November 29, 2025 • 39 mins
Chris Markowski reflects on Thanksgiving, expressing gratitude for family and cherished memories. He discusses the importance of recognizing 'last days' in life, emphasizing the need to live in the moment. The conversation shifts to the political landscape, critiquing current economic policies and advocating for a return to conservative principles. Markowski also addresses market volatility, warning listeners about the risks of trading and the importance of long-term investment strategies.
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Speaker 1 (00:07):
Well known author, investment banker, consumer advocate, handlyst trader Chris
Markowski is the watchdog.
Speaker 2 (00:15):
The Wall Street.
Speaker 1 (00:16):
Do you want to answer exposing the lies and myths
that the big brokerage firms, the mainstream press, and the
government are pushing to keep Americans away from financial freedom.
Speaker 3 (00:28):
You can't handle the truth.
Speaker 1 (00:30):
Bringing America the truth about what really happens in the
financial world. Ladies and gentlemen.
Speaker 3 (00:35):
We're not here to indulge in fantasy, but in political
and economic reality.
Speaker 1 (00:40):
This is the watchdog in Wall streets.
Speaker 2 (00:44):
All right, Happy Thanksgiving? Him Happy Thanksgiving.
Speaker 3 (00:49):
Always some an honor to be in front of this
microphone every year.
Speaker 2 (00:57):
And I talked about I love Thanksgiving. I love the allday.
Speaker 3 (01:00):
I got such you know, wonderful memories throughout my entire
life growing up as a kid, and football games and
family and food and all sorts of stuff.
Speaker 2 (01:09):
I truly do love the holidays.
Speaker 3 (01:12):
And you know, over the past couple of years, and
maybe it's you know, just growing up a little bit
and getting a little bit get a bit long in
the tooth as an old man now just reflecting on
my life and just the enormous amount of gratitude I
have for everything, not just my wife, kids and family,
(01:38):
the fact that I get to I'm blessed. I get
to work with my family. I get to work with
my brothers, I get to work with my nephew. We've
built Markowski Investments up over three decades, busting our butts,
and yeah, it was it always easy. How many times
people say you work with your family, Yeah I do. No,
(02:03):
isn't always easy, but you know, look at what we
were able to accomplish, and it's it's truly a blessing
God willing. My kids want to come, some want to
come work for me, so don't not putting any pressure.
Speaker 2 (02:16):
I would love to have that as well.
Speaker 3 (02:19):
And of course all of you, my clients, the listeners
here on the program, even though some of your stubborn
it takes you a while to actually listen to what
I'm trying to get across here. And I'll talk about
that a little bit later on in the show today.
But without a doubt, without a doubt, I am truly blessed.
(02:42):
I want to talk a little bit about something today
I just just had. In October, I had my twenty
fifth wedding anniversary and I did a bit of a
podcast on it back at the time, and I've been
kind of waiting here on the radio show to talk
about it.
Speaker 2 (03:01):
A little bit and how I kind of like.
Speaker 3 (03:04):
Crafting things and the fact that I'm trying to get
across to my kids, you know, about the modern world
and the lies the modern world tells them. Oh, you know,
you gotta wait and have a great time in your
twenties and you know, do all this stuff, and you know.
Speaker 2 (03:22):
Party on, do this school, live in this city, go that.
Speaker 3 (03:24):
And then I tell my kids, I said, you know,
I take a look at my life, and I take
a look at periods of time when I, you know,
hadn't met my wife and was on my own and uh,
best best moments I've always been with her and my
kids without a doubt, hands down. And look about the
time I was out with my friends when I was younger,
(03:47):
and uh, I wish.
Speaker 2 (03:48):
You can't you know, can't change things, can go back
in time.
Speaker 3 (03:51):
I wish I met her earlier, quite frankly, and had
more kids, but but neither here nor there. And one
of the things I'm thinking about it at the time, and
I get hit with this a lot.
Speaker 2 (04:05):
I'm sure you do too.
Speaker 3 (04:06):
Our phones are constantly putting things on our screen, great
things on our screen now, and they put bad things
on the screen. But the one good thing that phones
do from time to time is it hits you with
some of those photos from yesteryear.
Speaker 2 (04:19):
And I was, I was thinking about it, you know,
as I look.
Speaker 3 (04:23):
At certain days, certain places, going to certain things when
my kids were younger. And this is part of gratitude
and in my opinion, front of me thanksgiving the fact
that I have so many of these as as melancholy
and as sad as they make me when I see them,
I've had, I've had so many incredible last days. What
(04:52):
does that mean?
Speaker 2 (04:54):
There's a last day? You don't know what it's going
to be.
Speaker 3 (04:57):
Okay, And again I'm older people understand this, or maybe
I'm going to remind them of this, Maybe we put
an idea in their head. Younger people, just be aware,
be aware that last days come and you don't know
when they're going to come. The last day I picked
(05:18):
up my kid and carried them to bed, last day
we went when they were young to you know, Christmas
Spectacular at Disney or Universal Studios. Last day coaching my
kids back when they were younger, when they were in
(05:39):
high school, had a lot of them.
Speaker 2 (05:45):
I've had a lot.
Speaker 3 (05:45):
Of really amazing, amazing last days throughout my entire life.
Speaker 2 (05:55):
Well, a few weeks ago, a few weeks ago.
Speaker 3 (05:59):
I got and I I haven't and I apologize to
some degree. I haven't figured out really how to talk
about this. I didn't talk about it on the podcast.
I haven't talked about it yet. Here my my best
friend growing up, and you all know, everybody knows you
(06:19):
have those friends, those friends, and this is the movie
stand by Me. Remember that they talked about it. You know,
the friends you had when you're like twelve or even younger.
And you know, again, I grew up in Upstate New York.
The ones that you know, you rode bikes forever, you know,
all summer long, you know, until it got dark out
you had to come home, whatever it may be, you know,
(06:41):
snow days and Upstate New York, you did everything with
these buddies, your neighborhood friends growing up, my best friend
growing up again, buddies on the football team throughout how
I just he had a battle for a long time,
(07:04):
a long time, and I tried, tried, not the only
one that tried, but tried to help him.
Speaker 2 (07:11):
He had a.
Speaker 3 (07:12):
Serious, serious problem with mentalist illness and depression, and unfortunately,
fortunately he couldn't take it anymore and he took his life.
Speaker 2 (07:27):
He took his life, and it I.
Speaker 3 (07:30):
Don't know, maybe he might have been able to detect
it in my you know, the conduct that I had
on the show or the podcast, or the way it
was at the time.
Speaker 2 (07:38):
It really hit me hard.
