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Speaker 1: If you're new to the podcast, welcome of the Overnight show.
Speaker 1: Four hours a night clearly not enough. On the Overnight.
Speaker 1: We do some different things on the podcast. We don't
Speaker 1: stick to sports because we don't stick to sports on
Speaker 1: the podcast. Uh and hey, we do this eight days
Speaker 1: a week. So this is our Friday podcast. Saturday got
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Speaker 1: your way. And then the mail bag. The staple of Sundays.
Speaker 1: You know, people think on Sundays a day of leisure,
Speaker 1: day of rest. You might go to church or something
Speaker 1: like that. But the mail bag a large part of
Speaker 1: the conscience of America. But it is the fifth hour
Speaker 1: in UH. It's a spind the wheel of podcast sidekicks
Speaker 1: here and see round and round and round and round.
Speaker 1: Oh look at it. Look who's decided to leave west
Speaker 1: of the four oh five and come in here this week?
Speaker 1: David gascon joining us here? How excited? Is that? Unbelievable?
Speaker 1: I I thought it was a fitting occasion to come
Speaker 1: back this week after what went down earlier in the week,
Speaker 1: dude to UH due to the dark alleys of Reddit
Speaker 1: and also the white collar sycophants in Wall Street. So
Speaker 1: it's well, you are referring to these So this is
Speaker 1: going to be a podcast related to Wall Street, but
Speaker 1: in s Polton terms, in Layman terms, is what it's
Speaker 1: gonna be. Yeah, it is a wild story. It does
Speaker 1: have a sports angle to it because a lot of
Speaker 1: the owners in professional sports, many of the new owners
Speaker 1: are hedge fund people, and this involves the attempt to
Speaker 1: take down some of the hedge funds. And just to
Speaker 1: give you the thumbnail version, that's kind of set this
Speaker 1: up because we are going to be joined. This is
Speaker 1: an interview podcast by a financial guru, well media guru
Speaker 1: who covers finances and all that and has inside inside
Speaker 1: informational throw but it's plugged. Being plugged in would be
Speaker 1: the way to describe it. So if you haven't been
Speaker 1: paying attention and you're completely in the dark on this
Speaker 1: on Wall Street a subreddit, Wall Street bets they started
Speaker 1: this movement investing on game Stop, which is a struggling
Speaker 1: video game retailer, and they roll the price of stock up.
Speaker 1: But that's screwed over the people that were investing in,
Speaker 1: betting it was going to go the other way. It's
Speaker 1: called shorting a stock, is what it's called. And we're
Speaker 1: gonna get into that here. And I think we should
Speaker 1: welcome in now from the Street Live with Jim Kramer.
Speaker 1: You can see her with the Jim Kramer, that crazy
Speaker 1: guy from CNBC. They do a show every morning on
Speaker 1: the Street welcoming Katherine Ross, who joins us here on
Speaker 1: the fifth hour with Ben Maller and guesscon So, Catherine, welcome.
Speaker 1: I think we should start with the term shorting a stock.
Speaker 1: What exactly does that even mean? So to break it down,
Speaker 1: short telling is basically saying that you're looking at a
Speaker 1: company stock, and you're looking at the company, you're saying,
Speaker 1: this company cannot survive. So for fun, let's let's pretend
Speaker 1: that we're trying to invest in sears and we're looking
Speaker 1: at those stock and we're saying, you know, this is
Speaker 1: just gonna they're gonna declare bankruptcy sooner or later. So
Speaker 1: I'm gonna buy x amount of fear shares for five
Speaker 1: dollars from somebody who has um who owns shares, So
Speaker 1: I'm borrowing them and then because I'm betting that it's
Speaker 1: that it's going to fail when that when that share
Speaker 1: goes down, I'm selling it. I'm giving it back to
Speaker 1: the person who owns those shares at a profit. So,
Speaker 1: for example, if I borrowed at five dollars and it
Speaker 1: went down to one dollar, then I get to pocket
Speaker 1: the four dollars. Yeah, yeah, yeah, I know, I know absolutely.
