Foreign foreign ladies and Gentlemen please put your hands together for the Mad core show. Thank you thank you thank you thank you. Seriously, you're like no, no no more Applause I'm just happy to be here I'm so I'll get a little more Applause Thanks thank you thank you thank you thank you I appreciate it I appreciate it I appreciate it All right guys. Seriously quiet down, quiet down.

We have to get to the show. We have to get to the show it is Friday December 16th. You know what day that is. It's quadruple witching.

This ain't no normal Friday By any means it is quadruple witching. Friday So everyone put on your witch's hat and we're gonna get going. It kind of has a weird vibe today. Is it just me? Is it just me? But today has like it's really gloomy here in the windy city of New York uh actually pure fog.

Pure unadulterated fog. Uh, kind of interesting. It was really really dark out. really really dark out.

Uh where's Blake am I right in That does it feel like it's a weird vibe? Does it feel like it? Everyone put on your Chapstick guys I am out of chapstick you can't see it. but like I'm on the oh my Chapstick just fell all right emergency emergency. How are we gonna do this? Uh may I have more chapstick I had to get some on Amazon Prime It should be here between 5 and 10 p.m today. so don't you guys, don't you guys worry about it Now we're on like man, is this how they had to do it in the old days? I Like I broke the part of it off folks.

Before we get into this whole concept of the markets and money and finance and the economy and things that really really matter, we need to talk about something we need to talk about my life. hence the Matt core show. So my completely real girlfriend a little bit ago decided to get a Nintendo switch and she had played this game at a friend's house and she's like oh, you would love to play this game with me and we're not really a gaming couple. most of the time we're just whatever chatting watching a show where we didn't like.

Once in a while we'll play a board game, but we've never really played video games together and there's this game on a switch where you I forget the name of it. but you cook together like you're basically trying to run a kitchen together and you're making cakes and pizza and there's a timer and it's like you have to obviously like get all the ingredients, cook, bake, and then you deliver it and it's like pizza and hamburgers and whatever. Like random stuff, it's a switch game. I'm sure someone in here no overcooked.

That's it. Overcooked. That's the name of it. Overcooked.

Um, so we're playing overcooked folks. If your relationship is too good right now and you're like, ah, I wish we had more problems I'm telling you, get overcooked. Like it. like I'm serious.

like I Don't know how to say this more earnestly, but if you're like oh I wish there was more of a chance that we could get a divorce I Wish there was more of a chance that we could break up. Get overcooked because you will never have more tense moments of screaming at each other. I was like drop the Tomatoes like Chef It was minutes ago that I told you to get the chocolate ready for the chocolate pancakes and you're screaming at each other and there's time and you're like I told you to watch the goddamn place. You never listen to me and you're screaming back and forth back and forth and it gets wild.

Tensions get high and sometimes you get three stars on the level, which within this game is like the maximum amount of stars per level and then other times you don't even get one star Which means you can't go on to the next level and like you sit there and like you're up till two in the morning and it's in the night and you're just looking at them and you just want to strangle them because you're like, why can't you deliver the sushi on time It's not that hard. You put the sushi on the conveyor belt and you're the reason we didn't get one star. Like, tensions, get really high so if anyone needs that in their life, I'm telling you like, get it this weekend, Get it this weekend. Oh A side note here.

which is probably more important than the story: We're giving away a Nintendo switch next week Next week. Today's normally we do payday Friday but every single day of next week is payday. Friday So Monday Tuesday Wednesday Thursday Friday And we're doing awesome things. Um, we're giving away a PS5 We're giving away a Nintendo switch.

We're giving away a trading like a monitor. like a gaming trading monitor. Uh, we're giving away Texas Roadhouse gift cards we're giving away uh. Beats headphones Like over-the-ear headphones all next week.

We're giving away one thing every single day of next week. All you have to do to get involved is look at what's pinned to the top of Chat Sign up for attendees and get on Locals Attendees 100 free. Just click on the link. Use it.

Free Options flow. Free Social sentiment analysis Uh, free Wall Street That's subreddit breakdown. Really, really cool stuff. Get over there 100 free and get on Locals because all of the potential winners are going to be picked from locals.

Get on Locals Macross.locals.com it's in the description. If you're on, Rumble is already there. The code is Moon Gang There's a free version paid version. Get the paid version for free by putting in the code Moon Gang All one word side note.

but yeah, that's just all that Anyway, Uh, where was they? Okay, so you're playing overcooked and now you're not only potentially single in your life, but you're also planning manslaughter or woman Slaughter or not sexist here. Uh, and and it devolves really really quickly. So then there I was this morning and I'm crushing my espresso as I always do like my third double shot of espresso here and uh, it got this. This is gonna get a little personal.

so buckle up. and I was erroneously using the word untenable because last night I was screaming like a toddler about how bad we were at running a kitchen together. and then this morning my completely real girlfriend as I'm trying to have a nice morning together, wake up with the world and she's like, uh, I knew she was unhappy with me because I was acting inappropriately I was acting childish if you will and I'm trying to get back into her good graces. So I'm ready to crack some jokes.

And that was my mindset going into this conversation. and after we just do whatever the normal things people talk about in the morning, she's like I want you to know that you were using the word untenable last night and I was like oh, that's interesting what? Like how would you define the word untenable and she's like oh, it means like whatever you're saying your position uh, it's like you kind of have no legs to stand on and then I said I thought we were talking about untenable. Not amputees. Like what does untenable have to do with amputees? And then the look she had in her eyes after I made this amputee joke.

Uh, it was the same look she had in her eyes when we were screaming at each other when cooking last night. So I'm here to report to you that yes, if you want your relationship ruined, it continues. It's not just in the moment. it's not just the Heat of the Moment when you're not cooking well together, it continues into the entire next day.

I Saw the exact same look in her eyes that I saw last night. So it's almost a contagion. it. it's a little seed, a little disease that is planted to ruin your relationship and it spreads not rapidly.

But it's there. It's consistent. It's probably small percentage exponential growth, and it just eats away at it over and over and over again. So yeah, that's my pitch to all of you for this holiday season.

If you want things to be more stressful and more untenable, get overcooked. Okay, so free sponsorship to overcook today I Don't even know who makes it, but something about it. Man, there's something about it. Overcooked.

