Financial Advice That Aged Like Milk
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- Опубликовано: 27 сен 2024
- DON'T SELL BEAR STEARNS!
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Video Editor: Harry Bagg / harrybagg96
This video is an opinion and in no way should be construed as statements of fact. Scams, bad business opportunities, and fake gurus are subjective terms that mean different things to different people. I think someone who promises $100K/month for an upfront fee of $2K is a scam. Others would call it a Napoleon Hill pitch.
Pump the stock and I’ll give you a discount at footlocker.
Change the color of the lambo to celebrate the new years.
Yea put a sweet holiday wrap on that whip coffee
bought foot locker stock, thankss!!!! FinFluencer
What happened to your insta?
Coffeezilla content sucks now. Rip off of pewdiepie/calling everything in crypto a scam. The clout went to this dudes head ☠️🤣
I wish i learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix. Sometimes 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.
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.
After the '08 financial crisis, I've learned not to trust corporations. Since 2020, I've been investing with a financial advisor and have had no major losses, so I'm not going back to relying solely on banks.
my partner’s been considering going the same route, could you share more info please on the advisor that guides you.
Back in the day my econ 101 teacher told me a saying that sticks with me to this day: financial analyst spend 6 months predicting the economy and 6 years studying why they were wrong.
That has, most certainly, been my crypto experience, except with a 1/10 time scale. I now believe to have understood the mistakes of my past, which will inevitably lead to another awful investment, followed by another thorough analysis.
Many years ago my roommate (who was 20 years older) told me that playing the stock market is like "going to the racetracks". Up to this date I couldn't find anybody who can dispute that statement.
@@arturovillaluz2053 You haven't looked hard enough then imo. Plenty of people will tell you that short-term individual stock picks are definitely like going to the racetracks. But investing is much more than that.
@@Julian1T1 I always get that response. As far as I know, a tiny portion of the population make a living as professional gamblers, same thing could be said about professional investors. Investment is not an exact science and I've seen more people getting annihilated than those who made "a killing" in the stock market.
Your econ 101 teacher must have lost a lot of money in the stock market prior to telling you that valuable piece of info.
I get the shittiest ads because I watch this channel now. Amazon drop shipping, get rich quick schemes blatantly against RUclips’s TOS, etc etc. But I do it to pump the CoffeeZilla stock
So glad I have RUclips red haven't seen an RUclips ad in years.
Zilla🚀
@@mrt094 is that a joke? Lol
All the channels that focus on financial stuff, even the ones that like to dunk on them, get those types of ads. It’s truly despicable as they’re all either outright scams (by outright lying or it’s legal pyramid scheme where the only money to be made has already been made) or over promising what profit can be made (such as with the “I’m so smart by buying cheap crap from China and sticking a bigger price tag on it and putting it on Amazon” crap)
@@Sebastian-cu2zq lol true
One lesson I've learnt from billionaires is to always put your money to work, and diversifying your investments. I'm planning to invest about $200k of my savings in stocks this year, and I hope I make profits.
You're correct. The greatest strategy, in my opinion, is to diversify your investments. By distributing your money throughout a variety of asset classes, such as bonds, real estate, and foreign equities, you can lessen the effects of a market collapse.
I really want to get in with a financial advisor this year, especially as all markets are hitting highs. I don't want to be too optimistic and end up losing everything.
@@Nernst96im sorry, but isnt it better to buy an apartament and start renting it out? Its safe and theres no risk to loosing everything, and also when you have kids theh can grow up and live there or keep renting and this way they can have a better life
The moral of the story is do the opposite of whatever Jim Cramer advices. Even his call on Stark Industries in Iron Man was wrong. Sell, sell, sell.
lmao
😂😂😂 what does he even read to get his ideas from
Hey I went in hard on stark! Got in at the IPO, big gains buddy. Now I’m waiting on the new university that’s going public through SPAC, professor Xaviar has a good business plan..
Cramer telling people to panic sell at the bottom is absolutely a 10/10 bad call, he told people to do exactly what you're not supposed to do.
