Wall Street Billionaires Are Starting to Bet On A Trump Win
'A reduction in the activist antitrust stance of the Biden-Harris administration will unleash productivity.'
A conservative comedian was escorted away from former House Speaker Nancy Pelosi (D-Calif.) after heckling her over her family's much-talked-about stock market trading record.
Comedian Alex Strenger was physically ushered away from Pelosi after playfully mocking the Democrat leader over her husband's outstanding record of trading stocks. The comedian called Pelosi “the greatest options trader of all time.”
'I just want to know; she makes six figures a year in Congress and has a hundred-million-dollar net worth.'
Strenger disguised himself as a liberal to infiltrate Pelosi's book signing at the Texas Tribune Festival in Austin on Saturday.
The comedian approached Pelosi while wearing a "White Dudes for Kamala" shirt, a Bernie Sanders hat, and a face mask.
Strenger introduced himself to Pelosi, "Hi, my name is Noah. I use he/they pronouns."
"I appreciate your, like, fierce, staunch defending of democracy," he said. "It really means so, so much, you know?"
"And, you know, like, honestly, like, I’m really scared about, you know, Donald Trump winning the election," the comedian continued. "And honestly, with all the disinformation on X, like, you know, I honestly, the only chance, like, that we have is for Donald Trump to spend the rest of his life in prison. That’s the only hope for democracy."
Pelosi replied, "We just have to win the election."
A security guard then intervened to shut down the exchange by putting her hands on Strenger and physically removing him by shoving him.
As he was being pushed away, Strenger asked Pelosi, “Well, Nancy, listen. Well, sure. Last question. What stocks should I buy? Nancy, you’re the greatest options trader of all time. I just want to know what stocks I should buy. What, I just want to know, like, what’s your biggest concern?”
Strenger trolled the liberals in the room by pointing out that there was security at the event and how it went against the progressive defund-the-police movement.
“The police are an instrumental institution of white supremacy and racism," the comedian sarcastically quipped. "I don’t understand why they are even here at all. They should be defunded.”
As he was being escorted out, Strenger shouted: “I just want to know; she makes six figures a year in Congress and has a hundred-million-dollar net worth. Don’t y’all want to know what stocks she should buy? Come on. I just want to know. I just want to know what stocks to buy. I want to close the wealth gap. What’s the problem? I just want to close the wealth gap.”
Pelosi was paid $223,500 annually as speaker of the House and now makes a $174,000 salary as a member of Congress.
Pelosi and her husband have a combined net worth of nearly $245 million based on the price movement of stocks in her portfolio as calculated by alternative stock data platform Quiver Quantitative.
Strenger posted the video on the X social media platform with the caption: "Assaulted by @SpeakerPelosi’s Security Detail when all I wanted was stock advice."
At the time of publication, the video had been viewed over 268,000 times.
Strenger noted that Blaze Media personality Alex Stein — host of "Prime Time with Alex Stein" — has "mentored me, provided me with guidance, shared my posts, invited me on his show, and more."
He added, "Comedy will save the world from tyranny, and we need to mock these globalists into obscurity."
Pelosi has drawn scrutiny over her husband's exceptional track record of trading stocks. Paul Pelosi, a founder of a real estate and venture capitalist firm, has a history of making remunerative investments that critics see as conflicts of interest given Nancy's access to inside information due to her high-ranking position in the government.
In March 2021, Pelosi bought $10 million in shares of Microsoft just 12 days before it was announced that the technology company secured a government contract worth nearly $22 billion to supply U.S. Army combat troops with augmented reality headsets.
As Blaze News reported in July 2022, Paul Pelosi purchased millions of dollars' worth of stock in the Nvidia semiconductor company weeks before a Senate vote on a bill that would provide $52 billion in subsidies to the tech industry.
Pelosi’s stock options gained more than 65% in 2023, according to analysis by Unusual Whales.
Pelosi was questioned about Congress members trading in the stock market when they may know insider information because of their duties. Pelosi snapped back, "We are a free-market economy. They should be able to participate in that."
Drew Hammill, Pelosi's communications director, told Fox Business in 2022, "The speaker does not own any stocks. The speaker has no prior knowledge or subsequent involvement in any transactions."
The Stop Trading on Congressional Knowledge Act of 2012, also known as the STOCK Act, made it illegal for family members and members of Congress to profit from insider trading. A 2023 report from Business Insider claimed that 78 members of Congress failed to properly report their financial trades as mandated by the STOCK Act.
For a deeper analysis of how Congress members apparently profit from being incredible stock market experts, watch the Blaze Originals documentary titled: "Bought and Paid For: How Politicians Get Filthy Rich."
