How Redditors Exposed The Stock Market | The Problem With Jon Stewart | Apple TV+
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- Опубликовано: 3 мар 2022
- Watch now on Apple TV+:
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When a bunch of Redditors combined forces to drive up the price of GameStop stock, it exposed a fundamental problem with the stock market. The Problem With The Stock Market, now streaming on Apple TV+, delves into what really happens when you buy a stock, how giant corporations skim money off of your investments, and how Redditors used Gamestop stock to expose the system.
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It was brilliant, what the Redditors did. And there's never been a more blatant illustration of, "oh noes. The poors figured out how we cheat the system quick shut it off."
@@stschannelt1476 I agree, he's the OG player in all of this and to top it off, he's so very watchable and likable!
How did these guys come up with enough capital to buy enough stock to hurt the hedge funds, can someone please explain?
@@eliakimbenishchayil There's tens or maybe hundreds of thousands of people buying the stock and the price was being pushed artificially low by the hedge funds shorting it. Regular investors bought stocks for a few dollars and by the time they were done they had purchased so much that it drove the stock price up.
The most interestin thing is that there is in fact a way to "shut it off". Pretty incredible the sys has a means for those in pwr to literally just turn it all off so they can control their risks and would-be financial hits.
I doubt there's anyone running the world that would say "oh noes". Just sayin.
The point Jon made about us “not supposed to understand it” is so true. That’s how cons work: they come up with something so intricate it takes too much time and skill to unwrap it. Mad props to the redditors.
YES!
Then maybe he can explain how Democrats have let in 10's of millions of illegals over the past 35 yeara while always saying...'"we need imigration reform" instead of simply enforcing standing immigration laws.
And at the same time ask Democrats why they did not spend the $$$ billions used on illegals to instead help black Americans.
@@carlfrye1566
Maga hat on too tight? Or you one of those Qanon idiots?
@Carl Frye work on your spelling and grammar.
@@rudysal1429 Hmm. I'd say it's not all he should work on
Always remember: if someone is offering you a way to make money, it's because they probably stand to make more off you than you're making yourself
In a gold rush, the guy who makes it big isn't the one who mines the most gold. It's the guy who stood outside selling picks.
Gold rush, or How to sell all your useless land.
"btw in the 90's they referred to as just friends" is such a good joke. it's criminal nobody made a sound
I was laughing so much I forgot the topic of the video
The audience was asleep this whole segment
IKR, I was laughing for like a solid minute before I realised I lost track of the plot and had to rewind
I don't think the crowd for this show was very big. Jon's back to getting massive laughs on The Daily Show now!
@@McShag420 Supposedly, he backed out because Apple wasn't gonna let him rip into China, or AI. This is why he mentioned both of those like first thing on the first episode he hosted when he came back to the Daily Show.
Jon's been spitting fire for decades and he's still right on point. Having Jon Stewart on your side is so comforting, he's the adult in any given room.
JON STEWART FOR POTUS.
I don't care. He's much more honest and charismatic.
He'd fuck Trump right up the ass in an election too. He should pull a Trump with the DNC primary.
He’s achieved nothing. I love Jon and I love what he does but it’s not that comforting because it doesn’t change anything. Everyone in America knows they’re being screwed but it keeps happening brazenly because those in power all know they’ll continue to get away with it.
@@kiriakoz I can't say he has achieved nothing. He championed the 9/11 responders bill and shamed Congress into doing the right thing, I will give him that. He has joked at least one generation into being one of the most informed ever, even if they haven't used that information at all.
But despite his relentless, righteous pillorying of populism and the most batshit crazy elements in both parties he wasn't even a speedbump for the Tea Party or Trump. His most noteworthy moment was calling out Tucker Carlson...and that moronic shit-golum is still on the air with an audience that is bigger than ever. Net loss, sadly.
Tis facts!
Jon Stewart may be the biggest thing to happen to this situation yet!
The problem is that this isn't over yet. Institutional investors are still doing whatever they want, the SEC is in bed with them and won't move even on outlawed practice, and retail investors lack access and power to break into this game and clean it up.
and, yet, it's part of the government, which is SUPPOSED to be working for the people.
Newsflash: It's not, and has not been for a LONG, LONG, LONG, LONG, time
Not only is it not over but the shorts for gme still didn't cover or at least there is a ton of evidence that points to them still short gme. That's part of the problem btw because hedge funds aren't required to disclose their short positions. Ain't that a mother fucker?!
The FED...
DRS
The SEC and the FDA seem to have a ton of stuff in common
Jon is so good at pointing out outrageous things, giving them the outrage they deserve in a deliberate, restrained fashion, and finding the humor in all of it. Man delivers outrageousness so well without being obnoxious and embodies it in some ways.
I remember something I read once from a random person on the internet that more or less said "When the economy is doing well we're told how awesome it is but don't see any of the benefits; when it does bad we're the ones who are told we have to make sacrifices and tighten our belts."