Speaker 1: So you're you're betting on failure, right, That's that's how
Speaker 1: that would work. You're betting on failure. And so this
Speaker 1: this reddit community Wall Street Beats has has gotten or
Speaker 1: bets rather, has gotten a lot of attention here and
Speaker 1: have they essentially at least for a couple of days
Speaker 1: beaten the hedge fund guys at their own at their
Speaker 1: own game. Yeah they did. Um, they were basically able
Speaker 1: to say that we believe in this company. We actually
Speaker 1: think they's a turnaround story. And for full context, this
Speaker 1: comes after one of the cheery co founders not only
Speaker 1: invested heavily in game Stop a while ago, but then
Speaker 1: ended up joining the board and said the heat plans
Speaker 1: to help turn around game Stop. So these guys are
Speaker 1: basically saying, I see this as a turnaround story. The
Speaker 1: hedge funds shorting this stock are wrong, and therefore they
Speaker 1: were able to drive it up because they came and
Speaker 1: drove and when they drove it up, then they forced
Speaker 1: the hedge funds to cover their short positions, which means
Speaker 1: that they have to spend money instead of get money. Yeah,
Speaker 1: and it wasn't just the Reddit, So it was all
Speaker 1: I saw. Elon Musk was in on there, and there's
Speaker 1: some other people, not just some people of high profile.
Speaker 1: Uh So I know Elon Musk is a pretty good
Speaker 1: imprint on social media and all that, So that played
Speaker 1: in He's hasn't he had an issue over the years
Speaker 1: here Catherine with the hedge fund community in general, right
Speaker 1: with Tesla and all that. I remember reading something about
Speaker 1: that a while ago there, So this is a bit personal,
Speaker 1: I would think, yes, perhaps, Yeah, I think what you're
Speaker 1: referring to is maybe a couple of years ago when
Speaker 1: he tweeted out that he wanted to take Tesla private
Speaker 1: at four twenties share. Is that what you're referring to? Yeah,
Speaker 1: And then there was that uproar and then so but
Speaker 1: that aside, though, you know, how what if you were
Speaker 1: to break up the percentage pie Katherine, like, how much
Speaker 1: of what happened the last week on Wall Street was
Speaker 1: the subreddit and how much of it was influenced by
Speaker 1: Elon Musk and a few other people of prominence that were,
Speaker 1: I guess adding fuel to the fire. I'm not even
Speaker 1: a lot of the credit to Wall Street bets Um,
Speaker 1: and I think that when Elon Musk, Canton Winklevoss, and
Speaker 1: Champa Uh joined the prey, they kind of added to it.
Speaker 1: And we definitely saw stock the stock spikes on all
Speaker 1: three occasions. But I definitely think that this really started
Speaker 1: with WSB and their drive to say that a lot
Speaker 1: of them really believe that that there's a turnaround story.
Speaker 1: It wasn't just it became overheated really quickly. But the
Speaker 1: core of it really was that they believe in the stock. Yeah,
Speaker 1: and and reading some of the stories that have come out,
Speaker 1: and you deal in this world all the time, but uh,
Speaker 1: the people say this, this is a revolution, this is
Speaker 1: a revel we've seen this week is not just kind
Speaker 1: of a one off situation against the people on Wall Street.
Speaker 1: Does it rise to that level or is this a
Speaker 1: story that's just a couple of days and then things
Speaker 1: will start to get back to normal, you know, next week.
Speaker 1: So I've been in contact with a lot of the
Speaker 1: community over on WSB and they have assured me that
Speaker 1: this is as you just said, this is a movement
Speaker 1: for them. This is more than just making some money
Speaker 1: off of the trade. And especially now on Thursday we
Speaker 1: saw a bunch of brokerages m restrict buying of these stocks.
