A lot of misinformation amongst these new traders these rob and the traders i thought they were getting free share or somehow and its really fascinating to see really learning curve amongst teenagers and 20 somethings about how stock markets work and you know experience is a great teacher and that usually means losing a lot of money but thats also a very good teacher true thats the only way i really learned i never learned sitting in front of a professor in a classroom i learned the most when i get racks it does bring up the notion of this fictitious capital and that you know this is kind of the future that marx would see is that everything is so life removed from Industrial Production or any sort of production or labor that we get to a point a fictitious cow prawle and then in that sort of space theres like no limit up really because its just one. And it by our imagination its goes back to neal feudalism in a certain Medieval Church driven notion of how many angels can you dance on th
From twitter and i want to talk about chasing stock splits with marks and king so i see them in my headlines today so i figure ill name check them and talk about them 1st up we have a tweet here that says Robin Hood Schwab outages last week linked directly to tesla and apple split the money els and generations ear on their robinhood apps and their schwab apps and theyre chasing these stocks splits max well you know i predicted that would there would be a problem just like the millennium bug or if a member back in year 2000 there was a lot of fear that the Computer Systems would be able to handle a double 0 of the year 2000 and that proved to be not the case but in this case there was a problem in terms of the stock splits there were these robin hood apps and apples already lost traded stock out there and so it split and so the the back ends of these systems couldnt handle it so. You know they sorted out the a lot of misinformation of amongst these new trader things robin and traders i
A Conspiracy Theory but now the guy who runs the Largest Hedge Fund in the world ray deleo has joined this side of the equation the way we look and analyze the markets he agrees with us and here again hes the most successful current Hedge Fund Manager in the world bridgewaters dalyell says Capital Markets are no longer free Central Bank Balance sheets will explode dahlias said that investors should favor stocks and gold over bonds and cash because the latter offer a negative rates of return and Central Banks will print more money see hes watched the show he knows about plucky he knows about what plucky does the Balance Sheet are out so it raises saying there you know what weve been saying right so in a market there is that the price in a market is supposed to represent something as opposed to represent supply and demand thats kind of what prices are all about and thats what the wealth of nations the book written by. Adam smith adam smith is all about you know. Oh its the enlightened th
Max kaiser this is the kaiser report you know weve been saying for a long time that the markets dont really exist that theyve been replaced with. Its hard to i mean i want to go into what theyve been replaced with the lets just say that they dont exist anymore how about that and then well go throw to stacy and then shes going to have some color on the stacy womacks here on price report for the past 10 years we have been saying the markets are rigged they are not fair they are creating a cantillon effect they are creating moral hazard they are bailing out the very top you know 0. 01 percent of the population from their bad bets in their bad you know investments and indeed many you know some would say oh thats a Conspiracy Theory but now the guy who runs the Largest Hedge Fund in the world ray deleo has joined this side of the equation the way we look and analyze the markets he agrees with us and here again hes the most successful current Hedge Fund Manager in the world bridgewaters dall
A market is supposed to represent something i supposed to represent supply and demand thats kind of what prices are all about and thats what the wealth of nations the book written by. Adam smith adam smith is all d about you know its the enlightened thinking apply to economics that the invisible hand that is better than having the king tell you what the prices are that you the people can figure out their own prices just let all the people interact and the net result will be a better price for everything for everyone right yes a. Boat that doesnt exist anymore you have the kings now the princes the wall street titans and the private equity guys who dictate prices and to make it look you know for cosmetic purposes once they dictate a price lets say more a buffet says i need the price apple to be at 350. 00 a share then algorithmically you can fill in the trades phantom trades and wash trades to go. The 350. 00 to make it look like theres a market there is no more market they dont need to