For the younger audience. When he said "someone should question him publicly"....he refers to the time...when he did exactly that
Jim Cramer was so fucking apologetic in that interview. Crocodile tears.
wish jon would quit being a fkn child and question biden publicly.
@@charlespancamo9771 You were born yesterday, I'm assuming.
It's the only (comparatively) logical conclusion I can draw from your inane statement.
@@BornFlunky No I was born in 1982 so I got to see Jon hold everyone on both sides of the aisle feet to the fire. For anyone completely removed from both parties (like myself) that clearly ended before he even left the daily show. Back to right now - He's not doing his job by playing softball with Bidens and democrats. He's not being the authentic Jon we all grew to love at one time.
@@charlespancamo9771 If you actually saw all those things, you would have also seen the times he has -- in fact -- criticized not only Democrats, but Biden directly.
He has done both things in The Problem, even.
But you haven't. You've seen RUclips clips -- maybe -- and not the whole wealth of his work. And are thusly making a hilariously uninformed judgement.
But more concerningly, you've been caught in the trap of "both sides," apparently more interested in being biased towards "fairness," than actually taking the scale of the problems within each party, comparing them, and correctly concluding that one party has vastly more issues to correct than the other, and ones with more immediate ramifications.
And if you don't currently know what fairness bias is -- which is actually fair, many don't -- then you don't understand a core part of the nature of Jon's work, and I would recommend learning about it.
Good to know Jon hasn’t lost his edge after all these years. Dude just picked right where he left off like it was nothing. This man is a national treasure
Who makes me deeply depressed as he drops truth bombs. Unless things improve in the last minute - I’m 15 mts in and shaking my head and how fucked up all this is.
“Someone should question him publicly” - dude looks so defeated as he says that. Fuck Jim Cramer and his theatrics from when Jon last spoke to him.
Just wait until he starts talking about race. He gets real post modern and Marxist quickly
@@thoughtinvestigation4263 What does that even mean? Like, give me actual examples and not Jordan Peterson word salad.
Yeah, such an edge that literally parrots every everyone else on the left
I remember watching Jon destroy Jim Kramer over the course of 20+minutes and it was amazing. Jim was so drawn in on himself like a child being berated by a parent who isn't "mad", they're just "disappointed". The fact that he kept his job and "credibility" after that is just indicative of how broken our system is
He didn't spit fire on The Daily Show about his brother Larry who was COO of the NYSE during the 2008 Meltdown. Larry toasted Occupy Wall Street from on high while laughing at your pain. Jon is gaslighting his audience.
@@TheKitchenerLeslie Translation: "CHANGE THE SUBJECT! CHANGE THE SUBJECT!"
@@elbruces From lies to facts. Can't deal with it? He's not a good guy.
@@TheKitchenerLeslie
So you ever see that video where Jon Stewart utterly destroyed Jim Kramer, to the point where even if you didn't like Jim Kramer it started getting uncomfortable AF?
Let's hear what you have to say about that. Because that is the topic of this thread. Not whatever else you wanted us to talk about instead.
@@elbruces Jim Cramer is Andre the Giant, Jon Stuart Leibowitz is Hulk Hogan. See how it works?
After experimenting with stocks since late 2021, I've shifted to 100% S&P 500. Still regretting not doing so from the start. Now i am Considering a return to individual stocks in 2024, but uncertain about safely investing close to 300k in the market.
Everyone needs a Margin of Safety in their portfolios and just remember, It's time in the market versus timing the market.
De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I’d also suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I. We've made over 80% capital growth minus dividends.
this is all new to me, where do I find a fiduciary, can you recommend any?
"Heather Ann Christensen" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment
Thank you for sharing, I must say, Heather appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call
His comment at the end..."someone should question him publicly, because I'm sure that would have tremendous ramifications." That was actually depressing. We've been here before, exposed all this and its just happening again and no one cares..
I'd say that it's less that people don't care and more that people are too physically ill to do anything. Those who are healthy enough are able to muster the energy to do something. The rest have fallen so chronically ill that they're mentally incapable of much more than perpetual pain management.
allot of people do care but just not the ones that can actually make a difference because they are already rich as fuck!
Yea, he dragged Cramer over the coals years ago. I was a little shocked he agreed to be on the show. Cramer actually did disappear for a brief period of time, but I guess he's back at the buffoonery again.
@@youtubesucksforforcingthis He can't live without it
@@youtubesucksforforcingthis he probably needs the money.
Oh hey, just as a reminder, this isn't over yet. Hedge funds haven't closed their positions and retail pretty much owns the GME float. There's literally no way for them to close out of their positions without driving the price to whatever number retail wants. It's only a matter of time, babyy.