Speaker 3 (07:43):
And almost again it's an automatic response, at least it
is for me. You know, I talk about, you know,
owning everything that happens in life, and you know, feeling
responsible to some degree that whatever I said, whatever I did,
I couldn't help, couldn't help. Tried, many of us, tried
(08:06):
countless times. You know, he promised, all right, I'm gonna come.
I said, come stay with me, come live with you know,
you know, whatever you need, you know, come here. Yeah,
I'm coming, I'm coming, I'm coming. And you know, it
was a week and a half before took his life.
You know, the last thing he said to me is
I love you, buddy. And he promised again again, promising
to come down and go see a Bucks game.
Speaker 2 (08:29):
And and do some things together.
Speaker 3 (08:34):
Yeah, very very difficult to get your arms around that.
Speaker 2 (08:39):
And I guess the way that.
Speaker 3 (08:42):
The way that I'm dealing with it, and the way
that I'm you know, talking about this with my other
friends from back when we were in high school, is
to remember to remember all of those last days that
we had because we had some someone's growing up when
(09:02):
we were in high school and you know, whether it
be playing football in the snow against the older kids,
or some keg party we were throwing out in the
woods that we got a farmer to put us on
our k ride take, I mean, bonfire, all the all
the things that you know, we used to do as kids.
And again at the time time you don't think about it.
(09:26):
Time you and I said, okay, well so this is
the last time that this is going to happen, that
we're ever going to do this. I recommend I recommend it.
It's Thanksgiving. I know people are kind of like, you know,
some people are rolling their eyes. They've gotta gotta go
ay and they got to maybe see family that they
don't get along with, or they've butt heads with in
(09:48):
the past, or you know, political differences or just you know,
stupid nonsense like that. I recommend everybody out there, you know,
to try to put that aside, put that aside. You
never know one another last day is going to come
(10:09):
to pass.
Speaker 2 (10:10):
You never know. You never know.
Speaker 3 (10:14):
And it also teaches us, also teaches us to live
in the moment, even though I'm talking about things that
have happened in the past, and it's great being reminded
of those things, but we lose sight in today's day
and age the distractions. And I'm guilty of this too.
(10:35):
I'm guilty of this too, the amount of things that
you're hit with over the course of the day, doing
prep work again, as you know, trying to be as
meticulous as I can with everything that I do. You know,
what do I gotta do tomorrow, what I gotta do
the next day, and and as organized as I possibly can.
And sometimes you forget that you have to be in
the moment and be in the here and now. And
(10:56):
I'll think about that, and I get up in the
morning and I'm doing my prayers early in the morn morning.
I gotta yeah, I gotta give up the wheel a
little bit, you know, trust Jesus, trust God, you know,
to to point me in the right direction. Be a
little bit more present to the people around me, because
you don't no, you don't know. Never never leave the
(11:20):
house angry with anyone. Reconcile, live in the here and now,
because I'm going to have many many last days, many
many last days, and I think we really need to
do the best to appreciate them, to praise him. The
(11:44):
here now as great as it is, as wonderful as
it is to have those memories brought up to you
on your phone or you're you're you know, scrolling through
where somebody you're hanging out with your buddies. Oh you
remember that time. Okay, it's never as good as that time.
Just something I'm under address today. I mean, I know,
I know, I usually do talk a little bit about
(12:05):
the you know, the old Rush Limbaugh, you know, Thanksgiving
message and the first Thanksgiving.
Speaker 2 (12:11):
Get into that my own way today with this.
Speaker 3 (12:15):
Something I'd like to share with you this Thanksgiving weekend.
I'm gonna take a quick break right here. You're listening
to The Watchdog on Wall Street Show. This is Chris Markowski,
and again I like to remind everybody to become a
part of our family at Markowski Investments and The Watchdog
on Wall Street Show. Get to our website at Watchdog
(12:39):
on Wallstreet dot com. Watchdog on Wallstreet dot com is
our site, our personal CFO program or podcast, newsletter, all
sorts of great things.
Speaker 2 (12:49):
Watchdog on Wallstreet dot com.
Speaker 3 (12:51):
Give us a call eight hundred four seven fifty nine.
Speaker 1 (13:12):
You should believe in math not magic. You're listening to
The Watchdog in Wall Street with Chris Markowski.
Speaker 3 (13:21):
Look back, everybody, it is the Watchdog on a Wall
Street Show. Ah, I gotta ask everybody a favor. I'm
not good at this. I'm really not. I'm just my nature.
I don't like that. I like to do it all myself.
I don't like to ask people things. But I can
ask everybody a favors listening to this program right now.
The dynamics of what we do here at the Watchdog
(13:44):
and Wall Street Show and Markowski Investments, it's changed over
the years, big time over the past eight I'd say
years in regards to the deliverance of media. I used to,
you know, radio rule today and yeah, you know we
still you know, rule the radio airways when it comes
to business programming.
Speaker 2 (14:04):
But to get the word out you got you gotta
be digital now.
Speaker 3 (14:08):
And this is why we do the Daily Podcast and
Money Minutes, and I'm on YouTube and Spotify and Apple
and all these things. You get a chance, you can
do me a solid. Subscribe, subscribe to our podcast. It
really helps. It helps in regards to the algorithms. It
helps to get the word out. It's just the nature
(14:29):
of the beast today. They get all the crazy influencer
people out there that do all sorts of crazy things
so they can get clicks.
Speaker 2 (14:36):
And all that stuff. Yeah, I'm not gonna do that, okay.
Speaker 3 (14:39):
But yeah, if you you subscribe, give a rating there
on the podcast, it really helps us out.
Speaker 2 (14:46):
That's the nature of the beast today. Kids. It is
what it is as well. Okay, I gonna do something
for you.
Speaker 3 (14:51):
And we always have Our doors are open to everyone,
always have been at Markowski Investments. There's no no bouncer
our door, there's no velvet rope. We help everyone out,
all investors out from all walks of life. And I
got a story a little bit later on today. Again,
it shook me this week, but these things always shake
(15:12):
me right underneath my nose. People getting ripped off should
have listened to us. But anyway, neither here nor there.
Everything at our website is available to everyone our personal
CFO program, where yes, you get to work with the
Markowski family, get to work with us. You have access
to our lawyers, our accountants. All the tools that we have,
(15:32):
we provide them to everyone. We're the only firm like
this in the country. We're not gonna change. We're not
gonna shut our doors. We're not gonna put limits on people.
That's not how we operate. You get to Watchdoganwallstreet dot com.
Sign up for our personal CFO program. Thanks, sign up
for our podcast. There count repair kits, all sorts of
(15:53):
great stuff at Watchdoganwallstreet dot com. Okay, and I usually
go old school and talk a little bit about it
because Rush Limbud did a really good job about the
first Thanks skim talking about it and the going from
socialism to capitalism.