He seems to always tell people to do exactly what they shouldn't do. Almost as if he did it intentionally...
The worst part is you can hear the emotion in his voice--he says logical-sounding things like "I don't care where stocks have been; I care where they're going" but you can tell he's being swayed by emotion like a stereotypical retail trader.
He's a con artist. Scammer.
He ran a hedge fund before. He had buddies wanting to buy in and needed some liquidity
@@rafaelacosta5724exactly, sometimes i think hes secretly a bro
I just started watching and I really hope you include Robert Kiyosaki's almost daily prediction that the United States is facing the worst depression in history.
I was actually very close to tossing in one of his clips about the big crash that was coming in…October
@@ThePlainBagel just a bit off
Aye I watch both of you seeing this comment is dope asf
@@ThePlainBagel what about Graham, Jeremy, Kevin and andrei talking about the housing/stock market crash multiple times a week?
To be fair, he is not wrong... but the economy could 10x before that happens.
I’d love to see a Jim Cramer index and how terribly it performs.
Impossible, since due to his position he can only talk about large caps.
However, since he leans heavy on FANG and is the eternal bull, he'd probably match an index.
People have been tracking all of his suggestions and boy, is the performance incredibly pump + dumpy
@UCW4nY6whMXZnbNq2Bo1QDMQ so true.
Or an exposé on that Casey Burns guy!
It performs well if you sell immediately after he talks about it
Cramer definitely deserves a 10/10! He was even recommending people buy the dip on bear Stearns the day before they went under and were bought by J.P. Morgan
That's how you hold winners not losers. Easy 10.
I totally remember that! The stock price was over $60. It was his reply when asked about the rumors pointing to cracks showing and anxiety about insolvency.
You can't take someone seriously named Kramer
Nah, a bad call means he made a legitimate mistake. There's a clip of him telling how they manipulate*
To be fair, that clip shown is out of context. He wasn't talking about Bear Stearns stock, he was referring to a Bear Stearns checking account which is insured by the government. This clip is very often misused.
Jim Cramer definitely deserves a 10. Jon Stewart referring to Jim Cramer on March 4, 2009: "If I'd only followed CNBC's advice, I'd have a million dollars today ... provided I'd started with a hundred million dollars."
Also, Maria Bartiromo, now a host on Fox News, proudly proclaimed on NBC's Today Show shortly before the 2008 crash when asked if she foresaw a recession: "I do not. The fundamentals of the economy are strong."
I think the funniest phrase i've heard from an 'investor' is: "I don't know what they do, I'm just an investor"
Got me dead
This is exactly why I don't trust "technical analysis" investors, it's no exaggeration to say the ONLY thing they look at is the price line/candlesticks. It reminds me of witchcraft they way they draw conclusions about price action from nothing more than which direction the line is currently moving.
Why waste your time reading a news article, or figuring out what a company actually does? Line makes this shape = number go up, it's science!
@@TheLargeHardonCollider i dunno about stock trading but i know forex traders who trade strictly on the candlesticks and do very very well.
@@ezrolly898 Some do well, sure. But I think you're missing the grand irony:
Their analysis has NOTHING to do with how the company is actually functioning. It has nothing to do with recent news announcements, recent financial reports, or their ad campaigns & public perception.
They trade SOLELY on the movement of the line. But the line only moves based on others buying & selling. So how could that work? ...it works, because a bunch of other people ALSO trade solely based on the line's movement.
So it works... only because other people believe it works. They're literally trading against each other. If somehow magically every person in the world stopped believing technical analysis worked overnight, it would stop working overnight. That's the irony: it shouldn't be true, but because so many people think it is true, makes it true.
@@ezrolly898 I would argue that forex is a bit different as you don't have companies that you look at but currencies. So instead of looking what a company does, you look at how a country behaves and how idk their GdP is working?
@@dodatroda Oh look, one of them escaped. Back in your cage, you.