Yes if the general public or people actually get this concept they would be buying gme in droves. It's really a hidden gem in plain sight. Once in a lifetime opportunity and last January was only a glimpse of it.
DRS 💜
So this means it‘s a good idea to buy a few gamestop shares?
@@alexanderlang7691 I've always tried to buy a few shares when I can and then DRS them as soon as possible. That's something I do for myself; feel free to do what you want.
But IMO, the price action of GME is completely separated from the fundamentals of stock trading. Its movement is ridiculous and has been for a year now. We see occasional run-ups and then dips back down to below $100 with low volume on the day, which makes no sense if you subscribe to how the stock market is traditionally discussed (high volume of buys/sells = price swings, but isn't true in GME's case, because we see large swings with very little movement; this, to me, strengthens the argument that there's some weird shit going down).
I have a few shares here and there just for security purposes. I made some money on the first run-up back in Jan '21 and then bough the dips a few times since then to hold. When this thing blows, $100/share will be a bargain. As always, only spend what you can afford to lose.
@@alexanderlang7691 no it really isn't unless you are ok with not seeing roi, because gme is a hold only stock there is no underlying value much like bitcoin and all blockchain services. investing in a speculitive market is as bad as what these people do on a day to day basis.
@5.24 "in the nineties they were referred to as just friends" DYING 😅
I was watching all of this from the sidelines in real time. I'm glad Jon Stewart is shining a light on the whole thing. The story isn't over though and is still ongoing.
I lost it at "Someone should question him publicly." That was one of the best Daily Show episodes and I hope he never recovers from all those burns.
Unfortunately he still has a job being a cocaine fueled clown on the air. Till MOASS and all their lies are forever exposed
He's still got a job on TV so I'd say it probably didn't have a huge impact unfortunately
holy shit you made it all the way to the end without losing it?
Glad to see a journalist with integrity actual dig into this issue and shed serious light on just how messed up our financial institutions are. If hedge funds can sell you securities they don't own, and bypass settlement functions with measly fines, how is it fair?
Love this man.
It’s not fair. Not even close. It was designed for these institutions, not for retail. Needs major major reform
Journalist my ass fool!
He’s not a journalist. He’s just a pissed off honest comedian.
at least theres John
Following the money always leads to the darkest parts of the American Dream. Thanks Jon
In 1993 my husband and I came into some money from our business, and thought we should do something responsible with it like put it into the stock market. We scheduled an appointment with a broker in the city, sat down, told him how much we had and he proceeded to treat us like we were in over our heads and should be embarrassed to waste his time. It really embarrassed us. I’ve often wondered where we’d be financially if the guy had worked with us, or at the very least sent us to someone who would have worked with us.
That's insane, I don't mean to be rash, but we should eat the rich.
Nowadays a financial planner at the bank will talk you into investing in one of their actively managed trust funds, where they can charge you for high commission while consistently underperform the market. If you want exposure to the stock market, just buy index funds.
@@gingerbread_GB Yes, we’ve just learned exactly this…25 years later
Jon your a friggin saint. What you did for the NYFD after all there health problems was solid thing that will never be forgotten.
agreed.
Repent to Jesus Christ
“Devote yourselves to prayer, being watchful and thankful.”
Colossians 4:2 NIV
h
@@stillpaints The chocolate cake packing person is referring to the New York Fire Department and the veterans from the 9/11 attacks. There was a law in Congress to give them compensation and at one point the law was not gonna pass - that's when Jon Stewart invited some of those veterans who have lost limbs and health helping people during the attacks to be on his old Comedy Central show - and the law was approved.
Now, about inequality (in relation to stock ownership) has increased because of the asymmetric information distribution. The Stock Exchange does not create wealth - it just transfers from one investor to another and the investor with more information will win more often (I'm talking legal information and not insider trading). Stocks are a way for people who want to create companies that create wealth to get the money they need. Once the stock exchange became a game it stopped fulfilling it's purpose and became a important cause of the deindustrialization process in several western developed countries. If I'm not buying a stock because I want the dividends that regularly I earn from it but because I want to sell when their price is high, then I'm ok with things that will kill the company that issues the stock as long as I can sell when it's high.
There's a country in the middle of Europe where less than 50% of it's industry is open capital (traded in the stock exchanged): Germany. Some German companies, like Carl Zeiss, have stocks but they are all in the hands of the Carl Zeiss Foundation and are not traded. Stock prices drive CEOs to see into the future as far as groundhogs see in front of their noses.
Anyway, NYFD is New York Fire Dept.
Not a saint. = A Paid Propagandist.
@@KevinP32270 ruclips.net/video/OSHpcv7XnAQ/видео.html
"Someone should question him publicly" - yeah we know you did it Jon and brilliantly about 12 years ago. No ramifications.
To whoever reading this, never stop chasing your dreams you can do it. Keep pressing and thriving you will make it! Consistency is the key to achieve your goals.
