All righty everybody - and here we officially have tim bowen, he's connected to audio and he's connected to video too tim. How are you doing today? Great, you know nothing better than you getting ready, setting up the camera and everything at 1 59 p.m. By the way i was, i was entering a trade when i got back from my workout well, fair enough, at least it's a good excuse, but it's still an excuse. It is still an excuse.

In fact, i'm probably gon na have to go click. The exit button in just a few minutes - i'm watching it from my laptop here i got my desktop all the way over there. I've got that uh. I've seen you uh doing a couple of a couple: videos on the stock straight channel about that uh day.

Three surge, you know one of my favorite patterns and i'm actually watching uh drct right now. I think we're up beautiful, yeah yeah. I like it a lot for that afternoon. We got that friday.

Uh potential potential hopefully short squeeze, but i mean i don't know if we can get over highs, but my fingers are crossed. I've got my risk done, you know, that's all that matters at the end of the day is having that risk level go on, go but tim. How are you doing today and by the way these? So you know we were doing cocktail friday on uh small cap recap and we decided to beautiful beautiful what it's black rifle coffee man so yeah. So that's the best kind of coffee.

There is, if i'm being honest, are you? Are you a starbucks guy? Well, you know no, but you know it's it's it's a bummer because it's like you know, especially when you, when you travel, it's like your only option. I do kind of like the iced coffee, but i i pretty much exclusively black rifle because veteran owned again cool company and everything but uh, you know you're kind of forced to drink starbucks, just because they're everywhere. So i i agree, and it was you know it's funny. I was um uh.

The black rifle went public right through stack. I believe it was respect anyways, but i was trying to trade black rifle day in and i look because i i liked it as a real company. It kind of reminded me it had that dewock feel, but it couldn't get any of that momentum going. I just kept getting chopped up on the daily.

I liked it so much well. I had that one good day. You know about a month ago and then our favorite, you know youtube chat, guy killed it because it broke out broke 23, it was beautiful and then he leads everybody in it and and then since then, now everybody's bagged. So now it's like we got ta wait until probably need some sort of catalyst - probably hopefully they'll yeah.

I don't know i i i see. Rogan was posting pictures of their bags to his instagram, maybe that'll help. So i hope i well that's. The biggest problem right is when you have for me.

I i love that nice multi-day structure, but it's so hard because you need a catalyst to really get it going. I mean when the market was hotter. It almost didn't matter if you had a cow. If it was strong multi-day structure, it was, it was probably bound to go.

He had a really high odds, and now it's really dependent again. We need the volume in order to get that volume. You need the catalyst or just a crazy multi-day runner like indo, right or inpp. That gets those squeezes, but i've been waiting for black rifle to drop drop, some kind of catalyst, i'm always watching it.

I like it, you know, i i think it's uh uh, you know i i mean it's kind of like you know. I think that it's i mean, obviously we're still in wild mode, but it's a little bit back to reality. Where, like you said, you know all at 2020, i mean so many of these stocks. You know, didn't that.

I mean literally no news. You know, especially like the meme stones, so i i think i think people are kind of scared when they see some. You know 50 gap around, no, not no news they're like whoa, so right now, it's i mean, and it's not like it's a bad thing. It's just you know you look for stocks that actually have news.

Drct had some crappy analyst upgrade and some new board member or something, but at least it's something you know so no any any news is better than no news, and i mean you know again the better. The news, obviously the better the chance, especially especially with nice structure, with short stuck those those are my favorite longs, but they are a lot more, i'm going to say few and far between not not necessarily, if you go back, you know five years ago, there's an Infinite amount more right now, but you know compared to 2020 to early 2021. It's it's definitely uh getting back to reality market, and you know that's probably, for the best um i mean i was it's funny. I was actually just thinking today right that it's been.

I don't know how i did it because i'm i'm so tired right now. Just you know, you know, i told this story on a webinar the other day. It's like you, know january sucked, but it was like. I actually got some things done, like you know around the house, i actually like went outdoors and then this last couple weeks, like i mean i, i told on a webinar every day at like 4 15.

I take like a 20 minute nap in that chair. I'm like geez, oh pete's, i got ta, i kind of it's a double-edged sword for sure. No, it truly is, and you know it i. I was just thinking about how like i i had a you know.

The market was pretty hot this week and finally had a a good week and um it. Definitely because it's good for me january. I think i ended the month a little bit red and i made it all back this week, which was fantastic or february. I mean um, but in the same breath like wow a week in and i am already exhausted, i don't know how i did it for months on end i mean it was, you know, i'm sure, i'm sure you were just the same.

You know because you're doing pre-market prep every morning, yeah i mean yeah. You know it's like and and yeah doing two three four webinars plus trying to trade plus doing everything else. It's like yeah, it just does i mean i said i say it all like, like like 20 20 like and obviously it's partially because the pandemic, i mean. Obviously, it's like when you couldn't like do anything i think you know there aren't like those milestones that you think back but like 2020 to me, it's like it's like that year.