Overcooked. A lot of relationships that's a good one. Tell her to calm down. Yeah, oh man.

look at it and now my whole life's falling apart. This is now my Chapstick folks. that's now my check. Can you even see it? That's now my Chapstick everything is devolving in my life.

Everything in my life is becoming untenable. Oh man. Story Time over I mean we could always go on about dude. you were rude.

you need a gift. Take her to dinner, apologize, tell her how you feel. No my Re My issue in my relationship is I can never admit when I'm wrong I don't know why it's kind of up I bet there's a therapist in here who could tell me why I am the way I am. um but yeah I think there's a couple people in here like yeah, that's my problem too I just for some reason fence.

it was like right away you go into defensive nature. it's just like you just want to no you I'm not wrong that type of a thing. uh uh. like that with stocks hello JK uh my wife never admits she's wrong Steve Do you ever admit you're wrong? Thank you Ultimate tool you be you Matt that's the kind of support I Need You guys are supposed to be on my side.

The fact: uh, narcissist, borderline personality disorder probably just I would say that's in the chicken pot pie of my personality I would say that those are two legitimate ingredients without a doubt. Uh, as a therapist, your narcissism is gaslighting your nepotism. Are you sure like I'm hiring people that I'm related to or like are my friends uh, women or another wrong? No I was I think I made better Sushi is all I want to say Maddie The pimp out on the prowl again. look out.

I'll keep you guys updated on Monday to see if I'm single or not as as of now I think I'm still in a relationship, but tensions are high to say the least so we'll see how it plays out over the weekend. It's gonna, it's gonna be. It's gonna be an interesting one. There might be like a surprise stream like mid fight I'll have to stream us playing overcooked because you're just gonna hear screaming and like absolute anger Trump Nfts fix all my problems I've heard dude, this Trump Nft thing is wild I Don't know if it's the worst business decision ever or the best business decision ever.

Either it's going to be complete flop and no one's gonna buy it or everyone's gonna buy it because it's like the ultimate troll thing because it's that stupid of a concept. Who the wants Trump Nfts like who won Trump nft So they actually sold out. Are you being serious? They sold out in 12 hours Matt Matt Matt Buy sugar brand chapstick. Uh I got some sort of natural thing because it was the one that would be shipped the fastest on.

Amazon Yep, they sold out in 12 hours. What? Trump uh was it collect I was on the website last night. Um, limited edition trading cards? Yeah. sold out Holy oh my.

God how many were there here he is as George Washington Here he is as the stock market. Here he is as a Hollywood star. Here is as just I guess a duck hunter here he is as Superman here he is Tiger Woods Here he is as also Superman but more of Clark Kent like he's there. going from Clark Kent to Superman Jesus how many were sold I Don't know if we just witnessed the biggest scam of all time or just the most amazing understanding of human psychology ever.

Whatever it is makes me feel uncomfortable. Sold out sold out I Don't dude, how how do you I don't think drug dealers could give away drugs that quickly? 45 000? No way. Seriously 45 000 To someone? actually? can someone confirm that? someone typed in 45 000 and I Just want to know Matt Buy Sugar brand chapstick from Sephora It's worth it. Here's 10 to go buy it.

You won't be disappointed. Happy Holidays Sugar brand from Sephora or I'll check that out. Thanks Steve uh Ron Burgundy 45 000. well you're the only one saying it.

Can someone else confirm Sean says 45 000. if there was literally 45 000, look at how much money this dude made 4.4 mil. I don't know what percentage of it he gets because I think he sold his like face rights to some company that made it. but I'm sure he gets a chunk of it.

4.5 mil profit I mean I don't know if it's profit because I don't know how much they took the team to spin these nfts up the website. There's cost, but he probably made a mill overnight himself if I just like had to throw out a guess. Isn't it? That's just so wild. 4.5 mil overnight Dude: Like, what world do we live in that? this is the thing like that.

that's just fascinating. Absolutely fascinating. Uh folks. before we get into some of the stock stuff, if you guys could, please please help me out.

Don't forget to hit the like button and don't forget to subscribe. Um, we're we can do better on likes. I mean if Trump can sell out a bunch of nothing cards for 4.5 million like actual legitimate money. I think you guys can hit the like button for free like he sold 45 000 things for a hundred and I can't get 500 of you to hit a like button.

Dad is that's just wild. Um, uh, someone? I See a lot of people commenting on Cosm? Uh Cosm looks like they are doing a reverse split as of today. That's really bad. As soon as you're doing a reverse split, you're basically just praying that you're not getting delisted Like that's not a good sign ever to do a reverse split.

Uh Cosm, when you're doing a reverse plate. remember this is equivalent of taking 25 of one dollar bills and moving it into one twenty five dollar bill. And you might be thinking, but Matt There's no such thing as 25 bills. Shut up nerd.

That's besides the point that's not we're talking about. There's no Financial change for the Longs or the shorts. In this, the same amount of money you have long and then the same amount of money. Shorts have short it.

It hasn't changed. The only thing that's changed is the amount of shares, but the same Financial investment whether you're long or short is the same. It has not changed. 25 one dollar bills now turned into one twenty five dollar bill.

Um, there's no Financial change. Dude, it's up twelve hundred percent. It's not. It's not at all because you now have the shares are now worth 25 x more.

But you have 1 25th of the amount of shares you had from yesterday to today. There's no change. There's no Financial change. Your net worth is the same.

and in fact it's actually a loss. Because look at this. people realize that reverse splits are so bad that you're now down actually 50 So relative to yesterday. What was this trading at I Don't know.

some value? Um, they realized how bad this is and it's a massive dump. So in fact, you're not up. You're if you were long on Cosm yesterday. If you invested a hundred dollars.

and let's well, let's just say your investment was worth a hundred dollars your investment is now worth Fifty dollars. You have actually lost 49 in this deal. You got screwed. I've been calling out CSM as a pump and dump and that's exactly what it was I Know some of you, you're upset that you have money in Cosm and you're upset that I was against it.

Um, but then to the people who are listening into the degenerates out there who actually were shorting this: congratulations to all of you like you got screwed on this C-o-s-m you got absolutely Unless you're bearish. If you have a bearish position, you just destroyed it. Actually how many of you in here are in Cosm? how many of you can you guys tell me like how many of you are long on Cosm like I would love to talk about it. Unfortunately, you got screwed like this is really really bad.

Uh, for those who aren't in, it is now a good time to get in. I Wouldn't touch it at all I Wouldn't touch this at all. A penny stock was a pump and up. No ducking way.

