You remember me! Thank you Foreign Foreign, Thank you here we are happy! Tuesday March 28th I Hope everyone's having an absolutely fantastic day. I Hope you're ready for a fun-filled day of crazy Market Because that's the mode of the market that we're in. high volatility, up high volatility down. So basically we're violently going nowhere and I'm looking for that to continue today.

Looks like we have a little bit of movement in the old banking sector. Looks like S-i-v-b and S-b-ny are once again training, so we're going to be checking out what's going on with those. and we also have the FED Governor Barr B A R R testifying to Congress today about the old banking crisis, so that should be a good one. I'm very, very excited folks.

Buckle up! It's another fun day in the sun where we're gonna. Well, actually, it's not Sunny by me at all if you guys are in. Manhattan My thoughts go out to you right now because it is in overcast, gloomy, gloomy, gloomy gloomy day. Um man, but I hope you guys are a little bit somewhere more.

Sunny um I Had a little bit of an interesting morning before I Got on this I was talking to a friend of the show a personal friend Mr Dave Lauer from we the year investors and it sounds like they have some super super cool things coming down the pipeline. If you guys don't know who Dave Lauer is, follow him on. Twitter If you're not signed up for we the investors basically the only legitimate organization fighting for retails trading rights and they're building some super super cool things. Uh I'm excited to see what comes out this year and next year they've been hard at it I got to talk with them and every time I talk to them about like what's going on there.

it's just like more and more cool updates, more cool advancements so make sure you are a member of we the investors. um it's a campaign effort to get like I don't know actual things done like just they have a very impressive team. It's one thing to like rage, tweet and be like Oh things are unfair. It's a completely different thing to have an organization of people putting things together, actually talking to politicians, actually having campaign letters.

uh and then on top of that the tech like that they're working on their their actual platform. It just sounds so wildly cool. So I don't know I hope it comes out soon I hope when it does I hope he's willing to come on the show and like kind of show it to all of us. but uh, always interesting to be able to talk with smart people such as that.

Have you I seen the news on Baba I have seen the news on Baba So for those of you who don't know Baba uh some interesting movement this morning. Basically what's happening is they're going to take their company and they're going to have six different silos all possible like raising their own money so it's still all Alibaba but they're kind of being run not like really independently, but kind of close to it. and uh, obviously the market has some pretty strong thoughts on it. also.

I'm more of like I guess potentially a geopolitical level Jack Ma for like the first time in forever is I guess actually returning to China Uh, he's had. He's kind of been at odds with the CCP and overall the Chinese government, so it's interesting that he's now like coming back so we could totally watch that one today. Lots of things going on, didn't get to watch yesterday, but glad you looked better than last week. Me too Dude, there was two rough days Thursday and Friday of last week.

it pretty much lasted for two days right now I feel like 95 there and it's honestly just like a little bit of a nasally thing. and as soon as the day quilt kicks thing and I'm good, uh, the flu is no joke, but it's just two days of crappiness and then like you kind of just bounce back and as long as you're hydrating up and drinking as much coffee and water as you possibly can, you are good. Uh, you're not showing live on my YouTube page. Well, that's because YouTube sucks folks.

If you haven't already I Know it's annoying to ask you, but destroy the like button. Let's set some goals this morning. I Don't know where we want to be at, but let's just set. Uh, if you're on YouTube right now, destroy the like button.

Absolutely murder it. Do whatever you need to run those numbers up to 500. We're almost at 100 right now. If you're watching right now, take a quick second.

Whatever you're doing, if your manager's yelling at you, if you're dropping your kids off at school, if you're in a high-speed police chase, it doesn't matter. everyone. just take a breather. You know time's gonna keep coming.

It's the linear nature of time. Let's just take a quick breather and hit that like button. Also, don't forget to subscribe on both Rumble and YouTube on Rumble I Think we're about to cross 66 000 today. Is that right? Is my producer in here? Is that the number? or is it 65 000? It's either 65 or 66 000.

We are about to cross my channels. How do I see this? Okay, yeah, we are about to cross 66 000. So if you want to get in before that magical number, if you want to get in before the switch to 66666666, this is, uh. one of your final opportunities.

One of your final opportunities. Slap a debase. Hit it twice. that's how much I like it I appreciate that.

That's so incredibly kind of you. Uh I Asked Chat Gbt to destroy the like button Logan what did it respond? What did it respond? Uh, haven't been in a good old police chase in years. Has anyone in here been in a police chase? Because if so, I would love for you to call in and explain the story of what happened with you in a police chase. Pizza You've been all right.

There's too many people in here who are like yeah, I've been in a police chase? No way. I'm a little bit dubious. You have to understand I'm not. It's not that I don't believe you.

It's just that, like how often do you run into someone that's been in a police chase? You know, like I I'm not questioning you but I'm quite. there's I ran twice I have Yep, I have but I was a police officer. Oh so you've probably been in multiple. No straight to jail.

Does it count if I was in the police car during doing the pursuit? Yeah, it counts. You just happen to be the Chaser and not the chase. E 100 have ran on my motorcycle. Interesting.

Uh, feels like we have a a group of rule. Breakers in here been to jail seven times King Joey the Ape I Don't know if that's something you necessarily want to be bragging about like I I'm it sounds I assume you're outside of prison right now if you're talking to us, but that's something that maybe you should just stop doing. You know, like, maybe just stop doing. whatever you're doing that you've been to jail seven times I'm no lawyer I'm not your family member or anything.

so I'm not telling you how to live your life by any means I barely know how to live my own life, but seven times seems like a bit of an Overkill like unless you're just like continually finding yourself in the drunk tank or something. I I'm just a little concerned seven times that that's so wildly excessive. so wildly excessive. And as always, it only took us a couple minutes to, um, you know, completely get off the rails.

Uh I guess since we're already off the rails I wanted to run something by you. This is not. This is by no means written in stone. it's just an idea that I have because I was talking with my partners over at Rumble yesterday and rumble's like yo, what? if we could hook up locals where everyone who's on locals also then gets granted access to a Discord I was like, oh, that's interesting because I wanted the Discord for a place to do all those premium trades uh, to post seasonality automatically every single day and then I could also pipe all my robotic trades into that Discord and it would just be for all the members of everyone who's on local.

