wallstreetbets, what s the story to you? marie i think the story is about a group of idiots. a very large group of idiots. who just got fed up with the world. got fed up with being told go to college, get a job, make a living. frankly, that s not just realistic for our generation. it is really frustrating, the rumors. i think we re lazy. you know the term, pull up your boot straps and work hard? you get the same life as they had? no! the world is very, very different he stays. next pandemic in 2025 my wipe us all out anyways. i don t have time to wait for retirement. you ve got to will it into existence. life is just not fair. the world is a harsh place, and a stock market was just the purest form of yolo. this is populism coming for capitalism for gamestop. on surface, i could be pretty scattered. in the water, though, it s calming for me. you are seeing out of a little hole and everything is quiet. you hear bubbles, you hear breathing. you just hear the water around you
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
Today, as well and while those big round numbers are nice and they do get attention, well talk about what they really mean. We turn to Michael Santoli for more on this historic milestone. Mike . Kelly, the more indexes make a new high when we have been rallying the better to lend credence to it. In terms of the actual round number and the 40,000 theres mental accounting involved. I do think people have a general sense of where the market is and you flip from three to four on the odometer and you notice that the markets been doing well. I dont expect this level to have any particular relevance in terms of creating a barrier that would last a long time aside from the fact that the dows up 5 in two weeks and we have had a nice sprint higher to recover those losses from the april pullback, it seems like its not necessarily something that should stand in the way of further gains or for that matter cause a flush of new money into the market. I wonder, mike, as well if people will look at thi
The retailer sees some booming ecom sales. And of course buffetts big surprise, revealing a secret Minority Stake in one of the markets biggest insurers. S p closes above 5,300 first time and the dow does inch closer to 40,000, jim. You said this morning, overbought, but things can remain overbought for a while. When it gets this overbought, when theres so many different buyers, and we have had this a couple times, bill paul does the great work for the oscillator, you can actually have a sustained churn, flop and chop. It doesnt plummet if youre up at these levels. It kind of just marks time. Now, we did have one of these last year where we came in, the first couple days, nvidia got slammed, the big momentum guys got slammed. Then, they came right back. I know it sounds odd, but you can get to an exalted level like we are now and have some rotation internally, but its not like when were like plus 5, 6, really fast and then boom. I know i dont want to be complacent, but when you see a w
That macro picture. Consumer prices down. Retail sales flat. Jamie dimon calls on the u. S. To get its fiscal house in order. Plus the intensifying a. I. Race. Google is rolling out its most powerful a. I. Assistant yet. And a Bipartisan Senate group out with a new report on how best to regulate the technology. Sara eisen is live from jerusalem, speaking oneonone with israeli Prime Minister Benjamin Netanyahu. Lets get to the cpi print. As we pointed out, 3. 6 core year on year, jim. More than half is gasoline and shelter. Its only going to get better. Gasoline, obviously, oils come down. Iea with some reports saying its not shouldnt even be at this level. Food, were starting to see some things in food that indicate that things are getting better. I mean, for instance, one of the things they said that was bad was cereal, but as we know, david, i told you that kelloggs says theres too much cereal. Were going to see buy one, get one. The things that people are being hurt by, except for s