Wall Street's Shadow Market | 60 Minutes Archive

Steve Kroft reported on the financial instruments that fueled the 2008 economic crisis.
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[@iamlaurenmoe]

Opinions on the market diverge; some claim overvaluation due to rapid gains, while others cite strong economic fundamentals justifying high valuations. Raises concern for my $600K equities going 8% up and 20% down. Should i hold on or sell off my positions and hold cash?

[@YearousMona]

In fact, markets have incorrectly priced in such a pivot six times over the last two years, according to Deutsche Bank, which sounded cautious about this seventh time. Still showing us why pointers from market experts are essential

[@michaellaw321]

A lot of folks downplay the role of advisors/experts until being burnt by their own emotions. I needed a good boost to stay afloat, hence I engaged the services of a true market strategist to help rejuvenate my portfolio and boost performance and returns by 90% in a little over four years.

[@theTeslaking]

sounds fantastic! Would you kindly recommend that you hired this expert? I find it really tough to choose which positions to add to my portfolio.

[@michaellaw321]

Well, I chose Sharon Ann Meny as my advisor after her interview on CNBC In 2020. She is SEC regulated with offices in the US and quite frankly a genius with portfolio diversification.

[@theTeslaking]

Excellent share, just inputted her full name on my computer and searched online, top-notch credentials. I've seen commentaries about advisers, but not one looks this phenomenal.

[@liviuion3898]

Stocks all the way! Despite the heightened volatility in the stock market, I recently dived in and invested $80k in a mix of ETFs and individual stocks. My goal is to capitalize on the current S&P 500 downtrend. what could be accurate predictions moving forward? Open to chat.

[@richarddamien4654]

There are tools that allow invstors to invst in companies before they hit the stck mrkt, multiplying those potential gains that otherwise wouldn’t be available after the initial public offering. That’s what I am up to, steer clear frm the equities nd bond mrkt, my humble opinion.

[@danielcovelli72]

I'm in total agreement! I've hd the privilege of wrking with a seasoned pro for nearly 4 yrs, who hs a track record of successfully launching IPOs. We got in on the ground floor with a modest invstment, nd it skyrocketed like a rocket ship! Our profits frm GME alone exceeded $4 million in 2020/2021. Although inflation hs taken a bite out of our nest egg, we're fortunate to have Monica expertly managing our wealth, jst as she has done for the past 3-4 yrs.

[@cynthia-brook]

Definitely private investing is the way to go. Our government keeps lying. I’d like to earn like that is it a private equity fund or mutual funds investing?

[@liviuion3898]

@daniel wow impressive, how were you able to achieve this despite the downturn?

[@clementdan9417]

this is incredible! how can I reach this seasoned pro you are working with, mind sharing info, if you please?

[@benitabussell5053]

With the threat of a looming financial crisis potentially causing havoc in the stock market and leading to downturns, it's essential to brace for potential market volatility. The key concern is how to safeguard my $600K stock portfolio against decline.

[@A_francis]

Amidst any crisis, investors need to understand where and how to allocate funds to hedge against downturns and still make profits. if you can't navigate the market you should consult with an expert advisor

[@RickWatson-xu6gw]

The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, invt-advisors are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, my portfolio has yielded nearly 300%, summing up to 7-figure as of today.

[@benitabussell5053]

Pls who is this coach that guides you? I’m in dire need of one, my stock portfolio is declining even in a bulll market.

[@RickWatson-xu6gw]

*Sharon Lynne Hart* is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment

[@samuelslapshak130]

Ben, I honestly recommend you look into storing your saving in bitcoin. Reach out to me if you’d like more explanation but I’m not here to shove it in your face. Best of luck

[@tonysilke]

With inflation at 3.70%, I'm looking to enter the market now and ride it out as the economy improves. I'm putting together a $350,000 portfolio with Stocks and ETF's. Do you have any recommendations with solid cash flow?

[@PatrickLloyd-]

Knowledgeable Investors know where and how to put money during a crisis in order to reduce risk and maximize returns. See a market strategist with experience if you are unable to manage these market conditions.

[@PhilipDunk]

You're right, I and a few Neighbors in Bel Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter.

[@Nernst96]

Hello thanks for replying, I'm curious to give this a try. Please who is your advisor and how do I get in touch?

[@PhilipDunk]

Well, I chose Sharon Ann Meny as my advisor after her interview on CNBC In 2020. She is SEC regulated with offices in the US and quite frankly a genius with portfolio diversification.

[@Nernst96]

I just found her webpage and read through her educational background and qualifications, which were all very impressive. So I scheduled a call with her.

