A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time.
The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.
I enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over $870k.
@@tatianastarcic interesting! I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up.
@@maiadazz Sure, the investment-advisor that guides me is Laurel Dell Sroufe, she popular and has quite a following, so it shouldn't be a hassle to find her, just search her.
It's a delicate season now, so you can do little or nothing on your own. Hence I will suggest you get yourself a professional that can provide you with entry and exit points on the securities you focus on.
Very true! I've been able to scale from $350K to $650K this red season because my FA figured out Defensive strategies to protect my portfolio and profit from this roller coaster market.
@@tonymcdonald7730 That's heavy! keep it up, I could really use the expertise of these advisrs, my port-folio has been down bad....whose the person guiding you?
@@michealchris2389 Having a coach is key in a volatile mar-ket, My advisor is "WENDY DUNBAR VALERI" You can easily look her up, she has years of financial-market experience.
@@tonymcdonald7730 I just looked up Wendy on the net and scheduled a call with her. From my research, she seems very proficient so I wrote her detailing my Fin-market goals.
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.
The adviser I'm in touch with is 'Eileen Ruth Sparks, he works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me his strategy works hence my result. he provides entry and exit point for the securities I focus on.
Everyone's preaching doom, without any key data-trajectory on how to maneuver, it's obvious stocks are unstable but folks are still pulling off huge 6 figure profits from this same market y'all are warning us about, videos on such strategies to maneuver will really be helpful, thank you.
Investors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor
Couldn’t agree more! I've been in constant touch with a fiinancial-analyst since covid . These days, it's really easy to buy into trending stock's, but the task is determining when to buy or sell. My advisorr decides entry and exit commands on my portfoliio, I've accrued over $550k from an initially stagnant reserve of $150K
@@joesphcu8975 that's impressive! keep it up, I could really use the expertise of these advisrs, my portfolio has been down bad....who's the person guiding you.
A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time.
The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.
I enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over $870k.
@@drew6651 interesting! I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up.
Sure, the investment-advisor that guides me is Jane Irene Sawyer, she popular and has quite a following, so it shouldn't be a hassle to find her, just search her.
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before engaging her services. She seems proficient considering her résumé.
Well to me the greatest lesson of 2022 in the stock market: Nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving
Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
@@diedrichhoofman The one effective technique I'm confident nobody admits to using, is staying in touch with an Investment-Adviser. Based on firsthand encounter, I can say for certain their skillsets are topnotch, I've raised over $700k since 2017. Just bought my 3rd property for rental. Credit to Emily Louisa bahr.. my Investment-Adviser.
@@gloriagreen2260 Emily really seems to know her stuff. I found her online-page, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her.
Best time to invest? thats funny though because in the last four months I have lost more than $47,900 in stock market which is the biggest I have loss since I ventured into stock investment.
you could be right or wrong . i once had similar problem but now its a different ball game for me because I was lucky to have met KATRINA VANRENSUM , a financial manager and stock expert, I have made more than $165,000 in 6 weeks under her supervisions
In parallel with escalation in the recent years, the recession is now the 'most likely output for the economy' and i cannot imagine being a victim of circumstances, my portfolio got a big hit, holding it further wont be any good, ive heard of people acquring hundreds of thousand even on red seasons, how can I certify this?
ïf you do make new buys, know your exit strategy before going in. Consider taking partial profits quickly to lock in some gains. I've been in constant touch with an FA since covid . You know these days it's really easy to buy into trending stock`s, but the task is determining when to buy or sell . My advisorr decides entry and exit commands on my portfoliio, I've accrued over $750 thousand usd in barely a year.
indeed and right now the markts are going berserk right now. this is the best time to watch them, get to know them better, and strike when the opportunity presents itself. i learned that from my mentor, “Christine Blake Mckale” she's seen dozens of markt cycles over the past few decades, and she has a feel for how they move, why they move, and what comes next.
@@bobbygunz9254 mind if i ask you to recommend how to reach this particular FA you using their service? Seems you've figured it all out unlike the rest of us.
@@bobbygunz9254 thank you for this Pointer. It was easy to find her handler Christine Blake Mckale, She seems very proficient and flexible. I booked a call session with her.
Its so refreshing to hear someone on TV just say what they really think instead of twisting themselves into knots trying to not to say the wrong thing.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market
@Roland Ray The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
In a volatile market, having a coach is essential. My advisor is "Sharon Louise Count," who can be easily found online. She has years of financial market experience and a very good SEC report.