That didn't even happen because i'd never left like i never walked away from here. You know it's like i sat here at this computer all day every single day, because i mean it was like you even if you had a loser, even if you had a stopped out just wait, five minutes and there's something else in five minutes or something else. Five minutes or something else, so i remember i was actually it was the first time i was visiting austin uh before i moved here. I was here with tim, sykes and matt monaco and i had never traded from a laptop before, which is, by the way, completely different.

Oh yeah, having my three screens and being able to look at and back then looking at 20 charts wasn't enough and i was i was down uh. You know the most i had ever been down on this. Otc our internet went out during a panic dip buy. I found myself down ten thousand dollars and i, by the time my internet went back on, which was probably five minutes.

I was up on the trade and then after after i sold, there was another one and i was like there is no way that just happened. And again you know you know, that's the. Unfortunately that's the past, i'm kind of uh fortunate. I hope we can get like a medium uh between that crazy hotness, where there's enough opportunities, but not so much where i don't sleep, you know speaking of crazy hotness.

Are you familiar with the crazy hot matrix? I'm not. Can you explain uh, it's probably it'll probably get us canceled, but but if you uh to the i know, you're young, it's like a 10 year old youtube video. But if you, if you search youtube for the crazy hot matrix, it's one of the greatest whiteboard uh video, it's an incredible video but anyway so noted. I will absolutely search that up.

We don't we don't need to get cancelled yet at stock trade. I know i i'm sure you and i could probably easily get ourselves canceled, but we're going to be we're going to be very, very uh, very good about this now so bone uh. You know we just started doing this. Talk show right and kind of what are we live? I don't even know.

Oh we're not live we're not like. Oh yeah, okay, i didn't know, okay. That is a plan, though we'd love to kind of start going live, because i think it'd be a ton of fun to get questions. You know real time um, because my vision for this is right.

Is that there's, especially now more than ever so much more uh going outside or going on outside than just small caps? And i've noticed, oh sure, jesus yeah? But you know, as you see with this, and we keep talking about - i talked about in the past. Now three episodes the whole russian ukraine thing because it actually does end up these macro. Financial situations do work their way into the small cap market and then from there we i'm hoping we can, i think, it'd be so cool. We start getting some otc runners again out of this stuff, but i i got ta believe there's gon na be something with you know again that true you know we already had the trashy nasdaq oil and gas, but man it's like these otc guys got ta.

Be you know at the typewriters because most those guys don't even have a computer but they're at the typewriters writing up press releases. You know hiring every every x-con they can get to pump their stocks, so i got ta believe we got an oil and gas otc run coming so yeah. So actually this or worst case i mean like i like i said this. The other day i mean listen.

Worst case you know, putin is like never mind, you know everything settles down. Oil goes back to 50, a gallon and we're happy there. You know it's kind of like um, i posted a meme yesterday. It was like every time the market dips on world on world war.

Three news buy the dip, because if world war three happens, you don't need the money anyway, you know so it's like. I would just assume oil go back down, but i don't see it anytime. I mean this is a multi-month hell, probably multi-year deal. You know, unfortunately, i mean again i'm in texas right and that we're known for cheap gaps and i was driving.

I was went downtown with a couple friends uh last last weekend and we were we were driving back and we were looking at the the gas prices and i'm not joking in texas. It was over four dollars for 15 a gallon, and i was i was thinking myself, okay, one. This is clearly overpriced, even for texas, because i know areas like upstate new york, where i grew up. That's still like just barely at four and i'm like you're.

Not you cannot tell me that it's more expensive in texas right than new york, but i i was fortunate. I filled up it's. I filled up the other day for uh or you know yeah two days ago for 350, a gallon and i'm like wow. That's so cheap, it's it's so messed up to look at it that way, but we're seeing this outside oil and gas is obviously the biggest kind of uh shift.

We're seeing in this overall market right now is where everything is getting expensive right, even at the grocery store, i'm sure you've noticed the meats are getting expensive. Now, oh yeah yeah everything it's and i guess, that's probably just a byproduct of you know a mix of inflation um at all this global conflict people are scared, but i'd love to kind of hear. I know you just said you think this is probably a multi-month multi-year, potentially multi-year um issue. Do you see? I know you have been very bullish on ev uh for for a long time now, i've.

This is kind of one thing. I really wanted to talk to you about today, um, because i really want to hear your opinions. I personally i don't care wrong. I love i love tussle.

I know you and you and i had to talk over the summer where i was bearish on tesla. Oh yeah, oh oh homeboy was reading michael berry's tweets one of the right before one of the 10 times he was wrong and deleted. His twitter again runs away anyway. Oh i remember no, i i i'll never forget that conversation.

You you sent me like a five minute voice message, just yelling at me: i loved it, but it's fun. But after you know, after that i started noticing. Okay, like sure, maybe it's a quote, unquote bubble. You know it's tesla stock price overvalued, fundamentally, probably but long term.