Bitcoin trading is just like any other business but in this case more sophisticated and advanced.
A career in Bitcoin offers you the opportunity to earn a lot of money if you have the patience to learn the process and strategies involved or better still get yourself a professional broker.
Investing in Bitcoin may seem scary but know that it takes time and effort today understand how bitcoin works. If you understand the potential impact of bitcoin it won't be hard to understand why investing in Bitcoin may be a good idea
Earning 500k per year on salary job is just $50 per day trading Bitcoin.
Bitcoin is a global safe heaven for investors.
I once worked for a company that developed software for the financial industry. Specifically derivatives. I never fully understood it but I assumed then (90s) the stock market was a huge ponzi/gambling/dark money scheme when we came up with the monte carlo calculation where no one could definitively calculate the results. For added humor, they gave it a dice icon. That is exactly how it felt, someone said "show me the money" and click the icon (throw the dice) and it gave you some BS number.
Thank you Jon for helping expose the corruption retail investors face.
It truly is financial treason what these guys are guilty of
Thank you Jon for using your platform to talk about a ridiculous problem with our financial systems
I didn’t realize how much I missed Jon till now. So glad he’s back!
Yeah. Thank you Jon.
He was basically my news source back in the day, lol.
@@nemesiswes426 - I thought he was the. "Duck's Guts", as we sometimes say down here in Australia, when we really enjoyed something, or appreciate someone's performance, or perhaps just like being in their company. Yeah, we got a thousand weird and wonderful colloquialisms, yet sometimes they sort of loose "something in the translation", particularly if I use them when speaking to Americans and yet, there's next to nothing an American could say to me that I've not heard before. Apart from the more "regional" or "site specific" one's.
I don't think that most Americans truly appreciate just how much Australian, and I suppose, the English speaking World's Media is (and has been for decades) permeated by the American News items, T.V show's, T.V Commercials, Music, Arts, Clothing, Social Movements etc, etc, etc. Add nausea.
I know right, this guy is a national treasure….
I did. Been missing him a LOT
Jon Stewart is smart as hell. I love his break downs of things.
Jon Stewart, despite the comedy aspect, is probably the most reasonable and responsible voices in American politics. NPR is the best pure journalism. I went to "The Rally to Restore Sanity". It was a beautiful and peaceful thing.
I’m happy Jon was able to cover this while other “news” organizations are busy turning the blind eye to corporate greed that they themselves benefit from.
Right? Let's go!
This is what happens when media organizations get bought by hedge funds/market makers..
and yet, he throws shade at joe rogan….the guy who made a name for himself addressing exactly those uncomfortable topics….really strange tomes
Yup, Yellen and the SEC buried that shit real quick.
covered it a year later
For Jon's newer fans: Jon Stewart's discussions with Jim Cramer are among his more legendary moments.
Good thing there's a streaming service for every channel and cell phone company now...Thanks Jon...
Cokerat Cramer's balls shrank three sizes that day.
Jon would need to be on some serious Sativa strain weed to keep up with that coke rats nonsensical ramblings
Thanks I'll check them out!.
Actually, to me, it's one of the Great Signs of his utter failure. His & American society's. You guys are quite the collection of infantile cowards, aint'cha?
He's begging congress to stop blocking heroic first responders from getting needed medical aid. Why? We _have laws_ that make it illegal for members of congress to 1) interfere in business one way or another, & 2) it's _ALSO_ 100% illegal for them to use their public office for personal gain, as the articles of impeachment against Trump made very clear.
Politicians are Private Citizens. Wtf does Mitch McConnell _do_ exactly that you're so afraid of removing his playing piece out of fear the whole structure of government will come crashing down?
The answer is that only your infantile idealism of politicians will suffer.
That's it. That's entirely it. You all would much rather gladly sacrifice your *Own Children* to a fantasy; To _retain_ a fantasy that retaining it doesn't make real.
Capitalism isn't the end result of laws of physics or nature. But acknowledging this would again force people to recognize that again, their beloved Daddy-Protectors are failing them. So, Mitch has to act immorally because capitalism is holding a gun to his head.
Even by infant's standards, this is pathetic. The main difference between you cowardly adults & actual infants is this: infants _can't sustain lying to themselves this way._ It harms their psyche. & you all _KNOW_ this!
But just as a drunk's only priority is their drink, a coward's one is making up excuses as to why they can't take action. You didn't even ask to see where the missing 16 trillion disappeared from, didn't lift a finger to help the First Responders, never questioned anything that might lead to you having to deal with one iota of adult-level responsibility.
"♪ It's The American Waaaayyy... ♫" Now go bomb some innocent Brown children overseas because you feel blameless when you accept commands.
I remember the whole "diamond hands" vs. "paper hands" thing. Great segment, Jon!
Thank you, Jon and team. We need content like this!