This was a great interview and Steve is spot on with the rate hikes next week. If the FED pauses, it means they are panicking. When they are panicking, so should you.
The critical mistake SVB made was not letting their friends know to short the heck out of them before they failed, in-turn they would have been squeezed to the moon like a meme stock and survived.
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
@@glenbert1396 This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name LISA ELLEN SHAW and everything changed. In in the first quarter of this year i made $370k and counting
@@roseroland1998 Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you've figured it all out unlike the rest of us.
@@roseroland1998 This is useful information; I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
Mr Eisman is brilliant as always. Only a few individuals will give you the truth, as it really is and Mr Eisman is one of them. Too bad we don't have more people like him running out Country
I dont know if you would like it. He would try to make us superavit again. And he would say that people need to fend for themselves, so no social security, medicaid and medicare. And slashing spending like crazy. No one would agree with this
@@CrazyHermitVizard not his direct words. Im just assumin this is his mentality from everything i seen from him. Hes a liberal, not left not right. Every person is responsible for itself
@@stevej4629 some serious censorship on comments here as well. Can't even tell what I wrote that was wrong. It was about interest rates and a direct quote. 10:52
@@RightTailAngst he says that in regards to interest rate risk. I don’t think you’re getting the full grasp of how all that he is saying is one cohesive point to the other. He’s right. He’s so right it’s causing people physical pain.
He’s right, this isn’t like 2008 where the big banks are better capitalized, the other side of that “it’s not 2008” is that this time the debt burden that lead to the “everything bubble” is pretty bad. Corporate debt, , govt. debt, consumer debts, - kabooom.
The mark of a master in a field is their ability to explain very complex concepts in a very easy to understand way. Steve Eisman is clearly one of these people.
I dunno. I was a hero in 2008 and in 2020. When I see panic, I buy the stuff they are selling. When people were selling the S&P at 800 (now 3900), I was buying their shares. I think I'm going to be a hero again.
my reasoning is, if people are selling it just because of fear, BUY it. but if the selling has a legitimate reason behind it (for a particular group), then you gotta pass. There are more than enough good stocks to choose from.
Come to think of it, nah who would be crazy enough to give up all their privilage and wealth over a political rivalry? And then I remembered some people from the same party just tried to take over the white house not long ago. Gave me chills
I agree that mismanagement should be held accountable but I am not sure only privileged are saved here. If svb collapsed 100s of companies would have gone bust leaving 1000s of common workers unemployed and kicking off a worse situation
I can identify with what he said at the end. We own real estate and our loans got renewed at the end of the low cycle but when they come due in 2 years, where will rates be at? I can't imagine if I had to redo rates now!
US GDP was not that much of multiple of the US banking sector. He also apparently does not know that the SNB balance sheet is also bigger than Credit Suisse.
I'm really worried about the current bank crisis. If a bank as big as SVB could fail, I fear for a lot more. I know a friend who is running a high-growth startup, and was badly hit by the bank run. I have pulled out more than $340k from my bank. After all, the FDIC covers only up to$250,000, and the implosion could have bad effect. Looking to invest into the stock market now. Does anyone know how I could go about it?
We underestimate the fact that banks are corporate entities also governed by greed. Since 2020, the banks have been over-leveraging their assets, which was one of the reasons for SVB's implosion. I have never been okay with keeping much money in the bank. I simply invest through my financial advisor, collect my profits, which I then spend...
@@marcorocci-ct7kw My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. Haha.
@thelastunicorn1987 - -Believe it or not I’m as new to the market as it gets, all i have to do is to follow the footsteps of my advisor... STACIE KRISTAL WEBER is the coach that guides me, you probably might've come across her before, she's quite known in her field, search her....
This is worse than 2008. Big banks are actually less capitalized relative to the vast amount of new debt issues since 2008. Liquidity is drying up and the banking system is in serious trouble.
@@morg444 Large banks collectively have around $3 trillion in excess reserves and they are parking a large amount of that at the Federal Reserve since they can earn an easy 4% on it instead of taking on extra credit risk to lend them out. Large banks also pay almost nothing to depositors so that 4% is almost pure profit margin.
Smaller banks offer higher depositor rates in order to compete against the big banks, they then have to chase yield because otherwise they would have less margin than the big banks who can park money at the Fed.
If the small banks and regionals get wiped out and everyone banks with the Big 4 (JPM, C, BAC, WFC) they can literally get away with paying nothing to checking accounts forever regardless of how high rates go due to a lack of competition.