Speaker 2 (16:10):
But I'm gonna I'm gonna make a suggestion.
Speaker 3 (16:14):
I'm gonna make a suggestion to our president this weekend
because I'd like him to do well. I really would.
I'd like him to do well. I need him to
channel his inner Ronald Reagan. Maybe me here's may he's
with his family this Thanksgiving. Maybe they need to go
old school. Throw on some nineteen eighties classics. You know,
(16:36):
I get watch Go Back, Go Go, Great Thanksgiving movie, trains,
planes and automobiles. You go go back and watch. Oh
but I don't care, die Hard, some of the eighties
classic movies, Breakfast Club, you name it, just watch it. Okay,
mister president, remember the eighties because cause we're going to
(17:01):
point right now where again I think he's getting, of.
Speaker 2 (17:05):
Course, you really really horrible advice.
Speaker 3 (17:08):
He's getting horrible advice, and he's coming up with ideas that,
quite frankly, are nonsensical. They're not conservative by any stretch
the imagination. Tariffs, two thousand dollars checks, looking to expand
the Biden era covid era, Obamacare subsidies, subsidies for farmers,
(17:35):
subsidize this. Now, this is not Reagan. Okay, this is
not conservatism by any stretch of the imagination.
Speaker 2 (17:43):
We need more of that now.
Speaker 3 (17:46):
The President got off to a great start getting ridal
woke crap, woke era identity politics. He talked about we're
gonna get infleetion in check. We had those man, I
miss does for crying out loud. I don't know what
they're doing. Okay, Yes, I will give credit where credit
(18:09):
is due he shut the border.
Speaker 2 (18:11):
That's fantastic.
Speaker 3 (18:13):
God willing. God willing will get some more foreign policy wins.
That's all well and good. But the reality of the
situation is you're not gonna win on that. You're not
going to win on that. People are tired of it.
They know about the Russia Ukraine where they're well aware
of all that stuff and that it's going on. But
you know, if they can't make ends meet, it's it
(18:36):
is the reality of politics more than anything else, More
than anything else, that's what people care about.
Speaker 2 (18:44):
That was the famous line.
Speaker 3 (18:46):
By James Carville running Bill Clinton's campaign against George W.
Speaker 2 (18:52):
Bush. The economy was weak. What he say, it's the
economy stupid. It was interesting, bloody.
Speaker 3 (18:57):
James Carville had an op this past week in The
New York Times dressing down the Democrats for them to
put away all their stupid idea politics and woke craft.
Speaker 2 (19:08):
He's like, look at this, he.
Speaker 3 (19:09):
Said, this is an easy win if you can figure
it out. This is the reality. I don't care what
the president says. This is not fake polls, it's not
fake news.
Speaker 2 (19:20):
Okay.
Speaker 3 (19:21):
Six and ten Americans think the country is headed in
the wrong direction.
Speaker 2 (19:29):
Six and ten. That's like that surfing song, wipeout, wipeout.
Speaker 3 (19:34):
Okay, that isn't gonna be a wipeout next year unless
the Left does something really really loony.
Speaker 2 (19:40):
And again they might do something loony. Who knows nobody.
Speaker 3 (19:48):
Americans don't want checks. Americans don't want welfare. They want
a two thousand dollars tear of check. Remember there was
a five thousand dollars doze checks they were gonna write.
Speaker 2 (19:58):
They don't want this.
Speaker 3 (20:00):
Maybe some do, but I'm telling you right now, most
Americans don't want welfare.
Speaker 2 (20:05):
They want to work.
Speaker 3 (20:07):
They want to take care of their families. They want
their kids to be able to succeed. They wire to
do better than their parents did.
Speaker 2 (20:19):
That's what we need to get back.
Speaker 3 (20:23):
Gotta take another quick way. You're listening to the Watchdog
on Wall Street. Your Watchdog on Wall street dot com.
Watch Dog on wallstreet dot com is our site. Oh
get their personal CMPO program all sorts of great stuff.
Watch Dog on wallstreet dot com will be man.
Speaker 1 (20:40):
Chris Markowski is the watch Dog on Wall Street bringing
(21:01):
America financial freedom, one listener at a time. You're listening
to the Watchdog on Wall Street with Chris Markowski.
Speaker 3 (21:10):
There just a column that sent over this past week.
It was in the Epic Times talking about it, called
it the New Moral Revival, why socialism feels like faith
to a generation searching for meeting And it was an
interesting column to say the least. Made some good points,
but there's some also things I'd like to push back
(21:31):
against as well.
Speaker 2 (21:32):
I think, yeah, do I think a lot of kids
out there feel lost? I do.
Speaker 3 (21:37):
I do, And I think that there's other things behind
this as well, from what we've done the kids, the
COVID lockdowns to.
Speaker 2 (21:46):
The that's the demonic.
Speaker 3 (21:50):
Quite frankly, influences that are there in social media do
horrible things. But there's another side to that as well.
Another happening. It was funny. My wife saw a story
this past week and I was like, I already saw it, babe,
I was going to tell you about it. It was actually
the New York Times talking about the amount of people
that are going back to the Orthodox Church, or we've
(22:13):
been stories about people going back to church and Catholicism.
I go to Mass every day. Twelve ten, it was
about half an hour Mass near my house. I'm blown away,
I kid you not, I'm blown away. The amount of
young people that are taking off on their lunch break
and going to.
Speaker 2 (22:32):
Mass, college kids that are there. My jaw dropped.
Speaker 3 (22:36):
And again, I used to be in Multipoy as a kid,
and summertime there was like a seven o'clock Mass, and
then there was an eight o'clock Mass, and we had
to do those during the week.
Speaker 2 (22:46):
We were, you know, the new ones that were in.
Speaker 3 (22:47):
There nowhere near and they weren't certainly any young people
there at mass.
Speaker 2 (22:53):
And I'm saying that there's a good sign people are
looking for something, something that's missing in their lives.
Speaker 3 (23:03):
What we're doing right now, what we're doing right now,
what in my opinion, bouth. The Democrats and Republicans are
looking for quick fixes. They're looking for quick fixes that
are not going to solve any of the problems real adults,
real adults.
Speaker 2 (23:21):
They want a growing economy. They're tired of inflation.
Speaker 3 (23:28):
People want opportunities to go out there and build and create.
We talk about this every week on the program. Go
out there, build, create, protect and teach. That's what we're
all supposed to do. I pulled this up. I pulled
this up because I was following this stuff and I'm like,
it's the same nonsense. This is why I'm saying the
(23:49):
president needs a channel his inner nineteen eighties, his inner
Ronald Reagan. I'dn't even go for I don't even care
if you're Democrat. Let him channel his inner build Clinton
for crying out loud. I want a piece back in
January two thousand and eight and financial crisis right tough
times at that point time. January two thousand and eight,
(24:12):
in the entitled the column with Santa Claus has come
into town.