I was 14 years old when the market took a huge crash 13-14 years ago. Had a teacher that swore to me that companies like AIG and GM were going to get bailed out by the government. I had almost $1000 saved and wanted to put half into AIG and half in GM when they were at roughly 40 cents each. Well my family told me I was wrong and not to waste my money. By time I would have gotten to college and needed to sell the stocks, I would have owned roughly 2000 shares that would have been worth well over $200,000.. Still hurts to this day. edit: my math was a bit off shares did get to $60 range 5 years later though. GM did end up restructuring so I would have lost a percentage of shares not sure about AIG. Without restructuring I would have 100x minimum moral of the story. I’m being corrected in comments so wanted to clear that up lol.
GM got bailed out, however they also "restructured" and basically nulled all the original GM stock, and rolled it into another listing called GM about a year later. I watched the $1500 I had in GM just dissappear, and a "new" GM pop up the next year at 3x the value of the old GM (from $10 to about $32). Shady shady business....
Your family are a bunch of FUDers
@@yeoooo oh yeah 100% agree with you. Having that type of thought process and learning how to take Ls on the chin at a young age has helped me tremendously in life and business. I had a very successful medical consulting company 3 years ago that unfortunately came to a halt due to quarantine because of the specific ventures of my business at the time. The lessons helped me make a pretty good amount of money in crypto during those years as well. Last few years I have spent battling back, but I know I can get to where I was and beyond .. We all can with a little determination and creativity.
@@pmorton7960 wow yeah I had money in a medical company that did the same 3-4 years ago. I sold before it happened but they popped back up around 3x value too. There’s a lot of dirty play that goes on that we will never fully know all the details and truth of.
@@rufus5208 hindsight is 20/20
U can’t judge their decision based on what happened u can only judge with the information they had at the time
Cramer a 6? The guy literally told people Bear Stears was fine because he knew they were not and he feared everything would blow up. That was an 11! BTW, it is amazing he was still allowed on tv, period! And that Quest guy, he is like the most shady appearing person ever. Why can he get a career doing finance journalism? Absolutely insane world!
Cramer doesn’t know anything.
He made some pretty stark warnings back then about the market in general, including literally telling people to sell everything if they couldnt take multiple years of pain. The Bear Stearns comment is a nothingburger.
Yeah well I mean come on, Cramer's a talking head who gets paid to entertain by bloviating and peddling bullshit; everything he says is only taken seriously by the dumbest money in the room. He also makes a LOT of calls, so cherry picking the bad ones is just confirmation bias, which I daresay is even dumber than Cramer himself.
Cramer was saying not to take your money out of the bank, he wasn't saying you should hold onto any Bear Stearns stock. HIs comment that they'll likely be taken over is evidence of this. Taking your money out of the bank is dumb when it's insured by FDIC. Banks runs don't help anyone. That said I personally don't like Cramer or his advice, but this time he wasn't wrong.
Stock advice shows always seemed like a scam to me. You make money in the stock market by being ahead of the curve, not by doing the same thing as everyone else.
Coffee meets Bagel? Sounds like a dating app.
Why are you so far down here? 🤣
@@franco521 right?
Well they do go together. We need more of it. One gives us energy while the other keeps us carbed ⬆️
It was on shark tank, right? Lol
Lol
Is that still around?
The important point that most comments are ignoring is:
Meme coins are equivalent to the 2001 bubble stocks with no business model.
Nobody will upvote this because the average person is making this mistake and they are embarrassed by it.
I dont think anyone watching this channel would buy meme coins
Coffee and a bagel, not just a great video, but also a great breakfast.
A staple if you will. Quick yet reliable sustenance.
Lol. This comment is gold
this comment should get a pin or something lmao
Well played
Remember guys milk the trend if u want to make more money
How Jim Cramer still has credibility is beyond me! Look at what he told people about invest in DiDi and Chinese stocks before DiDi was delisted.
By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s. -Nobel Prize winning economist Paul Krugman
Krugman is definitely one of those guys who loves getting high on farts.
This is why I'm trying to shift to a science related career
Pump the stock bois $ZILLA
Where is mr beast?