100. This was just a pump and dump. Was anyone in it because I see some excitement of people in it and they're trying to say it's up a big percent. What do you mean it's up a big percent.

It's down 48 percent. How many people did Lou Lou was telling people to get in this. Why do people listen to that guy uh I hit the damn like button and now where the F are my Mike Kearns Limited edition Nft trading cards Shout out Aaron I Spent all my money on Trump Nfts I'm logging CSM CEOs Forcing shorts to cover. They changed the cusip number for the ticker.

Changing the cui C-u-s-i-p number does not force if if something forced shorts to cover it would. also Force longs to sell. There's no such thing as like this concept of like oh, shorts are going to be forced to cover, That is something that is just made up uh whoa Do something nice for your lady Matt U.P True Breed Up True Breed I Don't know what that is, but you just gave a mega donation of 50 bucks. Shout out: I Will when I spend your specific fifty dollars I Will lit my completely real girlfriend like every single dollar of it I'll be like this is from Up True Breed.

uh I'll be uptb for sure you're just in my relationships now. you are now known as Uptb I Appreciate that. That's incredibly kind of you. Uh, anyway, wait, hang on.

Someone does seem to be long. You guys got screwed on cosm C-o-s-m you the leadership you the shorts are winning this like I'm not saying that as if I'm happy because think about this. I Know if you're losing money, that means that you have more of a disdain for the market. If you have more of a disdain for the market.

you're not going to watch Market related content as in you're not going to watch me if you don't watch me. That means I get less money from Rumble YouTube Advertisers I Am not happy that you're losing money. If you make more money, that means there's a greater chance of you coming back. To me, there's not a single ounce of my being that is stoked that you lost out on Cosm.

But in the future I hope when we're costing about oh maybe this is a potential pump and dump. Maybe just maybe listen a little bit more like I'm in no way happy people are losing on this, but you like if I can save other people like yes, some of you got on this but I hope just I Hope that some other people in here you're like hang on I'm learning a little bit more I Avoided this because it looked like a pump and dump because that guy with the amazing fashion sense was talking about it I Hope hope some of you out there like we protect it I Was in Cosm, bought in at 1750 last night, sold in the 50s and 60s. Congrats like there's a when do you come into this world of like these penny stock pump and dumps. There's phenomenal volatility which means you can make a lot of money, but you have to be very quick.

You have to be very quick. with your entries and your exits, and you really have to respect your risk. This is not something you should ever be like Oh I'm Diamond Handing it has to work out. The shorts have to cover.

That is not true. Be very very quick. Take your money when you're hitting your goals, respect your risks, Don't just blindly think oh, I'm gonna hold this until the shorts cover because you get like this I don't know how many examples I Have to show you cosm CEI uh what's the other one that people I mean at this point Mmat is also getting slaughtered. We're seeing ape getting many things.

If this isn't specific to penny stocks right now the Market's getting slaughtered. Look what's going on with like the general Overall Market This is not a time to just be like Ah I Have a lot of faith in my high risk High Reward place. We are in a very, very restrictive Market that is tough to really be massively profitable by just generically Diamond Handing things. This is a very tough environment and with it being a restrictive environment, that means your high risk.

High Reward plays. You should probably stop doing those for the time being. there's a time and place for all this type of stuff, but 2022 in terms of monetary policy and thus the reaction that we commonly see in the market is wildly wildly different than 2021.. it was way way easy to make money in 2021.

I mean Mullen A lot of people are jacked up right now and I get it like I know some of you are gonna be like oh man I don't like that you're talking I'm Molly Mullen is gonna do right here. Roughly, not exactly, but roughly what it did previously. It's gonna pump people up. People are gonna get sucked in.

You're gonna like what's going on and then the bags are gonna get dumped on you I don't know how high it's gonna happen. It could be this high as of yesterday at 40 cents. it might rip for forty dollars as as I Don't know I Can't tell you the timing or the peak. but the general pump and dump.

Look at what Mullen's done in the past. Pump Dump Pump Dump Pump Dump Pump Dump Pump Dump Pump Dump Another pump and dump. A bigger pump and an even larger dump Like historically, that's all this does is pump and dump. So my question for anyone who's in cosm CEI Mullen Why do you think that the time that you're in, it is going to be something different? Is it because someone who doesn't know anything about the stock market is screaming at you on Reddit Twitter and YouTube that this is going to be your financial freedom? Because if it is, they're no better than a telepaster who is selling you snake oil.

Please please please be extraordinarily careful and in reality, you're gonna eventually learn to spot these things from a mile away. I Mean we saw what happened with like Mmtlp which I Know there's people in here like okay, Finra was involved blah blah blah like that type of a thing. but in reality, whether it was manipulated or not, look at your account, look at your P L. Do you have more money? Or do you have less money? Because yes, we can fight for more of a fair and transparent Market But what should also matter is how much money you have because you're using that money to ideally better your life.

Whether for your friends, your family, your bills. you also need your money to keep going up and up and up. I Don't think that they have to be mutually exclusive to fight for a free and transparent. Market That doesn't mean you have to be a martyr who's like absolutely murking your own net worth.

You can still be making smart, intelligent trades and Investments while still fighting for what you view to be mortally correct, like they are not mutually exclusive and time and time again I Feel like over the past two years we're just seeing retail Traders Getting absolutely taken to the Woodshed So please be care I Mean Gtii Another one right here just getting absolute boom. That's hang on. that's a different GTI I Always do this with Gtii Gtii right here. Here's this: OTC Getting absolutely murked pump dump pump dump diet like we called this out.

How many times? Please be careful. wait, someone got a warning. Uh oh, you got a warning from our Canadian mod. you really had a wait.

Salty Ape just said Matt how are you not in jail? Why would I be in jail? That's a fair question. Oh well. now you are hidden and now you're not going to get your answer at all. Why would I be in jail for being 100 transparent and honest at all times.

That's why you think I should be in jail? No warning. Uh I mean Salty The World's Gonna suck for you if this is how you view the entire world I feel for you man I I I feel for you I hope your life improves. Um, you? You're right. Your name is right, you are salty.

You're most likely just a jealous little who's a keyboard Warrior Arguing day in and day out and let's see how that turns out for you. I I Truly wish you the best of luck, but you're not going to be back in here. He's overly salted. All right.

