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**Nasty** PROOF the Fed is RIGGING the Stock Market!

8m 53s1,505 words213 segmentsEnglish

FULL TRANSCRIPT

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folks I am about to show you the

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stupidest stupidest stupidest question

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that was asked of Jerome Powell this man

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hands down

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ruined today in a very bad way because

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let me put it this way Jerome Powell was

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normal level of hawkish he actually had

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a dovish statement in his press

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conference statement release uh that

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comes out right at 11 A.M at 11 30. he

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talks about hey you know we've got some

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ways to go but he's not actually going

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all crazy hard Hawk until this one

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moment

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after this one moment Jay Powell all of

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a sudden goes to

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it's very premature to think about

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pausing the risk of doing too little

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outweigh the risk of doing too much

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because if we do too much and we

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restrict the economy too much we could

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just turn the money printer on again but

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if we do too little we cause problems

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and then Jerome Powell hammered all of

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it home by telling us the path to a soft

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Landing has narrowed and reiterated like

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three more times that no pause in fed

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rates we're gonna keep hiking even

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though the actual individual rates may

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be smaller and how much we hike in each

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meeting that journey is going to be long

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we're gonna be going on a ride for a

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while and guess who the person is who

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inaccurately pushed Jerome Powell in the

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wrong direction and it is

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this guy right here this person as the

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stupidest question of the entire meeting

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with just seven freaking minutes left

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listen to the question

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keep in mind when he says that stocks

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and bonds are up he's wrong they were

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down at this point NASDAQ was down like

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1.3 percent anyway listen to this

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if we follow uh it looks like stock and

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bond markets are reacting positively to

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your announcement so far is that wrong

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uh something you wanted to see is that a

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problem or

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uh what how much that might affect uh

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your future policy to see this positive

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reaction

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looks away here and he's like

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here we go you know I don't want to be

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the person that's like yeah I gotta make

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your stocks go down but here we go I

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gotta make your stonks go down you know

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we're not uh we're not targeting any any

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one or two particular things you know

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our message should be what I'm trying to

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do is make sure that our message is

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clear which is

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so let's clear it up okay and we think

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we have a ways to go we have some ground

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to cover with interest rates before we

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get to uh before we get to um that level

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of interest rates that we think is

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sufficiently restrictive and putting

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that in the statement and identifying

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that as a goal is an important step and

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that's that's meant to put that question

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really as the important one now going

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forward

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um I've also said that that we think

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that the level of rates that we we

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estimated in September the incoming data

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suggests that that's actually going to

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be higher and that's been the pattern I

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mean I would have little confidence that

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the forecast if we made a forecast today

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if we were doing an SCP today you know

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the pattern has been that one after

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another they go up and you know listen

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listen to this the guy asked hey are you

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trying to make stocks go down and Jerome

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pile is like I'm just trying to

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communicate clearly we got some ways to

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go if we had to decide today what we

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would do in terms of projecting a

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terminal fed funds rate oh it'd be even

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worse you know that'll end when it ends

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but there's no sense that that uh you

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know that inflation is uh is coming down

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it just if you look at the I have a

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table of the the last 12 months of

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12-month readings and there's really no

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pattern there we're exactly where we

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were a year ago so listen to that

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literally after the guys like stocks are

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going up Trump I was like what where

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exactly where we were a year ago Jerome

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Powell is almost like in disbelief here

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like that's it I gotta take out every

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tool that's it no sign we're stopping

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anytime soon we'd go higher if we could

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right now we'd change the estimate up

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every time we've done an estimate before

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we've revised it up and uh you know we

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haven't gotten anywhere in the last year

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I mean he's going dirty no sign of

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wanting to stop at all and then he ends

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up going into of course the soft Landing

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talk let's just wrap it up and then I

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want to show you the sticks to prove

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that this guy was an idiot and drove

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Powell off a cliff

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um okay so I would also say

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um it's premature to discuss pausing

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all he said is stocks and pods are up

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Joe Powell looks at his notes he's like

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oh yeah

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um we won't be pausing anytime soon

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tank please please tank everything

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please tank

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he has shorts that reporter he's

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freaking brilliant that's what you ought

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to do is you short the market tell

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Jerome Powell that stocks are going

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green even when they're not and don't

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worry leave the rest of the j-pow oh my

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gosh

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um and it's not something that we're

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thinking about that's that's really not

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a conversation to be had now we have we

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have a ways to go

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and the last thing I'll say that is that

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um I would want people to understand our

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commitment to getting this done and to

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not making the mistake of of uh withdraw

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of of not doing enough or the mistake of

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withdrawing uh our our strong policy and

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um

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doing that too soon so those I control

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those messages and and uh that's my job

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[Laughter]

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from Nikki Lee

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and first of all look at Jay Pal's face

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there look at his face he's just like

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bet you stocks ain't green anymore

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but then look at this look at this you

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go over here this is from Nikki Lee oh

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there it is Nick T from The Wall Street

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Journal right what do we get many

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investors this year have been eager to

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interpret signs of a less aggressive

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rate rate rise Pace oh come on uh as a

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sign that the pause in rate increases

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isn't far off

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but a sustained Market rally risks

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undoing the fed's work of slowing down

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the economy so in other words j-pow

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doesn't want a market rally he just

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proved to you literally just proved to

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you that when he was lied to

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and was told that stocks were green when

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they weren't Jerome Powell will go out

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of his way to ruin it that was 38 to 41

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minutes into the press conference which

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started roughly one minute late so if it

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started at 11 30 we're going to look at

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the NASDAQ at uh 12 uh 30 40 minutes

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that would be about 12 10 ish right so

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minus 2 12 1208 to uh right about 12 10

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is when we got this nasty message from

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j-pal right oh my gosh I didn't even

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look at this before I started filming

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this clip but watch this

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all right look at this things start

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going green right here right we gotta we

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got a little bit of red here we lost the

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bounce that we had from the dovish Duck

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Right Here folks look at these look at

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these you see these green candles right

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here

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this question gets asked like right here

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1208 1209 right around here the question

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gets asked j-pow starts answering the

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question right around 12 10. Finnish is

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answering the question right around 12

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11. what happens right after that NASDAQ

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goes from 271 uh or QQQ down to 266. 266

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divided by 271 to almost a two percent

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additional decline off of this guy

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suggesting that stocks are going up the

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guy had a memory of this happening

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didn't look at the fact that we had

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already given that up tanked the market

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even more you know that guy was short in

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the market it's so crazy but the big

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takeaway is in my opinion and and like

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this should have been obvious a long

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time ago right I mean I still remember

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back in February Sarah Eisen asking drum

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pal do you just want stocks to go down

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and he's always like look we're just

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committed to getting inflation down and

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I don't know why my impersonation of him

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is like Donald Trump but this right here

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is like cold hard proof

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he wants your stocks to go down baby so

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if you're feeling bad because your

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stocks are going down it probably ain't

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your company

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it's J-pop

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