Speaker 2 (24:17):
And you know my wife loves her Christmas decorations.
Speaker 3 (24:20):
Start off the column said, I thought Christmas was over
the storage container I have to rent due to our
enormous Christmas decoration stockpile. Though it made Clark Griswold, I
was packed and sent my weeks ago. We know basements
in Florida, and my lovely wife loves to add to
the stockpile every year.
Speaker 2 (24:36):
I guess they forgot to inform.
Speaker 3 (24:37):
All of our fearless and bold leaders in Washington, because
whether it is the President at that time, George W. Bush,
the Democrats or Republicans, they are all falling over themselves
to play the part of Santa Claus. I don't remember
this there was actually go back to nineteen twenty eight.
Nineteen twenty eight presidential campaign slogan for Herbert Hoover was
(25:00):
a chicken in every pot and a car in every garage.
I think the motto for both Democrats and Republicans for
two thousand and eight should be this back two thousand
and eight, a flat screen TV and every wall, courtesy
of your incumbent congressmen.
Speaker 2 (25:16):
Everyone get ready for the government checks they wanna be.
Speaker 3 (25:19):
Santas and Washington have come up with a compromise and
already and they sledded distribute Americans three hundred dollars. Families
with children receive an additional three hundred every child, up to
a maximum of twelve hundred, unless, of course, you're on
the naughty list. The naughty list at that time was
anybody that made over seventy five thousand dollars a year.
Speaker 2 (25:36):
Of View Center, how dare you work hard and be successful?
But again, this is the it was Bipartistan.
Speaker 3 (25:46):
We're falling all over themselves self congratulatory mode.
Speaker 2 (25:50):
Wondrous. Well, it's a great example of bipartisan chip. No,
it's desperate with desperation.
Speaker 3 (25:56):
Then, and what you're watching right now, because you're gonna
see this same thing when it comes to Obamacare. You'll
see some bipartisan deal and you'll see another load of money.
Speaker 2 (26:06):
Shoved out the door.
Speaker 3 (26:08):
What I called it back in two thousand and eight
was the vote buying, media fearing incumbency Protection Bill of
two thousand and eight. And again, dumb, dumb across the board.
Just just look at dumb. Now more checks. We're thirty
eight trillion dollars in debt.
Speaker 2 (26:30):
Nonsense.
Speaker 3 (26:30):
It's not fixing anything. It's not gonna make anybody's life
any better. It's like you're feeding a little short term
narcotic so you can put your name on a check.
Michelle Malkin wrote a piece because she was disgusted by
this at the time, and I wrote it down because
it was genius. She said, I ain't a man, A
man who could say no, A man who rejects big
(26:52):
nanny government, a man who thinks being president doesn't mean
playing Santa Claus, a man who won't panic in the
face of economic pain, a man who wants succumb to
media driven sob stories. A man who can look voters,
the media, and the chicken littles in Congress in the
eye and say three words no one wants to hear
in Washington, DC.
Speaker 2 (27:12):
Suck it up again. We need more of this, need
more of this.
Speaker 3 (27:21):
Got to go back to the ways that work, the
ways of the world that worked.
Speaker 2 (27:26):
And again, it's not going to be coming from Washington, DC.
Speaker 3 (27:29):
It's not coming from government checks, it's not coming from subsidies.
We need a supply side revolution. Watchdog on Wallstreet dot com.
Watchdog on wallstreet dot com is our site again. Become
a part of the Watchdog on Wall Street family, our
personal CFO program, podcast, newsletter, you name it. Watchdog on
(27:50):
wallstreet dot com.
Speaker 2 (27:51):
We'll be back.
Speaker 1 (27:57):
Shoot teaking Wall streets, liars, crooks and cheets out behind
the woodshed. You're listening to the Watchdog on Wall Streets.
Speaker 3 (28:22):
All right, this is pretty important. Is pretty important if
you are an investor. Okay, if you're an investor and
you're one of those people that you think you can
do everything.
Speaker 2 (28:35):
All by yourself, you're so smart.
Speaker 3 (28:39):
I want to talk about the volatility in the markets
up to that rate of a degree this week, But
the week prior, I went back and I took a
look look at a lot of things, and we saw
these massive swings in the market.
Speaker 2 (28:53):
Yeah, a thousand points what not?
Speaker 3 (28:56):
This past Thursday to Thursday before one thousand eleven point
over the course of a day, one point five trillion
dollars in market capitalization was between ten forty am and
twelve twenty pm. That's what about fifteen billion dollars a
minute for one hundred minutes straight with no news whatsoever, zip, zero, zilch, nada. Okay,
(29:22):
here's your teachable moment people. And again I've been trying
to explain this to people for some time because what
we get and what we have to deal with at
Markowski Investments is after the fact, after people's portfolios have
been completely wiped out, you're not going to win.
Speaker 2 (29:41):
You've got no shot at winning as a trader.
Speaker 3 (29:45):
You think you're gonna go head to head with Citadel,
you think you're gonna go head to head with Morgan
Stanley and Goldman Sachs and Robin Hood and all of
these people out there.
Speaker 2 (29:59):
I don't care. I don't care about all.
Speaker 3 (30:02):
The tools that E Trade is giving you. We had
that commercial I see all the bloody time now is
it's like a bank of computer screens. It's like something
something out of like iron Man and Tony Stark with
charts and colors and all sorts of stuff. You can't
even read that for crying out loud. Who in the
world are you trying to kid? I'm gonna basical explain
(30:25):
this is this is what it's like. Okay, if okay,
you're playing poker. I'm not a card player, but I
understand it. Okay, poker, Okay. Would you would you play
poker against someone? Pay close attention right now. Would you
play poker against someone that had I don't know a
(30:45):
million times the money that you have.
Speaker 2 (30:47):
Let's say you have you're gonna play poker.
Speaker 3 (30:49):
You got a couple hundred bucks in the person the
person you're playing against has ten million plus. The person
you're playing poker against knows all of your cards all
the time.
Speaker 2 (31:03):
Would you play poker against that person? Of course?
Speaker 3 (31:09):
Not like Markowski, that's a stupid question. That's basically what
you're doing. If you're trying to trade these markets, you
understand they can crush you. They have more money than
you have, They know what your positions are, they know
what you're doing. Their computers are faster, they will drink
(31:32):
your milkshake. More on this when we get back Watchdog
on Wall Street dot com. Watchdog on Wall Street dot Com,
we show.
Speaker 1 (32:07):
The only man who is taking on the Wall Street establishment.