Um, where were we? What time is it? Ah, 9 28 I had things I wanted to go over just so you know Dow futures fall 300 points as Wall Street sell-off continues Whoa! Goldman Sachs Is planning to cup eight percent of its employees in January the world's getting Rough Team: The world is getting rough. Be careful, we are still in a very tenuous time. Uh Peril is on the horizon. This isn't the time to be blindly bullish.

It was one thing when high growth Tech plays had to start laying people off. but now we're seeing it in the world of Finance Be careful. We're also still seeing a very restrictive policy from the U.S fed from the ECB from the Boe the market. This isn't just La La Land time where it's all well like roses for the Bulls like this were more in like one of those shows where the Bulls get like murdered.

um the Dow, the S P and the NASDAQ are all red oil coming down to the mid-73s Uh yields going up a little bit. Five things to know before that: Bell goes ding ding ding uh Desperately Seeking Santa looks like we are not getting that Santa Claus rally this year Twitter Targets journalist. We'll be talking about that in a second. U.S squeezes Chinese Chip maker uh Semiconductor is definitely worthwhile to pay attention to.

We'll talk about that in a second. Adobe delivers I Didn't actually pay attention to their earnings, so maybe we should dop into that and flipped off investors home. Flipping profits hit three or lowest profit margins drop significantly. Real estate running into very, very serious headwinds.

Um, very serious. So I think at some point in 2023, 2024, if you're a real estate investor, you're probably going to be getting some nice investment opportunities. All right. So with all that being said, the casino is open.

So here is the plan. For the first 10 15, 20 minutes, we're gonna watch the market open. Please let me know if there's any crazy movers you want to pay attention to. I Know a lot of people are talking about Cosm.

Cosm screwed you. Uh, let's be very clear about that. It is down 50. as in if you had a hundred dollars of value in Cosm yesterday, you now have 52.

You are not up on Cosm unless you've been betting against it. Cosm destroyed you. The leadership team most likely destroyed you like it's just I Don't understand this unwavering support that people get for the leadership team of certain companies. They're like, why can't we just think that maybe just maybe leadership teams are screwing people? Uh, AMC is not ripping.

It is a 0.8 It is up three cents. That is not ripping. Matt Do you feel if we hang on what we can hold on in the market that your investments will come back in 2024.? Yeah. I Think the turnaround is going to start in 20, 20, 30.

and then I mean I'm still very confident in my long-term positions. like if you're going out three, five, ten years, I Still feel crazy confident where it's more. so this bearishness is in the short term. Um I think we're going to end up bottoming out in 2023.

Matt can relax knowing he's been nothing but transparent, hasn't pumped anything unlike Lou and the like you're good do Matt don't forget that Whirlwind film I appreciate that. Um, and in all reality I think it's just a moral thing to do, but obviously I'd be also very scared of like any trouble. that's why. like if I know right now it's absurdly easy to be the person pumping hopium in copium.

whether it's Gme AMC Abe Gtii cosm mmm mmat mmtlp but all that stuff. The issue there is can you morally be okay with yourself like you see that these fin twit people as Zach Morris all this pump and dump that hopium, that copium. They're serious trouble that that whole Atlas Trading Group just got into that is the nightmare I will I'm never going to put myself in a position of them saying no, no, you were pumping you were so stoked about it. like if I don't have a reasonable thesis I'm not just gonna sit there and tell you guys that it's okay and maybe I'm wrong.

Maybe I need to look into something more like am I going to make missteps in this 100. But for what's going on in my mind in any moment in time, you can always be rest assured that I'm telling you 100 what I believe Right now, There's no surprise that recently I've been very very unhappy with Adam Aaron and the AMC leadership team. I Think that they're kind of stabbing Us in the back now they still own AMC I still own ape and for that point I still own Gme I still own those because I pray that they turn around. but like I'm not gonna sit here and just be part of like this hopium copium circle jerk because people get hurt, they get financially hurt and then that cause can cause many other problems and I refuse to be a part of it.

Let's not forget the Lou conveniently deleted all of his YouTube vids last night. This is comical. No way he deleted all of his videos tells me the Essie's really I haven't looked up his videos and I actually just don't really watch his because he's so full of it. He is such a classic shyster.

Oh wow, what a scumbag! Lou after Wall Street Lou after Wall Street Uh so he is classic pump and dumper. 75 million views How do you get that many of you now? I Can talk money in and outside of Wall Street What's his website? What a piece of I mean is anyone he's selling a book? I mean he was literally arrested like there's all those prison like what a scumbag like. the SEC and the Doj should absolutely crush him. These people are scumbag.

Liars There's so many scumbag. Liars Um, you have all these meme accounts Reddit accounts telling you to buy and buy and buy. You have these YouTubers telling you it's going to 60, 70, 80. You have these other people telling you it has to explode, the shorts have to cover and they're putting in all this money.

I Just bought another hundred thousand dollars in derivative baskets when they don't know what hedging is and they think they're gonna like. it's all. Man, these people are lying to you. They were absolutely lying.

and I don't know what's worse. I Don't know if they know that they're lying or they're so stupid that they've bought into their own hopium or copium. but whatever it is at the end of the day you have to look out for. Numero Uno Look out for yourself.

if it doesn't feel right, if the things don't add up in your mind, run away as fast as you can. You are the one paying your bills. These who don't know what they're talking about and are lying to you and are literally just going for like Hot gotchas and Hot takes and the Opium and the coping. they're not paying your bills.

Please please please please please please protect yourself I Beg of I beg of you if just one person listening to this right now if I can save one of you one dollar I did my job I did my job. If I could save one of you one dollar, uh, you pushed FTX I did and it was an absolute horrific blemish on my career. I I did my DD uh my DD was not enough I Don't think there's any DD in the amount in the entire world that could have told me that it was fraudulent because 24 Auditors didn't notice that SoftBank didn't notice that BlackRock didn't know to say clevin O'leary didn't notice that the SEC didn't notice it. The chance of a YouTuber noticing it is is actually zero.

But with that being said, yeah, it's an absolute embarrassment and I'll own that. it was an absolute up. uh. but also I guess one thing that I can kind of hang my hat on is the entire time since Voyager I've been telling people self-custody so if you listen to me like truly listen to me FDX had phenomenal transaction fees and then if you were storing it on your own wallet, you're 100 fine.