I remember at one time people thought it was bad that most people were getting their news from the Daily Show. This is proof that it was a good thing.
Can't say that today.
THIS IS ENTERTAINMENT!!! PLEASE DO NOT USE THIS AS NEWS! The Daily Show gives you the validation and emotional strength, the sense of righteousness to continue doing the right thing. Do not get news and entertainment confused!
Well...I wouldn't say that is entirely correct. Shows like this DO share facts about events. But it does have a bias...although most reasonable people would agree the bias is toward anti-corruption and therefore acceptable.
We got our news from Jon on the Daily Show and it never drove me crazy like CNN and MSNBC. It's not really their fault though, they have to repeat the same stuff every hour on the hour. We shouldn't have a 24 hour news cycle.
It was dumb to get your news from daily show back then and it's even dumber now.
This is why we needed Jon Stewart back online. Somebody has to dig for The Truth and shine a light into the damn darkness...
This is the best breakdown of how the markets ACTUALLY work that ur probably going to find floating around.
You are so awesome, thanks for putting the truth out there and supporting this just cause, we appreciate you!!
Need more people with a platform talking about this. Thank you Jon
"Someone should question him publicly" That was an all-time watch.
I think he might have been referencing that
You guys want to clue the rest of us in?
@@FLdancer00 Jim Kramer is a fucking puppet who spits out random garbage but is never confronted about the stupid shit he says but I think there's a video out there of someone doing something like that
This is something I have been sharing with friends, family, and anyone who will listen. The easier they make it to trade, the worse it is for the retail trader.
Truth is ugly sometimes. Thanks for doing this Jon.
This is a foundational issue to our society. More people should be talking about this
Please make sure to share this with others lets get the word out 🙌
I agree. Thing is, what the hell is anyone going to be able to do about it? Politicians are getting their cut, on both sides of the aisle, so they’re not going to do anything to stop it.
@@bccsivxx-xxivvii Unless there is a push for radical change in the near future we are completely fucked. The climate apocalypse is going to happen and the buildup is going to be nasty.
@@baileyayyy5085 sad but true.
The massive schemes nobody wants to touch because most people don't want to try and understand them and that's why they never end. The Federal reserve anyone?
My favourite part of the media meltdown surrounding gamestop was analysts on FOX news of all places arguing for government regulation of the financial sector.
Couldn't make this stuff up.
Very confusing times we live in isn't it?
How did no one laugh at that "in the 90s, they were just friends" line? Gold!
Payment for Order. *Wow* I love how this is so calm, clear, and dense. Nice to see you again John!
I’m so glad Jon Stewart is back exposing this bs that has been really out of fucking control
"Haunted Victorian Boy" was the best zinger I've heard in a while. :D
It’s so satisfying to have Jon back! Jonny, we hardly knew ye
"It's too late for me now...." I'm dying!
I never realized just how much I missed having this voice in my life. I thought the whole game stonk thing was really illuminating in how we were able to see how the stock market isn’t REALLY for the people. It’s for a select group of people.
But you do have a voice. If you buy a stock and direct register under your name it won’t be able to be manipulated by brokers. People in GME have been doing it.
The stock market exists to extract wealth from normal people. You may make money nominally, but you are in the minority. The system is set up so you lose purchasing power over time unless you're actively managing your investments. Brokers and traders call 401k and ETF investors "dumb money" for a reason. They are taking advantage of you.
If you watch other media, they were shaming the Redditor, when I said media I mean even the New York Times was on all this madness, and to top it up they also do everything in their power to not give them access to continuing. What that application (Robinhood) did was criminal and they should take them to court.
You know 80-90% of people (or whatever the number is) that lose money in the stock market don’t lose money because the stock market is rigged.
They lose money because they make incredibly stupid moves in the stock market.
They lose money because they buy GameStop stock at all time highs because it’s going up and they want in on the action despite the lack of fundamentals to justify such a price increase.
They lose money because most of them day trade. An investing strategy which will put you directly up against quants like Jim Simons who have better and faster equipment than you, and are smarter than you. Yet most people are attracted to this style of “investing” despite the odds being stacked against you.
Can the stock market be rigged sometimes? Well kinda but not really. Nancy Pelosi is a good example of a “rigged” stock market.
Do people lose money because the stock market is rigged against them? No.
Do the top 10% of people hold 80-90% of the stock market because it’s rigged against the bottom 90%? No.
The stock market isn’t an example of inequality. The stock market isn’t a tool to transfer wealth from the poor to the wealthy. The stock market is just that, a market, just like any other market.
There will be winners and there will be losers but in the end, the majority of people benefit.
A small minority will get almost everything and that’s just how it is and how it always has been and always will be as per the Pareto distribution.
People will keep losing money in the stock market as long as people make stupid decisions.
The stock market isn’t what’s rigged. What’s rigged are the games that they play in the stock market. You wanna make money in the stock market?