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Americans woke up on Monday morning to a stock market plunge after a bad day on Friday. The Dow plummeted hundreds of points, Warren Buffett is selling stocks like crazy, and to top it all off, Japan’s stock market had its worst day since 1987’s Black Monday.
Glenn Beck is understandably worried.
“Friday, we had a bad jobs report. We’re still not in a recession; indicators are showing that we’re headed towards one, but the indicators have been wrong before. We are headed towards one; we’re headed for a depression at some point,” Glenn Beck warns.
Glenn is concerned about what this might mean for ordinary Americans and the United States economy and consults financial expert Carol Roth for some advice.
Roth explains that while the Fed did not lower rates, it might be on the table in September.
“Normally, you would say, ‘Okay, the market wants the Fed to cut rates,’ but what happened is then we got a weak job report on Friday, and while sometimes the bad news can be good news for the market, in this case, they took it as bad news,” Roth tells Glenn.
“The Fed was behind the curve in terms of lowering rates,” Roth continues. “They felt like maybe this whole idea of a quote ‘soft landing,’ the idea that you can get the inflation down without wrecking the economy, is off the table.”
However, while it doesn’t look good, Roth says that “if there is any silver lining here,” it’s that the market did not open back up and continue to fall.
But there are still major indicators that something strange is going on, and one of them is Warren Buffett’s recent behavior.
“Another catalyst that we’ve seen is Warren Buffett,” Roth says. “He had lessened his position in Apple by about 49%.”
“That’s not lessening. That’s cutting it in half,” Glenn says. “He’s making some of the biggest sales he’s ever made. It’s almost as if he’s becoming bullish on America. What does he know that we don’t know?”
“Starting in 2019, he doubled down on Japan. So he has five really big companies and really big positions in Japan. So the day that we’re talking about Japan going down and at the same time the U.S. is going down,” Roth says. “It is interesting.”
To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis, and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.
President Donald Trump warned in the lead-up to the 2020 election that the stock market would crash in the event that Joe Biden and Kamala Harris were afforded an opportunity to lead the nation. When the crash did not come immediately, the liberal media laughed off his warning as politically charged nonsense.
Again, earlier this year, Trump warned that the market would be headed for trouble under the Harris-Biden administration, and again he was mocked like the Cassandra of Greek legend.
Sam Stovall, chief investment strategist at CFRA Research, was among the many who shrugged off Trump's doomsaying, telling CNN, "Fear sells."
The X account for what is now the Harris campaign shared a post in May mocking Trump's warning. President Joe Biden re-shared the post along with a meme insinuating Trump was a loser.
Months later, it became clear that Trump's fears, though premature, were justified.
A dismal Labor Department job report landed Friday, fueling fears of a coming recession and sparking a market selloff. Amid the U.S. market nosedive Friday, Trump responded on Truth Social, writing, "Kamalanomics."
'Of course there is a massive market downturn. Kamala is even worse than Crooked Joe.'
Markets tanked again Monday morning. Blaze News noted that the Dow opened down more than 1,000 points and as of mid-morning hovered about -2.6% overall. The tech-heavy Nasdaq, meanwhile, was down over 560 points or 3.36%.
The Chicago Board Options Exchange's Volatility Index (VIX), which reflects the market's expectations for the relative strength of near-term price changes of the S&P 500 Index, has shot up 170% since Friday and is poised for its biggest single day rise on record, according to Reuters.
Trump spared no time swapping out his warnings for blame.
"STOCK MARKETS ARE CRASHING, JOB NUMBERS ARE TERRIBLE, WE ARE HEADING TO WORLD WAR III, AND WE HAVE TWO OF THE MOST INCOMPETENT 'LEADERS' IN HISTORY. THIS IS NOT GOOD!!!" Trump wrote on Truth Social.
Trump later wrote, "Of course there is a massive market downturn. Kamala is even worse than Crooked Joe. Markets will NEVER accept the Radical Left Lunatic that DESTROYED San Francisco and California, as a whole. Next move, THE GREAT DEPRESSION OF 2024! You can’t play games with MARKETS. KAMALA CRASH!!!"
Having clearly settled on the alliterative put-down, Trump again took to Truth Social, writing, "VOTERS HAVE A CHOICE — TRUMP PROSPERITY, OR THE KAMALA CRASH & GREAT DEPRESSION OF 2024, NOT TO MENTION THE PROBABILITY OF WORLD WAR lll IF THESE VERY STUPID PEOPLE REMAIN IN OFFICE. REMEMBER, TRUMP WAS RIGHT ABOUT EVERYTHING!!!"
Trump's running mate, Sen. JD Vance (R-Ohio), took to X to note that this "moment could set off a real economic calamity around the globe. It requires steady leadership — the kind President Trump delivered for four years. Kamala Harris is too afraid to answer media questions and cannot lead us in these troubled times."