If Steve Eisman - Baum doesn’t know if the U.S. is in a recession, then who does? When is someone, other than Peter Schiff going to address the recession topic? Are we in one or not?
Can’t believe he didn’t mention Gold…… we are in the exact same environment as the 1970s (low growth and high inflation ) ….. gold did a 6x during that period …..
Banks being capitalized is irrelevant. You connot risk with bad policy and expect a bailout. It's a bailout if the fed takes over. And taxpayers absorb the cost. If fees go up to pay the cost, taxpayers pay the cost. Bad policy should be allowed to take the bank down that heads that way and let them fail.
It’s definitely risky not to let banks fail, which may be what you are saying. I haven’t liked the reflection of our banking bailouts on the Japanese economy and the zombie businesses all over there.
Maybe the guy knows what he is talking about, but a man this age shouldn’t end every statement like a question, in the style of a seventeen year old girl.
Long story short, part of the issue was the deregulation in 2018. The stress tests would have forced SVB to manage their risk better. Not having them created a moral hazard and the bank took more risks than they should have.
Nah. It’s just going to be a wealth transfer and consolidation to larger capitalized banking institutions. Going to be a fire sale on small regional banks!
@@ApriliaRacer14 that’s for sure, but there is definitely more to the story than banks. The fed has put themselves in a real hard place to fight inflation down. Spoiler alert! The fed loses the inflation fighting match and the “lag” is just another transitory lie.
That hardcore libertarian mentality works out on paper but not in real life. Similar to how communism works out on paper and not in real life, but the other side of the coin
What is the upside for Goldman Sachs to buy SVB's portfolio? It has now been confirmed by SVB that Goldman Sachs was the buyer of the troublesome portfolio. A spokesperson told Reuters the transaction had been carried out “at negotiated prices” and netted SVB $21.45 billion in proceeds.
Interest rate risk certainly has been born by the entire country, all $24 trillion of the US treasury market. The difference is it is too hard to run on JPM and they are too big to fail. So forget about it.
Even if the stress tests didn't catch it, SVB would've been required to issue shares and debt to cover deposits in case of a liquidation--a living will. You're not that smart either.
"you don't know and you don't invest", guess if this is true no one is investing in anything. What we really don't know is where this risk from rising rates will hit "contagion". But I don't think this will result in a banking crisis just because of loss from long duration bonds mark to market. If this is a crisis it must come from housing and real estate. What did not go up a lot would not fall alot as well as the scale as percentage of GDP. Bank sector stocks have not performed well for a long time and banks risk and leverage has been scaled back substantially. Real estate prices have yet to come down as transactions are few the past year. Whether the new silicon valley rich that bought a $5m home and just got laid off will start this house of falling cards. As we all know risk cannot be eliminated it can only be pass on....
Even if the stress tests didn't catch it, SVB would've been required to issue shares and debt to cover deposits in case of a liquidation--a living will. Shame on Mr. Eisman for leaving out the very important point.
@@valetudo1569 Sigh, you don't get it. Systematically important banks are required to sell shares and bonds BEFORE they run into trouble, and these "bail-in" securities have their values cancelled in case of a liquidation. Look at what's happening with Credit Suisse. Their bail-in securities holders will get nothing now.
@@secularapple I'm sayin if you look at the sequence of events - they did decide to sell shares... I think like 2.5 million shares. Thats when word got out about their troubles and the bank run started.
Impressive wisdom spoken here. An excellent interpretation of the current situation post SVB collapse. This paradigm banking shift makes sense. Another round of fire-sales coming unfortunately. If this news is just now made public imagine what they really know is coming down the pipe🔥we still need 50bps increase minimum as well. Something fishy is going on….
I think bank regulation will not make banks less profitable but less risky because the rest is credot and inflation which makes its market smaller and that take the ability of being able to invest without famaging its own markets.
A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time.
The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.
I enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over $870k.
@@tatianastarcic interesting! I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up.
@@maiadazz Sure, the investment-advisor that guides me is Laurel Dell Sroufe, she popular and has quite a following, so it shouldn't be a hassle to find her, just search her.
It's a delicate season now, so you can do little or nothing on your own. Hence I will suggest you get yourself a professional that can provide you with entry and exit points on the securities you focus on.
Very true! I've been able to scale from $350K to $650K this red season because my FA figured out Defensive strategies to protect my portfolio and profit from this roller coaster market.