The only issue i see with electric vehicles right is that i mean, as of current there, it's impossible to produce enough batteries to actually replace oil and gas, and i think i know you understand that. But why are you so bullish on eb and do you see this current situation, um propelling electric uh or cleaner energy in the future? Well i mean there's a you know: a lot has changed in the last two months: okay! Well it really in the last year. So listen one of the reasons i'm so bullish is. I just think it's a natural progression of technology.

I mean it is just as much as the internal combustion engine was incredible. It's just i mean it's like going from. You know a pentium pc to a core i9 or something it's just a migration of technology, and it's it's inevitable. I mean i mean you look at the performance, you look at the the the capabilities, but the problem is, i didn't want it to go down this way because it i wanted it to be like this slow, orderly march to new technology, and now it's become this Political football, where now you know i i mean i constantly bash, like general motors and they're terrible mismanagement ever since 1980 and roger stone but or not roger stone, uh, owl, crap me and roger anyway, whatever the heck, his name was the ceo in 1980, but um And uh you know, but now we've got, you know, exploding commodity prices and you know: evs use tons of metals, tons of rare earth, metals, tons of tons of conflict, minerals, and now you got all this conflict going on in the world.

So the pr supply chain issues - okay and now it's like unfortunate and it's still inevitable again. I still think it's inevitable, but the bummer is everything got screwed up by all this geopolitical stuff, because you know when you've got a hundred miles of copper in a car. You've got nickel. You've got again all these metals from unfortunately conflict-ridden areas, afghanistan, central africa, etc, and now you've got all this mobilization in in western europe.

It it just it's: it's gon na slow everything down and the bummer is now what's the government do, and this is you know here we go into the libertarian hour. You know the government is just going to throw money at it, which is just going to create waste and and mismanagement. I mean you look at all these covid payments that people bought lamborghinis with and stuff. You know it's actually it that it's that ronald reagan quote.

That is quite possibly my favorite quote: uh the nine most dangerous words in the dictionary are i'm from the government and i'm here to help. So now, you've got this massive push, throwing money at it. That's actually, in my opinion, going to slow down progress because government money is actually counterproductive to entrepreneurship. I mean listen, i know elon.

I know tesla got subsidies, but elon was going to do that. Whether he had subsidies or not, he would have found money somewhere. He would have gotten investors, he would have done something else, amazing to raise another billion dollars, but what drives him is saving the world creating the best technology and now we're gon na have the opposite. So now it's gon na actually slow down.

In my opinion - and you know, and now you've got oh, oh, you know, you've got the administration a lot of people in politics. Saying oh well, switch to an ev. Well, i can't get one number one: there's hardly any supply out there and it's just like you know. If how are people gon na when they're dealing with inflation? Okay, the the solution of to fix inflation and exploding gas prices.

I got ta go out and buy a new car. That's my solution! So it's a bummer it'll happen, but we probably just added 30 to the timeline. Did you see that uh? That's? It was a video from the white house, i think it was a press conference or something - and someone asked about you know how. How are you know normal people going to deal with this oil and gas, and i don't know who it is, and it's probably the best.

I don't mention the name, but she said oh well, yeah. If you have an ev car, this wouldn't be an issue for you and it's it's like. Okay, wait! A second you're telling someone that's struggling to pay for food, rent and gas that they just need to go, buy an electric vehicle which listen, they're, not cheap, piece cake man, piece cake, you know, sing single mom struggling to make ends meet working two jobs now she's Got five dollar? Yes, just buying evie miss mrs john miss johnson. It's easy, you know and then she laughed and then she like laughed about it again.

I i don't pick sides or anything, but that just seemed like such an arrogant comment to make. Listen. I i equally hate both sides. You know, that's the problem, that's the pro i wish i wish there was just someone in the middle that could take charge, but it'll never happen vote for me in 2024..

Are you gon na? Are you gon na run vote? I'm running for congress yeah yep, so i will well. Oh you can't. Well i mean again, you know: hey it's awful loosey goosey these days. Even if you are a texas rose, you resident, you probably can vote for me i'll, get you i'll, get you a mail-in ballot.

Don't worry about it so and there we go. We just got canceled exactly no, i uh um. So so i uh um. I've had several phases in my life, so i was an entrepreneur for 15 years um.

Then i went into full-time stock trading. Then i went into full-time educating and you know working with you and stocks to trade and everyone, so in 2024 i'll turn. 50. I think it's a good year, you know i got enough gray, you know to make to make me look politiciany, but uh, but i i uh um.

I don't know i i figure it's like it's one thing to complain like i've done since i turned 18. I've been complaining about politics and both sides mind you um, and you know it's like hey, if i'm 50 years old and i'm and am i in a position to do it, why not do it? So you know, i absolutely love that. No, i because i remember i mean you've been talking about this for oh how many months now it started out a joke which you know probably most people's political. I mean listen, probably probably half the politicians we got.

It probably started out as some drunken joke. Meanwhile, you look back you're like holy crap. I've been in congress for 48 years. It all started on a three-day bender.

With my buddies. You know. Well, i'm convinced i'm convinced they've just been on a 48-year bender ever since the decisions they make. No, that's um.