@@ConcernedCitizenFiveTowns he's been murdered by 3 chupacabras.
Respec the pamp
We need that on a shirt baby !!!! Ayeeee !
Only need like 132k subscribers in 3 days!
The most amazing thing about all of these is the one with Cassano (AIG guy) That statement was given on August 9th 2007. Anyone who has studied financial history knows that is THE DAY that everything really started to unravel. That was the worse call out of all of these. Like your standing in a burning building and putting a second layer of clothing because your cold.
Invest in a dictionary.
Wow that is incredible
@@stefanfrankel8157 invest in a way to cope with seeing a misspelled word, you sensitive ninny lol
@@stefanfrankel8157Cope and seethe
Interesting analysis by those who called themselves experts but failed terribly predicting truth over the years. Crammer's Boeing debacle advice to equity holders not to sell their shares after two B737 Max crash 3yrs ago should also have been included here. The company's shares fell like a stone afterwards.
*Fell like their planes
@@totem559 savage
Well, telling people to sell is a bad idea. There's always some reason to assume a stock will go down and over the long run you will guess wrong more often than right which will cost you money. It's easy to look back at BA and say people should have sold but they still had a stellar reputation back then. It was an epic disaster on their part though, so not a terrible time to take the risk of selling either.
The stupid thing is buying individual stocks. Mutual funds is the way to go.
Jim Cramer deserves a 10 ... It was a highly specific call, with a direct call to action (don't pull out) ... where as some of the others the guy rated higher, were more general pieces of advice.
Cramer deliberately misleads, someone has to hold the bag right? He has insider knowledge and is likely paid by institutions to give the wrong advice. He's actually evil lmao.
coffee be blessing with these uploads
Facts!
Bot
@@namehere4285 Probably
@@c9_beast336 I ain’t no bot
@@JimiArchive But you bought your followers?
Jim Cramer strikes me as more of a reflection of general market sentiment than anything else. Same with most mass media outlets I suppose.
The average of all market participants is general market sentiment, VTI, VXUS ftw
So when he is excited, sell, and when he is fearful, buy?
Jim Cramer is basically the human embodiment of the fear and greed index
My dad worked with Cramer in the industry. He told me that they all still joke with him about this, and it is the one thing that Jim has never let down. It doesn't get worse than that haha
People who are too emotionally (and financially) invested in cryptos need to see this. They need to be reminded that history repeats itself, major bubbles arise in commodities/investments and then major crashes happen. The people who constantly plug their ears and scream "you're just spreading FUD, Ignore the FUD" are going to face a painful reality check sooner or later.
Crypto is not a bubble, it is the pin!!
crypto and stocks are highly correlated, good luck with your stocks
Also in general with some of the "tech" stocks like Uber, Tesla and their ilk. Google, Apple, Microsoft, Amazon are printing money so they aren't as insane... But if you are investing in something massively overpriced and even generally unprofitable be ready to lose the money...
yeah we've already had the bubble burst 3 times now
just all like all bubbles good things will come out of them
Fud like cat fud
Every time I act upon some advice from the "talking heads" class I find myself on the wrong side of a trade. I've come to trust my own judgment which is sometimes tougher than you think. When everybody is running one way, I start walking the other way.
Naturally over time
Or just invert whatever they do and lose all your money in two weeks instead of one
There are easy ways to spot a bubble though and if you know the path that roller coaster is going to take you could probably get off of it before it goes down. Then again it's probably not worth the stress of knowing you're dealing with such a fragile hot potato.
aged dairy is a billion dollar market
Jim Cramer 100% ownership
Update: Upstart has dropped 90% in value over the last year.
(As a millionaire)
I reply (as a millionaire) lol
😂😂Jajajaja(as a millionare)
Is that dude in jail yet?
@@info_fox jajaja don’t know but it’s about time
I didn't realize how many market crashes we've had in my lifetime. Way to bring the seasonal depression!