So basically, like locals would give you access to it, Is that something that's of Interest Like would you guys care of like automatically as soon as I post any of those like the Iron Condors If you've seen the newsletter at all or any of the robotic trades on the Futures market and obviously in the future we're going to be rolling out with a gold one and an oil one as well. basically it would be all automatic there. So still for everyone who's in locals it would just like your local would give you the access to that is is that smart like I don't know. it was like it was a crazy thought I had late last night I mean I'm an old man I was going to bed at like 7 45 and like it probably kept me up to like eight 807 Maybe Rumble rumbles, glitching.

Do you still do the newsletter? Yeah basically the newsletter is still going to be there and like it would be a more timely way of getting that information because like one of the pieces of feedback I've been getting is like hey man, we see that you're posting the iron Condor but we're getting updated about it after the day's over. So for people who want to do their own Iron Condor trading or like algo robotic trading, um, the one of the pieces of feedback I'm getting is that it's problematic that we're getting it after the Market's closed for that day if they want to do something similar so none of this is set in stone. this is literally like I don't know I Like to talk with you guys about everything because inherently this is us like this is our community. this is the goonie community.

So before I do anything I kind of want to like run it by you. um I'm on locals and would like a Discord Channel Okay, so yeah, so the whole concept would be that like through locals, that's the access. Um and then I could actually do even like more I guess timely updates of the things that are there. Uh, we could even pipe in I Mean there's actually a lot that we could pipe in, huh? Oh, interest, Aren't they interestante? How do you play Rumble in the background on mobile I Think you could just hit the play button and then bring the app down right? Can anyone on Rumble help with that? How do you play the rumble audio when you bring the app down? Is that possible? It's a misdemeanor in New York To go to bed early? Dude I Love going to bed early.

If I'm given the option to go to bed early or not go to bed early. I'm going to bed early. Definitely going to bed early if that is an option. Uh I Like the idea, not just for a Discord for map but to engage with my viewers on my stream.

Well I Feel like Van Whiskey? We're engaging this way if I just chit chatting. Just chit chatting, I guess I need a little bit more detail Anyway, if anyone has any hardcore feelings on this whole debacle, reach out to me. I'm just a DM away. You can find me on MySpace and we could have a great conversation there.

It always stops playing. Uh wait, but you're on YouTube right now I Think you're screwing with me? Are you messing with me? I'm getting more confused than normal. Uh folks, we are halfway to the goal of where we're exactly at 250 Likes: you're supposed to double it up to 500 so you guys are really slacking. Who's your top eight? Uh, I mean whichever eight of you in here get us to the goal, you're gonna be my top eight.

Uh, you are definitely going to be my top eight. But with all that being said, we should probably eventually talk a little bit about the market because after all, this is the number one. Uh, Financial in the entire world. Stock futures are little changed Tuesday Live updates.

Uh yeah, not the most exciting. Uh, right here. S P 500 futures decline as higher rate pressures. you know, pressure in the market saying hey, don't you do that We're coming down a little bit.

Uh, we're actually now in pre-market just breaching. Yesterday's low shout out to everyone who took the downside Gap fill Um, that was the main I would say intraday trade of the day. Yesterday the S P 500 gapped up to around 398. We had a gap filter like 395.80 So there's about two dollars 225 that you were able to get.

So shout out to everyone who did that. and right now we are still continuing down. If you look at this, if you've been reading the newsletter at all, you know that I've been closely paying attention to this 200-day moving average. There's a couple ways we can look at it.

First of all, we can look at that. We've just been like chopping sideways right here. like we just have it. Okay, great.

we're on top of it. So maybe the Bulls are winning a little bit. I would argue that yeah, we are seeing higher highs, higher lows. So the recent trend has been to the upside.

The very recent: Trend. Ever since Friday the March the 17th has just been sideways shop, we're essentially just range bound between 390 and 400. we're in this 10 which is a very wide range, but we're just chopping nonetheless. This is a very tough environment.

If you're selling premium, you're loving it because we're very violently going nowhere. But if you're playing like any direction, well, every other day you're getting screwed over because all we're doing is Green Day Red Day Green Day Red Day Green Day Red day. We're just not making up our mind and I'm watching this 200 but patience will pay. The main thing I Want to say here is I have absolutely no clue what the next major Trend will be.

but I think it's going to be a nice Trend I hope it's going to be a nice Trend We just have to wait for something to happen. What that something is is we either need to wait for a breakout and a hold. or break down and hold I don't know what it's going to be. All I know is if you're looking for a multi-day swing trade right now, the opportunity is not presenting itself and unfortunately, that's how sometimes the markets work.

Especially the shorter your time frame, the more Randomness involved. That is a key aspect of any form of training. Like there's more Randomness in the one minute chart than there is in the three than there is in the five and then there's in the 15. And the longer your time frame, that's when you're starting to talk about like, okay, maybe your thesis actually coming to fruition.

but in short time frames, the exact opposite of what logically in actually ends up playing out might actually happen. Uh, you could be in the most bearish of scenarios, but for on the one minute chart you could just be pumping and obviously vice versa. So right now we're just still I'm watching this 200 we are waiting. We are waiting.

We are waiting. When will it break? If I knew the answer to that I mean I would not be here right now I'd be on my jet ski somewhere in Barbados Having a good old time with my best friends as we are like just hanging out at a Texas Roadhouse but unfortunately that's not the moment right now. Uh I don't know where it's gonna break. So here I am like a normal person just screaming at a camera in my studio for a living.

Like a super normal normal thing to do. Folks, this is a time to be patient. Yes, there's other individual equities that are really moving and maybe that's the opportunity that you're currently watching. But I'm in terms of the overall.

Market I'm basically waiting for a break down below 390 in a hold or break above 402 and I'll hold. We're just waiting, waiting, waiting waiting. This is not the time to be taking sizable positions. This is not the time to be taking on in excessive amount of risk.

This is the time to be sitting around and studying something else or crocheting or doing some underwater basket weaving or honestly, whatever floats your goat. But for right now we are waiting home. Price is cool in January even falling in some cities. Whoa.

So what was it before the last time we got this home? Update: There was a 131 consecutive months where home prices were going up up up up up. But now for the first time in like 11 years on a year-over-year basis, homes have actually, uh, lost a little bit of value and it looks like they are still cooling off right now. Home price is cool in January even falling in some cities according to the S P case. Schiller Uh Schiller She'll barely even nowhere I Need more friends Home prices have been falling for seven straight months, but the decline was a bit smaller in January likely due to a brief drop in mortgage rates.

