

    I think I just had over $3k of Ada Cardano stolen during a transfer. Is there anything that can be done to get it back? Or is there some police (in the US) to report it to?

  7. Avataaar/Circle Created with python_avatars Seashells & Dreams says:

    good luck!!!! love your content!!!!

  8. Avataaar/Circle Created with python_avatars Hola! Heather Kubo says:

    Good luck!!

  9. Avataaar/Circle Created with python_avatars Phil Gumunyu says:

    Hey Matt?
    Where you at?
    It’s 706pm

  10. Avataaar/Circle Created with python_avatars Rudy Rich says:

    What song is this ❓❓❓❓

  11. Avataaar/Circle Created with python_avatars Annonymouse says:

    GORILLIONAIREZ!! Love it!! πŸ’Žβœ‹πŸ¦πŸš€πŸŒ‘

  12. Avataaar/Circle Created with python_avatars David Robles says:

    PROG is fixing to make a run. Get it now!!

  13. Avataaar/Circle Created with python_avatars Greenman 64 says:

    Do what you think is best Matt! Ill miss you in the mornings but I Joined TTG after the video you did with them and there always talking about something. πŸ™‚ Love all your content and I cant wait to see the exciting stuff you come out with in this new direction! πŸ™‚ Make sure to get a Detective Duck Hat!

  14. Avataaar/Circle Created with python_avatars StinkyDew says:

    I'm going to miss listening to your afternoon streams after my lunch break while at work but whatever you think is best matt I'm here for it

  15. Avataaar/Circle Created with python_avatars Jordan Knoll says:

    Brooooo, what song was that?!?!

  16. Avataaar/Circle Created with python_avatars anthony chiappalone says:

    to the moon!

  17. Avataaar/Circle Created with python_avatars Charles Mehrten says:

    AMC isn't going to moon anytime soon

  18. Avataaar/Circle Created with python_avatars T.J. Clemons says:

    Thanks for all you Do Matt. I look forward to the new content especially your crypto content. I am long ADA and some others.

  19. Avataaar/Circle Created with python_avatars Laura F says:

    Great steps forward for you. Looking forward to seeing the new format.

  20. Avataaar/Circle Created with python_avatars Blackburn Lawrence says:

    <≀Thank you for your videos mate. I watch them and they are meaningfulπŸ’₯and love your content, most people don't understand the concept OF "buying the dip" buying the dip is all about buying digital assets when their price are down and selling off when the price rise. Holding is great, Trading is far more profitable. I was able to grasp the knowledge of trading crypto assets early enough, but I was still limited due to my lack of technical understanding of how to analyze the digital market, The market is very unstable and you can not tell if it's going bearish or bullish.While myself and others are trad! N without fear of making a loss others are being patient for the price to skyrocket. It all depends on the pattern you follow. I was able to make 5.2BTC from 1.4 BTC in just August from implementing trades with tips and info from Jake Ryan…….

  21. Avataaar/Circle Created with python_avatars Hanes says:

    Robinhood removed the buy button on B A C

  22. Avataaar/Circle Created with python_avatars HazardoustoyCOD says:

    whats up with this IMAQ

  23. Avataaar/Circle Created with python_avatars Alpha Life Aesthetics says:

    The $30 range is the new $8-$11 range

  24. Avataaar/Circle Created with python_avatars Wendy says:

    The song lol

  25. Avataaar/Circle Created with python_avatars Carrien Leith Blue says:

    <If there is one thing I have learned in recent months it is to remain calm, especially when it comes to investments in cryptocurrencies. Learn not to sell in a panic when everything goes down and not to buy in euphoria when everything goes up. I advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses. The market is very unstable and you can not tell if it's going bearish or bullish.while myself and others are trad! N without fear of making a loss others are being patient for the price to skyrocket. It all depends on the pattern you follow. I was able to make 6.5BTC from 2.4 BTC in just August from implementing trades with tips and info from Ryan Nead..

  26. Avataaar/Circle Created with python_avatars Debloves vids says:

    What is this song? Love it!

  27. Avataaar/Circle Created with python_avatars Jason Haines says:

    πŸ‘πŸ’ŽπŸš€

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