Today I Want to talk about how the SEC is finally addressing the halted squeezing Mmtlp. First test appears was grilled today about Mmtop by Charles Payne and tomorrow Gary Genslaw face a separate grilling testifying in front of the house Financial Services Committee so stay tuned and let's make some money now on a dive straight in with the accumulation. So first let's hear what Charles Payne Had to ask Hester Pierce about Mmtlp and how she responded is the plan to bail hedge funds out when they're failing I don't want to be part of that and so I think we need to be very judicious about what we ask for because if we if we start asking for more, people are going to come asking the government for bailouts. So I wanted to quickly touch on the fact that Hester Pierce is saying that hedge funds may need bailouts.

She's saying that obviously she doesn't want hedge funds to receive bailouts like has been given to these Banks but she's saying that hedge funds May soon need a bailout. This is actually really interesting because it goes to show that hedge funds are actually struggling more than people would think. They're obviously struggling so much that Hester Pierce is debating bailing out hedge funds already now. obviously this is something that would never go ahead because the banks barely receive a bailout, let alone these hedge funds.

But as I said, it is interesting to know that actually many hedge funds out there are struggling and are likely already in solver. you know? but there are some hedge funds that you know we. we'll know where they'll be that they'll be here as long as the planet is here. They've gotten so large and so big.

But let me ask you about this case. this Mmtlp uh which apparently the company was supposed to offer a preferred dividend and and the next Bridge hydrocarbon. And about four days before all of this was going to start to go down, the stock was abruptly halted and be listed. investors money have been frozen.

There have been major complaints about fraud the way the stock was traded. Apparently their transcript between Finra and the SEC that reveal maybe even Regulators were aware of all this. So how do you explain the Injustice of this case? I think the big Ew that we've and I've certainly heard those concerns and I think the big we need to to take from this is we need to do a better job communicating about what happens when certain things happen, What happens with this particular case, Well for it will they release the federal blue sheets for Mmtlp? I Mean can we get a sort of post post morning right now people are are talking about this. People say my money is Frozen that they see this as a deliberate attempt once again to derail regular investors.

Well again, when people are having issues like that I do encourage you to contact the SEC that's why you're in the show please. How help us out here I Mean this is the runaround that. Listen, we were promised dark pools. Uh, you know, uh.

paid for order flow. All of these things have been thrown up as particular as the things that could be changed for the last three years. Are you waiting for individual investors to lose interest? Uh to lose all of their money? They're not going to do either of those things and still, it's the waiting game. The complaints have been filed.

When do we get some action on those complaints now? I Also really like how Charles Payne here says that retail investors won't be getting bored and won't be selling their stocks. This is something we know and that is absolutely true, but it's something the SEC and these hedge funds still haven't got into their heads. But it is great to see Charles Payne mentioning it directly to the paid off. FEC Letting them know that you guys the SEC and these hedge funds will not win because we've already won, We won't be getting bored, we won't be selling our shares, and these hedge funds will have to buy back our shares at whatever price we set well.

I Mean there's one thing dealing with with current issues, which again, I urge people to write in. It sometimes does take some time to sort through these issues, but but we we do take those inquiries seriously. In terms of the policy issues that you raise. I think we have to level set here and and I do believe that our Equity Market Structure Works quite effectively.

Now for retail investors now, are there changes that we can make? Absolutely should we make should we look at what those changes are? Absolutely. But we have to do things in a deliberate manner so that we don't break things along the way and end up with a worse Market structure. We actually now have no commission environment. We have the ability for people to trade very much more easily and cheaply than they ever have before.

and I don't want to lose that. Yeah, well. listen. I would rather pay a commission not to be ripped off in a different kind of way.

I mean people are into all of this. So, and you know you sound like a hedge fund brochure when you say that that's not the history and there are certainly there are certainly options for people who would prefer to pay commissions there. I Want to make sure that we have lots of different options in our market so that people who want commissions can pay commissions. People who don't don't have to.

All right? So I really appreciate you coming on. Thank you very much, Thanks for having me again soon! Thanks All right folks coming up! It's also crazy to hear Hester Pierce here dismissing everything Charles Payne has just said about Mmtlp and instead speaking about payment for order flow. She's ignored all of his questions and did not address Mmtop at all and said that actually, you guys should just send letters to the SEC as if we're not already doing that. She's basically trying to hop, skip, and jump through every hoop to avoid answering questions about Mmtop and instead just addresses payment for order flow.

