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Transcripts For MSNBC Diamond Hands The Legend of WallStreetBets 20240707

who just got fed upwith the world, got fedup with being told go to college,get a job, make a living. you know,it is really frustrating. the boomers,they think we re lazy. you know the whole term, pull up your bootstrapsand work hard and you get the same lifethat they had? no. the world is very,very different these days. hell, the next pandemicin 2025 might wipe us all out anyways. i ain t got timeto wait for retirement. you got to will itinto existence. life s just not fair.the world is a harsh place and the stock market was justthe purest form of yolo. [music playing] reporter: stocks up againthis morning, 12%. short sellerscontinue to get hurt by the thread wallstreetbets and other retail [interposing voices] reporter: all this whiningby wall street, it s making me sick. reporter: this is populismcoming for capitalism. gamestop. matt kelly: on surface,i can be pretty scattered. in the water, though,it s calming for me, because you re seeing out ofa little hole, right, and

Transcripts For MSNBCW Diamond 20240702

what s the story to you? - [sighs] i think the story is abouta group of idiots, a very large group of idiots, who just got fed upwith the world, got fedup with being told go to college,get a job, make a living. frankly,that s just not realistic for our generation. you know,it is really frustrating. the boomers,they think we re lazy. you know the whole term, pull up your bootstrapsand work hard and you get the same lifethat they had? no. the world is very,very different these days. hell, the next pandemicin 2025 might wipe us all out anyways. i ain t got timeto wait for retirement. you got to will itinto existence. life s just not fair.the world is a harsh place and the stock market was justthe purest form of yolo. [music playing] reporter: stocks up againthis morning, 12%. short sellerscontinue to get hurt by the thread wallstreetbets and other retail [interposing voices] reporter: all this whiningby wall street, it s making me sick. reporter: this is populismcoming for capi

Transcripts for MSNBC Diamond Hands The Legend of WallStreetBets 20240604 04:17:00

which meansyou can only sell it. - if you can only sell stocks, then those stocksonly go down. matt kelly: i go to work.and i m standing there. i m givinga presentation, right? i m on a zoom meetingwith 100 people. and the price drops to about120 bucks a share. i m like in the middleof a word. and i look downand i see that and i just went i just freeze. i stopped.i m sick to my stomach. i don t knowwhat the fuck i m doing. like why? a million dollarsis a million dollars. like what is wrong with me? reporter:after surging yesterday, the stock dropped 44%. - then it immediatelypops back up. reporter: it hit an intradayhigh of $469. - but the next thing you know,it s tumbling down. you couldn t stop itfast enough. you re watching it and it s bylike the minute. you re like, oh, my dude. i was like, oh. reporter: the stock droppeda whopping 44%. - it was soincredibly stressful. reporter: janet yellen,treasury secretary.

Transcripts for MSNBC Diamond Hands The Legend of WallStreetBets 20240604 03:02:00

life s just not fair.the world is a harsh place and the stock market was justthe purest form of yolo. [music playing] reporter: stocks up againthis morning, 12%. short sellerscontinue to get hurt by the thread wallstreetbets and other retail [interposing voices] reporter: all this whiningby wall street, it s making me sick. reporter: this is populismcoming for capitalism. gamestop. matt kelly: on surface,i can be pretty scattered. in the water, though,it s calming for me, because you re seeing out ofa little hole, right, and everything is quiet.

Transcripts for MSNBC Diamond Hands The Legend of WallStreetBets 20240604 03:44:00

that s when i startedworking at a grocery store. i was buying stocks duringthe lunch break. i was like preparingfor the absolute worst. and i was ableto help them out and obviously just belike financially stable on my ownat this point, but i was down to $490in my account. and i was like, shit.[laughs] i might notbe good at this. matt kelly: the money, to me,isn t an end all, be all. what money means to me is itmeans escaping the rat race. it meansspending time with my kids. i can not havethis constant anxiety that i m going to fail, that if i start to have moreproblems with my brain, where i can t work,that my kids will be ok, that we ll have somethingto fall back on.

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