You're listening to the Watchdog on Wall Street with Chris Markowski.
Speaker 3 (32:17):
Welcome backy body, and a happy Thanksgiving again to everyone
out there and your families. All the best and God
bless all of you out there.
Speaker 2 (32:26):
I see you now.
Speaker 3 (32:27):
Okay, we'll start Let's start Christmas music next week. Okay,
I'm not gonna front run the Christmas music here. Okay,
we'll start it next week on the show. And we
gotta come up with some good tudess.
Speaker 2 (32:36):
I you know what I gotta do. I gotta come
up with some Christmas songs that I really don't care for.
Speaker 3 (32:40):
That but anyway, Hey, we're gonna get into that all right,
back into your milkshake being slurped up, slurped up by
the big firms thinking you are a brilliant trader. Well,
my brother and I were on the phone. You know,
the markets are going parabolic in the morning. Was was
in videos in video's number came out and it was like,
(33:02):
oh my god, it's the perfect water. I can't believe
the numbers aren't just spectacular, and you know, they were
throwing a basic keg party on CNBC and Fox Business,
and I got I'm watching this stuff and I'm.
Speaker 2 (33:15):
Like, oh, I know it's gonna happen. Now it's on.
Speaker 3 (33:19):
Its alas too good, because all of a sudden, you
watch the future start to just skyrocket everyone, all the
all you novice traders out there that think you know,
but you don't know. Again, that's a big key in life,
once you understand. I'm like, again, I understand. I am
completely current to the fact that I don't know what I
don't know. You have to be that way. And how
(33:42):
many times have I explained to everybody here on the program,
And that's why we don't trade, is that markets need
not make any sense whatsoever. They can make no sense whatsoever.
They can be completed like, oh, it's the efficient market.
It's completely logical. Really, you tell me how many times
markets have gone through the roof on bad news or
come down on great news.
Speaker 2 (34:05):
We have been right.
Speaker 3 (34:08):
I mean, you take a look at the calls that
we've made going back to the nineteen nineties.
Speaker 2 (34:12):
And Ron World come. We told everybody was gonna happen.
Speaker 3 (34:16):
Okay, I am warned everybody about Enron and what did
the stock do? Proceeded to keep going up for like
the next six to seven months. Everybody's making fun of
he didn't know what I was talking about, that moron Markowski.
Speaker 2 (34:29):
Oh yeah, the lot eight out there. He doesn't understand.
Speaker 3 (34:31):
It's a new economy, all this stuff until crash, bang boom. Eventually,
companies will trade for what they're worth. That's reality. You
don't know when, but they will, they will.
Speaker 2 (34:46):
What happened? What happened? Okay?
Speaker 3 (34:48):
And again did the bs that they were throwing at
people at the end of the day next like, well,
you know, what are the concerns out there that you know,
the Fed might not be lowering rates in December? Really listen,
the markets now more than ever, are locked in. I mean,
the volatility is going to be extraordinary in the momentum,
(35:09):
simply because of a lot of the single day options
that are out there, weekly options, the amount of leverage
that is built into the system. Do you think that
one point five trillion dollars just poof went to money
heaven overnight was never money in the first place. Do
you understand? That's what people fail to understand when it
comes to the markets. Okay, it's not money. It's not money.
(35:33):
It's a valuation. Okay, it is a valuation. You could
add up every single share a stock of Apple in Nvidia,
teslaw exon. It doesn't make any difference. You cannot take
that and sell it. If you had every share of
in Vidia and you hit.
Speaker 2 (35:52):
Sell it, all.
Speaker 3 (35:55):
That price that you get that bid is only good
for a certain amount of shares.
Speaker 2 (36:02):
That's it. That's all. It's good for one. Selling starts
coming in.
Speaker 3 (36:07):
It cascades, and when people have levered positions with all
these options, it can go in the wrong direction, or
it's in the right direction, very very quickly. And these
people that you're training against, even though you think that
you're your buddies, you think Robin Hood's your friend, right.
Speaker 2 (36:29):
The only trains for my buddies. Can you up there,
sudding me notifications? Sucker. They are drinking your milkshake.
Speaker 3 (36:41):
They know if you have limit orders in, they know
if you have stop orders in.
Speaker 2 (36:47):
They see what's happening. They see, Oh my god, look
at all Look at all the Novice investors. Look at
all the sheep out there, Look at all the sheep.
Speaker 3 (36:56):
They got good news on Nvidia they're hitting bye bye
bye bye, bye bye bye on their phones.
Speaker 2 (37:03):
Guess what we can do. Let's just let it run
for a little bit.
Speaker 3 (37:06):
We'll let it go to like ten thirty and eleven
o'clock and then we'll crush them.
Speaker 2 (37:12):
And that's what they did. That's what they did. We
don't participate in that. We don't do that.
Speaker 3 (37:24):
You avoid all of that nonsense quite frankly, if you
try not to get rich quick and you go through
life thinking of it, not as much as I'm gonna
trade my way for riches. No, it's financial preparation, is
what we do. I don't even like the phrase financial planning.
I've explained that countless times here on the program. I
(37:45):
don't even like that phrase financial preparation.
Speaker 2 (37:51):
Putting the work in.
Speaker 3 (37:53):
You watch that movie with Michael Jordan, The Last Dance,
and you watch the work that he put in, working
on the fundamental again and again and again. But in
compounding being the royal road to riches, trimming portfolio positions.
You're an investor, you're building wealth, You're not looking for shortcuts.
This is how we do it, Okay, this is the
(38:16):
only way to do it. If you think you are
gonna build wealth trading in your Robinhood account or whatever
you trade account, whatever crap you're doing, You're not.
Speaker 2 (38:29):
You're not.
Speaker 3 (38:30):
Eventually you're gonna come crying to me and yeah, we're gonna.
Speaker 2 (38:35):
Help you out. But not only did you waste time?
Speaker 3 (38:39):
Because time is the most important aspect when it comes
to investing, Not trying to time the market, but time
in the market. And you're gonna be behind the apall
Why then, might I talked about why let riskly to ruin?
If you do things the right way, the way we
(39:01):
do things, do you wiz it's not a matter of if,
it's a matter of when you're going to become wealthy.
Speaker 2 (39:08):
It really is that simple anyway.
Speaker 3 (39:12):
Anyway, Happy Thanksgiving everybody. It's been great as always. Gotta
take a quick break here. Watch Dog on Wall Street
dot com. Watchdog on Wallstreet dot com. Become a part
of our family, the Watchdog on Wall Street family.
Speaker 1 (39:29):
You're listening to the Watchdog on Wall Streets
Well known author, investment banker, consumer advocate, handlyst trader Chris
Markowski is the watchdog.