And then there's the ones that could have been a big crisis but simply slowly dropped back down to normal levels from bubble levels because the attention of idiots and players turned to other things like currency speculation and stuff like that. Currencies, futures and fashionable stocks have always been dangerous, so if you wanna buy stocks and not speculate buy stable stocks with decent earnings that don't show up in the big news.
Every market crash is an amazing buying opportunity, bring on the seasonal joy!
Unfortunately this slump might be a long one, Bideflation is a bitch.
The problem is not the crash - the crash is just the market regulating itself. The bubble is the real problem.
If it makes you feel better, if the market crashes too hard our govt will just bail the industries out without any consequences! Yay!
Capitalism is simply running out of steam as a mode of production. Read Paul Mason's Postcapitalism or research Kondratieff's Waves
We need to get you some red and yellow cards to really commit! I hope you make this into a series! It's golden
man....i'm not even into all the financial sh*t, your journalism and reporting is soo good i just get hooked on them all
With a name like "Coffin", why isn't he in the funeral industry? As a teenager, I was hired at a funeral home by a man- I kid you not- named Coffinbarger. I love when names suit beautifully, or completely oppose a person's job. When I was in basic training, one of my drill instructors was named Sgt. Rose and honestly, he was the most personable one there. Sgt. Fox was an example of perfectly suited name- he was small, and very fast.
I understand nothing about the economy or making money like this, but I absolutely love these videos.
To be fair, everyone in investing is often wrong, Hedge funds, banks, Warren Buffet. You are good trader if you are right in more cases that you are wrong.
That's true, you can definitely have significant advantages over a regular person if you commit yourself to the world of stocks but at the end of the day the stock market is extremely volatile since by the very nature of it your betting on entropy, just hoping to be at the start of the cycle if that makes any sense at all
Well, thats how venture capital works, probably they are wrong about most of their choices, but when they are right, they are right big, which brings them a lot of profit.
The not-so-secret secret is the moment you find out you're wrong in investing on something - you get out as fast as you can so you're not holding the bag of crap; minimize your losses.
@@0daadaadaa0 That is absolutely not even remotely close to a or the secret lmao. The real secret is their is NO SECRET. In the end trading loses you money so diversify your investments and pay as little fees as possible because every "guru" is a scammer making their money off fees.
You can be right in less cases than you are right and still make money. It all depends on what's your trading strategy. The takeaway is knowing that there isn't a secret to moneymaking in stocks. It's a competition and you'll always have someone smarter than you on the other side.
What's the best Gem coin to buy right Now?
Time to make some great value plays! GEMS on discount
@@fredgallag6097 .
@@viviangall1786
This should be a reoccurring segment. Very entertaining. Great job gents!!
This aged so well specialy the crypto part
If someone on TV tells you to buy, or not sell a stock odds are it's cause they're selling it, if they tell you to sell or not buy a stock odds are it's cause they're buying it. It's not so much these guys were wrong or dumb in these instances, they were just lying to enrich themselves.
Love the vids that bring in other guys... this is how i discover other content creators and it always adds something unique to the show
Here’s what they don’t tell you on TV.
Gold is up 600% over the last 20 years
10:08 correction: Bear was actually bought out at $2/share, not $10
So rough
Thanks Alexa!
They were initially bought at $2 but after public outcry, JPM raised offer to $10
@@fezshaser4828 "public outcry"... Fucking joke.
“If someone claims to be able to predict the stock market, they’re either lying or they don’t know what they’re talking about”
It's good that Coffee is always here to remind us how mad the market can be..
This brought back memories of my college econ professor (probably around 2005 or 2006) remarking that real estate was the exception to the normal supply and demand rules.
Cramer could have an episode of his bad takes.
Peter Schiff being a perma bear saved my ass in crypto. it's good to have a bear on one ear all the time during the boom.
Jim Cramer is a financial entertainer at this point
Yikes, that first one hurt. As a youtuber who covers stocks, understanding what a comapny does is the first thing I do.
Was it Warren Buffet who said only invest in things you understand?
Upstart was $392 when he recommended it. Under $25 as of 9/13/2022. Nailed it!
what actually the guy was right, the tech stock was not a fad, some of them still are around our days, microsoft, apple, amazon etc etc. I wish I could have bought those stocks in that market correction.