Prices fell in cities such as Seattle San, Francisco and San Diego. That was a good one. Honestly, the fact that I'm not getting an eruption of Applause right now blows my mind. That's probably going to be the best joke, You hear? this Fiscal quarter? Uh, as of now, the Dow, the S P and the NASDAQ are all red red red oil going up.

A lot of people starting to focus on the fact that yes, the Biden Administration is allegedly refilling the Strategic petroleum. Reserve or at least they're feeling Precious too. So we're seeing oil continue higher and higher and higher. I Was getting a little nervous there for a second.

You guys know that I own Oxy. But another benefit there is our boy. Warren Buffett Just bought another 216 million shares worth of oxy yesterday Monday which now brings this ownership of the company to 23.5 This is Not By Any Means A Like negligible play for him. He's putting billion literally billions of dollars into this play.

Um, so I'm still feeling comfortable in my oxy position I'm underwater on it I'm about ten dollars underwater per share, but I'm basically just waiting for the geopolitical climate to a line where we're starting to buy and all of a sudden Supply goes down down. demand goes up. Looking to see what that does to the price of everything, but just want to throw that out there to all of y'all So this is the newsletter. If you're not a member of the newsletter, you're a crazy person because it's free.

So sign up. This is a breakdown of what went down yesterday. Here's a look at all of the market events for today. The main thing that's going down is right here: I have it highlighted the FED Governor bar to testify to Senate on Banks and the banking debacle.

so that's going to be in about 40 minutes. We will be streaming that whole thing. Uh, I'm basically excited to see how fiery Elizabeth Warren's going to get at this one. Uh, because I think she's going to be popping off.

This is the home index that literally just came out and then we also have the consumer confidence report coming out at 10 A.M Just so everyone knows these are all going down today, in terms seasonality today does favor the Bears I Want to be very, very clear about that? Over the past 25 years, the Bulls have won this day 44 percent of the time and the profit factor a little bit of a typo. It shouldn't be 75, it should just be 0.75 As in every dollar spent, only 75 cents has been returned. Clearly a downtrend. There was a little bit of a pop there and then a sharp loss.

But today is a day that favors the Bears because it favors the Bears. Does that mean that the Bears have to win? Absolutely not. But I Just want you to know that if you are a bull on this day according to seasonality, you are definitely running into some headwinds. Uh, here's an update on my account: I didn't enclose any positions yesterday I did open a new Fresh iron Condor And here's all my current positions and thus far everything's looking pretty good.

And then I even called out a potential setup on Tesla. It looks like Tesla is either about to bounce or break, but even though we've been in this holding pattern, it looks like Tesla might be having some nice movement in ideally the near future. So those are the major things you should know. But obviously the main thing that we're going to be doing is at 10.

AM We are going to be listening to Fed Governor Barr's testimony to the Senate about the whole banking crisis that we are currently in. I Also want to remind everyone that on Friday of this week we are getting the Pce report the personal consumption expenditure. It's like the CPI report. It's another inflation report It's a very important one.

comes out an hour before the Market opens this Friday March 31st to wrap up the week and also the month in terms of individual Equity Company corporate news Disney Layoffs will begin this week CEO Bob Iger says in a memo so I believe it's the first of like three particular rounds of cuts Disney will begin informing employees this week that they are being laid off. This will be the first of three rounds of cuts that will amount to 7 000 job losses, dizziness cutting after its valuation plummeted last year. kind of go in the way of Zuckerberg kind of going the way of Meta of announcing layoffs and the market likes it. The last time I checked it Disney was up on the day.

let's see what's going on. Uh, yep. Disney Nope. now down ever so ever so slightly.

uh, so not actually much movement I suppose Uh, it'll be interesting to see how Disney actually performs on this news. Uh, when they. When these types of announcements were recently been made in the world of tech, the Market's really, really, really liked it. so it'll be interesting to see if it plays out in another sector such as: Disney Big News of yesterday Binance and co-founder CZ violated compliance rules to attract U.S users Uh, so Crypto hasn't been doing the best, and a lot of this has to do with the recent continued regulatory force and downward pressure on the World of Crypto.

This time targeted at Binance, this time targeted at CZ and Crypto has had a nice push and it just doesn't seem to be able to get a break lately so we could cover that a little bit more. I Do have some videos on this, but I Just wanted you to know that it seems as if CZ Finance in a little bit of hot water and that's why you're seeing more downward pressure on the World of Crypto. Five things to know before that: Bell goes today Tuesday March 28th Rolling Along Basically, that's what the Market's doing the overall: Market The S P 500 We're just grinding, grinding, grinding. Uh, we've been range bound.

We've done a great job of basically just going nowhere. Patience will pay. Wait for this to either break out or break down. That will be the nice, big, most likely money making move.

Disney Layoffs begin. They're going to get some of the announcements this week. In totality, it's going to add up to seven thousand. three separate cuts.

It isn't easy being. CZ Well, we know the Cftc this time. The pressure. The regulatory pressure isn't coming from the SEC, it's coming from the Cftc.

Um, and they're kind of always in a territory fight of who's stronger, who gets to do what? But this time, the Cftc taking some swings at Binance. Alibaba splits up basically six distinct businesses. six distinct silos. That kind of have a little bit more autonomy.

Market Really liking it. The tanks are arriving and this is obviously Ukraine Russia that whole debacle that is scary. Still very much going on in our life. Here's a look at: Baba Uh, right now it's up around 11.

closed out the day at 86. currently trading just below 96 Market Really liking this? the compartmentalization so potentially put your eyes on it today. looks like we might have some good volatility there. potentially some good movement.

Want to, without a doubt put that onto your radar. FRC I mean we could put what do you guys want on the screen today? Do you guys want Baba We could put up baba? uh, we have FRC Obviously still some craziness in the world of banking. We have the overall Market in your top left. What do you guys want to watch that open? We could put Baba in the bottom left.