Speaker 2 (00:15):
The Wall Street.
Speaker 1 (00:16):
Do you want to answer exposing the lies and myths
that the big brokerage firms, the mainstream press, and the
government are pushing to keep Americans away from financial freedom.
Speaker 3 (00:28):
You can't handle the truth.
Speaker 1 (00:30):
Bringing America the truth about what really happens in the
financial world. Ladies and gentlemen.
Speaker 3 (00:35):
We're not here to indulge in fantasy, but in political
and economic reality.
Speaker 1 (00:40):
This is the watchdog in Wall streets.
Speaker 2 (00:44):
All right, Happy Thanksgiving? Him Happy Thanksgiving.
Speaker 3 (00:49):
Always some an honor to be in front of this
microphone every year.
Speaker 2 (00:57):
And I talked about I love Thanksgiving. I love the allday.
Speaker 3 (01:00):
I got such you know, wonderful memories throughout my entire
life growing up as a kid, and football games and
family and food and all sorts of stuff.
Speaker 2 (01:09):
I truly do love the holidays.
Speaker 3 (01:12):
And you know, over the past couple of years, and
maybe it's you know, just growing up a little bit
and getting a little bit get a bit long in
the tooth as an old man now just reflecting on
my life and just the enormous amount of gratitude I
have for everything, not just my wife, kids and family,
(01:38):
the fact that I get to I'm blessed. I get
to work with my family. I get to work with
my brothers, I get to work with my nephew. We've
built Markowski Investments up over three decades, busting our butts,
and yeah, it was it always easy. How many times
people say you work with your family, Yeah I do. No,
(02:03):
isn't always easy, but you know, look at what we
were able to accomplish, and it's it's truly a blessing
God willing. My kids want to come, some want to
come work for me, so don't not putting any pressure.
Speaker 2 (02:16):
I would love to have that as well.
Speaker 3 (02:19):
And of course all of you, my clients, the listeners
here on the program, even though some of your stubborn
it takes you a while to actually listen to what
I'm trying to get across here. And I'll talk about
that a little bit later on in the show today.
But without a doubt, without a doubt, I am truly blessed.
(02:42):
I want to talk a little bit about something today
I just just had. In October, I had my twenty
fifth wedding anniversary and I did a bit of a
podcast on it back at the time, and I've been
kind of waiting here on the radio show to talk
about it.
Speaker 2 (03:01):
A little bit and how I kind of like.
Speaker 3 (03:04):
Crafting things and the fact that I'm trying to get
across to my kids, you know, about the modern world
and the lies the modern world tells them. Oh, you know,
you gotta wait and have a great time in your
twenties and you know, do all this stuff, and you know.
Speaker 2 (03:22):
Party on, do this school, live in this city, go that.
Speaker 3 (03:24):
And then I tell my kids, I said, you know,
I take a look at my life, and I take
a look at periods of time when I, you know,
hadn't met my wife and was on my own and uh,
best best moments I've always been with her and my
kids without a doubt, hands down. And look about the
time I was out with my friends when I was younger,
(03:47):
and uh, I wish.
Speaker 2 (03:48):
You can't you know, can't change things, can go back
in time.
Speaker 3 (03:51):
I wish I met her earlier, quite frankly, and had
more kids, but but neither here nor there. And one
of the things I'm thinking about it at the time, and
I get hit with this a lot.
Speaker 2 (04:05):
I'm sure you do too.
Speaker 3 (04:06):
Our phones are constantly putting things on our screen, great
things on our screen now, and they put bad things
on the screen. But the one good thing that phones
do from time to time is it hits you with
some of those photos from yesteryear.
Speaker 2 (04:19):
And I was, I was thinking about it, you know,
as I look.
Speaker 3 (04:23):
At certain days, certain places, going to certain things when
my kids were younger. And this is part of gratitude
and in my opinion, front of me thanksgiving the fact
that I have so many of these as as melancholy
and as sad as they make me when I see them,
I've had, I've had so many incredible last days. What
(04:52):
does that mean?
Speaker 2 (04:54):
There's a last day? You don't know what it's going
to be.
Speaker 3 (04:57):
Okay, And again I'm older people understand this, or maybe
I'm going to remind them of this, Maybe we put
an idea in their head. Younger people, just be aware,
be aware that last days come and you don't know
when they're going to come. The last day I picked
(05:18):
up my kid and carried them to bed, last day
we went when they were young to you know, Christmas
Spectacular at Disney or Universal Studios. Last day coaching my
kids back when they were younger, when they were in
(05:39):
high school, had a lot of them.
Speaker 2 (05:45):
I've had a lot.
Speaker 3 (05:45):
Of really amazing, amazing last days throughout my entire life.
Speaker 2 (05:55):
Well, a few weeks ago, a few weeks ago.
Speaker 3 (05:59):
I got and I I haven't and I apologize to
some degree. I haven't figured out really how to talk
about this. I didn't talk about it on the podcast.
I haven't talked about it yet. Here my my best
friend growing up, and you all know, everybody knows you
(06:19):
have those friends, those friends, and this is the movie
stand by Me. Remember that they talked about it. You know,
the friends you had when you're like twelve or even younger.
And you know, again, I grew up in Upstate New York.
The ones that you know, you rode bikes forever, you know,
all summer long, you know, until it got dark out
you had to come home, whatever it may be, you know,
(06:41):
snow days and Upstate New York, you did everything with
these buddies, your neighborhood friends growing up, my best friend
growing up again, buddies on the football team throughout how
I just he had a battle for a long time,
(07:04):
a long time, and I tried, tried, not the only
one that tried, but tried to help him.
Speaker 2 (07:11):
He had a.
Speaker 3 (07:12):
Serious, serious problem with mentalist illness and depression, and unfortunately,
fortunately he couldn't take it anymore and he took his life.
Speaker 2 (07:27):
He took his life, and it I.
Speaker 3 (07:30):
Don't know, maybe he might have been able to detect
it in my you know, the conduct that I had
on the show or the podcast, or the way it
was at the time.
Speaker 2 (07:38):
It really hit me hard.
Speaker 3 (07:43):
And almost again it's an automatic response, at least it
is for me. You know, I talk about, you know,
owning everything that happens in life, and you know, feeling
responsible to some degree that whatever I said, whatever I did,
I couldn't help, couldn't help. Tried, many of us, tried
(08:06):
countless times. You know, he promised, all right, I'm gonna come.
I said, come stay with me, come live with you know,
you know, whatever you need, you know, come here. Yeah,
I'm coming, I'm coming, I'm coming. And you know, it
was a week and a half before took his life.
You know, the last thing he said to me is
I love you, buddy. And he promised again again, promising
to come down and go see a Bucks game.