Speaker 1: That that message has kind of been reaffirmed that they
Speaker 1: want to really, in their words, take it to Wall Street.
Speaker 1: They think that Wall Street doesn't in their in their eyes,
Speaker 1: that they that Wall Street doesn't seem to care about
Speaker 1: the retail invector. Whether that's right or wrong, that's up
Speaker 1: for debate, but that is their view. Yeah, and you
Speaker 1: brought up the I'm on I'm on robin Hood. Uh,
Speaker 1: you know, I play around there a little bit. But
Speaker 1: for them to take and I guess some of the
Speaker 1: other day trading apps took uh the stocks that they
Speaker 1: were betting on on the on the subreddit, they took
Speaker 1: them off. So how much damage do you think that's
Speaker 1: gonna do it to robin Hood, which is thriving right now,
Speaker 1: that when things get a little crazy, they's gonna not
Speaker 1: allow you to purchase the stock. I would think that's
Speaker 1: that's gonna do some damage to their business model. How
Speaker 1: do you think that plays out? Oh, it's gonna It's
Speaker 1: definitely gonna do damage. I mean, I've been assured by
Speaker 1: many that they're leaving robin Hood as soon as they can. Um.
Speaker 1: The other interesting thing actually is that robin Hood plans
Speaker 1: to go public, and so this is I'm sure that
Speaker 1: right now they're very happy they're a private company, but
Speaker 1: going forward, this has really hurt consumer trust in robin Hood,
Speaker 1: and therefore I could see them having some trouble with
Speaker 1: the I p O. Catherine. When you when you look
Speaker 1: at this, and I know you you're talking about the
Speaker 1: community with Wall Street bets and you've been in contact
Speaker 1: with those people throughout the week. What about on the
Speaker 1: opposing side. I mean, don't some of these people, the
Speaker 1: people that are up and above us, like, don't they
Speaker 1: understand the gravity of this situation given the fact that
Speaker 1: one we're in a pandemic and two there's all kinds
Speaker 1: of people in this country that are at home and
Speaker 1: have nothing else to do, and then just got six
Speaker 1: dollars from the government. I think that's definitely part of it.
Speaker 1: I think that they're Wall Street that's really struggled at
Speaker 1: the beginning to makes this known as being seen as
Speaker 1: a serious thing. And then when it when they were
Speaker 1: able to drive the stock price up so much, suddenly
Speaker 1: there was like a panic and there is a lot
Speaker 1: of worry on Wall Street of the traditional power structure
Speaker 1: being upset. And I think that that's kind of why
Speaker 1: you're seeing what could be construed as a class back right.
Speaker 1: And I was gonna say with regards to that too,
Speaker 1: because now you're trying to pick up the pieces of
Speaker 1: where this shutdown was coming from. Who called it? Is
Speaker 1: it Robin Hood or is it someone else? But on
Speaker 1: Thursday there were reports that Treasury Secretary Jett Yelling had
Speaker 1: received over eight hundred thousand dollars in speaking fees, and
Speaker 1: that came from Citadel, which is a hedge fund company
Speaker 1: founded by Ken Griffin. So like that influence is there
Speaker 1: from somebody deep down? Like where does this come from?
Speaker 1: Because we've seen the class action lawsuits on Thursday? Like,
Speaker 1: how does this? How does this play out? How do
Speaker 1: you see it? I think that there's going to be
Speaker 1: a lot of back and forth and pointing fingers. I
Speaker 1: saw an interview with Andrew rost or Kin of CNBCS
Speaker 1: who basically said that this he worries that when this,
Speaker 1: when the dust settles here, we're going to see everyone
Speaker 1: pointing fingers at one another. And I believe that to
Speaker 1: be the case. I think that no one trust each
Speaker 1: other right now, and it's very divided. What I think
Speaker 1: will happen now because of the action that we've seen
Speaker 1: on Thursday, is that we're going to see more regulation
Speaker 1: of these online brokerages, because the question now is being
Speaker 1: raised by both Democrats and Republicans. Is it okay for
Speaker 1: them to be able to restrict buying of stocks? You
Speaker 1: know that? Is that fair to the to a free market? Yeah?
