RUSH TRANSCRIPT Liz folks ░░░░░░░░ need to call an ░░░░░░░░ we see the NASDAQ ░░░░░░░░ have just hit session ░░░░░░░░ down about 419 points ░░░░░░░░ we just blew through ░░░░░░░░ floor of they re ░░░░░░░░ low it had been ░░░░░░░░ 644 now were down ░░░░░░░░ for the session lows ░░░░░░░░ we are seeing all ░░░░░░░░ of crazy blasting right ░░░░░░░░ across the investment landscape ░░░░░░░░ us bring in the ░░░░░░░░ show traders at the ░░░░░░░░ we have teddy weisberg ░░░░░░░░ not to mention the ░░░░░░░░ were seen Microsoft hitting ░░░░░░░░ all time high after ░░░░░░░░ earnings resulting guidance but ░░░░░░░░ does not seem to ░░░░░░░░ enough to offset Boeing ░░░░░░░░ Ryan who is joining ░░░░░░░░ what the volatility index ░░░░░░░░ doing can we show ░░░░░░░░ volatility at the moment ░░░░░░░░ spiking more than 32 ░░░░░░░░ the moment so we ░░░░░░░░ the fear trade now ░░░░░░░░ is up 46 last ░░░░░░░░ looked it was 35 ░░░░░░░░ have the bull raid ░░░░░░░░ squeeze whatever as Jake ░░░░░░░░ would say on TikTok ░░░░░░░░ what is going on ░░░░░░░░ have been decades long ░░░░░░░░ Tell me what you ░░░░░░░░ As if the lunatics ░░░░░░░░ running the asylum there ░░░░░░░░ so many crosscurrents there ░░░░░░░░ well could be fundamental ░░░░░░░░ and perhaps the market ░░░░░░░░ ahead of itself the ░░░░░░░░ in the administration and ░░░░░░░░ a lot of the ░░░░░░░░ legislation that he put ░░░░░░░░ place and rules are ░░░░░░░░ reversed all of which ░░░░░░░░ maybe not directly stock ░░░░░░░░ friendly but collectively stock ░░░░░░░░ friendly and these dramatic ░░░░░░░░ we have seen over ░░░░░░░░ over again certainly and ░░░░░░░░ some odd years I ░░░░░░░░ been doing this it ░░░░░░░░ fails always different names ░░░░░░░░ always the same psychology ░░░░░░░░ for most folks it ░░░░░░░░ of indicates we are ░░░░░░░░ to the end than ░░░░░░░░ beginning when this speculative ░░░░░░░░ run so strong Liz ░░░░░░░░ give me your sense ░░░░░░░░ what is going on ░░░░░░░░ is there a way ░░░░░░░░ enter the crazy not ░░░░░░░░ into the get crazy ░░░░░░░░ situation but we can ░░░░░░░░ up different names we ░░░░░░░░ digging in the 2 ░░░░░░░░ people inside the reddit ░░░░░░░░ called Wall Street that ░░░░░░░░ new targets they re ░░░░░░░░ to see which names ░░░░░░░░ the most heavily shorted ░░░░░░░░ then there trying to ░░░░░░░░ those stocks up to ░░░░░░░░ the short sellers that ░░░░░░░░ names like nokia beside ░░░░░░░░ gamestop in amc I ░░░░░░░░ is a new name ░░░░░░░░ one is jumping 18 ░░░░░░░░ can see what amc ░░░░░░░░ doing is spiking tripled ░░░░░░░░ percentages Virgin galactic s ░░░░░░░░ s just take you ░░░░░░░░ to get in there ░░░░░░░░ dabble is there is ░░░░░░░░ way Everything you say ░░░░░░░░ like a casino from ░░░░░░░░ I m standing at ░░░░░░░░ point you have to ░░░░░░░░ at basically the hedge ░░░░░░░░ managers have made a ░░░░░░░░ that against lobby stocks ░░░░░░░░ I was on venice ░░░░░░░░ in one of these ░░░░░░░░ guys was telling me ░░░░░░░░ gamestop which I wish ░░░░░░░░ would ve done it ░░░░░░░░ its up 200 I ░░░░░░░░ ve taken that trade ░░░░░░░░ I think the bottom ░░░░░░░░ the question the hedge ░░░░░░░░ manager smarter than 70 ░░░░░░░░ the reddit chat yet ░░░░░░░░ on both sides and ░░░░░░░░ only difference at least ░░░░░░░░ reddit you re not ░░░░░░░░ to in 20 to ░░░░░░░░ your money basically bedded ░░░░░░░░ like a casino and ░░░░░░░░ I go to Atlantic ░░░░░░░░ I get free drinks ░░░░░░░░ I say stay away ░░░░░░░░ this market completely Free ░░░░░░░░ down drinks depending on ░░░░░░░░ casino There are ways ░░░░░░░░ could take it vantage ░░░░░░░░ this volatility you can ░░░░░░░░ exchange stocks which we ░░░░░░░░ to own but you ░░░░░░░░ also own a little ░░░░░░░░ known as virtue the ░░░░░░░░ that a lot of ░░░░░░░░ firms trade with So ░░░░░░░░ are stocks that you ░░░░░░░░ buy that basically benefit ░░░░░░░░ all of the volatility ░░░░░░░░ is not a complete ░░░░░░░░ way street and there ░░░░░░░░ ways to make money ░░░░░░░░ other people s trading ░░░░░░░░ the overall market volatility ░░░░░░░░ interesting both of those ░░░░░░░░ are moving higher and ░░░░░░░░ would ve thought cme ░░░░░░░░ they are the largest ░░░░░░░░ for futures trading they ░░░░░░░░ down 3 The exchange ░░░░░░░░ there is NASDAQ cme ░░░░░░░░ number of different ways ░░░░░░░░ play and we happen ░░░░░░░░ own ice but there ░░░░░░░░ other ways to approach ░░░░░░░░ Liz let me say ░░░░░░░░ now were down nearly ░░░░░░░░ points for the dow ░░░░░░░░ industrial that would be ░░░░░░░░ loss of two and ░░░░░░░░ quarter Mr Payne let ░░░░░░░░ ask you specifically when ░░░░░░░░ are watching what is ░░░░░░░░ on you walk into ░░░░░░░░ casino and teddy says ░░░░░░░░ inmates are running the ░░░░░░░░ maybe the asylum has ░░░░░░░░ run too long by ░░░░░░░░ Wall Street bigwigs that ░░░░░░░░ what these reddit retail ░░░░░░░░ would say and when ░░░░░░░░ called the reddit rascals ░░░░░░░░ s with a wink ░░░░░░░░ a nod and not ░░░░░░░░ that with a negative ░░░░░░░░ any way shape or ░░░░░░░░ I m saying maybe ░░░░░░░░ m not quite to ░░░░░░░░ it anymore from the ░░░░░░░░ I would not go ░░░░░░░░ deep I think what ░░░░░░░░ really comes down to ░░░░░░░░ that government has created ░░░░░░░░ of cash and if ░░░░░░░░ look at what s ░░░░░░░░ in money market funds ░░░░░░░░ 4 3 trillion money ░░░░░░░░ of 27 That is ░░░░░░░░ most important years When ░░░░░░░░ have a lot of ░░░░░░░░ with a lot of ░░░░░░░░ on their hands and ░░░░░░░░ have trading platforms like ░░░░░░░░ you re really essentially ░░░░░░░░ the floodgates to create ░░░░░░░░ and trade I have ░░░░░░░░ think regardless you re ░░░░░░░░ hedge fund manager or ░░░░░░░░ of the nude or ░░░░░░░░ debts that s in ░░░░░░░░ chat room that it ░░░░░░░░ not indwell When it ░░░░░░░░ down to the return ░░░░░░░░ capital when you have ░░░░░░░░ scarcity that s typically ░░░░░░░░ you get the best ░░░░░░░░ over time When you ░░░░░░░░ tons of money pouring ░░░░░░░░ the same thing we ░░░░░░░░ historically it does not ░░░░░░░░ you get the 99 ░░░░░░░░ tech bubble when outburst ░░░░░░░░ did not indwell in ░░░░░░░░ seen a repeat of ░░░░░░░░ right now Liz I ░░░░░░░░ checking gamestop the low ░░░░░░░░ the year the past ░░░░░░░░ weeks 2 57 trading ░░░░░░░░ 334 folks just take ░░░░░░░░ profit that is all ░░░░░░░░ saying so you don ░░░░░░░░ get caught holding the ░░░░░░░░ Great to see you ░░░░░░░░ you so very much ░░░░░░░░ the data we are ░░░░░░░░ 702 point you wanted ░░░░░░░░ selloff to get in ░░░░░░░░ looking at one right ░░░░░░░░ Coming up game over ░░░░░░░░ breaks it on why ░░░░░░░░ bull rave could be ░░░░░░░░ sooner than anyone might ░░░░░░░░ Beauty and makeup fanatics ░░░░░░░░ in graduate school when ░░░░░░░░ young entrepreneur made a ░░░░░░░░ before her class about ░░░░░░░░ he was planning to ░░░░░░░░ the world with e ░░░░░░░░ by selling books online ░░░░░░░░ speaker Jeff Bezos of ░░░░░░░░ that was 1997 two ░░░░░░░░ later she said I ░░░░░░░░ inspired to launch blue ░░░░░░░░ for all things luxury ░░░░░░░░ That is over 20 ░░░░░░░░ and she has close ░░░░░░░░ 200 locations sold and ░░░░░░░░ s dropped the U ░░░░░░░░ and carries hundreds of ░░░░░░░░ of makeup and beauty ░░░░░░░░ how did she do ░░░░░░░░ and what about that ░░░░░░░░ where she thought she ░░░░░░░░ going to go bankrupt ░░░░░░░░ have to hear her ░░░░░░░░ story my new episode ░░░░░░░░ my Podcast available on ░░░░░░░░ spotify Google closing bell ░░░░░░░░ minutes away it is ░░░░░░░░ very fluid situation right ░░░░░░░░ we have the 10 ░░░░░░░░ yield moving higher in ░░░░░░░░ transports down 353 point ░░░░░░░░ big selloff at the ░░░░░░░░ how will this end ░░░░░░░░ breaks it next.