Speaker 2 (08:29):
And and do some things together.
Speaker 3 (08:34):
Yeah, very very difficult to get your arms around that.
Speaker 2 (08:39):
And I guess the way that.
Speaker 3 (08:42):
The way that I'm dealing with it, and the way
that I'm you know, talking about this with my other
friends from back when we were in high school, is
to remember to remember all of those last days that
we had because we had some someone's growing up when
(09:02):
we were in high school and you know, whether it
be playing football in the snow against the older kids,
or some keg party we were throwing out in the
woods that we got a farmer to put us on
our k ride take, I mean, bonfire, all the all
the things that you know, we used to do as kids.
And again at the time time you don't think about it.
(09:26):
Time you and I said, okay, well so this is
the last time that this is going to happen, that
we're ever going to do this. I recommend I recommend it.
It's Thanksgiving. I know people are kind of like, you know,
some people are rolling their eyes. They've gotta gotta go
ay and they got to maybe see family that they
don't get along with, or they've butt heads with in
(09:48):
the past, or you know, political differences or just you know,
stupid nonsense like that. I recommend everybody out there, you know,
to try to put that aside, put that aside. You
never know one another last day is going to come
(10:09):
to pass.
Speaker 2 (10:10):
You never know. You never know.
Speaker 3 (10:14):
And it also teaches us, also teaches us to live
in the moment, even though I'm talking about things that
have happened in the past, and it's great being reminded
of those things, but we lose sight in today's day
and age the distractions. And I'm guilty of this too.
(10:35):
I'm guilty of this too, the amount of things that
you're hit with over the course of the day, doing
prep work again, as you know, trying to be as
meticulous as I can with everything that I do. You know,
what do I gotta do tomorrow, what I gotta do
the next day, and and as organized as I possibly can.
And sometimes you forget that you have to be in
the moment and be in the here and now. And
(10:56):
I'll think about that, and I get up in the
morning and I'm doing my prayers early in the morn morning.
I gotta yeah, I gotta give up the wheel a
little bit, you know, trust Jesus, trust God, you know,
to to point me in the right direction. Be a
little bit more present to the people around me, because
you don't no, you don't know. Never never leave the
(11:20):
house angry with anyone. Reconcile, live in the here and now,
because I'm going to have many many last days, many
many last days, and I think we really need to
do the best to appreciate them, to praise him. The
(11:44):
here now as great as it is, as wonderful as
it is to have those memories brought up to you
on your phone or you're you're you know, scrolling through
where somebody you're hanging out with your buddies. Oh you
remember that time. Okay, it's never as good as that time.
Just something I'm under address today. I mean, I know,
I know, I usually do talk a little bit about
(12:05):
the you know, the old Rush Limbaugh, you know, Thanksgiving
message and the first Thanksgiving.
Speaker 2 (12:11):
Get into that my own way today with this.
Speaker 3 (12:15):
Something I'd like to share with you this Thanksgiving weekend.
I'm gonna take a quick break right here. You're listening
to The Watchdog on Wall Street Show. This is Chris Markowski,
and again I like to remind everybody to become a
part of our family at Markowski Investments and The Watchdog
on Wall Street Show. Get to our website at Watchdog
(12:39):
on Wallstreet dot com. Watchdog on Wallstreet dot com is
our site, our personal CFO program or podcast, newsletter, all
sorts of great things.
Speaker 2 (12:49):
Watchdog on Wallstreet dot com.
Speaker 3 (12:51):
Give us a call eight hundred four seven fifty nine.
Speaker 1 (13:12):
You should believe in math not magic. You're listening to
The Watchdog in Wall Street with Chris Markowski.
Speaker 3 (13:21):
Look back, everybody, it is the Watchdog on a Wall
Street Show. Ah, I gotta ask everybody a favor. I'm
not good at this. I'm really not. I'm just my nature.
I don't like that. I like to do it all myself.
I don't like to ask people things. But I can
ask everybody a favors listening to this program right now.
The dynamics of what we do here at the Watchdog
(13:44):
and Wall Street Show and Markowski Investments, it's changed over
the years, big time over the past eight I'd say
years in regards to the deliverance of media. I used to,
you know, radio rule today and yeah, you know we
still you know, rule the radio airways when it comes
to business programming.
Speaker 2 (14:04):
But to get the word out you got you gotta
be digital now.
Speaker 3 (14:08):
And this is why we do the Daily Podcast and
Money Minutes, and I'm on YouTube and Spotify and Apple
and all these things. You get a chance, you can
do me a solid. Subscribe, subscribe to our podcast. It
really helps. It helps in regards to the algorithms. It
helps to get the word out. It's just the nature
(14:29):
of the beast today. They get all the crazy influencer
people out there that do all sorts of crazy things
so they can get clicks.
Speaker 2 (14:36):
And all that stuff. Yeah, I'm not gonna do that, okay.
Speaker 3 (14:39):
But yeah, if you you subscribe, give a rating there
on the podcast, it really helps us out.
Speaker 2 (14:46):
That's the nature of the beast today. Kids. It is
what it is as well. Okay, I gonna do something
for you.
Speaker 3 (14:51):
And we always have Our doors are open to everyone,
always have been at Markowski Investments. There's no no bouncer
our door, there's no velvet rope. We help everyone out,
all investors out from all walks of life. And I
got a story a little bit later on today. Again,
it shook me this week, but these things always shake
(15:12):
me right underneath my nose. People getting ripped off should
have listened to us. But anyway, neither here nor there.
Everything at our website is available to everyone our personal
CFO program, where yes, you get to work with the
Markowski family, get to work with us. You have access
to our lawyers, our accountants. All the tools that we have,
(15:32):
we provide them to everyone. We're the only firm like
this in the country. We're not gonna change. We're not
gonna shut our doors. We're not gonna put limits on people.
That's not how we operate. You get to Watchdoganwallstreet dot com.
Sign up for our personal CFO program. Thanks, sign up
for our podcast. There count repair kits, all sorts of
(15:53):
great stuff at Watchdoganwallstreet dot com. Okay, and I usually
go old school and talk a little bit about it
because Rush Limbud did a really good job about the
first Thanks skim talking about it and the going from
socialism to capitalism.
Speaker 2 (16:10):
But I'm gonna I'm gonna make a suggestion.
Speaker 3 (16:14):
I'm gonna make a suggestion to our president this weekend
because I'd like him to do well. I really would.