Speaker 1: I mean because we've gone through, We've gone through days,
Speaker 1: weeks and months now about what you can and what
Speaker 1: you can't tweet, what you can you can't post on
Speaker 1: social media, whether it's YouTube, Facebook, whatever it is. And now,
Speaker 1: if you're gonna have these restrictions on how you can trade,
Speaker 1: whether it's shorting or buying these options, what's next? Yeah,
Speaker 1: I mean that's the ultimate question, is it there? The
Speaker 1: The argument for the online brokerages does make sense, and
Speaker 1: it's when you just look at it and it's black
Speaker 1: and white. These brokerages are trying to protect themselves. They're
Speaker 1: worried that and they're trying to protect the consumer. They
Speaker 1: seeing this volatility, and they're worried that people who are
Speaker 1: not they they're all well enough known around won't they
Speaker 1: don't know enough that they could really hurt themselves if
Speaker 1: they continue to trade such volatile stocks. That makes sense.
Speaker 1: They also don't want to get sued. That also makes sense.
Speaker 1: The issue then is do you have a right to
Speaker 1: tell someone that they can't trade that stock or do
Speaker 1: you try to educate them better? You know, instead of allowing,
Speaker 1: for example, Margin calls it out of highood alatail stock,
Speaker 1: do you force them do you somehow educate them before
Speaker 1: they make these decisions. And I would be the question,
Speaker 1: and I have a tough time with that because the
Speaker 1: instant pushback for me, and you heard it throughout the week,
Speaker 1: is that you have people they're treating the stock market
Speaker 1: like a casino. Well, when you go into a casino,
Speaker 1: you have no parachute. I mean, you go in there,
Speaker 1: there's there's some disclosures, there's some things that you warn
Speaker 1: you about for you know, gambling for gamblers, anonymous and whatnot,
Speaker 1: if you have a gambling problem. But once you go in,
Speaker 1: you lay down the money. It's it's there, it's there
Speaker 1: for the taking. So like I don't I don't fully
Speaker 1: comprehend that nature of saying, well, we need to regulate,
Speaker 1: we need to inform and educate. I mean, that's that's
Speaker 1: part of who you are. It's part of who we
Speaker 1: are as as adults. We have free random use our
Speaker 1: money as we choose. No, I mean I would personally,
Speaker 1: as a journalist agree with you. I would say that
Speaker 1: there should be tools in place that if you, for example,
Speaker 1: if you're going to allow people to um buy margins,
Speaker 1: then what you should be doing is for some take
Speaker 1: an education course or something of the sword before you
Speaker 1: really allow them to dive deep into the technical part
Speaker 1: of that. But if they're looking to buy a stock,
Speaker 1: what what better way to get people into the market.
Speaker 1: And I think that this overall based on the conversation
Speaker 1: as I've had with the younger investors who have recently
Speaker 1: gotten in via Robin Hood, Um, they really feel like
Speaker 1: there's no trust anymore. Yeah, it is interesting. I mean,
Speaker 1: you brought the average investor the person used like Robin
Speaker 1: Hood and things like that. But back a few years ago,
Speaker 1: I remember when these things, these apps came around and
Speaker 1: they were like talking about how excited everyone was on
Speaker 1: Wall Street because they were gonna draw in the average investor,
Speaker 1: I guess, to get their money. But is this a
Speaker 1: cautionary tale? This this subreddit where the savvy veterans got
Speaker 1: played here at their You know, they thought they were
Speaker 1: going to get all this extra money, and maybe they
Speaker 1: still will in the end, but you know, right now,
Speaker 1: they're not looking so good right now, I think so.