Uh, 100 fine. So like I'm not going to run away from it. It was a mess up and I think you have to own your mess ups. Once again, I'm not going to be perfect but I don't think there was any way to know that it was fraudulent I I Truly don't.

And once again, even with all that being said, people who truly listen to me are still 100 fine. And with that being said, we're gonna get into this segment talking about binance and Kevin O'leary still to this day I Believe in Crypto but I believe it should never be left on. Exchange If you are watching this right now and you still have some of your crypto on Exchange that's another thing. I Beg of you Protect yourself.

So much about the market is capital preservation. It's de-risking any situation you possibly can. So when it comes to the world of crypto, you can take risk out of the scenario by self-custody I mean an even bigger fan of cold walls. But if you want to leave it in a hot wallet like a little bit hey, whatever, have at it.

But self-custody is the way to go. Do Not Keep Crypto on Exchange Uh, what's going on with Cosm there? Well, it's now halted twice. but they did a 25 for One reverse bullet which whenever a company starts doing reverse splits, it's very, very bad. Um, and that's what's going on with Cosm.

They're probably trying to not get delisted. I would assume that they were listed on the NASDAQ. We could check this out. Uh, but they're probably just trying to avoid the de-listing Yep, it's on the NASDAQ.

So I assume that's why they did the one for 25 reverse split. This is it's screwing over people like Cosm. It's a it's a dumpster fire. There's a reason why it's down 51 in one day.

It's a penny stock that people are trying to pop or promote. and apparently you have leeches of the AMC Community such as Lou Who were doing it. Um, B As soon as you hear anyone talking positively about any penny stock about any penny stock in the entire world, that should be an initial red flag. Does that mean that every penny stock is absolute trash? No, but a high high percentage of penny stocks are absolute trash.

Not 100. But as soon as anyone's pitching you as this amazing penny stock, that's going to change your life, and this stock is going to revolutionize the world, you should probably start heading for the hills and run away from those people. unless you want to be a real degenerate and be like ah Fu and start to short it. That's kind of funny in that kind of bother.

Is that what we should do I think Should we do? that should be? Should that be the new and improved Moon Gang Goonie community in 2023? Should we just short to switching pennies or switch to shorting penny stocks? What happened to Cosm, it's up one thousand? No, it's not. It is down 50 Right here. You're just on um, charting software that hasn't taught properly taken into account. the one for 25 stock split, it is down.

If you have charting that is properly adjusted for the stock split, it is actually down 50. You are not up money. You are not up money. Actually, in the slightest, you are severely down money.

What is the Goonie Community you speak of. You're in it right now. You're living it. Uh, in all fairness Matt you train Andrew I'll push AMC hardcore to a lot of people who lost money.

No one should listen to any YouTubers at all. um I Kind of don't disagree with the second point. I Think you could listen to YouTubers for just other opinion but to take it as gospel? that's um, it's that silly. But in terms of Matt Trey Matt you Trey Andrew I can't speak for Trey I can't speak for Andrew They're their own people.

They have their own thoughts. They have their own this. but also um, this was pointed out in the excitement of like maybe the the Apes who first decided that I wasn't enough apish for them. There's not one point in my entire career you can't sign, find a single video, you can't find a single tweet or anything like that wherever put out a price Target um it I guess it depends on what you mean by pumping I explain my opinions and thoughts on AMC and I thought I backed everything up with evidence I never believed that I was the person who's like oh, you gotta buy it it has to squeeze it has to squeeze I never said I had to squeeze I never gave out a price Target and I gave out my thesis of like okay I see what's going on with Ftds I see what's going on with short interest I see what was going on with Jimmy at any point in time I feel as if I had a thesis that could back up my reasoning I never truly believed I was there saying oh it just has to go It has to go It has to go I put my own money on the line you guys saw me actively training AMC I mean especially back in the days when I was in Philly with like just the pure white board and I didn't know how to stream at all you saw my accounts I showed you what's going on right now my positions are so publicly available on public you can see I have AMC ape Jimmy you can see what I'm doing and in terms of this pumping and excitement and that I feel like at 100 of the time I backed up what I was saying.

There were other people that I got into disagreements with publicly of Trey not really understanding what the difference was between uh like kind of dark pools and market makers and the amount of Trades and the shares and like all that like if anything I feel like I've within the community been like the not fun mom of people like kind of setting realistic ideas and conversations like that's why like a lot of these quote unquote hard hardcore Apes like have an issue with me is because like I've never really gotten into that hopium and copium and just generically believing that everything that's positive is right. Not everything that people are saying that has a positive tone to it is right. that's super super dangerous. Some of it is right and I agree with.

And then there's other aspects that I just I don't know what they're getting it from. They're just like I don't know. They want the hopium and copium to be true because they want to think that where they put their money has to work out. There's literally no such thing as a guarantee in the market.

Mom cores all halts five minutes. Uh, Cosm has now been halted twice. Not all halts last five minutes depends on the type of halt The Cosm halt thus far has been. Two circuit breaker holds and circuit breaker holds are five minutes long Trey killed his own career.

Maybe you never know I mean just as a human being I hope he didn't like I He never like, wish ill of someone blowing up their own career. He might have. he might not have, but I don't like I I don't really necessarily see the benefit of like wishing ill among others. What's the long-term opinion of Loose and Lucid's probably? well, right now.

long term I Don't know I I Think there's could be success in Lucid in the long term, but it has to survive the continued upcoming hit. The markets are most likely going to take take in 2023. um, if it can survive the Rough Waters coming up over the next 12 months I think that's good? uh I don't I need to be do a quick refresher on its like balance sheet situation to see if it has enough money to survive that long. but if it can get through a year of like hardship I think it'll be good something like Tesla it has enough of a balance sheet that I think it's good in the long term.

Um, but right now the name of the game is looking at these companies and asking yourself, does the balance sheet suggest that they can survive roughly a year of pretty tough times? I mean Goldman Sachs is laying off what eight nine percent of its people that take that as like a warning shot Folks, we're not heading into Good Times Big companies don't lay people off when they think the economy in the market is going to be all. Rosy Why are we following Mullen I'm I don't like Mullen I Think Mullen's gonna cost people money. Uh, it's up just because people have been talking about it. but I think this pumps and dumps the way it has in the past.

