106 - Wall Street, Game Stop and the Short Squeeze Revolutionaries!

The David McWilliams Podcast

David McWilliams

News & Politics

4.6 • 643 Ratings

🗓️ 2 February 2021

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

Something unusual is happening in the stock market: the little guy - or in this case, guys - are beating up the big multi-billionaire hedge-fund managers. This is in stark contrast to the usual market hegemony and might signal a deep change: the little guy is slowly recognizing their power in numbers. If short selling, margin calls, put options, short squeezes are all Double Dutch to you, fret now we have you covered. Join us as we explain it all with Twitter comedy sensation Avalon Penrose & the markets editor of the Financial Times, Katie Martin

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Transcript

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0:00.0	How did the dog sneak out?
0:02.4	When did that parcel vanish?
0:04.8	Who was outside last night?
0:07.4	Arlo doesn't miss a thing.
0:09.8	From 4K cameras to powerful AI detection,
0:13.5	Arlo makes a watched over space, a safer space.
0:17.6	Arlo, 10 years of innovation in one powerful security system.
0:25.8	Find out more and get conditions at arlo.com.
0:34.7	What in the world is happening on Wall Street?
0:37.1	Economic indicators. Who knows where this is going on Wall Street? Economic indicators.
0:38.7	Who knows where this is going to end up?
0:40.7	To understand the economy, you have to understand human nature.
0:46.8	This podcast is powered by ACAST.
0:52.6	How you're doing there?
0:54.0	It's David. A Filthy day in Dublin. The waves coming in over Dunleary
0:59.6	Pier extraordinary. Easterly wind, John, my friend. Easterly wind. Always the chilliest.
1:05.9	The waves are brilliant out there. Has an amazing week John what's going on in
1:11.5	America in financial markets our patron site is coming down with people saying please
1:16.8	tell us what's going on what's your take on this this is the most significant disruption
1:22.0	of financial markets that I have ever witnessed and I've been playing this game for a long
1:27.4	time but even compared to 2008 oh yes because 2008 markets that I have ever witnessed. And I've been playing this game for a long time.
1:27.8	But even compared to 2008.
	...

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