@@tonymcdonald7730 That's heavy! keep it up, I could really use the expertise of these advisrs, my port-folio has been down bad....whose the person guiding you?
@@michealchris2389 Having a coach is key in a volatile mar-ket, My advisor is "WENDY DUNBAR VALERI" You can easily look her up, she has years of financial-market experience.
@@tonymcdonald7730 I just looked up Wendy on the net and scheduled a call with her. From my research, she seems very proficient so I wrote her detailing my Fin-market goals.
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $200k portfolio is down by approximately 20 %, any recommendations to scale up my returns on investment
Nobody knows anything You need to create your own process, manage risk and stick to the plan, through thick or thin While also continuously learning from mistakes and improving.
Exactly why i enjoy market decisions being guided by a pro , seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience , been using a portfolio-coach for over 2years+ and I've netted over $3million in that time frame.
Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my stock portfolio and plan my retirement
The adviser I'm in touch with is 'Eileen Ruth Sparks, he works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me his strategy works hence my result. he provides entry and exit point for the securities I focus on.
Everyone's preaching doom, without any key data-trajectory on how to maneuver, it's obvious stocks are unstable but folks are still pulling off huge 6 figure profits from this same market y'all are warning us about, videos on such strategies to maneuver will really be helpful, thank you.
Investors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor
Couldn’t agree more! I've been in constant touch with a fiinancial-analyst since covid . These days, it's really easy to buy into trending stock's, but the task is determining when to buy or sell. My advisorr decides entry and exit commands on my portfoliio, I've accrued over $550k from an initially stagnant reserve of $150K
@@joesphcu8975 that's impressive! keep it up, I could really use the expertise of these advisrs, my portfolio has been down bad....who's the person guiding you.
Helene Claire Johnson is widely known. You can verify her and use her services if you want.
Thanks for the info , found her website and its really impressive
A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time.
The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.
I enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over $870k.
@@drew6651 interesting! I’m new to all this, heard it's a good time to buy and basically I've just got cash sitting duck in the bank and I’d really love to put it to good use seeing how inflation is at an all time-high, who is this coach that guides you, mind I look them up.
Sure, the investment-advisor that guides me is Jane Irene Sawyer, she popular and has quite a following, so it shouldn't be a hassle to find her, just search her.
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before engaging her services. She seems proficient considering her résumé.
Well to me the greatest lesson of 2022 in the stock market: Nobody knows what is going to happen next, so practice some humility and follow a strategy with a long term edge.
Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving
Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
@@diedrichhoofman The one effective technique I'm confident nobody admits to using, is staying in touch with an Investment-Adviser. Based on firsthand encounter, I can say for certain their skillsets are topnotch, I've raised over $700k since 2017. Just bought my 3rd property for rental. Credit to Emily Louisa bahr.. my Investment-Adviser.
@@gloriagreen2260 Emily really seems to know her stuff. I found her online-page, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her.
exactly. 100% agree with you, practice patience in these turbulent times.
There might be an economical turmoil but there is no doubt that this is still the best time to invest.
Best time to invest? thats funny though because in the last four months I have lost more than $47,900 in stock market which is the biggest I have loss since I ventured into stock investment.
you could be right or wrong . i once had similar problem but now its a different ball game for me because I was lucky to have met KATRINA VANRENSUM , a financial manager and stock expert, I have made more than $165,000 in 6 weeks under her supervisions
Search her name on the web you will see all you need to know about her.
Thanks for the info . Found her website and it really impressive
The best time to invest is in six to twelve months
In parallel with escalation in the recent years, the recession is now the 'most likely output for the economy' and i cannot imagine being a victim of circumstances, my portfolio got a big hit, holding it further wont be any good, ive heard of people acquring hundreds of thousand even on red seasons, how can I certify this?
ïf you do make new buys, know your exit strategy before going in. Consider taking partial profits quickly to lock in some gains. I've been in constant touch with an FA since covid . You know these days it's really easy to buy into trending stock`s, but the task is determining when to buy or sell . My advisorr decides entry and exit commands on my portfoliio, I've accrued over $750 thousand usd in barely a year.
indeed and right now the markts are going berserk right now. this is the best time to watch them, get to know them better, and strike when the opportunity presents itself. i learned that from my mentor, “Christine Blake Mckale” she's seen dozens of markt cycles over the past few decades, and she has a feel for how they move, why they move, and what comes next.