Best guess for bottom to come in first or second quarter I Think it's actually going to be somewhere between the second and third quarter and once again, that's just a guess. Just a guess. Uh, what do you think about spy training on the Gap right now? Do you think it'll gap down? We'll cover I mean I Very much believe both gaps will eventually cover. We have two upside: Gap Fills, One, two, three, Eighty seven.

There's the clothes. We have three very close gaps. There's actually more gaps in the chart, but we have a downside: Gap Filter Three eighty One fourteen. We have an upside Gap filled to 388 and another one to 396 and some change I think all three gaps eventually are filled if your question is which Gap will get filled first.

I don't know if you asked me yesterday I Mean unfortunately, we gap down again. So if you asked me yesterday, just the fact that we closed below 390 I would have been like oh, 381. but now we just have a very close upside Gap though. so I mean obviously that's a tough one.

Like these are all the gaps I'm watching two upside Gap fills and then one downside gavel with in close proximity I think an ideal scenario is a gap fill up to 388 and then the Gap fell down to 381. just to start cleaning up the chart just because like there's so many gaps and it's ugly. but this is a big technical breakdown. like right now, the chart is bearish.

like I don't necessarily see any bullish enthusiasm from a technical perspective right now, which makes me feel like the Grinch captured Santa Claus and murdered him. Avatar is going to bomb hard. uh I don't know about that. I Mean right now, hang on.

there was this clip about it. So is the film on track to break even or make money just based on what James Cameron has said. so again. I I Don't know the budgets Becky and I I Don't know that Jim even knows the intricacies of how how it works.

but this is going to be a very big movie and it's going to be particularly a big movie for IMAX Because you know, as you said, leading in, it's kind of going to play on two tracks. I Think this is going to be how the movie does overall, but in IMAX it's almost a separate track and it reminds you the first avatar. Um, we did 250 million dollars just in IMAX a 250 screens and now we're opening this on over 1500 screens. It's not linear when we're not going to do that much more.

but judging by the priests in in the U.S with AMC we're about 35 percent of the pre-sales in the whole country and in China we were 30 percent of the pre-sales in China. So this is going to be a big movie. The The theatrical release is important because this movie again three hours and 10 minutes long. That has been something that the theaters have been three hours in 10 minutes long movie studios for a while trying to shorten it and maybe pull it out sooner.

How long is the theatrical release window? How much time do you have exclusively with this? Yeah, I don't know what they decided, but it's it's long. So um, pretty much because it's such a big movie. Um Everybody Cleared out almost everybody until the end of January Oh, competing films. So there's virtually no film.

There's Babylon out there and I think Puss in Boots but that's it. But when when will I be able to watch this from home? My guess is always smart. Not until March April So that is a Long window it is. I mean Also, this isn't the kind of movie that you really want to watch at home.

as you know, because you saw it. it's it's a movie of scope and scale and sound. And I just think watching it on your couch isn't going to cut it if you think this guy is a robot like I think he blinked once that entire interview anyway. Uh, I Actually think Avatar from a box office standpoint will be a big success.

Uh, looks like the Spy is going for that. Gap Phil What is the gap? Fill: 387.89 Let me actually speaking of locals, let me put that in there for everyone who's not attending today's cult meeting: 387.89 Spy Trade Idea Upside: Gap fill to 387.89 I Just want to double check that 387.89 All right. Uh, all right, throwing that up on locals. Um, speaking of which, for those of you who are joining in right now, uh, get onto locals because next week Monday through Friday every single day is a Payday Friday we're giving away a PS5 a Nintendo switch Beats headphones we're giving away Texas Roadhouse gift cards.

Uh, an espresso? Uh, so cool stuff. Every single day we're giving away one cool thing all you have to do is get onto attendees which is free options flow. Which speaking of which, I should probably reload this and see what the new options flow of today is and then all the per. Like all the people who are going to be in the running uh, it's going to be selected from locals that Cores.locals.com Make sure you are using that.

uh the code is Moon gang if you want the premium version for free. All one word. Uh, the next season of Pokemon will be the last featuring Ash and Pikachu puts on Pokemon Seriously, they're getting rid of Ash and Pikachu gift Idea Matt's Toyota Corolla that's funny. Uh, Senate passes one week government funding bill averting a partial shutdown.

The fact that this kind of some positive news that could be settling some tension so just wanted more of a quick little political update. And in terms of geopolitical, China's sudden reopening reveals new challenges as infections soar. So the whole China covered thing. It's making everyone's life much more complicated, especially if you're in the market.

so definitely something to pay attention to. But they're kind of reopening. but now that infections are soaring, it makes you wonder: are they going to stick to the zero policy thing and then shut it down again? So pay attention to it, especially if you're paying oil because China represents a lot of the demand. or maybe I should say lack of demand if they do shut down of oil.

So for all my oil, Traders and investors out there, please pay attention to the China story. Uh, we're going to have a video coming out today about Kevin O'leary and Binance and CNBC And if you guys didn't see it yesterday, there was a really, really awkward video interview between the CEO founder of Binance CZ and CNBC to the point that Becky Quick was in the interview rolling her eyes. That video I did a quick breakdown of it. It'll be coming out today tomorrow, probably today, but then he was talking a lot of on Mr Wonderful AKA Kevin O'leary and he decided to hit back today.

So there's a lot of drama in this Rich powerful world of crypto and hey, I think we're all here for it. Something before, uh, we go any further. Yesterday on the air CZ called me a liar that suggests that I perjured myself in front of the U.S Senate for two hours this week, I Can assure you that it's not the case. Another little Parable Here you should understand.

When I was young my birth father was Irish put me on his knee and every Irishman will know this and he said Son never call it an Irishman a liar unless you know with certainty that's true and I said why is that that he said because the Irish are crazy now I don't know what it meant back then but I gotta tell you I'm not happy about that. So at the end of the day I Have no ill will to this guy but he's part of the story too and you found out yesterday you did a little work with Squawk Box We talked about it either being 2 billion or 3 billion. that's transactions and that's the largest transaction I Think of anything in there regarding the balance sheet in in recent 24 month period and he confirmed it was 2.1 billion and then he confirmed that he still had 550 million half a billion dollars of Ftt tokens. Now at some point we're going to look at that week of November 6th and you ask anybody why did they why was sandbanking, afraid or the whole company Fgx forced into bankruptcy? it was jamming down that last half a billion that gave them no option.