Rather than acknowledge the market bloodbath, the Democratic Party elected instead to celebrate Harris' record Monday, lauding her and her former running mate for "one of the greatest economic comebacks of any administration."
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A stock trader who goes by the name Roaring Kitty returned to the limelight, sparking a market frenzy around stocks that are considered meme stocks, which are seemingly propped up by the momentum of the internet.
Keith Patrick Gill, aka Roaring Kitty, was known for starting a firestorm in the meme stock category by encouraging a short squeeze on the GameStop (GME) stock in 2021 and then disappearing from the online community.
Gill returned by posting a meme on May 12, 2024, at 8 p.m., and by the next morning, the GameStop stock prices had once again soared.
The meme in question simply showed a person playing a video game and making a motion of leaning in, which is a metaphor for taking things seriously. A nearly identical meme was posted by GameStop in February 2024 with the caption "casual to competitive" on the image.
The morning of May 13, 2024, GameStop shares opened at around $21. Within 24 hours, they nearly quadrupled to around $80.
GME wasn't the only meme stock to see resurgence either.
'Every time I think I'm out they pull me back in!'
None— (@)
Movie theater AMC Entertainment Holdings Inc. (AMC) saw similar gains.
AMC opened May 13 at around $3.10, then also approximately quadrupled in 24 hours to over $12.50 per share.
Both of the brands were helped not only by the circulation of the meme and the many memes to follow but by Barstool Sports owner Dave Portnoy once again injecting himself into the fray.
"You wanna get nuts [Roaring Kitty] let's get nuts!" Portnoy wrote on X. "Every time I think I'm out they pull me back in!" he added.
"Breaking news, I can't f***ing miss a f***ing 50 year storm. You wanna f***ing party, let's f***ing party," Portnoy said in his breaking news video.
The sports brand operator then announced that he was buying $500,000 worth of AMC stock and $500,000 in GameStop stock.
"You wanna know who's on this ship? I'm on this f***ing ship. Let's f***ing go!" he added.
You wanna get nuts @TheRoaringKitty let's get nuts! Every time I think I'm out they pull me back in! #GME #AMC #ddtg— (@)
Both GameStop and AMC were seen as struggling and nearly extinct franchises in 2021 until Gill gained national attention for his remarks on GameStop. The meme stocks then took on a life of their own through Reddit.
Trading was pushed to its height through the Reddit group Wall Street Bets, along with Portnoy and Gill.
Portnoy even had a very public clash with the CEO of trading app Robinhood over the company's decision to stop trading on GameStop shares.
Robinhood CEO Vladimir Tenev went head to head with Portnoy on Fox News, with Tenev saying his company supports "the little guy."
"We're all about that," he added.
"You did something and gave a huge advantage to the big guy. That is the exact opposite of helping the little guy. You killed the little guy," the Barstool Sports founder came back.
Mainstream stock advisers warned casual traders about this latest trend.
Roaring Kitty "seems to be the most likely suspect for the renewed interest [in the stocks] but I would be careful not to characterize the participants in this phenomenon as investors," Art Hogan, chief market strategist at B Riley Wealth told Reuters.
Gill, on the other hand, has seemingly done nothing but post memes and movie clips since the stocks have once again become their own unpredictable entities.
None— (@)
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“Give me your tired, your poor
Your huddled masses yearning to breathe free.”
“Give me your cunning, money-hungry politicians
Starving for riches and power.”
You know that’s not how the poem goes.
And yet, take one look at our fabulously wealthy members of Congress (ahem, Nancy Pelosi) – whose salaries range from $174k to $223.5k per year – and it’s obvious America has become a place where those who are supposed to serve the country are actually exploiting their positions of power for personal gain.
It turns out earning a degree, starting a business, or even taking a job on Wall Street isn’t the easiest way to earn the big bucks in the United States.
But getting elected to Congress? Now, that’s a surefire way to line your pockets for life.
What would it be like if you were able to buy shares in companies you regulate, or invest in defense contractors right before a war breaks out, or sell your stocks because you found out before everyone else there’s going to be a global pandemic?
We wanted answers to those questions, so we sent James Poulos and the Blaze Originals team to Washington, D.C., to expose how members of Congress get filthy rich.
Featuring X user Unusual Whales, Rep. Matt Gaetz (R-Fla.), Rep. Chip Roy (R-Texas), and former U.S. Rep. George Santos, this documentary shines a light into the shady dealings of America’s corrupt politicians.
Join us on Wednesday, April 10 at 8:00 p.m. ET on YouTube and BlazeTV for a very special live premiere hosted by Glenn Beck, and watch the full episode immediately after.
For more docuseries with your favorite BlazeTV hosts covering groundbreaking issues in the most important regions of our national theater, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.