What else is a big mover I need Nvidia to stay below 270 by this Friday Meta AMC Are any of those doing anything? What's Meta doing? Meta is down one percent trading at 200, not really doing anything AMC Obviously I mean AMC hasn't done in Forever Uh, you want FRC up Tesla Tesla 192. we could leave that up all right. This could be our our starting, our starting or starting or starting once. Cool Cool Cool Cool Cool Cool Cool Cool Cool Cool Cool Cool Beans Cool Beans Cool beans, Here we are folks and then let's just do a very quick um Bitcoin right here A whole attempting to hold on to 27 000.

here I'll put up the 15 minute chart just so we could check it throughout the day. Here's the 15-minute chart on Bitcoin and Ethereum Bitcoin Trading just below 27 000 and then East trading around 17.50 But uh, exciting times, exciting, exciting times. All right. As we're getting going, my question to all of you: Green Day Or Red Day, Those are your only options.

You're allowed to vote right now for the overall. Market What way are we going? Are we going up today? Is today going to be a pump pump pump type of a day? Or is today going to be more of the exact opposite? More of a dump like bloody red? Uh, where's everyone's mind at I Feel like 50 of the time? You guys are right 100 of the time and I just wanna Obviously with stats like that I Need to know I Need to know I Need to know I Need to know Red green, red, red, Green purple Pizza Going with a purple type of a day was that like a bloody day? Like it's both red and green and we just get like the kicked out of us could be one of those a blue day. They just pause the market. They're like you know what we're gonna.

We're gonna take a little bit of a break. A little bit of a break. Red Congress is talking about money today, which Dems know nothing about I would argue that our government just doesn't know anything about money. I Don't think there's like a particular politician who I'm like wow.

like they really seem to be informed on both the monetary and fiscal side of the things. like a lot of these people who are in government. To get there, it takes a long time. So they're inherently a career politician.

They've never started a business. A lot of these people haven't even worked within. Corporate America They got out of college, they got onto people's campaigns and they just started climbing the ropes. They're not people who are entrepreneurs by any means.

They're not people who've worked for entrepreneurs by any means. Um, the way it's set up in the US is super super strange. I'm not saying this for every single politicians, but many many politicians. their their knowledge is in the world of being a politician.

It's not in other forms of like business. They don't have expertise in science or technology. They have expertise in being a politician which is kind of really weird. All right.

All right. All right. All right. All right.

Good morning, good morning, good morning. All right. Hot chicken soup. Let's kick this cough Gary ponds I Very much hope you quick it immediately.

We have about a minute and a half till things open. How am I doing? Uh So here's a quick look at the robot. Maybe we it's better over here here. A little bit of a hiccup in the NASDAQ but um, we're recovering nicely.

So as you can see the robot this one's actually called Kramer Uh, Cramer is currently short. both the NASDAQ and the S P 500. Uh, unrealized gains of about I. Don't know 70 bucks right now, but hey, unrealized doesn't really matter.

Let's talk about it if the money gets into the bag. Uh, but we'll see. We'll see. We'll see.

we'll see. Kind of a rough overnight session. I'm seeing realize down 250 but I think that's because of a a weird position mismatch on the NASDAQ But let's see how everything ends up playing out today. Get ready.

Buckle up. Buckle up. Buckle up. Buckle up Team Teamity team team.

How many seconds do we have? 30 seconds? Oh I missed on that one. I was all ready. Is this where it's going to be held? Do they have the live stream? All right. Why is the stream not there with the banking? This is where bar will be testifying today.

Banking Committee Republicans From Federal Reserves Uh. supervision of Svb. Ooh more political fighting. Spicy.

A little bit of a pump to kick today off. Dignity. Ding ding ding. The casino is open.

Best of luck. Oh, play responsibly if not have fun. And if you mess up at all of that, please enjoy the free buffet on your way out. We do appreciate your patronage.

How sick would it be if like a normal Casino Where if you play enough, you get like free buffet. Why doesn't the market do that? Did I just come up with the best idea ever? show of hands. Should the stock market give you free food? If you lose enough money playing the game, that is the stock market. I Uh, Free alcohol? Dork, You're you're taking it to the next.

Next Level You're like, you know I Don't want free food I Just want Free alcohol, Free alcohol No Txrho all sponsored by Texas Roadhouse I'll make some calls. Obviously you guys know that I'm like the number one Texas Roadhouse supporter in the entire world. So I'll make some calls I'm very very connected to all of the Power Players at Txrh. I mean we have.

it's not even speed dial. it's just I'm at the level with the Texas Roadhouse administrative team where we're just oh like we have a Non-Stop call like all day every day we just it's a never-ending like walkie-talkie situation. I Don't have to call them because I'm already on a call with them if that makes sense. Um, I'm already understanding what they're doing 24 7.

It doesn't matter if they're working, it doesn't matter if they're in a meeting. It doesn't matter if they're sleeping I'm already perpetually in a call with the entire team of Texas Roadhouse So it's almost like a um like a like a super speed dial. If you will, it's already like it's like a it's a sped dial like it was already. it already happened.

We're not speeding because we already sped like we already did what we need to do. You guys get it. I Feel like maybe some of you aren't uh understanding this metaphor, but the people in here who are you? get it? You get it. I should probably buy Texas Roadhouse one of these days I'm going to in the near future you you can have my word by the end of April what month are we in? we're in March by the end of April I will be a Texas Roadhouse owner Equity owner uh unfortunately unfortunately the Texas Roadhouse that I have with Riley reads not doing the best right now by using puts yeah, if you want to lose all of your money you would do something silly like that.

A little bit of a red opening team, a little bit of a uh oh. And to make matters worse, look what just happened I lost connection. Look what Citadel is doing to me. they just cut my feed team.

how do oh now it just came back but you saw it. You saw how dark and scary it was there for a bit. uh looks like we're gonna. oh everything's frozen I can't move.

This isn't moving. that's not moving. What's happening? Call my mom I'm scared Someone, please call my mom I'm super scared I don't think this is normal. Am I making money or am I losing money right now.

A little bit of an update over here. All right. this one's going for 146 dollars this morning. Not a bad deal, not a bad deal.

and then I don't know what's happened. This doesn't seem to be updating at all I Have no clue where this is at, but apparently it's going for 110 which would mean that we could lock in a nice 260 this morning. This is the precursor to the market crash. Sign me up.