I actually that's fantastic, i i always joke about. I mean i've joked about it for years. I want to get involved in politics and obviously i'm way too young right now to really get into actually any meaningful position, but i mean seeing the way the world is going. I wouldn't mind it as i continue to get older.

I my whole thing is: i'm a big i like to try to make change where uh, where i see fit and in things i believe in and that's that's my thing. Like my you know my plan, is you know, i'm uh, you know i'm gon na go in and i'm gon na you know two years and and i'm gon na try and make as much change i mean there's a probably number one, there's probably a point: zero. Zero one chance i get elected number two. If i get elected, there's gon na there's gon na be a point: zero, zero, zero, zero one percent chance.

I get reelected! Okay, because i'm i you know again. If i do it, if i make it, i got two years to go um i am not gon na it's not gon na be business as usual. You know it's not gon na be you know following you know the party line and and just doing all these things so it'll be a one term. Probably, but you know hey, you never know.

Maybe 48 years later i'll still be there. Who knows? I got ta. Ask what what's what's like your number one um goal that you want to change? What's that first thing that you do like like, if i had to pick one thing like you know, see again um, i i i i've said it three times. I equally hate both sides, because i i don't i mean listen.

I lean conservative and i'm gon na give you my you know, number one issue, but i don't identify with the republican party because they spend just as much money if not more than the democrats do so so fiscal responsibility would be my biggest thing. Um just quit. Wasting money on stupid, crap all the time and cut spending cut the debt; listen roads, bridges, schools that stuff matters; okay, but there's a lot of crap going on. You know again as much as i want to see.

Lower oil prices. Oil companies should be able to make it on their own okay banks. If banks screw up and they over leverage, they should go out of business general motors again growing up in michigan, i'm no fan of general motors if they screw up because they run their company. Like crap, they should go out of business.

We should quit bailing out these companies and somebody listen if gm died in 2008. Who knows where tesla would be today or somebody else? Maybe somebody else you know and and chrysler got bailed out and all these banks have got bailed out, so fiscal responsibility would be like if i had to pick my number one hot button thing and - and you know, and a lot of that would would go to Military spending, again i mean listen. Nobody i've ranted a million times about how much i respect and love the us military, and i think it's one of the greatest things that make this country what it is, but i'm i we don't need to be getting in mixed up in everybody's problems. All the time we got our own problems here at home, we got veterans that are homeless.

Okay, we got you know problems at our borders, we can, you know, take care of as jordan peterson would say clean your own room then worry about the other stuff. So i couldn't agree. I could not agree more with that last statement. It makes you wonder just if we're sometimes too involved in other people's businesses and that you don't get me wrong.

That's, i think, that's kind of you know back years ago what we needed to kind of set the national, the international stage. We needed to be that power that at least had a presence for a um uh, well yeah a presence elsewhere. But are we getting too involved right? Are we getting and we're big enough now we're? I don't think we need to be that involved all the time, but you know again it's like it's it's another thing i mean listen. If there is, i mean if there is something terrible going on in the world, i'm not saying we just oh tough deal with it.

I'm not saying that, but it's like, if we're going to do it, we need to actually do it and and this endless war stuff and this you know uh great great short story. I guess you would call it by smedley butler it's written in back in. I think world war one he was a, i think, a three-star general and he talked about war as a racket. Okay, this is 80 years ago, 90 years ago, eisenhower warned about it when he left office.

Okay, this this whole business of war. That's what i'm against! Okay, listen if there is a genocide going on somewhere. We need to help that. Okay, we need to.

We need to. I i value the human race. Okay, i mean i don't care where you are. Listen, i'm a patriotic american, but if you're in a shitty situation, i value human life and i want what's best for you, but we can go over there and we can kick some ass and we don't have to be there for 25 years.

But that's war is a racket and, and it becomes a business and that's why these things go on forever because listen if you're getting i mean if, if you're signing you know defense contractor contracts, because you know when you leave congress, you're going to get hired by Raytheon or mcdonald douglas you know, and it just and then or you become a lobbyist for them it just it just becomes a business and war should not be a business. War is a terrible thing. It's it might be. One of the it probably is the worst thing that humans seem to never be able to solve been around since he, you know since picked up a rock and hit the other guy to take his steak or his buffalo or whatever, but um, but we need to.

We need to, we need to do it right, help the world, but quit with this endless war stuff so making it a business one of the first uh. So back when i was in college, i had an internship. I was a supply chain, major and one of the actually was my second internship. I worked for a large government, uh defense contractor and i i'm again on the supply chain side.

I saw we were spending on and you know i'm sure, i'm sure it went to uh useful projects, but when i looked at just the budget for these these i was baffled. That's like what what do we need to spend all this money on? In my opinion, it just it seemed way way way overkill. But again, as you said, war is a business and that's how these companies stay alone, not to say they need to be cut completely, but there have to just be more logical solutions. You know and and something that again you know, and you know something that i would really push for is you know is, is you know more accountability like like i mean listen? Why? Why do you know? Why can't i get a receipt for my taxes? Okay, i mean, i obviously i know that's a massive oversimplification right, but why can't i, when i send that check in here in a month? Why why? Why can't i see that seventy percent goes to this and twenty percent goes to that, and one percent goes to that.