Don’t day trade, and you won’t lose to quants.
Don’t ape into meme or overhyped stocks and you won’t lose to hedge funds.
Don’t buy into overpriced assets and you won’t lose to your own stupidity.
Don’t leverage to the tits and you won’t lose to banks.
Don’t use RobinHood and you won’t be caught in the crossfire when their market maker gets squeezed into a position forcing them to take action to save their own asses at your own expense.
Don’t play their games and you’ll do just fine.
All that being said, Nancy Pelosi is still an insider trading criminal b*tch and needs to be fired and lawmakers can’t be allowed to trade.
“Oh but it’s a free market”
Stfu Nancy, there are people in positions granting them with less information than you that you forbid from participating in the stock market because they’d be insider trading. You can’t have your cake and eat it too. Pick a lane. B*tch.
Edit: Typos.
@@RoddyPipersCorneas Go back to your home planet where you might understand the financial system
So happy to see Jon back. Didn’t realize how much I missed him and his suppressed laughs
On the ultimate platform of open access, Apple TV+ no less. :\
When the world most needed him.. he appeared
@@meatsuitpilot6642 ahh. You broke and can't spend $10, huh?
@@plutotech no, I spent it on the stock market... It's like you weren't even watching
@@CyberSixYeti wait. I think you forgot to switch back to your other account. I wasn't even talking to you...
The whole damn system is guilty as hell.
I love how you break down corruption like a football play, more people need to see this.
This is so frustrating! John is great. Glad he’s shining light on this.
indeed!
Over the past year, I've learned so much about the stock market watching the unraveling GME debacle. The system needs checks, balances, and extreme transparency so that the middle and lower classes aren't ground beneath the boots of the upper class.
Everyone knows it, but everyone doesn't want it. Too much money to be made. Countries are run by crooks. :(
Imagine all this would be publicly visible just like the blockchain, nowhere to hide, no wonder the SEC and Big players are scared about it
I'm done with capitalism.
@@nigelolympia capitalism has nothing to do with greed. Its the opportunists. Capitalism is just trading goods or service.
@@Doflaminguard I see what you're getting at, but it's more than that. Capitalism is designed to aid the greedy in exploiting the worker into giving up their labor power to those that do nothing but provide to space to create and build.
To literally have slave labor making Nike's to sell on Amazon. Capitalism is the problem with everything.
@2:49 “That ‘Hark!’ even scared me.”
That Stewart guy is talented. He should maybe have a tv show or something. /s
That's about the best introductory explanation of the GameStop thing that I've seen. Good job Jon.
I can't believe that after Iike a year, Jon Stewart was the one who made me understand the whole stock market aspect of the Reddit Gamestop fiasco. 😂
So what are you going to do with that understanding?
Repent to Jesus Christ
“Devote yourselves to prayer, being watchful and thankful.”
Colossians 4:2 NIV
Jh
@@jesusislord6545 I don't pray to zombies.
Same 😅
Unforunately, the worst part is in the last 30 seconds. Dark pools doesnt even begin to cover it. What they are doing is supposed to be illegal, but the burden of proof is so high, and more importantely, the SEC refuses to investigate, Because, it would be like calling the police on your friend who had a beer at the bar, and is driving home.
And thats what everybody really should take away from this.
Jon Stewart is a hero for the people, really. The last time I watched him he was fighting for 9/11 Firefighter medical rights
He still is. It's not resolved.
Always very knowledgeable and informative. Thanks Jon. Oh, and wlcome back to The Daily Show.
Jon, thank you for all you do 🙏
One of the most entertaining things of the GME thing was the court case that followed it and the absolute memes going on during it's coverage. These stock market experts legit could not get it through their heads that it wasn't this highly orchestrated plan, it just a bunch of people with some spare cash agreeing with one redditors posts and then jumping in. They had analysts trying to figure out the why and were utterly confused by people telling them "Why? Cuz fk 'em"
I know this is a year later, but the reason why they couldn't wrap their head around it, is cause they can't understand NOT colluding with others to pull the rug out from under someone else. Those people literally work together to fuck over anyone not in the club, and will protect club members. When you see one of them in trouble, it's because they got kicked from the club.
Imagine believing it was just bunch of redditors doing it. There were hedge funds on the buy side too.
@@fransliszt do you happen to believe the earth is flat?
@@JetPatrick No since I'm not a gme cultist.
Actually, it was just a group of guys attempting to keep one of their favorite franchises from closing. Gamers like their games, ya know.
My man, John's always on the right side and knows his shit.
Give’em hell Jon!
Jon Stewart, you are the absolute best!
Our greatest concern should be how to recover from economic inflation.
How please? I'm new to .cripto investment. please.can you guild me through. how you made it.
Trading crypto is one of the lucrative business, but to be honest its not entirely easy i lost so much while doing it by myself until I stumbled across Madelyn Donald.