Speaker 1: I think that this is definitely kind of a wake
Speaker 1: up call that there are retail investors who are really
Speaker 1: interested in the market, and they're not only interested in
Speaker 1: investing in companies that they believe in. They also feel
Speaker 1: that they need to for right or for better or worse,
Speaker 1: they feel like they need to target these hedge funds
Speaker 1: who are heavily shorting these companies. How long have you
Speaker 1: been in the game, Katherine? Has it been been a while?
Speaker 1: It's been about three years. I got to imagine this
Speaker 1: time and everything going on in the world, but with
Speaker 1: the president and President Trump and twenty six and now
Speaker 1: this this has got to be discovered some of the
Speaker 1: stuff that that journalists like yourself dream about, right, I
Speaker 1: completely agree there. I mean, yes, it's it's been quite
Speaker 1: a ride. I'm really proud to be a journalist in
Speaker 1: this moment of history. I know that you know, mainstream
Speaker 1: media gets a lot of um negative attention, But I
Speaker 1: think that what I try to bring and as a
Speaker 1: journalist is just to try to get everyone a voice.
Speaker 1: And I think that's being able to quick cover stories
Speaker 1: that we've been covering in the past couple of years.
Speaker 1: As you said, the President Trump now President by now
Speaker 1: Will Street bets. I really hope that I can bring
Speaker 1: a voice to everyone. So being in the industry, now,
Speaker 1: what's it like because you work you work with Jim
Speaker 1: Kramer on the regular. Right. Yeah, we host the daily
Speaker 1: show UM the Street LIVEE with Jim Cramer and Kathin
Speaker 1: Ross at time three am every day. So what's it
Speaker 1: like working for Jim. Jim is awesome. He is very
Speaker 1: I didn't know what to expect when I first started
Speaker 1: working at the Street UM and he had one day
Speaker 1: just come up to me and I was just a
Speaker 1: breaking news reporter at the time, and he said, I
Speaker 1: walked you on camera and I was like, Okay, I
Speaker 1: think that you've got the wrong person, but he was like, no,
Speaker 1: you're really talented. And so we started doing videos together
Speaker 1: and he is exactly how he is on camera. Very excitable, UM,
Speaker 1: incredibly smart, great to work with and he just genuinely cares.
Speaker 1: Like We'll be walking down the street in the normal
Speaker 1: times and we're together and fans will come up and
Speaker 1: he will stop and take selfies with every single one
Speaker 1: of them. He is that like the guy interesting. Hey.
Speaker 1: As far as back to the story with game Stop
Speaker 1: and all this, like we've seen, I think it was
Speaker 1: a the subredd it's as we're doing this in real time,
Speaker 1: is still up. But uh, there are some other things
Speaker 1: that have been taken down on the Internet related to this, So, uh,
Speaker 1: how long does this subred at last? Are they Are
Speaker 1: they going to be shut down or the people from
Speaker 1: Wall street and what's your your guestimate on how how
Speaker 1: much life this subreddit has because we do live in
Speaker 1: the age of cancel culture, So are they going to
Speaker 1: be canceled wall Street Bets That's a great question. I
Speaker 1: actually think that even if, as we saw Wednesday night,
Speaker 1: even if people try to shut them down, they're going
Speaker 1: to come back. So immediately after um they were kicked
Speaker 1: off Wall Street Bets was kicked off of Discord, I
Speaker 1: believe I started getting d ms on Twitter from Wall
Speaker 1: Street bets um members who were sending me their Discord
Speaker 1: links and saying like, we're now on this channel. So
Speaker 1: I think that they're really focused on coming back. They're
Speaker 1: very united um and more more than just you know,
Speaker 1: trying to put together a short squeeze on game stop.