Why don't i have that visibility? You know and - and i mean well, i know why, because they don't want you to know where that money is going. But that would be another thing i would push for. That would never happen. I mean it never happened, but but i would push for it to inform the people that i mean you look at the i mean you know the marginal tax rate i mean.

What is it it's like 80. Now, when you add in you know your income, your property taxes, your sales taxes, your registration fee, you know all this stuff and i don't know what to go to it. It just goes in a big hole in the ground and hopefully my road gets fixed. I no, i can't speak for michigan, but i remember in upstate new york, when i was living there.

I was baffled at how it all went to new york city. That's why but upstate, oh, my god. I've never seen so many potholes anywhere else. I went right.

I mean i complain about the roads here in texas, but mainly because the lanes are really narrow, but the roads are great, either no pot. Now the weather not nearly well, they don't have a freeze, thought yeah, yeah yeah, so well, not until lately. Oh my gosh. I didn't think i need to bring winter clothes down here, but man i've been using it more and more lately, it's like 35 out today, but you know you know again it's like listen what you know what.

Why can't you know and why? Why can't we be we'd, be spending a lot, a lot of that money that goes overseas, whether it be to conflicts or whether it be to build a bridge across the other side of the world? Why can't we be doing that stuff at home? You know and improving education and improving schools, and you know it's just i don't know so. No. I completely completely agree now. I that was uh i'll i'll start to transition this here, um, so one, no! No i'm just now.

I'm just sad yeah. I know now. We just got like we just hope with the hopelessness of it all. You know we're just sitting here like crushing everyone's hopes and dreams, i'm going to go off to washington and i'm going to get ground up in the machine and spit out and come home a bitter old man.

You know so, can you can you promise me one thing: if you ever make it into congress, you will not change. Oh, no! No, no again, like don't get re-elected, i won't get re-elected i'll. Tell you that that's okay! I love it well. I won't change unless the money's really good.

Well, hey, hey you slipped me, some nancy pelosi, money and i'll change. I was gon na say: we've got to make sure that you're still allowed to trade while you're in congress exactly that is the one thing. My friends, i don't know, i don't even know what this show is called dearest. Dear listeners, i promise you also on my platform, elimination of the pdt dumbest regulation in the history of mankind.

Yes and again great just such a great example of you know unintended consequences. The road to hell is paved with good intention. I mean it's like i mean like i did a youtube video yesterday. You know talking about how to you know how to help people work around the pdt.

You know trading late day, trying to overnight. You know splitting up into multiple accounts and it's like i stop in the middle of the video as i'm explaining what the pdt is and i'm just like. I, as the words are coming out. I'm like this is like the dumbest most moronic thing i could like who came up with this.

Meanwhile, 20 years later, it's still here so i'll, eliminate that too, my friends, but i will not. I will not do anything to stop congress from trading on the inside information. I will try i'll throw them i'll, throw them out the window at the conference room if anybody brings that up. Okay, that is, that is protected.

That is the sacred jewels that will not change under my administration. Isn't it isn't it crazy too, if anything it'll be loosened up more if it could be loosened up more, isn't it insane, like this kind of brings me to something that's been on my mind. Lately, probably i'm just gon na be walking up down the halls of congress with that little like with the little paper cup on all the committee rooms, i'm gon na, be like oh. What was that raytheon ooh mike microsoft? Oh god.

I hope you do and then oh because i got my security clearance, i could probably do that. So, oh you know what, if you're just wondering if you're not accident, oh whoops whoa. What were you guys talking about? I didn't mean to leak this information. We can change it from the nancy pelosi tracker to the bowen tractor, exactly fair enough, fair enough yep.

Isn't it crazy how they banned that account on twitter too? It's just you know it's so strange man. You know it uh, it's just it in and listen that. That's another thing, but here we go back to politics. You know free speech, i mean this is what i wanted to talk about.

You know it's like it's like and again listen. This is not a political statement, but, like i'm sure you saw you know, trump goes on that full send podcast yesterday and i i haven't listened to it. I don't even know if i will listen to it. I don't have time, but you know hear these guys that i, i didn't even know what the full send podcast was by the way.

Evidently, the guy was like sleeping in his car. Now he's made millions with this podcast. It's like the classic rags to riches dream and they and they have a former president on their show and like six hours later, it's just gone. It's just deleted from the internet.

You know how does that happen? You know the biggest problem too right is that i mean technically, you know and listen. I would say - and i know again - i already said it and i'm sure most of the people know because most of the people watching this are probably stocks trade because they they probably know which way i lean. Okay, i'm surprised, i don't have any guns behind me. Okay, it's like listen, we all know what, but, but if they did that to a democratic, if they did that to joe biden i'd be like that is.

Why are they pulling a podcast down? I mean it it we it like it's a really thin thin line, because at what point right i and now again it's you know youtube it's a it's a private company. They can do what they want, but it at what point, though, do we not have in the the reason they took? That down is because they claim they're spreading this information. But at what point do we do? We not have the right to listen to this information right. It's now again there i didn't i want.