@@bobbygunz9254 mind if i ask you to recommend how to reach this particular FA you using their service? Seems you've figured it all out unlike the rest of us.
@@claradidi7573 primarily you can find her basic information online, you are welcome to do further study.
@@bobbygunz9254 thank you for this Pointer. It was easy to find her handler Christine Blake Mckale, She seems very proficient and flexible. I booked a call session with her.
Its so refreshing to hear someone on TV just say what they really think instead of twisting themselves into knots trying to not to say the wrong thing.
yeah that was good interview. he didnt push his book like dan niles, and that was super refreshing.
100% agree. Eisman is so mater-of-fact. He believes what he is saying, regardless of what others say. This is what confidence looks like.
steve carell nailed this guy’s speech and mannerisms lmao
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market
@Roland Ray The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.
In a volatile market, having a coach is essential. My advisor is "Sharon Louise Count," who can be easily found online. She has years of financial market experience and a very good SEC report.
Sounds like an ad
Great interview. This guy knows what he is talking about.
He doesn't. He just said UBS doesn't want to take over and it's a Swiss problem. It was basically a bailout of French and German banks.
This was a great interview and Steve is spot on with the rate hikes next week. If the FED pauses, it means they are panicking. When they are panicking, so should you.
The critical mistake SVB made was not letting their friends know to short the heck out of them before they failed, in-turn they would have been squeezed to the moon like a meme stock and survived.
It doesn't mean they are panicking, it means they are being flexible and doing what needs to be done to calm the markets.
@Knots Capital Its not about preventing the carnage, its preventing it from happening before the election
@clot shots doesnt that mean banks should do well with those higher interest rates expenses, that is if the companies can actually afford to pay them
@clot shots Yet we're seeing upwards of 200 Trillion in stock buybacks so...
When Eisman talks everyone shuts up because hes got a book and film about how right he is.
He is a devil and no one should trust him in the slightest
Hahaha, cool one!
100% agree
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
@@glenbert1396 This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name LISA ELLEN SHAW and everything changed. In in the first quarter of this year i made $370k and counting
@@roseroland1998 Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you've figured it all out unlike the rest of us.
@@lisaollie4594 Most likely, you can find her basic information online; you are welcome to do further study
@@roseroland1998 This is useful information; I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
Great guest. Steve Carrell nailed the part!
Steve Carrell is a good actor, in the movie he was a great actor.
Steve Carrel played Mark Baum
@@kempos81 Mark Baum is based on a real person who asked his name to be changed for the film, Steve Eisman
@@paullemiremusic3101 Steve Carrel, Mark Baum is a fictional character based on Steve Eisman
@@fridrik6211 learn something new everyday, thanks 😊
Mr Eisman is brilliant as always. Only a few individuals will give you the truth, as it really is and Mr Eisman is one of them. Too bad we don't have more people like him running out Country
I dont know if you would like it. He would try to make us superavit again. And he would say that people need to fend for themselves, so no social security, medicaid and medicare. And slashing spending like crazy. No one would agree with this
@@brunomanco7529 is that his opinion or do you just assume.
@@CrazyHermitVizard not his direct words. Im just assumin this is his mentality from everything i seen from him. Hes a liberal, not left not right. Every person is responsible for itself
@@brunomanco7529 I would highly doubt that he would cut social spending given what I saw of him
Everything he said here was absolutely accurate. Everything.
Except he started off trying to downplay the situation...
@@stevej4629 some serious censorship on comments here as well. Can't even tell what I wrote that was wrong. It was about interest rates and a direct quote. 10:52
Haha except how rates obviously go up
Now they are sensoring messages they are hiding the truth
@@RightTailAngst he says that in regards to interest rate risk. I don’t think you’re getting the full grasp of how all that he is saying is one cohesive point to the other. He’s right. He’s so right it’s causing people physical pain.
Now is the time to be a buyer. This is a once in a lifetime buying opportunity
He’s right, this isn’t like 2008 where the big banks are better capitalized, the other side of that “it’s not 2008” is that this time the debt burden that lead to the “everything bubble” is pretty bad. Corporate debt, , govt. debt, consumer debts, - kabooom.
The mark of a master in a field is their ability to explain very complex concepts in a very easy to understand way. Steve Eisman is clearly one of these people.
Now kids, this is the guy you should listen
I will not be a hero im tired of getting beat down for it
Thank you: no regulation would have prevented SVB from 1) investing in long term bonds and 2) FED raising interest rates so quickly
Hey Steve Grasso! Now you can agree with Elizabeth Warren on two things, they never should have raised the threshold from 50 billion to 250 billion.
