Stock market CRASH: What does Warren Buffett know that we don't??

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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.”


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GameStop, AMC shares skyrocket after Roaring Kitty returns; Dave Portnoy pumps $1 million into market

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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!'

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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
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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.

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'We're doomed.' Watch Crowder react to TikTok dance videos



A group of Army soldiers decided to showcase their dance skills in a TikTok video.

On Tuesday's show, Steven Crowder expressed concern after watching a group of female Army soldiers dance in a less than coordinated fashion on TikTok. "We're doomed," he began, adding that the women in the video "are not even good at dancing, which is concerning."

According to Crowder, dancing can indicate the group's overall coordination and teamwork.

"If they [the women in the video] get into a conflict with a potential threat like China and a dance-off settles it, we are still screwed," Crowder said.

Watch the clip to hear more from the conversation. Can't watch? Download the podcast here.


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