She doesn't address the dark pools, she doesn't address what's happened to Mmtop or what's going to happen to Mntop in the future. Just says guys, payment for order flow is great, trust me. But we also know that Gary Gensler is going to be testifying tomorrow in front of the house Financial Services committee where he will be questioned about Mmtop. I Think this will be really, really interesting because while Hester Pierce can skirt around and jump through hoops to avoid answering Charles Payne's questions, Gary Gensley will not get off so lightly.

It says here: SEC Chairman Gary Gensler is expected to answer inquiries on Mmtlp. During a hearing on Tuesday April 18th. Earlier this month, we found out that Congress was getting involved in the Mmtop. Scandal through a leaked letter sent out to the Meta Materials CEO Congressman Bill Posey said in a letter that he's been hearing from a variety of constituents on retail's concerns involving Mmtlp and now as a result, Congressman Warren Davidson has confirmed that SEC Chairman Gary Gensler will be questioned about Mmtlp in front of the house tomorrow.

And as Nate tweeted, he said maybe the house Financial Services committee should also look into what's lurking in a wall Street's dark pools. Prior to quarter three, quarter four of 2020, all trading was performed on public exchanges or pretty much all trading. Whereas obviously, since Quarter four of 2020, the majority of trading is actually now happening in these dark pools. Dark pool trading went from being one to five or ten percent of all trading volume to now being more like 50 to 60 to 75 percent of volume.

And that's just the volume across the market as a whole. In some specific stocks like AMC, that trading volume is closer to 90 to 95. And as Genevieve tweeted, this is all happening at a time when Apple is launching a high yield savings account. The Apple savings account is offering a 4.15 interest rate and she said meanwhile, the average savings account interest rate in America among the top major big Banks is just 0.37 and she said is Apple turning into the new JPMorgan But as Astro tweeted, he said when the most valuable public company in the world begins opening savings accounts to get in additional Revenue Despite being the biggest beneficiary of numerous Tech bull runs in history, he said that should give everyone a clear signal what kind of disaster of a market we're about to head into.

Apple is obviously trying to prepare for something where they think they're going to need tons and tons of cash and they won't be able to raise that cash through the stock market through issuing new shares or issuing debt as Astro is saying. Maybe that's because the next leg of the market crash is about to unfold and Apple knows that they're going to need tons and tons of cash. Even though Apple has been on the benefiting side of a number of bull runs in history, they're clearly still worried about what's going to happen. and Mr David Neo thinks that he's figured out exactly what's going to cause the next leg down.

He said, you're not going to believe this, but data analysts say that Algos or algorithms have lost control and he said there's a transfer of power in progress. If these algorithms have lost control of the market and they're spiraling out of control, trying to push the market up when it effectively needs the full, it's only going to lead to a bigger, bigger explosion. He said, in short, buckle up because if these algorithms have lost control, it's only a matter of time before the market ends up imploding and these algorithms trying to suppress AMC and GameStop end up exploding as well. And when that happens, The Wider Market will fall significantly, especially big tech companies.

and as a result, AMC and GameStop will end up squeezing. And we know that actually many hedge funds are still on the wrong side of this trade and still continue to be on the wrong side of this trade until today As Tabby Costa tweeted, he said cool option volumes surged again to an all-time high this last quarter, Basically saying that hedge funds and institutions are still taking out tons and tons of call options, likely through their algorithms, expecting the market to go up. He's at this level of interest in derivatives is highly associated with the current retail trading frenzy, and he said to be clear, this is not representative of a market bottom, and the bottom is still likely to come in just a few short weeks or a few short months time. these institutions are still betting the market will go up, which is effectively what's been pushing the market up over the last few weeks or the last few months.

But as these algorithms have lost control that soon, all gonna come to an end at a point when these hedge funds are the most long on the market that they've ever been. He said yes, the explosive growth in very short-term contracts also played a role, But broadly speaking, this is one of the most speculative environments in history. All these hedge funds and these market makers and these institutions are still massively and irresponsibly long on the market longer now than they've ever been, and when this explodes, it will explode in a magnificent fashion, crushing the S P 500 and causing the squeeze in AMC and GameStop. But guys, be sure to let me know what you think down in the comments below.

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