Just make sure I Buy puts first Kramer is shorting the Kramer that would cause the singularity I Don't think he's legally allowed to go in support of his own inverse ETF because that would be crazy like I I Don't know if the world would be ready for that. Uh, so this isn't updating at all, but this one is is about to. Is it gonna make some money? Well, I'm looking for 12 712. come on.

lock it in. Let's go bring us home. Kramer Basically, when it goes short, that strategy is called The Kramer and then when it goes along, that one's called the Pelosi Uh do I think that FRC is a good buy now I Can tell you that I have FRC but is it a quote-unquote goodbye? Who knows. Man, it's super degenerate like you don't just get FRC like FRC you have to understand how wildly degenerate is.

Uh, if you put any money into FRC understand that you are risking that money going to zero. Uh I mean it's it's up to you and your own analysis of the situation. I mean I put my money into it. but I also put my money into it.

at 42, it's currently trading at 14, not even 14. so uh, whatever you do, be cautious. I mean like this people are acting like well, hang on. it's not like you're dip buying like apple or Microsoft Here you're dip buying a bank that might still be dipping like you have to understand the risk Paradigm Here is that this could like really blow up.

Uh Kramer investing into inverse Kramer would create Infinite Energy It would be like the semiconductor of the finance world just like all of a sudden we would that Singularity would create like perfect frictionless bullet trains we would have Perpetual Perpetual like energy machines it could be perfect. uh I got into FRC at 15 I'm optimistic I hope it works out. It just all depends on like how bad the banking issues are which we're gonna get a much more of a an idea of it soon. Uh speaking today all right where are we at? Let me make sure that we are all good.

Yo yo yo Uh Baba coming down Tesla Order field. What just happened there? Order filled. What's going on? Team I made money and then somehow it shorted again. Uh, locked in money and then showed it again.

So that locked in 146 dollars and then the es. uh, not the closest to the Target of 110. this is really lagging today, but uh, for whatever reason it locked in money and then re-shorted and now it's holding the short again after locking in 146.. But do you know what that means? It means we get to celebrate because it's not often that your boy makes money.

so you gotta celebrate the little things in life. It's not a not a bad deal to make 146 dollars by playing a weird video game. Thank God It's not that I think that I'm better than everyone on Wall Street like I don't want to come across like that I Don't wanna you guys to think that I'm some sort of pompous individual that has such high opinions of my own self-worth and ability. It's that I know I'm better than everyone on Wall Street Like to me in my mind, there's no question about it.

like I see someone on Wall Street and right away I just think oh wow, I'm better than you like I'm like I'm already I see the Matrix I am plugged into the Matrix I Am The Matrix and then they're just some Finance bro in a suit that they got from whatever Kmart like it's just too completely different planes of operation. They're there running around for their like MD like oh, what should we do? should we bet against Texas Roadhouse and then we're here. We're not even a couple moves ahead. we're on the next game.

They're there playing checkers and we're here playing Hogwarts Legacy Just two completely different like they just they just don't get it. They don't have the grind set. You know, like they're not the type of people who show up to urgent care when they're dying and saying I have the highest body temperature you've seen today? They're the type of people who they they don't get the flu type A they're type B their type c they're type D but flu type A is it's for people like us. For people like me, it's this top G mindset that if you're gonna do something, we're going to crush it to the highest of levels like we're not We're not gonna be you know, beating around the bush here going oh like I Don't know if I want to do this or I want to do that like just two different levels so understand, it's not that I think I'm better than everyone on Wall Street It's I've time and time again shown you that my grind set has made me better than literally everyone on.

Wall Street Warren Buffett Washed Up Bill Ackman Washed Up Ray Dalio washed up. They better enjoy their billions while they have them now because it's gonna be mine. These are the same kind of people who actively go out there and short things such as Texas Roadhouse and with that type of just honestly childish sophomoric thought process, if you will, they're not going to keep their billions for a long time. their billions are going to go in my bank account and you know what I'm going to do with those I'm going to build more Texas Roadhouses I'm gonna have a Texas Roadhouse Empire It's actually going to end up I'm going to buy a small plot of land in Eastern Europe that's like up for sale and the only thing legal in that country will be Texas Roadhouse Nothing else is going to be there.

It's either going to be Texas Roadhouse or infrastructure supporting a Texas Roadhouse That's what's going to happen when I acquire all the money that is Wall Street So just want to throw that out there if you want to be an early investor in my Texas Roadhouse Empire Um, obviously you can find me. uh, not hard to track down at all. on on MySpace uh you could easily track me down there and let's chat. Uh, we're always looking for whatever round investors you want to be.

Can I make the rules? Oh yeah, we're always going to need more rolls. Uh, it looks like Mullen is under your buy Target Did you already increase your position? No. Mullen Mullen Hear me out Louisiana Roadhouse That's bold Fuji That's bold I Think we could do I think we could do something with that. Do you pre-write these rants or do you ad-lib it? Um I Usually just listen to the voices in my head I Usually just like whatever they're saying I go with I'm like, all right, cool, we're talking about them again.

Uh trka. You mean this Pump and dump? What about it? It's why we should have shorted this. My biggest question. My question to you is why did we not short Trka? Everyone in here knew it was a pump and dumb.

We saw people on social media pumping it. We knew that the company was. It had no fundamentals. There was nothing behind it.

Same with Gns enough. Why Why didn't we just short these? What are we doing? Why didn't we short? Mullen Why are we not making money off of this? If we're seeing evident pump and Dumps? Are we the dumb people for not making money off of it like I Just don't It feels like someone's walking up to us on the street and they're saying hey, do you want money and we're saying um, nah I'm good Like look at this. We could have shorted Mullen down to nine sets I feel like we're the problem actually I'm starting to feel like we messed it up. Uh, hindsight 2020.

I mean a lot of these were pretty evident. They were pretty obviously like clear scams of wow, it's a pump dump. We might as well make money off of it. We are the pump and dumbs.

Do you still have the list of pump and dumps? Yeah? I Do. Let's hear my notes. Buy all my doodles by all my doodles. Don't dwell in the past Matt Hey, that's oddly philosophical.

I I Appreciate that we shouldn't live in the past. We should live in the now. Uh folks. if you haven't already hit the like button, we are a hundred likes away of our first goal here on: YouTube we need to be at 500 before the whole testimony thing starts or else and this is unconfirmed reports.