We wouldn't be in this situation if the party that Elizabeth Warren is in didn't spend an excess 6-7 trillion dollars over the last 3 years.
I dunno. I was a hero in 2008 and in 2020. When I see panic, I buy the stuff they are selling. When people were selling the S&P at 800 (now 3900), I was buying their shares. I think I'm going to be a hero again.
my reasoning is, if people are selling it just because of fear, BUY it. but if the selling has a legitimate reason behind it (for a particular group), then you gotta pass. There are more than enough good stocks to choose from.
Do you Need Accounts Dervices, Payment handle all over world, Transactiim handle and Receiver
how come the experts of Wall St, including Fink missed the problems brewing at regional banks with the mismatch between liabilities and assets?
Why would they tell you? they are there to make money not to teach somebody.
They manage way more money. The most in the world. They are almost “forced” to invest their capital. Eisman is not.
Finally a conversation that makes a lot sense to me keep bringing this guy on
He said it best - we've never had this confluence before, which favors the side of being less risky.
You don’t know what you don’t know. That’s where we are. That’s where we always are after a crazy bull market of years.
A few takeaways for me - If you are not sure, u should not be playing. If Fed is scared, you should be scared too.
I don't live paycheck to paycheck. I'm not scared
"It wont bring down the system."
How about Congress failing to raise the debt ceiling and defaulting?
If sparking a revolution is what they want that'd be their next move
Lol that will never happen.
Congress always raises the debt limit.
The question is. How long will the world continue to buy US debt.
That's NOT going to happen. You have to think like a Reelection Political Consultant to find out what Congress will or will not do.
@@spaceballs72 We've been asking that exact question for the last 30 years and things remain the same.
Come to think of it, nah who would be crazy enough to give up all their privilage and wealth over a political rivalry? And then I remembered some people from the same party just tried to take over the white house not long ago. Gave me chills
I think it’s going to be snowballed eventually so keep some cash 💰
Steve is smart…..he was a client when I was with Ladenburg Thalmann…. his commentary nailed the points
You should have people like Eisman on instead of the nutcase Jim Cramer. Excellent analysis!
"UBS does not want to take over Credit Suisse, that's for sure!" 2:50
That didn't age well.
Very good interview. He's sharp and truth seeking and not just talking his book like most of the clowns who come on cnbc
I agree that mismanagement should be held accountable but I am not sure only privileged are saved here. If svb collapsed 100s of companies would have gone bust leaving 1000s of common workers unemployed and kicking off a worse situation
Corporate Debt is the biggest issue in the entire market. Interest rates going up is very bad for that. Everything going on is related to that.
This hasn’t aged well…however Steve is the only person I’d listen to on here and pls have him more often
"UBS will never buy Credit Suisse". They just bought it.
A prophet.
"Powell will never increase 0,50%"... Will see..
He clearly bought the dip in banks
No, he bought credit default swaps.
@@Raison_d-etre ticker symbol?
I can identify with what he said at the end. We own real estate and our loans got renewed at the end of the low cycle but when they come due in 2 years, where will rates be at? I can't imagine if I had to redo rates now!
US GDP was not that much of multiple of the US banking sector. He also apparently does not know that the SNB balance sheet is also bigger than Credit Suisse.
Peter Schiff laughing in Dorado PR
I don’t know why people mention 2008, this is bank runs 2008 wasnt
Think he was referring to ripples throughout the markets. Where in 2008 risky mortgages went nuclear causing global stressors.
What does that mean when he he says “credit default swaps blew out to 800 bps and you couldn’t fund yourself”…. What does he mean?
I'm really worried about the current bank crisis. If a bank as big as SVB could fail, I fear for a lot more. I know a friend who is running a high-growth startup, and was badly hit by the bank run. I have pulled out more than $340k from my bank. After all, the FDIC covers only up to$250,000, and the implosion could have bad effect. Looking to invest into the stock market now. Does anyone know how I could go about it?
We underestimate the fact that banks are corporate entities also governed by greed. Since 2020, the banks have been over-leveraging their assets, which was one of the reasons for SVB's implosion. I have never been okay with keeping much money in the bank. I simply invest through my financial advisor, collect my profits, which I then spend...
@@marcorocci-ct7kw My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. Haha.
