Comments
Transcript
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BBIf were in a bubble now wait till Biden pushes out another $1400 of funny money for the masses to gamble with.
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PW"and when people .......people that have no business making gobs of money..... that's a sign right there" WOW...... I guess the "paper boy" is talking about me again :D Should I apologise to someone for getting rich........ I was unaware that I had to ask for someone's permission........God ..... I'm such a nube at this.......
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LAZnga here we come! Epic show-thank u!
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ssI always listen when Tommy is on. His viewpoint is gold.
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LLI got in on AMC at 2.50 a share lmao
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DGAre you still shorting TSLA, if not when did you cover that trade? And when you say you are short, is that always with put options with limited risk?
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BTThe bubble talk is just about everywhere. Was there this much bubble talk in before 2000? How about before GFC? Looking for comparisons.
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APTom, Ash....timed this convo to perfection...or so it appears.
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JJGreat show, great commentary. Tom is terrific.
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TCThis was probably the Best interview with Tommy ever. I would still love to understand how you can short more than the outstanding float, aka a naked short. Maybe things are getting mischaracterized?
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DAQuestion for Mr Thornton: Are the tips you sell in your newsletter morally any different to people collectively coming up with a trade idea on Reddit? Aren't they just looking to exploit imbalances like the rest of us?
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SBLove listening to Thomas Thornton. He is so kind and humble.
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sjLooking at this mania in some parts of stock market, BTC looks like a saint.
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TGbest in the business Tom Thornton.
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VSDouchy
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MSwildest daily briefing by far.....
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MNTom I'm glad to hear you cried for your buddy the hedge fund manager. Ash, Please bring Tom back to talk about his put spread on $GME for educational purposes.
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NFWeak guest. Consensus rehash.
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PW"Reddit could shut them down" ha ha ha........ this is the whole point of reddit .....ya muppit
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PWThe Anarchists have taken over wall street........ and the establishment are MAD as hell...... :D
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ILGreat video! Tom is a very interesting guest. Thanks a lot!
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AKFor a chance, i agree with cramer - there is nothing illegal these guys are doing. If regulators shut them down, there are a lot of things they will need to shut down! C'mon - all those hedge funders selling their book on financial news networks, tweets etc??? How different are they?
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AKYes "bubble" talk seems to be coming up every where. As long as the Fed is doing what it is doing (and said will continue to?), why blame investors when any such 'pop' in a bubble is nothing but a buy the dip opportunity? The Fed always cleans up the mess when equities drop 10-15% in a quick fashion i.e the 'Fed' put is a moving strike. Why would it be different this time?
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MHisn't coordinated group of overzealous 20-something traders jamming prices around shaking out counterparties normally called a proprietary trading desk?
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JCSo you got on the wrong side of a trade? Move on, stop whining
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VNI clearly don't understand gamma squeeze. Thomas just said, dealer sells call options and has to buy a proportion of the stock, as it goes up, he buys more. I saw Chamath bought 50 GME calls. Why did some dealer have to sell him GME calls and be forced to hedge? Why not just be the exchange and if there's another party willing to take Chamath's change now and risk on Friday be done. What am I missing?
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TTThe kids that made a lot of money on GME are no different to Tommy. Go to Reddit and read the original comments (from last year), not the newcomers who just jumped on the idea in the last few days. They put the trade idea together months ago, shared it openly, and it's now paying off big time for them.
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JPI think it would be great if rv did a quick video on how over 100% of a float can be short and where one can get the closest to real-time data on this metric/ how accurate it is.
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JF*Best*RVDB*EVER*. so many lols... "PEOPLE THIS IS NOT NORMAL!!!" .......Watching Zillow...I just had to say....dang. (Ash this is where you say "ah we're gonna have to bleep that part out.." lol
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DGI don't think this market will "fade," whatever that means. A controlled burn will swiftly be met with dip buyers, who will have to see a lower high of the broad markets and a sharp rollover. For euphoria to suddenly shift, this thing has to hit a brick wall, like 100 mph to Zero, in zero seconds flat. Instadeath! You are going to have to start the day hitting circuit breakers on the open. nothing less will scare this market.