But a large majority of these died in that market correction
Microsoft and apple wasn't dot-com companies. The dot-com fad was about companies operating completely online without any clear lines of revenues, albeit pretty much any tech company was inflated and took huge hits when the bubble finally burst. Perhaps not apple, they were heading towards bankruptcy throughout the bubble.
We need a fund that does exactly the opposite of Cramers recommendations, it would go to the moon 🚀
Yeah my buddies and I joke about how wrong he is how consistently
The Anti-Jim index. I'm in.
@@tdotsmooth Being consistently wrong is just as hard and unlikely as being consistently right. If you could consistently get it wrong you would be an amazing investor because you could just bet against your instincts. Jim Cramer being consistently wrong only makes sense if he has insider information and used his show to manipulate stock prices which I would never accuse him of.
Mark Hanna:" Nobody - and I don't care if you're Warren Buffet or if you're Jimmy Buffet - nobody knows if a stock is going to go up, down, sideways or in circles."
I remember Suze Orman telling a woman to not help her 80+ yr old parents be more conservative with their retirement because it was doing well. I knew she was wrong and the crash happened almost immediately after. It stuck in my mind and now that my parents are older I think of it often.
That literally goes against the classic advice in long term investment strategy: start higher risk with stocks when you are young and have earning power and surplus cashflow to take advantage of the additional time value of money, then transition down to lower risk with bonds when you grow older.
That's beyond negligent.
I love when you bring on Richard. Dude is the most level headed guy in the space. Also Bagels... great!
It’s so insane how far you’ve grown.
Been here since 50k
Awesome having Richard on. One of youtube's greats
Coffezilla should run the SEC, the man is never wrong
That's crazy, does a better job and is faster lol
“ no mercy, I’m giving him 10/10” 👏 this is why I love you Coffeezilla
The inverse Cramer leveraged ETF. $CRAM
NEVER WORK A DAY AGAIN IN YOUR LIFE.
I am officially old enough to remember when people would think British men who spoke with confidence should be listened to.
Basicly Jamie Oliver's whole show!
Peter shiff has predicted 12 of the last 3 recessions
I bet Coffee's wife was just over the moon that he bought that whistle.
Tether can print as many Tethers as they want but he said specifically "A Bitcoin Standard". You can't print Bitcoin. That's a fact.
Peter Shiff right as always. He called it before the crash
Pessimists usually are right.
Jim Cramer has had a terrible performance this year and my guess is almost every year when compared to the indexes or a small child throwing darts at a list of stocks.
Agree 100%. See my post on Cramer above
0:50 "What do they do?" Your mom, obviously.
Tether part ages very well
I too am an investor, bought at average of 1,947 per share after they did a 1:100 reverse split and I’m down 98%. I was positive it would moon because why not lol 😅
I never stop and comment, but I should... coffee, you're super binge-able, and you finalllllllly stopped fake-laughing as much in your new videos. Which is good. Top 10 RUclipsrs all time. Coffeezilla!
A Young Peter Schiff! I’m sure he never forgot that guy’s smug face and just smiled once his call came true.
Ray Dalio constantly warning the "Big one" is right around the corner, yet his 13F says anything but....
Him crammed, “i like sub prime”. How is that not market manipulation ?
An updated version of this video would feature EVERY nft, crypto, metaverse and virtual land video lmao
Nothing like Coffee and Bagels.
I’m a little disappointed that not one contained Larry Kudlow and his historic whiffs.
“What recession? There’s no recession.” (2008)
That "analyst" in the beginning is Mark Minervini. I'm surprised no one knew this...
The algorithn knew to recommend me this video right after Tether nuked itself. The world is interesting.
TBH with Cramer he was telling a depositor to leave his deposits at Bear, which he was right to do. He was *not* telling a stockholder to hold onto his Bear stock.
He should have been clearer, but he wasn't wrong.