Speaker 1: The one thing that people don't really see about Wall
Speaker 1: Street Facts is that it's actually like an investing community
Speaker 1: where they really build each other up. I've ben't said
Speaker 1: so many posts about like people learning how to invest
Speaker 1: and other members will walk them through it, or they'll
Speaker 1: say you know, like I just made X amount of
Speaker 1: money on this investment and now I can pay off
Speaker 1: my parents mortgage. Like it's it's actually a really really
Speaker 1: nice community when you just get past kind of like
Speaker 1: the craft words that they tend to use. Yeah, And
Speaker 1: I was also I was reading a story somewhere about
Speaker 1: the reason they targeted game Stop and a couple of
Speaker 1: these other companies is because was it the hedge fund? Actually,
Speaker 1: most of these hedge funds, from what I was reading,
Speaker 1: do not announce their intentions, meaning that you know, there
Speaker 1: are ways to avoid getting the information out on who
Speaker 1: you're in, which stocks you're shorting. And for some reason,
Speaker 1: I guess because of transparity, which is transparity which is good,
Speaker 1: they actually let it out that they were shorting this
Speaker 1: stock and that's why the game Stop was target Is
Speaker 1: that Is that? Am I reading that right? Is that?
Speaker 1: Does that mean it's going to continue the one the
Speaker 1: way it's been going here or just have a little
Speaker 1: bit dip your toe in the water, but don't jump in. Okay, Okay,
Speaker 1: I think that bitcoin is here to say so I
Speaker 1: think that what's going to happen is that we periodically
Speaker 1: see these dips in it and I think right now
Speaker 1: a lot of the momentum that it had for going
Speaker 1: down actually was kind of put off by this all
Speaker 1: this game stock as games top sorry, game stop news. Um.
Speaker 1: So I I could see the argument that it's not
Speaker 1: only here to say, but it will come back to
Speaker 1: maybe close to the levels that it's that. I think
Speaker 1: the selloff that we saw, what was that like a
Speaker 1: month ago? I'm beginning to lose track of time here. Um,
Speaker 1: I believe it off that we saw like a month
Speaker 1: ago or so was you just for the fact that
Speaker 1: it was hitting all time his and and it's normal
Speaker 1: for investors to take profit, you have to think about
Speaker 1: a little bit like a sock. Yeah. As far as
Speaker 1: what's what's next, we'll we'll try to become the great
Speaker 1: Nostrodamis and predict what's gonna happen. So my gut tells
Speaker 1: me that we're going to see Congress get involved, like
Speaker 1: they'll be hearings on Capitol Hill over what has happened. Uh, Ultimately,
Speaker 1: what do you think is gonna you know, I know
Speaker 1: you you touched on it earlier, But what do you
Speaker 1: think comes out of this? I would imagine more regulations
Speaker 1: and more more red tape. But how far does this
Speaker 1: thing go? You definitely see more regulations or red tape,
Speaker 1: as you just mentioned. I think that there's gonna be
Speaker 1: a lot of questions brought up. I mean what you
Speaker 1: mentioned at the beginning of us talking with with the
Speaker 1: questions around canter silence people? You know that that is
Speaker 1: to a certain extent applicable in this sense of can
Speaker 1: investors have their investments, how are taken away from them
Speaker 1: at a certain regard um. So there's gonna be a
Speaker 1: lot of back and forth. But I think that this
Speaker 1: might be the one time that we really see Democrats
Speaker 1: and Republicans united, at least that we've seen so far
Speaker 1: this year, and that there needs to be more regulation
Speaker 1: on a very heavily regulated space, just because online broker
Speaker 1: does have opened up so many doors, especially now that
Speaker 1: there's commission free. When that kind of came into play
Speaker 1: two a year ago, two years ago, there there were
Speaker 1: a whole there was a lot of speculation that this
Speaker 1: is going to change the way that we invest forever,
Speaker 1: but there wasn't necessarily a task to show how. And
Speaker 1: I think that this incident shows that this will change
Speaker 1: the way that retail investors are approaching the market. So Katherine,
Speaker 1: this is we've always heard of insider trading and that's
Speaker 1: your taboo and you get in trouble for that. But
Speaker 1: this is the reddit. This like I was on there
Speaker 1: on the Wall Street bet subreddit and it's just like
Speaker 1: seems like regular people. I don't know, you never know.