You're right ma'am, the market involved so many technical analysis that require a professional ideals to scale through.
One of the secret i have got in the market was the realization of a professional skills, with it no need to pass through the stress of self trading to avoid losses, thanks to Madelyn for improving my portfolios
l believ you. i'd trade with her too, Her professional strategies are really mind blowing. i received $15,150 from her yesterday after investlng $2,500, she's really awesome.
Jon speaks the truth, and always adds just enough humor to keep the masses interested in topics that usually come across boring. He’s been fighting for the little guy, and it shows.
the problem is that people find it boring that their whole existence lies in the arms of people who dont give a shit about them
Spoken like a true simpleton. Yes, Jon job is to entertain men children.
@@NextLevelHardstylez why should anybody care about you,the world Owes you nothing.
I would say just enough hilariousness 😂
@@MrShnazer Question: Do you believe the election was stolen?
I just want to say thank you Jon!
It's been so hard trying to have our voices heard. The American people are sick of being robbed by the rich and want change.
Rich people don’t “steal” from you, you are delusional
@@Conshisthot dig a little bit and you'll figure out that the elite have LITERALLY been stealing money from working class people through the equity markets in America
Love Jon, so glad he is back :)
Jon Stewart will forever be the all-time GOAT of this type of shows. I am all against celebrities running for president, but I'll make an exception for him.
Tip of the iceberg- but excellent break down.
The entire episode talking about the tip, only to show US the entire iceberg at the end... F***
learning about dark pools back during broker licensing was one of the most “wtf” realizations I’ve had thrown at me. Honestly 90% of what we learned was a “wtf” realization
Tell us more.
Yeah, I want to know a little more 'bout these "wtf's".
@@bingbingbong2886 Do you know shares held by you is actually not registered directly on your name ? For that you have to remove it from the books of your brokers and register it directly with Company's transfer agent. However, companies are not allowed to tell you this as your "broker" wants to loan your shares for commission.
It has become quite clear it's a racket, so does anyone know wtf one should do with one's money these days?
@@youcancallmeana buy and hold amc if it dips back to 12-13 🤷🏻♂️
This is absolutely Gold!
Reddit has become an important place for me where I can actually find unbiased information in many levels and I can share information. Happy that people are coming together there!
Wallstreet gaming the system isn't suprising but the media taking the side of them against retail is what really bothers me.
And politicians. Don't forget Pelosi's insider trading
The media is owned by the same wallstreet investors.
Jon shining his fantastic light into those "dark pools".
Keep doing what you do so well!
@Hakim Habib Sure you could look at it that way, but what about stocks that have had 40% dark pool usage DAILY for weeks at a time? Should 40% of trades really not affect the price of the underlying?
can we get a series or follow up based on this episode? I would love to see an interview with the financial/investment team at Porsche that was involved in the VW squeeze back in 2008. would be great to hear their thoughts on how big that squeeze could have went if they held out and what they think of what's going on today after the Hedgies and MMs were taught a lesson....
So glad to see J back and laughing at his own jokes. Missed it so much
"When the Federal Reserve STARTED analyzing stock ownership in 1989..."
Am I the only one that immediately sees the problems and issues associated with that fact?
"Hey Chaz, did you hear they've started analyzing stock ownership?"
"Oh dear, Chet, whatever shall we do... besides all this coke that some dumbass coal miner is paying for with subsidies right out of his pension! HAHAHAHAHA"
I heard that the Fed is a private business? Who knows more?
Yes, you are! Because you are way smarter than most people. We can only be humble and learn from your superior wisdom.
@@miguelrosado6348 Well seeing as how the average person cares less and less about economics and politics, I can confidently assert your sarcastic remark is more realistic than any of us would like to admit.
@@munkqiking7207 That is simply not true. If you lived through the 90's you would realise that people nowdays care a lot more about politics than back then and people didn't know shit about stocks and economics before 2010.
Videos and coverage like this is exactly why I revered Jon during his Daily Show days.
💯%
Seriously, Jon Stewart is the PERFECT person to expose this crap. The .01% play HEADS I WIN, TALES YOU LOSE every day!!!!
So glad John brought this to light. And there are also the front running high frequency traders that get in front of your order!
It is even more maniacal than that because I believe it was a marketing agency that initiated the GameStop short squeeze and not grass roots.
Plus, the Plunge Protection team makes sure the market never fails by injecting billions into currencies and maybe major indexes
Janet Yellen - The former Federal Reserve chair disclosed a list of more than 50 paid speaking events for financial firms that included $67,500 from Goldman Sachs, $54,000 from an event at Barclays and $292,500 from a single speech for hedge fund Citadel.
The more complicated something is the more likely that something is corrupt.
That's why bureaucracy swamps exist all over the place, to hide the corruption.