Um, they they think they think they think that Godzilla might attack I'm not I'm not the one who can confirm nor deny it. but those are the early murmurs on the street that if we don't have 500 lungs by 10 a.m there is a chance that Godzilla could attack. um I don't know, it's unconfirmed, but the real question is, do we want to risk it like I to me I I Kind of go out of my way to like ensure whatever Godzilla might be doing that I'm just like not in the surrounding area. he's not really known as like a nice guy.

uh I just want to hear Matt ran about how bullish he is on AMC if only if only if only if only Godzilla can walk and destroy the exchange I don't Honestly, if Godzilla destroyed the exchange I Don't think it would impact that much because not like there's not a serious amount of trading that's done on the exchange. it's all these, um, like all the black boxes in New Jersey Uh, if Godzilla really wanted to wreak havoc on our financial institutions, uh, it would be more of a jersey problem than a New York problem. Uh Market trying to recover a little bit, but let's see what time is it? 9 45 Uh We've dropped down trying to build its way up but the market just be might be double topping Baba giving back some of its 10 jump this morning up now 7.3 Tesla kind of bleeding off all day. currently trading at 188.

Uh, remember as I did put in that newsletter yesterday I'm watching this. there's a gap fill on Tesla down to 186.44 Watch that gaffle if it goes below it. this might just be a failed pump here on Tesla there might be an interesting opportunity to get some puts or short it and you'd just be risking 200 essentially. Um, so definitely watching Tesla is NVIDIA finally coming down.

Nvidia's been nothing but pump City It is okay. Uh. final. I mean Nvidia's been on a crazy rip ever since December non-stop January February And almost all this has been a three month pump for a Nvidia It's crazy.

statistically, very, very abnormal and it looks like maybe Lee it's finally reverting to the mean I Mean this was just such a dramatic move. uh w a C lips whack Lipsy Clipsy What is your name? Whatever your name is I appreciate the 10 super chat that's incredibly kind of you. Maybe it's Maybelline Oh, that's a that's a good. That's a fair question right there.

It could potentially be Maybelline uh Matt I Just signed up for Weeble using your link of course. So for a smooth brain like myself, show me how to play the downside. I'm looking at Prpl as an example. Prpl you want to play the downside.

Uh, I wouldn't on this because it just hit a friend like you're catching a falling knife. It just hit a fresh, new all-time low. Uh, the the risk reward. It's not in your favor, you might be right, and this thing might be continuing to zero.

but it's just the risk reward. You want to take something that has more reward than it does risk and you want to take those setups time and time again. And right now there's more risk than there is reward because it's already gotten so incredibly beaten up. Uh I Also have Home Furnishings Consumer Durables I Have no idea what this is for.

Let's look at something such as Nvidia where I still like Nvidia I'm a long-term fan of it, but it's pumped so much it stands to region that there's a statistical likelihood it has to take a breather. And if you were to buy puts right now or short it right now, you could risk 275 and potentially ride this down all the way to I Don't know. We'll call it 245, maybe even 232. All of a sudden, you're starting to see a more optimal ratio between your risk and your reward.

You want to keep your risk as small as you can you can with ideally a higher and higher reward. Um, because you're not going to hit every trade. You have to think this of this as an overall system. Like a system of many, many trades, the law of large numbers.

And if you're continually taking like the setups where you're like only gaining a little, but you're risking a lot. Well, you're going to have a super high accuracy, but those times that you don't get your little gain and you get blown out, it's gonna wipe out all those little gains that you've had previously. But in this scenario, your risk is relatively close. but your reward is farther away, which is better you.

you want that to be be a multiple and then obviously you want that nice multiple with the highest accuracy you possibly can find. So that's an interesting one. Tesla's an interesting one because it's breaking down right now. If you want you could risk 197, you could risk 200.

You might be able if there's a gap fill in a continuation, you might be able to ride it to 176. maybe down to 164. I Know my head's blocking this, but here let's move this up so you could better see it so you could be playing the breakdown right now on. Tesla With your risk at 197, 201, these are all just ideas.

I'm not saying necessarily this is the best play right now because there's no such thing as like a play having oh like 100 accuracy. There's always going to be some sort of variance to something like blowing up in your face and then that's on you for your own risk management of like okay, if it goes south your first question before getting into any play before getting into any plays. If you got into it right now in What scenario, would you pull the rip cord and just be like you know what? This was a losing trade I I Think one of the biggest issues that a lot of people have. This isn't an issue for everyone, but this is an issue that I think a lot.

A lot a lot of Traders have is they get into a trade and then it starts to go south and then they just let it go on for too long. They as a human we hate to admit when we get things wrong. So not only is that true when you order the wrong thing at a Texas Roadhouse when you're in a fight with a toddler at a park of who gets the next turn on a teeter-totter or if it's even you in your Trading you need to admit when you are wrong. Maybe you could worry about the other things a little bit later.

But in terms of trading, as soon as it breaks your risk, as soon as it hits whatever your alert is, you're like, you know what? My thesis on this is wrong. You have to pull the rip cord, you have to get out and that's going to be true on any time frame. with any investment. With any swing trade, with any active day trade, with whatever you're doing, you're not going to be able to have a hundred percent accuracy.

It is literally impossible. Some of the best: Traders Don't even have a 50 accuracy as in more than half of the time they're handing in losers. It's all about the management of your losers versus your winners. It's your accuracy and then your profit.

Factor Treat it as an overall system. Don't think that like one trade is going to make or break you. one trade's not going to make you, but one trade can definitely blow up your entire account. All you have to do is focus on it as a series of like.

This is my strategy and I'm going to trade it exactly time and time again and over many trades. Is it performing in a positive expected value? or is it actually losing and I need to come up with a better strategy? Uh, Kuduri's step daddy as your financial advisor I Suggest buying Coco no reason, just buy. Coco Shout out to Kudri's step daddy: A Fat twenty Dollar A Fat twenty dollar Super Coco The Vita Coco company is this like the Coconut Water Company. Major Food Diversified Food major Diversified It is ripping I Wouldn't buy it at an all-time high.

but is that what this is? Am I right? Foreign. This is actually performing very very well. Is it the coconut water? Uh, check your Twitter will do. Thoughts on: Kaka Is that an actual one I Think you're now at this point screwing with me Canadian Current account Um I think I'm now being completely uh gagged I think I don't know.

check my Twitter will do uh what am I checking on my Twitter like a a DM or something. Someone just sent this in. we're doing a live react Do you legit has something wrong with him? Thank you Walter Let's see what it is. My name is Joe Biden I'm Dr Joe Biden's husband and I eat Chinese ice cream chocolate chip.