I did watch the episode and i actually didn't know it was good. I didn't think there was really anything awful said on there, like any. That was probably the most reserved i've seen um trump speak before, but it just begs the question, and this is kind of what i wanted to ask you is at what point. Do we not have the right to hear different, even if it's wrong right? How many books have been published that have wrong information? What do they do? They don't ban the books exactly, and you know it's just it's.

It seems so strange because it's like i mean obviously you're a lot younger than me, and you know i grew up. I mean i'm again, i'm 48, so i mean i was you know. Half my life was pre-internet and i mean listen like like you said. A a book could be completely wrong, but i didn't have the internet.

I couldn't fact check it. I couldn't know i'd, read it and i'd i'd repeat it verbatim, but you know social media was supposed to fix all that where or and the internet was supposed to fix. All that you know it's like you know you could, you could say you could just make it make up stuff. You know before the internet, now you, google it you're like no, the sky isn't green, the sky is blue, you know, but but once you start curating that information and everybody's got a bias.

You know don't tell me that any of these fact checkers, whichever way they lean every every human has biases and it's just such a slippery slope when you start deciding what is allowable and what is not allowable, and you know it's like it goes back to what This country was founded on, i mean you know they, i'm reading a bunch of u.s history books right now. It's kind of my newest fixation. You know it's like they wanted to be able to say anything. They said and that's why they crazy bastards got in a boat and sailed over here, because that was what it was built on and through history and we've seen it over and over.

It just repeats and it repeats that, whether it's stupid or not, you need to let there be free flow of information, and it's just so bizarre that the internet has become the opposite of that. You know - and you know this, and i think this is probably one of the biggest issues and there's probably a way to tie this into the markets in a sense but um one of the biggest issues. I think that came out of the internet and it's going to sound really backwards when i say this, but we actually have too much data in a sense that you can now find data and, as you should be able to right that supports any side you want. You know it reminds me when i you know when i talk about like you know the process of picking a trade right.

You know it's like something i'll always say. Is you can always listen? You can talk yourself into buying a ten thousandth of a penny. Otc stock trading a hundred shares a day. Okay, you could, you could find a reason.

Oh my uncle said this. My you and, and that's the bad thing about the internet is listen. You can have the dumbest most idiotic opinion in the world and you can find somebody that agrees with it right. It's probably bryce stewie.

You know you'd be like i'm a complete crackpot, but bryce agrees with me. You know, and but and that's exactly what the internet's further, though it's like you're gon na find actual studies on these and again the data is so like you said it's so biased that it's so easy to get caught up. Thinking! Oh well! This has to be right, and it's just, i think, without being able to hear all this information like here. You know different sides.

It's going to be very hard to challenge the beliefs, and this is circling it back. What we're talking about earlier in a sense, i think our world is becoming a lot. Maybe capitalism is changing, but a lot less capitalist than it used to be because, as you were saying right, these big companies get bailed out right and we're just now we're almost redefining uh, and i don't know if i like it. But i guess that's progression right where we're redefining the entire government, the entire social scenario through the internet um, and hopefully we can find a way to really do that in a positive way.

You know it's funny because i strange times we live in because you know i mean i mean i'm generally an optimist actually actually very optimistic, and when i tell you it's like you, you you, i go through periods of like despair, but it's like i it. It feels like something something's coming now. Hopefully it's good, hopefully it ain't a icbm i'll. Tell you that much, but you know it feels like there is some sort of ship that is coming and it's speeding up.

I mean it's like we're going parabolic as a civilization, and hopefully you know - hopefully the dump doesn't come after that parabolic. You know but um. It's interesting because i still stay optimistic and, and i think that a lot of people are waking up that that you know business as usual. Isn't the way to do it? You know you look at a lot of these foreign conflicts.

I mean you remember, you know back when we were gon na go in syria. Basically, everybody said no. Fortunately, up to this point, we've kind of avoided going into western europe, but um and - and i think that everybody is getting you know it used to be the bummer with the whole free speech thing is. It was so tribal because it was a lot about trump.

You know i mean it became a trump thing that he got cancelled and all that and it was a tribal thing, but i think there's a realization now that that that that isn't, a good thing and people are. You know waking up to that and i'm optimistic though i do go through periods of despair. I admit well, and i think it's important too to like, like you said you know, because i'm in the same boat as you i i really cannot find a way to identify with either side. But you know that being said, if there's an opposing viewpoint that i disagree with, i think i'd still be just as angry that it's it was taken down.

Um there had there have been um that i should say on. You know uh certain sides that i totally do not agree with the opinion at all. It got taken down because you know it just misinformation and it's just it's frustrating it is frustrating. I think that is.

I hope people are waking up to that. But um you know you, you never really know, i suppose um now. I guess the last transition we'll make here. I know it's.