Finance tricksters do with economies, what academics do with higher learning.
Over-complicate everything massively until nobody else understands without a life-long specialist education... and then utterly and irreparably shit the whole thing up for good measure.
Glad to finally see this story getting the coverage it deserves.
*Educational beyond belief once again from our hero Jon Stewart.*
I REALLY HOPE the new Daily Shows have more of an “The Problem With Jon Stewart” edge and depth to them. 🙏🏻🙏🏻
I remember that day not being able to buy. I felt the same was holy shit the financial system is totally broken.
I couldn’t believe it
I and my friends who were both in gme AND amc were FUCKING pissed at how utterly and platently corrupt this shit was on the day it happened. I remember being on robinhood and seeing 30 fucking minutes before market open, "We have restricted the purchase of these listed stocks". FUCK them.
Always Been.
The stock market needs to be ABOLISHED! Here is How to Convert a Public Corporation into a Worker Democracy ruclips.net/video/n-_zw-e5Dt8/видео.html
Not broken, that was it working as intended. It was just never designed to work for YOU.
Jon is one of the few people left that speaks the truth and sticks up for common people.
@@lookingjust987654321 Hey I'm not anti rich by any means he earned his money through his work he deserves it and he has never sold out he spoke his mind on his platform and shed light on injustices in our system. But no the market is public so anyone caught cheating in it deserves punishment.
It never ceases to amaze me when I see snippets of US TV which calls itself news, it is hilariously bad. And it is usually contrasted by the actual shows I'm watching, like The Problem With, and Russell Howard's Show.... which is a stark contrast for sure. John as always pointing out the ludicrous very nicely!!
i found it easier to stay same getting my news from Jon S. also gave me hope that intelligence might fix a few issues.
Bless you Jon Stewart
General consensus in the West: We live in a free market
Me after seeing this: Oh, really?
Yes, this is the logical consequence of a free market
"In the 90s they were known as 'just friends'." I can't believe he didn't get a single laugh at that! I am disappointed in the audience. Shame!
I think they're just too young. They didn't live in the era when all of your gay friends had to be in the closet; much less before marriage equality.
Too young to get it 😆
The whole audience was a little cold. So weird.
@@jspanos500 But... but... haven't they seen the historical memes?! They're memes! Young people like those, right? XDDD
(Like, there are so many memes of this, tho)
@@RobShelley84 that's because Jon isn't that funny.
This was a great chance to point out the uniqueness of Vanguard and it's structure that benefits account holders instead of owners. I get pointing out problems is popular but when there are better options for common folk it should be talked about.
It’s just great to see Jon back doing what I love most about him, so many of his protégés have do well (John Oliver) but can’t do it like Jon.
Jon Stewart: Suggests he may consider running for office, possibly...
Everyone: FUCKING FINALLY. YES PLEASE.
Whoa! When/where did he say that??
Puhleeze!!!! Run Jon, Run!!! Everyone I know would vote for him!!
@@teresathayn5170 imagine the debates 😈
He should run as a Republican against Donald Trump. Don't even take it seriously, just eviscerate the guy at every opportunity. Even the most loyal Trump supporter will get a kick out of watching their hero crash, burn, then blow up like a nuke.
@@JamesWillmus It would be interesting, and I like both those guys, but Stewart is too nice to be a good US president. He'd be a fantastic upgrade from Trudeau though.
“Someone should question him publicly. I’m sure that would have tremendous ramifications..” 😅I remember that so well, Jon.🙌🐾 So grateful for you & relieved you have a show again, buddy. 🥰
Always interesting, thank you.
An amazing piece of work!!!! How quickly that was all buried!!!
"Who came up with Payment for order flow, Bernie Madoff? It is Bernie Madoff!"
You do the work for the people Jon. You speak for us. I've learned this in the last year and a half and my jaw stays on the floor from what I've learned.
Jon lost a lot of money himself to Madoff
@@modelsupplies What happened?
It made it where trading has no buy or sell fee's. 🤷🏻♀️ Seems an improvement, I remember paying $50 a single trade for every trade in the late 90's! Even $7 trades were prohibitive to me with my little money. Lol
@@iseeu-fp9po Madoff made off with a lot of people's money in a Ponzi scheme. He was not placed in prison, but in NC in the forensic unit of a long-term care mental hospital behind triple locked doors. He died a few years ago. But, he was the only high profile person that I can recall who served any kind of time after the giant wall street bail out that was caused by the crash of 2008. Justice did not prevail.
But John Oliver funnier and fluent✨
Nearly 25 years since the start of the Daily Show and Jon out here still spitting facts.
he is prob spitting them for some one but yeah
I'm so glad I found this channel. I missed Jon's humor.
Get them Jon. On everything!! that’s wrong with this country!!. Minorities appreciate what you do on their behalf on all topics of your show. I’m sure I can speak for them on this. Thank you.