“in the world of crypto you cant print money out of fin air” while wearing a Tether shirt… The irony absolutly hilarious:))
Tether prints dollars not bitcoin. So he’s right.
Can’t print Bitcoin that’s the beauty of it
@@LimitlesSniper "Can’t print Bitcoin that’s the beauty of it"
Actually you can.
Just like they say you could not increase bitcoin capacity some years ago and then a clever dev found a way to do it.
@@anteeko Any attempts at trying to increase the supply cap results in a fork. Your response shows that you have no clue how it works. Soft forks like segwit and taproot are backwards compatible so they don't interfere with the base protocol layer.
@@bisiriyutajudeen5728 Segwit and taproot interfere with the base protocol absolutely. they are new consensus rules.
>Any attempts at trying to increase the supply cap results in a fork.
Not if build as a soft fork.
LOVE Plain Bagel. So glad u got together to put an episode out
jim even gives bad advice in movies. in ironman 2008 he told his viewers to "SELL SELL SELL" stark industries stock 😅 imagine selling stock you have in a company that later will go on to power a whole city grid with one clean power scorce, make nanotechnology that can do internal risk free surgeries and then the former ceo goes on to save the entire universe by sacrificing himself to bring half of all life back to life... yeah i dont see how selling stark industries stock was a good call... oof
Regarding the Jim Cramer call….there was some confusion about “selling” vs “taking your money out”. Unless you had more than $250k in there all your money was fdic insured
Jim "this is the best economy ever" Cramer... truly a trustworthy gentleman *sponsored by Phizer*
as someone in the finance industry I can not give anyone a 10, and "Plain Bagel" is not in the American industry, but even still the guy is almost a 9/10. This was great, I loved this.
Peter Schiff isn’t a permanent bear. He is actually stating things that are wrong with our financial system not backed by gold.
He is an idealist. He is the prime example of "the market can stay irrational longer than you can stay solvent."
@@pmp1337 yes the market can be irrational. But it can’t stay like that and it’s a large risk to keep your money in something like that
Lmao the dramatic music leading up to the call on the Bitcoin one at the end, then it stops at, "no!" hjahahahahahaha
I would love another episode with good calls sprinkled in.
I’m faced with brazen overconfidence of gaslighting trolls constantly
I love the ones who provide numbers. Because you must absolutely know the specific Delta of change from a specific point in time.
Reminds me of how Paul Krugman said something like "The internet will have no more impact on economy than the fax machine" in 1998
"you can't make money out of thin air" about a "currency" that's literally ginned up out of nothing.
Richard is 🥰.
A great analyst and a humble human being. 🔥
Hilarious! Watching that 2006 real estate guy Mike Norman with the capped white teeth and goomba lizard skin suit poo-pooing the market would crash was the cherry on the top. 🤣
Aged milk is cheese, and tends to have a higher ROI then just milk. There's a bank in Italy where it's major asset is parmigiano-reggiano holdings from the local dairy farms.
Cheese is specially fermented milk not just aged
to be honest that Cramer and Bear Sterns clip has been completely mistreated over and over again… Jim Cramer said that Bear was fine and that it’d be acquired, which is exactly what happened. Bear was too big to fail and peoples deposits WERE SAFE because it would get bailed out (which it did) by either private or government…
Anyone that takes Jim Cramer's advice, deserves to zero out their account
It may sound like a coincidence but I searched the guy to find out his zodiac sign as I predicted him to be an Aquarious and believe me these types of signs are so overconfident and wayyy too unreliable. To my surprise I wasn't wrong. Just dont trust such people that give this Aquarious vibe. Saved me tons of times such as having such people as my bosses etc.
@@BiconneccZodiac signs don't mean shit.
I can't understand why people still beleeue that Zodiac signs are actually real.
@@Mr-pn2eh why do you think that?
Dot coms crashed because start up companies were purchased on the basis of potentials rather than actuals and the prices paid were inflated which got onto the books as assets that raised the prices of companies' shares which were sold at those inflated prices of their stocks. The purchased small subsidiary companies did not succeed and pulled down the parent companies. Thus the bust.