I know you're a busy man, but when i'm sure do you have a job i just realized. I didn't realize my co-host was here. I did, i just realized that spencer's over there sleeping on the couch, oh, what is it i can't i can't see is that you is that your cat, it's a kid's cat yeah, oh how spencer, how old is he oh he's? He was, he was a stray. We we took him in so i'm guessing he's pretty young, i'm guessing three, something: oh cool cool.

That's one thing i need to do. I definitely need to get a pet one of these days, but i don't feel like i think you have to be relatively responsible to have a pet and i'm sure, i'm sure. As most people who watch me know that bryce is like well booze or cat food. Well, as i'm drinking a vodka red bull by the way, thank you to all of you who voted for me to casually drink a vodka red, bull um.

Thank you and the red bull needs to reach out and sponsor this shield, damn it or celsius there. We go yeah, i'm a celsius guy. No, so completely almost, i guess maybe not a complete shift, but but i'm really kind of curious on you know bring it back to a bit more trading related here um. I personally think this is something i've been talking about.

A lot more lately, psychology right, we all know trading psychology here over and over again, but as we're seeing psychology right now is changing in the world too. Right now, as in terms of trading, though, how big of an impact do you kind of think um? I just i want to hear your take on trading psychology. You know we all can learn the different patterns. We all can do this, but i think one of the biggest areas and we struggle all together as human psychology and i think, some of the it's interesting some of the best traders i know - have some of the most unique world views um and i think it's Because they understand there's a lot more, maybe maybe it's a cynical side, but they understand it in a different uh light than a lot of other people see - and i just kind of want to hear your overall takes on how psychology or uh works yeah i mean I mean listen, one of the biggest things that that i think is a problem, especially with like social media is there's there's this.

You know it's this ego thing like, like i mean you can see that with, like you know, obviously, online trolls and and and people that will just go to war on twitter, about something and ultimately like never admit that they were wrong, and you know i mean Listen again a lot of tribal stuff. But if you're gon na sit here and and try and like go to war, about mistakes that were made particularly by governing bodies, say around corona buyers or cover the lockdowns and stuff. And then you see the evidence and you're still refusing to change your opinion. You're never going to make it as a traitor.

Okay, because what you got to realize is that one of the most, especially when you're talking day trading, crappy penny stocks. You are going to be wrong constantly and if you can't come to grips with that - and you can't accept the fact that yes, the press release said this. Yes, the volume was this. Yes, the chart was this.

Yes, the float rotation was this. Yes, this guy said this, but i was wrong because it just hit my stop. That is, i think, one of the biggest things why you see such a high failure rate, and i see that getting worse like people and again, here's the old man talking like these days and i think it's magnified by social media and, like everything getting recorded, all The time but it's like you just see people that will absolutely lose their minds if they're like wrong. You know it's like i mean you see that on all these you know some of these videos.

You don't even want to watch where just like people will like go to war over and they're wrong, and you know like they like. It was like a couple months ago this lady rear-ends, this guy, at a stoplight at a gas station, there's cameras everywhere, and she he's like showing her the video and she's like freaking out on this guy that he was. He was in the wrong because he didn't get out of her way and it's like the nice thing is: if you can conquer that, and you can master that ego and and be able to defeat that, then you got a great chance of being a successful day. Trader because so many people just can't do it, i think it's getting worse.

Do you think that boils down to an accountability? Standpoint yeah, i mean again, listen. Probably all freaking participation, trophy babies, mama told them they were perfect and special and perfect little snowflakes and they turned in crappy assignments, all through school and still got a's. I mean it's like, but again it's like - and i know that's like. Oh bitter old man blah blah blah, but i mean you see it every day.

There's just there. There is a there is a celebration of weakness. There's a celebration of of of you know blaming others. You know not accepting responsibility and again, if you can master that, if you can defeat that, i think you're i mean anybody can learn a chart pattern.

Okay, you know anybody. Can you know, look at some. You know again, some ridiculous float rotating stock that that breaks. The high of the day on friday afternoon, it ain't rocket science, but if but it, but if that one, if it breaks a high day and it pulls back and now you're wrong.

That's where that's, where the rubber meets the road, and if you, if you can't accept that you were wrong. If you can't take that hit to your account and your ego, well, the graveyard's fully well, and that's actually it's funny. You kind of mentioned that we were actually just uh, there's a few of us in the office today, and we were talking about that kind of right before this um isn't it, and this is like america as a whole right there was. There was once a time where we always were stating you know.

America is the best. We are the and now and like you said, we celebrate, we celebrate weakness and celebrate mediocrity. Maybe you know i i i i i you know in in you know: jackal willing. You know it's like like to me.

I i you know, i will never be the man that jocko willink is. I mean one of the best navy seals ever one of the you know: multiple new york times, bestseller running a an amazing management company running a a company that that restarted a defunct main company to make boots and jeans in the u.s. I mean this guy. It's ridiculous, but that's what i look up to and that's what i and it's like.

I want to see more of that where other people will just be like. Oh he's lucky or whatever, and and it's i don't. I don't understand this again, this celebration of weakness or or admiration - i don't know so well and you know bone to wrap this up here. I do have one lap and it's kind of inspired by what you just said there one last question um.

