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Wall Street Oasis

E276: The Daily Peel | WSO Platinum Banana: Buy of the Year

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 22 December 2023

⏱️ 16 minutes

🧾️ Download transcript

Summary

WSO Weekly Wrapup - ⁠⁠Sign Up for the Newsletter Here⁠⁠ The Daily Peel - Sign Up Here

Transcript

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0:00.0

All right. Well, good afternoon, apes, and happy Thursday here today. It is Thursday, December 21st, 2003. And most importantly, happy winter solstice to everybody out there who celebrates the changing of the seasons here. Definitely a fun time of year for the changing of the seasons and everything. It is officially winter after today. That means today is the longest, or excuse me, shortest day of the year,

0:38.7

longest night of the year, at least for those of us up here in the northern hemisphere. So happy winter, everybody. We're getting closer to the holiday seasons and most importantly closer to the new year. So you have an excuse to be drunk for pretty much all of next week, as long as your employer doesn't expect too much from you. So definitely best luck to everybody out there who's existing through that.

0:38.7

Hopefully you come back ready in the new year and our as long as your employer doesn't expect too much from you. So definitely best to like to everybody out there who's existing through that.

0:42.5

Hopefully you come back ready in the new year and aren't too hung over.

0:44.4

But that's not what we're talking about today.

0:48.1

Today we have Daily Peel number 611 to go through here.

0:50.5

Can you believe it's been 611 editions?

0:51.6

I certainly can't. But we're excited to get into things.

0:54.0

Markets today are off to a fairly strong start after yesterday's complete crash out of nowhere.

0:59.4

It was a little bit random, but we lived through it.

1:02.7

So what we're going to be talking about today is some housing data that we got yesterday.

1:06.0

Of course, going over some stocks as well.

1:07.7

We got some big moves over in digital asset lands with Bitcoin as well as Bitcoin related stocks.

1:13.0

But then Google also had a fairly solid day as well, despite giving out barely any detail whatsoever on what they were talking about.

1:19.3

Investors got pretty hyped up while CRISPR and CRISPR therapeutics along with Winnebago, the RV company, basically both had pretty garbage days, definitely declining more than the overall market. But certainly the moves by the overall market didn't help out too much. And then, of course, we have our second official platinum banana of the year. You guys can see what's going on there. We're going to get into that more down below. Let's go ahead and talk about what happened on markets yesterday all was fine and dandy you know we opened higher it was a fairly decent

1:47.9

session it was somewhat choppy wasn't a lot going on as there wasn't a lot of news driving things

1:52.3

and then bang out of nowhere one or two o'clock in the afternoon everything kind of fell apart

1:56.9

nobody was too exactly clear on what happened here, but obviously people are throwing shit

2:02.9

against the wall and see with stakes in terms of theories. I just wanted to highlight this Bloomberg

2:07.0

article headline. I don't have a Bloomberg subscription, so we can't read the actual article,

2:10.9

unfortunately. But I wanted to show up this out because does this make any sense to anybody?

2:15.0

Like, this is completely backwards. Stocks rebound as economy shows signs of cooling. That is not how it's supposed to work. But I guess in this post-COVID environment with J-PAL's nuclear, rate hiking bombing campaign, and that's something that we can expect. But it's garbage like this, like zero-day options are blamed for Wednesdays use actually swoon i mean i

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