Speaker 1: It's the internet. You could at least people could have
Speaker 1: been information. But it seems like it's this would be
Speaker 1: outsider trading, right, It's not insider trade. These are people
Speaker 1: on the outside that are that that that have figured
Speaker 1: out the cheat code here. That's my read on it too.
Speaker 1: When this first started happening, one of the questions that
Speaker 1: I kept asking, I know a lot of finance journalists
Speaker 1: kept asking, was is this market manipulation? And the short
Speaker 1: answer is, if you want to look at just what
Speaker 1: the definition of market manipulation is technically, if that would
Speaker 1: be a yes. But they're not, from my viewpoint, doing
Speaker 1: anything illegal. So what's wrong with having a bunch of
Speaker 1: people decide we want to go in on this stock?
Speaker 1: Is there is there any different than what we see
Speaker 1: from hedge funds and other institutional investors. I mean, that's
Speaker 1: that's a question that have to be asked, Catherine, what's
Speaker 1: the uh? I guess what's next on the horizon for
Speaker 1: for you guys, And obviously I don't know how long
Speaker 1: this thing will be, But like, what else are you
Speaker 1: guys monitoring at the moment right now? Or has it
Speaker 1: just been the frenzy on on Reddit? I've been kind
Speaker 1: of side tracked with the frenzy on Reddit. But next
Speaker 1: is definitely what's going to happen with the stimulus package
Speaker 1: because those stimulus checks, if we do get those checks,
Speaker 1: what are these redd inventors going to be doing? Or
Speaker 1: if I could say whether or not it's first or not?
Speaker 1: And in doing this every day, what's the what's the
Speaker 1: read you get from the people you talk to? And
Speaker 1: obviously uh Cramer and whatnot about the Joe Biden presidency.
Speaker 1: I know there were people concerned when the election was
Speaker 1: going on. With Trump wins, it will be better for
Speaker 1: the stock market if Biden wins, not so much. Does
Speaker 1: it really matter though who the president is? I mean,
Speaker 1: I feel like the stock markets is such a big monster,
Speaker 1: it's almost beyond that. But but what are you hearing
Speaker 1: on the changes coming with the new president? So honestly,
Speaker 1: the Stoctwak has kind of shown us so far that
Speaker 1: it doesn't care. The tradition there is that Wall Street
Speaker 1: loves gridlock. They want to see political gridlocks. But when
Speaker 1: we saw the runoffs in Georgia back in UM early January,
Speaker 1: Well Street loved it. Well Street took it in stride.
Speaker 1: The two Democrats had taken those seats and therefore had
Speaker 1: a majority. And I think that we're just going to
Speaker 1: continue to see investors put money into the market because
Speaker 1: they like the fact that a tweet can't send the
Speaker 1: downs down UM and that is really going to change
Speaker 1: the kind of name of the game that we've seen
Speaker 1: for the past four years. Awesome. And so Kavin, how
Speaker 1: can people find you on Twitter? And we'll put this
Speaker 1: all on the podcast, the page and whatnot. But you're
Speaker 1: on the Street Live with Jim Kramer every day right
Speaker 1: Monday through Friday. There every day, all right. You can
Speaker 1: find us over on the Street dot Com. My Twitter
Speaker 1: handle is at by Katherine Ross with a K and
Speaker 1: I'm the same thing on Instagram. Awesome. Thank you so
Speaker 1: much for your appreciate it. Thank you guys for having me.
Speaker 1: Be sure to catch live editions of the Ben Maller
Speaker 1: Show weekdays at two am Eastern eleven p m. Pacific,