@thelastunicorn1987 -
-Believe it or not I’m as new to the market as it gets, all i have to do is to follow the footsteps of my advisor... STACIE KRISTAL WEBER is the coach that guides me, you probably might've come across her before, she's quite known in her field, search her....
be afraid, be very afraid... muhahahaha
Well, considering what the video said, medium term regular government bonds. Earn your interest and that's it, no problem choosing the wrong stock.
Steve Carell makes some good points.
03:09 - "Believe me, UBS does not want to take it over, that's for sure."
48 hours later - UBS offers to buy Credit Suisse.
Nice job, Steve.
Lol great catch.
They bought it for 20% the value. They just got it because it was absurdly cheap otherwise it would not have gone through
And the Swiss regulators pretty much forced ubs into buying it
Lol you think that’s a “gotcha” moment? The Swiss national bank forced that merger, UBS would have much rather stayed away but had no choice
This is worse than 2008. Big banks are actually less capitalized relative to the vast amount of new debt issues since 2008. Liquidity is drying up and the banking system is in serious trouble.
You’re completely wrong there.
@@wenerjy Why? They took 0% gov loans and put them into money losing bonds... how many billions lost does it take to bankrupt a bank?
@@morg444 Large banks collectively have around $3 trillion in excess reserves and they are parking a large amount of that at the Federal Reserve since they can earn an easy 4% on it instead of taking on extra credit risk to lend them out. Large banks also pay almost nothing to depositors so that 4% is almost pure profit margin.
Smaller banks offer higher depositor rates in order to compete against the big banks, they then have to chase yield because otherwise they would have less margin than the big banks who can park money at the Fed.
If the small banks and regionals get wiped out and everyone banks with the Big 4 (JPM, C, BAC, WFC) they can literally get away with paying nothing to checking accounts forever regardless of how high rates go due to a lack of competition.
If Steve Eisman - Baum doesn’t know if the U.S. is in a recession, then who does? When is someone, other than Peter Schiff going to address the recession topic? Are we in one or not?
The banks failed due to rising interest rates...its that simple.
Can’t believe he didn’t mention Gold…… we are in the exact same environment as the 1970s (low growth and high inflation ) ….. gold did a 6x during that period …..
Great charts on gold.. Go for it
@@sourabhkarkala343 been buying for over 1 yr
Banks being capitalized is irrelevant. You connot risk with bad policy and expect a bailout. It's a bailout if the fed takes over. And taxpayers absorb the cost. If fees go up to pay the cost, taxpayers pay the cost. Bad policy should be allowed to take the bank down that heads that way and let them fail.
It’s definitely risky not to let banks fail, which may be what you are saying. I haven’t liked the reflection of our banking bailouts on the Japanese economy and the zombie businesses all over there.
Now kids, when this guys speaks, you shut the heck up
Fed needs to blow the bubble bigger.
We want to give Big Bang a run for the money.
This guy is brilliant
What potential timeline could you guesstimate for that move to $18,600? End of month?
The problem is perception. If you think your institution can't protect your bank deposits over 250k your going to go somewhere else
Cash is also an investment pool.
Maybe the guy knows what he is talking about, but a man this age shouldn’t end every statement like a question, in the style of a seventeen year old girl.
I respect this guy bu t how does he know it's not like 08?
Because banks were levered up 35 to 1 ... with poor credit decisions ...it was unsustainable.
@@jrizzo3579 yet in 2023 million dollar houses and only 100k average income is sustainable.
@@chrischoir3594 I never said it was
Love this guy, he says it how it is! No BS
No more James Bond Casino ROYALE PROPAGANDA. Theres no more saving from blaming hedgers to 2008.
Long story short, part of the issue was the deregulation in 2018. The stress tests would have forced SVB to manage their risk better. Not having them created a moral hazard and the bank took more risks than they should have.
You are right, it’s not 2008, it’s much much worse.
Nah. It’s just going to be a wealth transfer and consolidation to larger capitalized banking institutions. Going to be a fire sale on small regional banks!
@@ApriliaRacer14 that’s for sure, but there is definitely more to the story than banks. The fed has put themselves in a real hard place to fight inflation down. Spoiler alert! The fed loses the inflation fighting match and the “lag” is just another transitory lie.
Mellisa could have been a stunt double for Mantis in the ‘Guardians of the Galaxy’!
Steve,stay healthy
It’s actually the wealthy foreign investors pulling , Chinese from ours and saudis from suisse . Smart , and they won’t be holding the bag.