Wait a minute. Is this real. Like he's cracking jokes when he's supposed to be addressing the Nashville Shootings? No way. This is like someone did a parody, right? There's no way you would crack jokes when you're addressing a shooting that took six lives.

I Hope this is a joke. My name is Joe Biden I'm Dr Joe Biden's husband ice cream chocolate chip I came down because I heard there was chocolate chip ice cream by the way I have a whole refrigerator pool upstairs I think I'm kidding. that just makes me feel uncomfortable I Do you really do this? He legitimately did this like it's not like edited or photoshopped or anything like he was making these jokes when he was supposed to be addressing a shooting. I Very much don't want to believe that this is real who you will call me Daddy Yes it is the Coconut Water Company.

They also have news coming out next month's Can't wait and can't promise what we will do. Um, by the rumor sell the news. Don't forget about that if you're If you're able to ride it up, don't be afraid to lock in those gains. Uh, this is confusing and upsetting I Can't imagine what it would be like to be a family member or even a Community member and then this is what we get from the president I came down because I heard there was chocolate chip ice cream What a that is like doesn't he have a team of people who are like supposed to help with that kind of a thing of like hey, don't make those jokes because you shouldn't make jokes when kids die now I'm not like by any means a professionally trained comedian or anything like that.

so maybe I shouldn't be the person uh, commenting on what is or isn't appropriate. but I'm pretty sure when you're the leader of the Free World and there was a another shooting in your country, the opening line isn't jokes like I I don't I'm not I'm now granted I'm not a comedian I'm not a speech writer and I'm also to the best of my knowledge, not the President of the U.S So I'm speaking on this as a person who has no connection to the three, not the president, not a speech writer, and not a comedian. So maybe I'm wrong. Maybe I'm just a little bit off on this one.

but I don't think you should be cracking jokes on this stuff. especially at that time. like it seems weird. it seems really really weird.

and then they were loving it though. The crazy thing is that the room was so uh I guess like trained or prepped to like like that. they're like yeah, no that's that's hilarious. Like that's top tier comic.

That's strange I Don't get it. Uh, come on. Matt You know that's a deep fake. A lot of people are saying this is not a D pick.

A lot of people are saying it's not fake at all. Well now people are saying so. Is it fake or is it not fake I don't think it's fake. A lot of people right away were like no, this is actually real It was a deep fake joke, was actually at a comedy club.

Man, that's why I'm uh, hang on one second, what are we doing in the market? It's a real clip but not about okay. it's not about that. So real clip but not peep. The screenshots you sent me okay, where in what? I don't know where you sent me the screenshots on what medium I'm on Twitter right now but I don't think I have any fresh I don't think there's any fresh.

it's clipped from another speaking. The one of the shooting is totally different. It does seem to be. so wait.

someone Dixie Enormous said that you watched it live I Can't tell if this is full-on legitimate or not. Someone needs to help me out. Inform me a bit more. Someone just put the old clip with a fake headline in front of it.

think for a second did anyone watch this live I need someone to be able to confirm if this is legitimate or not. We don't want to be the people out there spreading false information Biden makes ice cream joke in first statement since Nashville shooting uh no, it sounds like it was actually like I don't think this is a deep fake team. My name is Joe Biden I'm Dr Joe Biden's husband NIH Jenny's ice cream chocolate chip I came down because you heard there was chocolate chip ice cream. by the way, I have a whole refrigerator full upstairs I think I'm kidding I'm not got Ben How are you pal? One of the best guys in the United States Congress Ben carton.

Yeah, no, this looks actually real. The President then turned serious to address the shooting in which three students and three staff members were slain. That's crazy. That's actually insane that is.

Yeah. I I Think they should fire a couple speech writers on that one. Maybe that's not the best opening or do you think he just went rogue with it? Uh, it is real. He joked about the it's sounds like it's real.

The initial reports point to this being actually real. All right, let's get ready for the oh, it's already time. Hang on. The Fed Bar testimony should be starting now.

Banking: Check back for a live video of the hearing. Um, so this is what I'm seeing from what is today: Tuesday March 28th 10 A.m the Dirksen The Dirksen Senate Building Office 106. Check back for a live video of the hearing. Well, we're checking back now brother because it's 10 A.M Uh, it is.

Why are they late? They're late by a minute. Why are they doing this to us? Uh, let's see what this is. What is it. Financial Services Committee: Why do they not have the link out? Well, that's a huge pain in the ass hearings as the 29th today is the 28th.

No, that's the wrong one. This was the house. This is the Senate Here we go. Found it.

Got it? They were just very very slow today. Well get ready. Let's do this. Let's do this.

Let's do this. Let's do this. I'm ready. I'm ready.

I'm ready. All right. Well, it sounds like they're late, but we are here. We're on time, we're prepped up.

Uh, before they get started. don't forget the whole Godzilla thing. 15 more of you need to hit the like button on YouTube and 15 000 of you need to hit the like button over there on Rumble. Um, just remember we're stopping the whole Godzilla thing.

Um, so kind of honestly pretty important for you guys to properly be doing that. Um, now we have 14 banking housing Norman Ferris will come to order here. We go here. we do thanks to the New Deal and the hard work of our Regulators today.

Most bank failures of course. never a good thing or generally not a big deal. but the quick collapses of Silicon Valley Bank and Signature Bank were no ordinary failures in less than a day. Silicon Valley Bank Customers pulled 42 billion dollars out of the bank Fueled by Venture capitalists in their social media accounts.

They created the largest and fastest Bank Run in history in the following day. Signature Bank Lost 17 billion dollars Regulators Both Republicans and Democrats came together to prevent the Panic from spreading. They increased liquidity They promoted confidence in our banking system. They protected the deposits of customers in small businesses, not notably the investors.

The Investments of Executives and shareholders I Spent that weekend on the phone with Ohio small businesses and Banks and Credit Unions Ohio small business owners simply wanted to make payroll. They didn't want to see years of hard work go down the drain because of venture capitalist. Panic Panicking on Twitter 2000 miles away. One woman told me she was terrified she wouldn't be able to pay her workers the next week and I heard that story over and over.