Now is that the Fatal stroke or blow to get rid of your Global competitor I Say yes and I'll tell you something else right after that interview. I Got a phone call or actually was a text from a lobbyist in Washington saying don't go anywhere, you're coming back So I bet CeCe he bought himself an invitation to Washington yesterday. Can't wait to meet him there, we can go cycle. Kevin I Suspect you might be right on that front.

The only thing I'd say even if that's the case, even if what he did led to the uncovering of what we now suspect what's now been alleged in these documents or these complaints from the SEC and a criminal complaint too. I mean the criminal complaint doesn't get into that as much as it gets into the idea that this was fraud underneath it. Anyway, So if CD CZ did bring down the demise of this and let us see what was there, maybe all he did was sweep the tide out and we saw that SPF was swimming around naked. I mean that may be the bigger issue here that do you think he's been picturing? Maybe it was a favor to everybody if it unveiled a Ponzi scheme that might have still been going on otherwise.

But remember, he was trying to buy the business at that time on. Wednesday The idea was he was going to buy it. Was he doing that just to throw more shade at him? I Don't know. Well, we don't know.

but obviously if he thought there was fraud, he wouldn't have made an offer to buy it. So nobody knew. including remember this guy's a huge shareholder of FTX or he was and so he didn't see the fraud either. So at the end of the day, the question becomes clawback.

You've been talking about it for the last two days. Is that 2.1 billion Madoff style clawback? Who knows. But if I get on that credit committee I'll be one of the guys doing the clawing. So I'm looking forward to that.

Every shareholder has to have an answer to what happened here. I Normally would have written this off like the other eight. Venture Investments but not this one. I'm staying on this one right to the end.

I'm going to teach this course at Harvard one day and my guest lecturing this is going to be a case. This will be a chestnut. This is an extraordinary, extraordinary situation right now. You should think about you differently though.

And then we were talking about actually endorsements and dorseys. You know, Obviously, you know Larry David was in the FTX Super Bowl commercial Tom Brady took on his role as a spokesman of sorts for the company. You're a spokesman for the sorts of the company. Uh, not of sorts.

but were it's funny I Don't know if it's funny. Some people wouldn't expect a Larry David or Tom Brady maybe fairly or unfairly to either have known or understood or necessarily done all the diligence that they should have done. and they think that you should have. Well, that's interesting to differentiate me.

I Can tell you he's a better quarterback than I am. so there's things we do differently. But let me tell you what the theory was and why Sam Bank and Feed was hiring all these people. He was very jealous of the accounts that Coinbase had and he wanted to figure out how to build a retail base quickly.

And so it's not crazy what he did. Putting his name on an arena makes sense if you can make a brand become ubiquitous in America so that you can try and get more consumers to build that base. Maybe jealous in the right word, but he said they started three years earlier and they way ahead of him and he wanted to catch up and that was the way to do it. So it's not a crazy Theory companies advertise and they do it this way now.

Obviously, none of us would have wanted to be in this mess if we could have avoided it, but we just didn't know. And frankly, Venture investing Venture of investing is you can do all the due diligence you want. You're still going to get eight out of 10 go to zero. That's been the stats since 1954 when they first started covering it in Boston right? So at the end of the day, that's the nature of investing.

This way. it's risky. Just one question about the creditors. just your opinion on it since you're trying to get on the creditors committee.

If they do recover money, that money that goes back, what should the order of the creditors be? Who should get paid back First, the people who actually lost their money that they were asking them to hold or contractors and spokespeople like where where should that fall in your opinion I Always my opinion about this is when you become an advocate for getting it back on a credit committee. you take care of the small people First, the people that lost their money into I don't mean small people I mean people like diminished diminishment amounts inside their accounts. They're hurt the most. And so it's not that the shareholders of which I'm included I'm in both of these groups.

I Don't think we should get anything back. We're Venture investors. We're big boys. We lost our money.

We understand it. I Don't want anything back there until the people that had money in the accounts get theirs back. That just seems that just seems fair. and I I really is we we know as Venture investors.

We're going to get it wrong 80 of the time and here's another one. but it just there's something wrong with sweeping somebody's account of their assets. Where's that money? That's the question I have and everybody on the committee is going to want the same answer and so does John Ray Wear This is a classic case and he said it himself this week in front of the Senate too. This is just follow the money.

All right. We did that. We did that. Oh, we could come back to that quick check-in on the market.

We're looking for that Upside: Gap Fill I Guess we're just inherently closer to it 387.89 Maybe a little bit of a relief today. 3 87 89 All right right up there. Let's tag this up, bag it, and tag it boys. 387 89.

let's see if it fails. Uh, cosm, what's it? Its third hole of the day Tesla Getting murked like I said uh, my target which this was all in locals was 155 by year end. We hit that yesterday and it seems like it's going a little bit deeper. Um, so we'll see how that all plays out.

Uh, interesting things going on in the world of Twitter in case you guys missed it recently. Twitter Suspends multiple journalists who have been covering criter sizing Elon Musk Twitter's suspended several journalist accounts on Thursday Many of the affected writers have been covering or criticizing Elon Musk in their preceding days, but in a Thursday tweet must suggested that the suspensions were related to tracking of his private jet. So it's very much the doxing of people's information and also their like doxing of I Get I Don't know if the word is doxing, but whatever the word would be for, like sharing the current whereabouts of someone, it seems like Elon's coming down on that I Guess I Want to get your thoughts on it? Um, he's also apparently uh, any links to Mastodon which is kind of a smaller, but it's a competitor to Twitter any links to that. He's kind of blocking those tweets from going out and this is kind of an interesting question of okay, we get it.

Elon Musk says that he's a free speech absolutist, But then on the flip side, like in terms of human protection, you can't have people doxing people. So even right there, so much for quote-unquote free speech. So like I think there's a fair discussion to be had there. like you don't have the right to free speech if you're endangering someone else like that's the old saying of you can't yell fire in a crowded room if there's no fire like I think it's in that same vein of thought of you don't have the right to free speech if it could cause other people harm and I think that's kind of the vein he's taking I don't know I haven't thought about it.

do and I like I legitimately want your thoughts on it of do you think that he's overstepping and you're like, wait, what the he's just like using this for what he wants Or do you think that what's going on here is like no, you need to protect people and if he happens to be protecting himself, whatever because he should be protecting anyone who's getting docs. I've been docs before and it sucks. So maybe I'm a little bit biased here, but I think if you're doxing someone, you deserve to be permanently suspended and it seems like he's also taking that a step further of like in the definition of doxing of using it for people's current whereabouts because it seems like that could lead to violent crime and if Twitter's supporting it, they might be held legally liable. So I don't My gut instinct is that this is still not against freedom of speech like I Still think this is Free Speech because in free speech, you still don't have the right to get other people heard or potentially hurt.

um, and like it's just all these from The Washington Post Independent journalist Aaron Rupert I don't know who Aaron Rupar is but I saw it all over. This is the only information from Twitter no email but like, what did he say I mean I bet we could just go. we could just go right to Twitter and ask. we could see what Elon's been saying about the whole whole ordeal.

