The Big Long with Steve Eisman

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 17 May 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Steve Eisman of Neuberger Berman joins the pod this week! Dan, Danny, Guy, and Steve discuss: what’s driving the market (5:00), why Steve is no longer bearish (11:00), investing in infrastructure (13:00), the low-end consumer (19:00), why Steve thinks the election is over (22:00), what a Trump re-election means for the stock market (27:00), energy (29:30), Steve’s optimistic view on the market (33:00), what could cause a bear market (35:00), what Steve believes about managing money that most people don’t understand, “The Big Short” (37:30), and the Preakness (40:00). -- Subscribe to our newsletter: https://riskreversalmedia.beehiiv.com/subscribe — About the Show: On The Tape is a weekly podcast with CNBC Fast Money’s Guy Adami, Dan Nathan and Danny Moses. They’re offering takes on the biggest market-moving headlines of the week, trade ideas, in-depth analysis, tips and advice. Each episode, they are joined by prominent Wall Street participants to help viewers make smarter investment decisions. Bear market, bull market, recession, inflation or deflation… we’re here to help guide your portfolio into the green. Risk Reversal brings you years of experience from former Wall Street insiders trading stocks to experts in the commodity market. — Check out our show notes here See what adding futures can do for you at cmegroup.com/onthetape. — Shoot us an email at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod on Twitter or @riskreversalmedia on Threads — We’re on social: Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter Follow Liz Young @LizYoungStrat on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page The financial opinions expressed in Risk Reversal content are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on Risk Reversal. Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in Risk Reversal carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money that you can afford to lose. Derivatives are not suitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell or retain any specific investment or service.

Transcript

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0:00.0	A very warm welcome to the On the Tape podcast. Guy Adami, joined as always by Danny Moses,
0:07.2	very handsome Danny Moses. Dan Nathan, very handsome as well. Yes, he looks very good. But we have a treat.
0:12.7	I mean, do we have a treat today? Yes or no. Big. You want to tell, you should tell the people what the
0:17.4	treat is because I'm not worthy, as they say. We have my former partner and
0:21.6	mentor, Steve Eisman with us. Stop it. Yep. You were with us in Florida. We had our first
0:26.6	reunion. Yes. It was Vinnie Porter, Steve, and myself, right, on air. It was unbelievable. Steve
0:31.4	always has some good one-liners. I'm sure we'll have many today. He had great one-liners, and I was fortunate enough to meet Steve, your lovely wife.
0:41.6	She is clearly the looks and the brains and the family. I'm sure you're told that all the time.
0:47.1	Every day. Well, and justifiably so. It keeps you grounded. But you're a legend in our world,
0:51.8	and listen, a big short fame and all that, but it goes far beyond that. So you, again,
0:55.4	you're sort of on the Mount Rushmore of the investing community.
0:59.8	There are probably more than four people, but you are clearly one of them. Is that fair to say?
1:06.9	Yes or no? It's binary. I mean, Mount Sinai or Mount Rushmore? I'll just say, let's move on to the next thing. As Danny Moses told me, we like to get into these shows in various different
1:12.1	ways. You sent him a list recently of all the shows that you like, like a top 50 list of
1:18.0	television shows. There was 120. 120, but there were 50 of, and then for those of you who like
1:23.6	violence, here's some violent ones. I mean, you really broke it down. But number 13,
1:27.9	I believe number 13 on the list was Chernobyl. For you folks that didn't watch it, I think this
1:33.2	was circa 2019-ish. Yes, before, pre-COVID. And I think it was a six-part series, if I'm not
1:40.7	mistaken. Six episodes. Yes, it was four to six. Spoiler, the thing melts down.
1:46.2	Okay. Thank you. I just, you know, want to get that out there. Okay. It was beautifully filmed.
1:50.6	It was an exquisite piece of what cinematat, whatever you want to call it, Danny. It was wonderful.
1:55.9	Here's how I'm going to sort of set this thing up. And feel free to say, guy, you're an asshole. Most people do this.
	...

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