[@derekblackthorne]

*It's happening all over again, and it will never end. The game is rigged.*

[@Alpharizzchad]

Not if you are locked in to a low rate. They will try. Just don't back down

[@jonslg240]

8:40 you can tell he's guilty as sin and doing everything he can to mislead without outright lying. He looks like a kid who told his mom he didn't eat the cookies when the mom points out he's got crumbs all over his shirt.

[@aymanhawari2589]

Except this time we know. Game apes aren't leaving. Hold till Valhalla

[@d.diggler9936]

At 9:25, that was an uncomfortable silence.

[@bdrg999]

8:51 that greaseball can’t hide the smugness in his face. They knew exactly what they were doing, selling bad products and getting high and fat off fees, and they knew they wouldn’t be held accountable for it

[@Alpharizzchad]

He never really said anything about the crime

[@williamsu5552]

"you can't model human behavior with math."

[@MattCRHughes]

2:51 I laughed out loud. He’s not wrong.😂

[@chkee17]

The influence of incentives in precipitating crises is a well-documented phenomenon. Individuals often engage in excessive actions to maximize their personal gain, which can ultimately lead to unintended negative consequences. This human tendency is a significant factor in understanding the root causes of various crises.

[@Deitricklaverne]

Thank you and Good point.. the market has been crazy lately, a few surprises here and there.. with all the global happenings taking place I think it’s safe to say that a severe global recession is looming..

[@Deitricklaverne]

With the ever-changing global economy, tax laws and regulations can also vary, impacting how investments are taxed. It's essential to stay informed and adapt your tax planning strategies accordingly.

[@camela8445Mar]

That's true. Changes in tax policies, both domestically and internationally, can have significant implications for investors. It's crucial to work with financial advisors who understand these complexities and can help navigate them effectively.

[@camela8445Mar]

Honestly this cannot be overemphasized, helping people mitigate unforseen circumstances and mistakes .It's always good to have a financial plan,

[@benjamineprg4249]

the problem is that a lot of people don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.

[@benjamineprg4249]

It's crucial for individuals to diversify their portfolios, seek professional financial advice, and stay informed about market trends to navigate these challenges effectively.

[@Lecksite]

that summed it up well at the end of this vid. the ones at the top of the financial institutions decided to make themselves rich no matter how much damage it caused to how many people

[@ryaj2356]

And it only got worse after the Uber rich got their money back to do it all again. The poor lost their money. Homes, cars, all assets. The rich kept everything and even got all their investment back.

[@j.a.velarde5901]

I was too young to know about this when it occurred. Why were the responsible parties not blamed and punished, please?

[@JJ-mh3hb]

Lobbying aka bribery

[@WheelerRickRambles]

It’s a Self regulated industry…like…police investigating the police. And, They found no wrongdoing.

[@andrewmeyers-v1q]

This is America! Capitalism always wins

[@broken_casper]

Corruption lol

[@humanbeing5300]

Because they never are

[@WheelerRickRambles]

I wanna be a Senator/House Rep so I can insider trade creating generational wealth for self & family.

[@user-qr7ee2cp4y]

Stop voting for the incumbent and maybe you'll become one too some day.

[@rexmundi273]

ETFs are like CDOs. ETFs: Throw a bunch of stocks together and let investors buy them, don't look at any fundamentals regarding the underlying stocks.

[@aymanhawari2589]

ETF are used to print fake shares/FTD ETF Short Interest and Failures-to-Deliver: Naked Short-Selling or Operational Shorting? Richard B. Evans University of Virginia Rabih Moussawi Michael S. Pagano John Sedunov Villanova University First Draft: March, 2016 This Draft: January, 2018 ETFs constitute 10% of U.S. equity market capitalization but over 20% of short interest and 78% of failures- to-deliver. While this disproportionate share of short activity has raised concerns about excessive shorting/naked short-selling of ETFs, we identify an alternative source of ETF shorting related to creation/redemption activities. This source, “operational shorting”, is associated with improved liquidity, but it is also associated with increased systemic risk. In exploring possible mechanisms for this risk relationship, we document a commonality in operational shorting across ETFs that share the same authorized participant and the financial leverage of the authorized participant appears to amplify this commonality. kzbin.info/www/bejne/pJTUZGiwp6t2d8ksi=7RGZ8Zydk60EAyPn

[@Korloko]

Privatize the gains, socialize the losses 🇺🇸

[@mattwassenaar456]

Swap = unregulated/illegal insurance. Check. Permission from SEC = corruption. Double check

[@ThickBanana]

Does anyone know the total of Goldman Sachs' options at this point (in tens of trillions of dollars)?

