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RiskReversal Pod

Bonus Episode: “This is the Business We’ve Chosen” with Sahil Bloom

RiskReversal Pod

RiskReversal Media

Investing, Business News, News, Business

4.7836 Ratings

🗓️ 2 February 2021

⏱️ 25 minutes

🧾️ Download transcript

Summary

In a bonus episode of On The Tape, Guy Adami and Dan Nathan talk more about the volatility in GameStop, silver and these “meme” stocks and assets. The co-hosts catch up with Sahil Bloom, discussing his latest tweet thread on the silver market and the importance of financial literacy. Shoot us an email at contact@riskreversal.com with any feedback, questions, or suggestions going forward and follow us @OnTheTapePod. Follow the co-hosts: Dan Nathan is @RiskReversal on Twitter and you can subscribe to his email list at RiskReversal.com. Follow @GuyAdami on Twitter. Follow Danny Moses @DMoses34 on Twitter.

Transcript

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0:00.0

Guy Adami here. Welcome to a special bonus edition of On the Tape. Now listen, Dan, I'm older than you are. I know that you pointed out all the time. But when I was a kid, there was the emergency broadcasting system. And you know what? That's what I feel like right now.

0:21.4

Things have been so crazy over the last week that both Dan and I thought would be important

0:25.1

to come in and speak to you guys and gals about what's been going on, specifically about

0:29.0

GameStop, but then how it's manifested itself in other areas as well.

0:33.3

And by the way, we can go off the tape in a few minutes with Sawhill Bloom.

0:37.0

He's going to speak to exactly that.

0:38.7

But Dan, you've seen it.

0:40.1

I've seen it.

0:40.7

What are your thoughts as to the last week, week and a half?

0:43.3

So, guy, you grew up on radio.

0:45.2

I grew up on TV.

0:47.0

I used to watch a lot of NBC.

0:49.0

They used to have this little segment, the more you know.

0:52.3

Right. little segment, the more you know. Remember that with like the cool little rainbow thing,

0:55.1

you majiggy. It's funny. You know, you and I, we do a lot of talking about markets,

0:59.5

about market psychology, about trading. We're on a show called Fast Money. Generally, we're

1:04.4

talking about what happened that day, what might happen the next day. What happened over the last

1:09.3

couple of weeks is really a trading phenomenon that I think

1:12.3

people will be talking about for a very long time. You know, over the course of our careers,

1:16.4

there's been lots of these kind of incidents that have really created some real ripples in the markets.

1:22.9

I think back to the late 90s when we were in a raging bull market, right? And there was the Asian crisis and

1:28.3

the Russian crisis and long-term capital. I heard long-term capital's collapse from 98 brought up

...

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