Ohio Banks and Credit Union Institutions institutions that are sound and well capitalized, didn't want to see deposits flee their institutions for the biggest Wall Street banks. For anyone who lived through the global financial crisis, it's impossible not to think of 2008. Once again, small businesses and workers feared they would pay the price for others others bad decisions. We're left with many questions and Justified anger toward Bank Executives and Boards toward Venture capitalists toward Federal and State Bank Regulators toward policy makers.

Scene of the crime does not start with The Regulators before us. Instead, we must look inside the bank at the bank. CEOs At the Trump era banking Regulators Who made it their mission again to give Wall Street everything it wanted Monday Morning quarterbacking aimed only at the actions of regulators this month is as convenient as it is misplaced. Coming from those who never met a Wall Street wish list they didn't want to Grant Many who are the first to scold The Regulators for their failures offer ready years whenever Bank CEOs line up at their offices complaining about out of control Bank Examiners remember some of those complaints that are hearing with Fed chair Powell over the FED merely reviewing Capital just three days before Silicon Valley Bank failed.

How soon we choose to forget when we ask who should have known how the risks were building in these Banks We should start at the source with the executives Silicon Valley Bank almost quadrupled in size over three years Signature Bank more than doubled in that time. The principles here aren't complicated. Banks should be prudently managed, should be mindful of the full scope of risk they face, should diversify across companies and products. The committee must consider how these Banks exploded in size in a way that was clearly unsustainable.

Some explanations will focus on complicated sounding Concepts like balance sheets, balance risk and moral hazard, and stress tests, and liquidity set liquidity ratios. Really though, it comes down to more basic concepts: hubris, entitlement, greed, and always always always with big paydays at the end. For the executives at the top, the CEO's own pay was tied directly to the growth of Svb. At Svb, executive bonuses were pegged to return on Equity so they took more Risk by buying assets with higher yields to make higher profits.

When those Investments started to lose money, they didn't back down. It won't surprise anyone that Silicon Valley Bank went nearly A Year Without A chief risk officer Venture capitalists fueled the bank's growth by forcing the companies they invested in and advised to keep their money at Silicon Bank. And then those same VCS turned around and sparked the bank run by telling the companies to pull their money out, creating more chaos, more panic. signature Signature Bank Found itself in the middle of a Sam Bank when Freed's crime spree at the crypto exchange FTX the bank let him open multiple accounts.

they ignored red flag after. Red Flag It's all just a variation of the same theme. The same root cause of most of our economic problems: Wealthy: Elites Do anything anything to make a quick profit and pocket the rewards and win. Their risky Behavior leads to catastrophic failures.

They turn to the government. They turn to the government asking for help, expecting workers and taxpayers to pay the price and too often workers do, even though no taxpayer money is being used to save these depositors. I Understand why Americans are angry. even discussed it at how quickly the government mobilized when a bunch of Elites in California were demanding it.

People have a pretty good sense of whose problems get taken more seriously than others in this town. Of course, we have to prevent systemic threats threats to the economy, but corporate trade deals are a systemic threat to towns like grew up in in Mansfield Ohio and across the industrial. Midwest. So as a Wall Street so is a Wall Street business model that rewards short-term profits over investments in Innovation and workers and those threats are not only tolerated, they've been actively pushed by the same crowd that this month clamored for the government to save them.

Just as there are no atheists in foxholes. It appears that when there is a bank crash, there are no Libertarians in the Silicon Valley I. Hope that from now on, those who have no problem with government center of mind to protect their own livelihoods, well think a little bit harder about what their Libertarians the Free Market has done to workers in Ohio. Maybe tempting to look at all this and say we don't need new rules.

The problem was those arrogant Executives but they'll always be on arrogant Executives That's exactly why we need strong rules in public servants with the courage with the courage and guts to stand up to bank lobbyists and enforce those rules. The official sitting board before us today know that their predecessors rolled back protections like capital and liquidity standards, stress tests, brokered deposit limits, and even basic supervision. They green lighted those Banks to grow and grow. And grow too big, too fast.

They're important questions about. Deposit Insurance We must consider whether the current amount works for everyone, including small businesses whose real goal is to meet payroll. We expect Bank Executives to understand the basic principles of Bank management to know they can't grow a bank by over concentrating business and specialized areas and pay themselves huge bonuses right up until things blow up. That's not being a trusted partner to your customers, it's taking advantage of them.

These Executives must answer for their bank's downfalls. I've called in the former CEOs of those Banks those failed Banks to test fight I thank ranking member Scott for joining us in that effort, but they must also face real consequences for their actions. Right now, none of the executives who ran these Banks into the ground are barred from taking other banking jobs, Not have had their compensation clawed back, None have paid any fines some executive Executives have decamped to Hawaii others have already gone to work for other Banks some simply wandered off into the sunset. It will surprise no one in Ohio that these Bank Executives face less accountability than a cashier who miscounts the cashier's box.

The cash box. That's that's why I'll be introducing legislation to strengthen Regulators ability to impose fines and penalties to claw back bonuses to ban Executives Who cause bank failures from ever working in another bank. We need to look at bank Regulators ability to not only identify risks and problems at Banks but also be empowered to actually make the banks fix them. Today, my colleagues and I are asking GAO to follow up on a 2019 report where they highlighted communication failures and the extent to which senior Bank management fully addressed identified deficiencies.

I'm looking forward to hearing from our financial. Watchdogs Today We'll be watching them to make sure they assess the damage, hold accountable those responsible fix what is broken last. I Asked my colleagues to work together to make sure that our financial system is stronger after this crisis Americans Have watched the same pattern turn over and over and over again. a crisis occurs, some of which push push for reforms.

If we're lucky, we'll be able to seize the moment and actually pass some. But then the bank lobbyists go to work and they are so good at their jobs. Politicians spend the ensuing years rolling back reforms right up until the next. Crisis And that crisis happens Because you guessed it, we rolled back regulations in this body enabling The Regulators to roll them back Even further.

we know who's the first to get help in any crisis a little. Wonder It's little wonder that workers in Ohio and around the country Don't Trust Banks they don't trust their own government. It's time we proved them wrong. Ignore the corporate lobbyists and put workers in their families first.

Senator Scott Thank you Mr Chairman Today we are here to understand just how we found ourselves in the middle of the second and third largest bank failure in the United States history. Though our questions are nowhere near answered, this is an important first step in providing transparency and accountability necessary to the American taxpayer. I'd like to thank