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BCGreat video. One thing not mentioned, as far as I heard, the government is sending money printed out of thin air so millions of people. Should I repeat that? [Ash, still missing the file cabinet(s).]
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CTThomas Thornton was hilarious. Incredibly funny guy.
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BCAt minute 9 Ash mentions the oblique nature of sudden regulations. In the same sentence he mentions...currencies. And how suddenly it can go against you. My first thought related to currencies and regulation was bitcoin.
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DPReally enjoyed watching Tommy trying to come to terms with this insanity in real time.
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skTommy is so chill.
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MDI love it - Tom giving the r/wsb crowds some real trading ammo.
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JMI have a Real Vision Circle of Ten, just my silly little way of expressing my 10 favorite RV regulars. Tommy is in it, obviously.
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SM'ape sh*t crazy'. That sums it up well! Great interview; love the humility! I remember the dotcom bubble burst and guys I worked with we're margined to the hilt and receiving margin calls from their broker in the am and having to sell their cars and other assets that afternoon to cover.
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JAI don't know about the ol' wave 5. CNBC and Bloomberg are constantly talking bubble. Almost every financial podcast is talking bubbles. I think you're too soon.
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RCThe live reaction to GME / Elon after hours was priceless!
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MCI thoroughly enjoyed today's RVDB. Was entertaining and useful for us newbs...take profits. Wise advice. Thanks Tommy and RVDB crew.
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JFalso suprised not to hear about the heavy calls on NOK
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WMSo much about this bubble reminds me of the Internet bubble.... incl. the wild and crazy short squeezes on little crappy companies etc. And now with much better and more universal internet access plus virtually zero trading costs this was inevitable. But as Marty Zweig would also say, "Don't fight the Fed" .... and maybe they don't want this bubble....but they want even less for this bubble to pop.... So something else will have to do that job - probably something almost nobody can see right now. Or maybe the cure for high prices is high prices to use a Rick Rule phrase...
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JFAlso the Elliot Wave explanation was the best I've ever heard. #solid
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NLthank you team.
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PWThis is what happens when the fed injects $3T into the system and it gets plowed into assets. The hedge funds crying for fed intervention back in March on CNBC brought this upon themselves. I feel no sympathy.
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DNHedgeye says it's quad 2 gogoogogogogogogo
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MCMarty Zweig (who called the 87 crash) did a bit of history in his book "Winning on Wall Street" Bear markets from 1929-1987 occurred on an average of every 3 1/2 year, lasting 18 months. His conditions for a bear market were: 1) Inverted yield curve (had that) 2)Extreme deflation (had/have that) 3) Ultrahigh P/E (have despite all the jiggering with "earnings", I think Zweig was saying extreme overvaluation so got that) Worst bear market in history had all 3 conditions, 1929-32, -89% DJIA When 2 of 3 conditions exist, average -38.5% DJIA Zweig used various signals to make his calls. We shall see whether we have a garden variety correction or something more. Does Tommy have any downside forecast when/if things revert? I like Tommy's humility and insight compared to another trader who is from the Church of What's Working Now...lol Thanks Ash and Tommy, GREAT show!
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GHThe past 20 years have seen the financialization and commodification of EVERYTHING. With all due respect, what the heck did Wall Street expect — that they wouldn’t get bitten? After bail-outs, tax cuts, and “too big to fail,” the hedge fundies are lucky they get to escape with just some losses.
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CRFirst off you don't need margin to trade out right puts or calls. Also, buy options requires 100%
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LSWasn't naievety. It was arrogance. Dirty Asian country never happen in our superior country. I've been living in China 5 years so is easy to watch the biases