The market regulates itself. The hurt needs to happen so people learn and take different decisions.
That hardcore libertarian mentality works out on paper but not in real life. Similar to how communism works out on paper and not in real life, but the other side of the coin
If there's no Icing left on the Cake, it's a pretty Bland Cake,
But the Cake is still there!
Damn Steve is starting to look much older.
The cigars taking their toll
yes shocking ....everyone should never get old Damn time Damn it to hell !!!!!!
Yeah, being around for 60 years will do that to you.
Look in your mirror, we all get older everyday.
What is the upside for Goldman Sachs to buy SVB's portfolio?
It has now been confirmed by SVB that Goldman Sachs was the buyer of the troublesome portfolio. A spokesperson told Reuters the transaction had been carried out “at negotiated prices” and netted SVB $21.45 billion in proceeds.
Michelle,stay healthy
Steve Carrell looks different now.
He doesn’t look anything like him dude
Lawrence Summers maybe
Really good info, thank you
we need a Steve Carell, Christian Bale, Jeremy Irons, Kevin Spacey & Paul Bettany reunion movie
The legend
When interest rates start to go down Banks will sky rocket. Also since many are shorting banks a short squeeze will drive up bank stock prices
💥💥UBS has taken over CSuisse💥💥
Thats the problem what system? It will be worse than 2008...larger population less stable jobs...
Interesting. I didn't know Mike Rapaport was in the banking business
“UBS does not want to take it over, that’s for sure”
UBS: Funny tho
Interest rate risk certainly has been born by the entire country, all $24 trillion of the US treasury market. The difference is it is too hard to run on JPM and they are too big to fail. So forget about it.
Four days later I can assure you nailed again.
CNBC- Completely Nationalized Banking Channel.
Lol one line about interest rate risk.. shows you how incompetent the government “regulation” is
Even if the stress tests didn't catch it, SVB would've been required to issue shares and debt to cover deposits in case of a liquidation--a living will. You're not that smart either.
"you don't know and you don't invest", guess if this is true no one is investing in anything. What we really don't know is where this risk from rising rates will hit "contagion". But I don't think this will result in a banking crisis just because of loss from long duration bonds mark to market. If this is a crisis it must come from housing and real estate. What did not go up a lot would not fall alot as well as the scale as percentage of GDP. Bank sector stocks have not performed well for a long time and banks risk and leverage has been scaled back substantially. Real estate prices have yet to come down as transactions are few the past year. Whether the new silicon valley rich that bought a $5m home and just got laid off will start this house of falling cards. As we all know risk cannot be eliminated it can only be pass on....
2:40 keep in mind Credit Suisse is at $0.86 now >.
Wrong ! UBS TOOK IT OVER!
Swiss doesn't need that much regulators, we work different than other countries.
Even if the stress tests didn't catch it, SVB would've been required to issue shares and debt to cover deposits in case of a liquidation--a living will. Shame on Mr. Eisman for leaving out the very important point.
I’m not being glib when I ask this:
Aren’t new shares and debt of a failing bank worth exactly zero on the open market? How would that help them?
@@RRRRobbbb Yes, they would be worth zero, but not when the bank issued it and added the cash cushion to its capital.
@@secularapple They did try to issue new shares and it set the whole thing off
@@valetudo1569 Sigh, you don't get it. Systematically important banks are required to sell shares and bonds BEFORE they run into trouble, and these "bail-in" securities have their values cancelled in case of a liquidation. Look at what's happening with Credit Suisse. Their bail-in securities holders will get nothing now.
@@secularapple I'm sayin if you look at the sequence of events - they did decide to sell shares... I think like 2.5 million shares. Thats when word got out about their troubles and the bank run started.
When Steve speaks, you listen.
Impressive wisdom spoken here. An excellent interpretation of the current situation post SVB collapse. This paradigm banking shift makes sense. Another round of fire-sales coming unfortunately. If this news is just now made public imagine what they really know is coming down the pipe🔥we still need 50bps increase minimum as well. Something fishy is going on….
I think bank regulation will not make banks less profitable but less risky because the rest is credot and inflation which makes its market smaller and that take the ability of being able to invest without famaging its own markets.
People in the comments here are saying 'it's worse than 2008' which means this is exactly the right time to start averaging into stocks 🤣
Basically Superman
Having more IOUs, than the actual total amount, is debt/inflation.
It’s official: UBS has bought Credit Suisse. 👀