[@TribalCashAA]

As long as there are fewer and fewer foreign buyers of U.S. bonds, the U.S. will be forced to use more and more complex derivatives to tie up and slow down dollars. The biggest danger is that foreign governments may start propping up their currencies the same way.

[@Alpharizzchad]

It was the Foreign backs that sold the loans. Most were busted ( Google it) and the US government sued them. But we're did the money go

[@nelsonnunez7149]

The nature of their risk is no effect to them … it only affected the %99

[@tomciolino429]

JP Morgan Chase invented this and sold them quickly to end their exposure. That’s why they didn’t need a bailout during the crisis !!!

[@Judess89]

Hey 60 minutes!

[@ryaj2356]

Why did tax payers pick up the tab for greedy investors? All reward with no risk?

[@stevenm7211]

2:52 you hear that John Nash?!

[@dinkeydink9376]

Who are the winners that took all the money? They never ask that question. Uncle Sam(tax payers) paid trillions to the winners. Think we all are entitled to know who they are.

[@mzreesiereese1442]

Seeeee, I already knew we were in a recession...they just not saying it!!🤷🏿‍♀️

[@mr.monitor.]

They changed the definition of the word in 2022😅

[@broken_casper]

@@mr.monitor.y’all are brain dead 💀it’s been more 2 😂😂

[@mr.monitor.]

@@broken_casper What? I can't read ebonics

[@LaurieValdez-zk3dy]

$$$ 😢 We're headed for the Great Depression all over again

[@thisisme3238]

No way

[@mr.monitor.]

It's already here. Just drive around and look

[@thisisme3238]

@@mr.monitor. Why do you think that way?

[@broken_casper]

Ur getting drafted rejoice

[@LaurieValdez-zk3dy]

@@broken_casper oh you have an awesome sense of humor thank you God bless

[@djlemoncello6064]

Looks like real organized crime.

[@jjg1501]

everyone with just a touch of common sense could have told you how this entire thing would play out. its not hard to know someone making 50k a year will default on a million dollar house.

[@Alpharizzchad]

The problem was in 1990s the housing Bubble. Back then a 800 thousand dollar house was selling for 165. I know I was able to buy mine. Today the house is noted for more. People forget that interest rate was 18-21% 1980-1989.then the bubble hit. And the bank's are not into selling houses for they get paid upfront for the FHA loans and then paid to service the loan. So they just dumped them on the market. And there was a flood of homes

[@jjg1501]

@@Alpharizzchad so wrong. people were just getting loans that made them appear to cost 165 or even much less for a couple of years until the arm adjusted to multiples of what it was.

[@jameslaskowski2540]

Disgusting Did aig ever payback their rescue money?

[@lonnieyancer3256]

They just buy them out right now. So they can borrow and speculate with the equity. Still keep that monthly return. Stop saying it’s complicated. Greed is not complicated. Just follow the money.

[@humboldthammer]

Follow the money? TRILLIONS unaccounted for by our own DoD (Department of Defense) -- TRILLIONS !! Borrow + Bomb = the False Profit we the sheeple still follow since 2001. Trump 2017: "Every nation for itself . . . in the Name of GAUD." Grand Architect of Ur Destruction. Biden 2020: "Nothing will FUNDamentally change."

[@graymars1097]

Oh those numbers were so big back then but now they're "meh" numbers 😂 thank God we're in good hands 😂 /sarcasm God help us all

[@eddiet2602]

How can I make money off this

[@humboldthammer]

Sell America short

[@nelsonnunez7149]

These financial %1 are so evil ….

[@Alpharizzchad]

The main One they used Bank of the West to buy up all the property and Package them and then sold them.Recived full payment from the. FHA. And then received money for service the loan. And you couldn't buy the stock? After the they made a huge amount of money. They sold the Bank. Today it's called BMO. They went out of the country for BMO is the Bank of Montreal. That Canadian 😅

[@bretwebber7484]

Wazzup!😊

[@Dieselpwr]

Sound like let’s push the market to breaking Point

[@genieruddle8]

YIKES!!😫🤬

[@1974rail]

Ask a democrat!

[@samuelslapshak130]

Hey everyone, Bitcoin solves this. All of it. Reach out to me if you’re sick of fiat money. Cheers.

[@franko8572]

Boom baby boooom!

[@raze1918]

😁

[@blakeaaron5698]

Crypto, anyone?

[@Iamat710again]

Gold and Silver!!

[@maximumoverload5134]

Trump 2024 MAGA Trump the real MVP ( MOST VALUABLE PRESIDENT )

[@deathlarsen7502]

what a joke