This is like this has been all over the place, but it's, i guess it's all kind of tied together in a sense. Do you think a lot? How angry was i when you were late, is that the question yeah? How now, on a scale of one to ten, oh jeez, you're, you, you sounded like an 11.. I heard that scream. I hate lake, no um, how how much of you know a lot of these issues.

We have going on right now, not only in the supply. Well, actually, mainland supply chain. I should say a really interesting point, quick sidetrack, that one of the i heard someone mentioned this a couple maybe a couple months ago. Supply chain issues actually are not a supply short, it's actually a people shortage and i think we're seeing that right now, where no one really wants to work.

I mean you yeah you're, going to have issues where you can't get the supply, but there's always ways to manipulate that or change the supply and a lot of times. It's a people problem and i've seen that right now, but how much of a lot of these issues we have going on in the country right now, not necessarily a psychological standpoint, but production supply chain do, you think, would be solved by kind of working more towards In in country production, oh, i think you know again going back to my rant about you know general motors in 1980 um, you know so again. Michigan born and raised still live in michigan. You know in the post-war era, detroit detroit was silicon valley.

Okay, it was the epicenter of the arts, episode of technology, you know basically post world war ii. The automobile was the computer, it was like it was the same thing. You know it was like just like silicon, you know silicon valley's, all about technology or the pc boom or the iphone boom. That was the car.

The car was the epitome of technology architecture, okay, some of the the the the serenens that you know designed the the st louis arch and and the uh uh uh twa hotel. That's now uh uh or was a terminal. You know frank, lloyd, wright, bunch of stuff. In michigan it was the epicenter of technology, innovation and everything, and then all of a sudden, these mbas come along and they say well we're gon na offshore, this stuff to save three cents and now, all of a sudden you know detroit has collapsed over the last.

Several decades and we've seen that over and over again and now we're suffering from that quote-unquote innovation to move stuff off overseas, just to make save three cents - and you know one of the reasons detroit was so great. Was you know everyone believed in the auto industry? And if you worked in the auto industry, you were respected because it was the innovation and the technology, and when you take that away, you lose pride. You lose pride in your country because you're not producing anything. If you're just staring at some spreadsheet all day or you're, collecting a a check and you're doing nothing, so there is a there is a it is built into the american spirit to produce and make things and again i'm back to that.

You know. Reading the american history i'm doing - and even you know before uh you know in the 1700s, the 1600s or you know all through the 1800s manufacturing epicenter of the world, because it's just in our spirit to make things - and i think a lot of that spirit has Been broken by taking that away and we've got the best workers in the world. We've got the best work ethic in the world and saving three cents on a freaking pen. It ain't worth it.

It needs to come back and those idiots starting with jack welch he's probably the worst one at ge. You know, oh here's, a great idea, you know whatever man, so no i agree and there are there. There are uh. You know scenarios where probably quite a few scenarios where it does make sense to kind of just like really uh have a well-versed support.

Listen if the raw materials are right there. Okay, i mean i mean listen if you've got wherever it is. You know green land. Well, i'll choose something: nice, no! You know nice and impartial.

Nobody cares about greenland. Okay. If, if the resources are there, the ports are there and it makes sense to make it there. You make it there, okay, but you don't move it over across the world ship.

The ship, the raw materials over there assemble it ship it back and you know and save three cents, and you know and now you've got. I mean, remember the whole idea behind ford henry ford. I mean his whole idea was make this car affordable, that my that and i can pay my workers enough to buy my camp cars. That's why ford was so successful.

You know it's it's so funny too, because it's it's the people, so many people rather complain about. Like low minimum wage and whatnot, yet we're supporting companies that are paying their employees, 50 cents a day, number 50 cents an hour. And it's you know yeah. If we brought a lot of this back here and i'm not saying all of it, but if we brought production back here, one minimum wage would increase because we would be paying our workers more.

We would be. I don't know it's it's a cycle there. It's i mean it's just such a it's. It's such a simple concept because it's like, if you were like i mean i mean if you, if you think about it, if you started your little village, okay, what makes sense then here's your little village in rural, texas, okay and you've and you've got a baker And you've got a you've, got a uh, a butcher and you've got a a coffee guy and you got a furniture guy and you got a banker okay and what makes sense where? Where does it make sense? You i mean you, you build your your community's wealth by supporting others right, you stay employed, you bring pride, you bring.

Craftsmanship in people are proud that they can see that oh bryce bought my chair and it's out there on his front porch and you you build. That's that's how you build a community, that's how you build a country up, but if you're gon na, if you're gon na pillage that so that you can get a bonus because you saved three million dollars this month and you don't care, you know it's just it's! So short-sighted, it's frustrating and it just i look back and again. I know this is more bitter old man stuff, but i just it just you look back at world war ii again where, where the the amount of mobilization and the amount of military gear that we made in a matter of a short period, no one else could Do that? Okay, we won that war because no one else could churn out the guns and the tanks and the planes like we could and then all of a sudden the war ends and everybody thinks oh, let's ship it across the world.