Oh wait, what is this one? I was playing just for one second arguing with you on on Squawkbox. You went from Charlie Munger's view on Bitcoin to Michael Saylor's view on Bitcoin and I actually kidded you about it I said who are you? you? You you? You may know nothing, but you're never in doubt. You're so strident when you said it was just worthless and rat poison and then six months later you're like this. Bitcoin Bull and and I So I didn't understand that conversion.

Did that conversion coincide with the 15 million that you got from FTX No, it was investing three and a half years earlier than that. I Changed my mind back in early 2018 when I saw the regulators and jurisdictions like Canada Switzerland and Abu Dhabi start to change their minds. but I'll tell you what really got me investing Joe You know I mentioned these guests lecturing things I do They're usually to graduating cohorts of Engineers and so these are classes set a six to nine at night and these are best and brightest at MIT or in business school at Harvard I Started to notice back in 2018 I said okay, where are you guys going Where are you going Because about a third of the class will create entrepreneurial efforts and they'll start businesses. They're all going to the blockchain.

you can't spend that much I I I believed it back then I'm just trying to figure why I Gotta I Gotta stop you I Gotta stop you. Uh, you just said you made this conversion in what year I think it was 2018 I started investing? Yeah, Okay, well. I just just for as a point of fact, for what it's worth, Uh, May 14 2019 you came on television and called Bitcoin garbage but also Kevin So prior to that you hadn't you hadn't looked at it at all. I I wonder about Hunger babies have never looked into actually how it works had you not looked into it yet? They were not okay with that and that was the beginning of realizing.

Wow, maybe I started 2019 but the point is, was long before I became a paid spokesperson years before so it didn't change my mind to be paid or you know, go through that whole process. I'm an advocate of this because I think the problem crypto and particularly Payment Systems looks extraordinary and I understand the accomplice in the banking system is really trying to shut this down. but the fact is, it's a threatening technology and disruptions always abhorred by the existing incumbents. Dude: I'm I'm liking I I ha I wasn't always the biggest fan of Squawk Box but the way that they're trending I am liking it I really am.

Squad is still trash CNBC It's just clicks and viewership. Maybe maybe, but you have to admit what they've been doing recently, it does feel like they're going for truth. I'm not saying their track record is perfect, but I think people, organizations and I'm not saying CNBC is changing. but I'm saying what Squawk Box is putting out recently.

I I Feel like they're on our side and maybe it'll change. Maybe this is one little blip of something that we agree with them, but I hope it continues. What? like I Want more truth in journalism? I don't want to inherently be against him like I maybe I'm being a little naive, but I'm being optimistic here I hope that they continue with this I really really do What's their angle I mean I hope it's truth. Maybe they feel awkward of like them supporting crypto so much recently and supporting FTX and all this and finance and now like they're probably like, well, let's kind of get the truth out there.

like I don't know I I really don't know All I can judge it on is what's going on right now in real time and what's going on right now in real time with Squawk Box I'm a fan of it I hope it continues, it might it might not. I'm not the biggest fan of things that have played out in the past, but if you look at the past two weeks of their work, dude gets me fired up gets me fired up. Uh, what's going on? Someone's just said C-o-s-m is getting uh uh, Cosm? No, it wasn't suspect it was just a training volatility. It'll open up at 10 15.

or wait 10 10. it's yeah. it should be opening up at 10 10. Cosm Osm CSM I Think this is like its third or fourth today.

Um, but it's just a trading Hall It's not like permanently suspended. It might be because Cosm is trash. Um, this. this is trash.

Like it's not going to end well if you're bullish on Cosm. If you're bearish on CSM and you're swinging a short position, you'll probably make a shitload of money I Have no position on it. but uh I think someone was saying it's suspended. It's just a five minute training haul I Think it's one two three fourth training haul of the day.

Doxing technically was allowed. Have you ever heard of the yellow papers? People had access to others address? The problem now is people are sending hate male threats and trying to hurt others. Well so thus the law has changed where you can't do that and which kind of makes sense I mean anything that like is calling for or potentially producing harm for someone else like obviously in a just Society we shouldn't be allowing for that I think that's like a pretty easy call out. like I don't think that's like that.

crazy. Anyway, Uh, coming back to the dude, we are all over the map today. Uh oh yeah, we were looking up Elon sorry that's what we were doing. One of you guys needs to keep me on track.

Clout Gangster 2.0 You screwed me over Matt Hashtag Shame on you Uh, Clout Gangster? uh I I Feel like I'm sorry that you feel screwed over. but can you please explain how I screwed you over? You screwed me over Macros hashtag? Shame on you. Um, once again. Uh, it seems like you're in a tough situation and you feel screwed over.

I'm just curious. Like what you think I personally did that screwed you over Seth is my favorite lib. Wait. clout gangster Cloud I Can't even say that without laughing.

Um, do you feel screwed over? Be because Seth is a liberal dude I Am I need more ChapStick in here. you guys see these crusty ass lips the gangster already leave #shame on Lou calls on chapsticks? Yeah dude. my own spending anyway on ChapStick Wood Oh Matt you missed it. Wait, why am I missing supers I use FDX Japan and cannot withdraw loss funds.

That's because. wait Dave Flowers interviewing Gary Gensler Friday Wait, why are these all old? Hang on? Uh, look who is the Lib now believing the media? I would take that another level and I would just say Do You believe that meat is even a real thing clout gangster cat got your tongue? You screwed me over. Don't kid yourself, who did I screw over? Let me know when you have a legitimate thing to say. Ben Collins is doing a running set of Twitter suspensions like he's working for radio for Europe Reporting on Soviet purges one day of Twitter suspension.

This is not equal death. Millions of podcast minutes will be spent discussing this tomorrow. Twitter's f