I'd like him to do well. I need him to
channel his inner Ronald Reagan. Maybe me here's may he's
with his family this Thanksgiving. Maybe they need to go
old school. Throw on some nineteen eighties classics. You know,
(16:36):
I get watch Go Back, Go Go, Great Thanksgiving movie, trains,
planes and automobiles. You go go back and watch. Oh
but I don't care, die Hard, some of the eighties
classic movies, Breakfast Club, you name it, just watch it. Okay,
mister president, remember the eighties because cause we're going to
(17:01):
point right now where again I think he's getting, of.
Speaker 2 (17:05):
Course, you really really horrible advice.
Speaker 3 (17:08):
He's getting horrible advice, and he's coming up with ideas that,
quite frankly, are nonsensical. They're not conservative by any stretch
the imagination. Tariffs, two thousand dollars checks, looking to expand
the Biden era covid era, Obamacare subsidies, subsidies for farmers,
(17:35):
subsidize this. Now, this is not Reagan. Okay, this is
not conservatism by any stretch of the imagination.
Speaker 2 (17:43):
We need more of that now.
Speaker 3 (17:46):
The President got off to a great start getting ridal
woke crap, woke era identity politics. He talked about we're
gonna get infleetion in check. We had those man, I
miss does for crying out loud. I don't know what
they're doing. Okay, Yes, I will give credit where credit
(18:09):
is due he shut the border.
Speaker 2 (18:11):
That's fantastic.
Speaker 3 (18:13):
God willing. God willing will get some more foreign policy wins.
That's all well and good. But the reality of the
situation is you're not gonna win on that. You're not
going to win on that. People are tired of it.
They know about the Russia Ukraine where they're well aware
of all that stuff and that it's going on. But
you know, if they can't make ends meet, it's it
(18:36):
is the reality of politics more than anything else, More
than anything else, that's what people care about.
Speaker 2 (18:44):
That was the famous line.
Speaker 3 (18:46):
By James Carville running Bill Clinton's campaign against George W.
Speaker 2 (18:52):
Bush. The economy was weak. What he say, it's the
economy stupid. It was interesting, bloody.
Speaker 3 (18:57):
James Carville had an op this past week in The
New York Times dressing down the Democrats for them to
put away all their stupid idea politics and woke craft.
Speaker 2 (19:08):
He's like, look at this, he.
Speaker 3 (19:09):
Said, this is an easy win if you can figure
it out. This is the reality. I don't care what
the president says. This is not fake polls, it's not
fake news.
Speaker 2 (19:20):
Okay.
Speaker 3 (19:21):
Six and ten Americans think the country is headed in
the wrong direction.
Speaker 2 (19:29):
Six and ten. That's like that surfing song, wipeout, wipeout.
Speaker 3 (19:34):
Okay, that isn't gonna be a wipeout next year unless
the Left does something really really loony.
Speaker 2 (19:40):
And again they might do something loony. Who knows nobody.
Speaker 3 (19:48):
Americans don't want checks. Americans don't want welfare. They want
a two thousand dollars tear of check. Remember there was
a five thousand dollars doze checks they were gonna write.
Speaker 2 (19:58):
They don't want this.
Speaker 3 (20:00):
Maybe some do, but I'm telling you right now, most
Americans don't want welfare.
Speaker 2 (20:05):
They want to work.
Speaker 3 (20:07):
They want to take care of their families. They want
their kids to be able to succeed. They wire to
do better than their parents did.
Speaker 2 (20:19):
That's what we need to get back.
Speaker 3 (20:23):
Gotta take another quick way. You're listening to the Watchdog
on Wall Street. Your Watchdog on Wall street dot com.
Watch Dog on wallstreet dot com is our site. Oh
get their personal CMPO program all sorts of great stuff.
Watch Dog on wallstreet dot com will be man.
Speaker 1 (20:40):
Chris Markowski is the watch Dog on Wall Street bringing
(21:01):
America financial freedom, one listener at a time. You're listening
to the Watchdog on Wall Street with Chris Markowski.
Speaker 3 (21:10):
There just a column that sent over this past week.
It was in the Epic Times talking about it, called
it the New Moral Revival, why socialism feels like faith
to a generation searching for meeting And it was an
interesting column to say the least. Made some good points,
but there's some also things I'd like to push back
(21:31):
against as well.
Speaker 2 (21:32):
I think, yeah, do I think a lot of kids
out there feel lost? I do.
Speaker 3 (21:37):
I do, And I think that there's other things behind
this as well, from what we've done the kids, the
COVID lockdowns to.
Speaker 2 (21:46):
The that's the demonic.
Speaker 3 (21:50):
Quite frankly, influences that are there in social media do
horrible things. But there's another side to that as well.
Another happening. It was funny. My wife saw a story
this past week and I was like, I already saw it, babe,
I was going to tell you about it. It was actually
the New York Times talking about the amount of people
that are going back to the Orthodox Church, or we've
(22:13):
been stories about people going back to church and Catholicism.
I go to Mass every day. Twelve ten, it was
about half an hour Mass near my house. I'm blown away,
I kid you not, I'm blown away. The amount of
young people that are taking off on their lunch break
and going to.
Speaker 2 (22:32):
Mass, college kids that are there. My jaw dropped.
Speaker 3 (22:36):
And again, I used to be in Multipoy as a kid,
and summertime there was like a seven o'clock Mass, and
then there was an eight o'clock Mass, and we had
to do those during the week.
Speaker 2 (22:46):
We were, you know, the new ones that were in.
Speaker 3 (22:47):
There nowhere near and they weren't certainly any young people
there at mass.
Speaker 2 (22:53):
And I'm saying that there's a good sign people are
looking for something, something that's missing in their lives.
Speaker 3 (23:03):
What we're doing right now, what we're doing right now,
what in my opinion, bouth. The Democrats and Republicans are
looking for quick fixes. They're looking for quick fixes that
are not going to solve any of the problems real adults,
real adults.
Speaker 2 (23:21):
They want a growing economy. They're tired of inflation.
Speaker 3 (23:28):
People want opportunities to go out there and build and create.
We talk about this every week on the program. Go
out there, build, create, protect and teach. That's what we're
all supposed to do. I pulled this up. I pulled
this up because I was following this stuff and I'm like,
it's the same nonsense. This is why I'm saying the
(23:49):
president needs a channel his inner nineteen eighties, his inner
Ronald Reagan. I'dn't even go for I don't even care
if you're Democrat. Let him channel his inner build Clinton
for crying out loud. I want a piece back in
January two thousand and eight and financial crisis right tough
times at that point time. January two thousand and eight,
(24:12):
in the entitled the column with Santa Claus has come
into town.
Speaker 2 (24:17):
And you know my wife loves her Christmas decorations.
Speaker 3 (24:20):
Start off the column said, I thought Christmas was over
the storage container I have to rent due to our
enormous Christmas decoration stockpile. Though it made Clark Griswold, I
was packed and sent my weeks ago. We know basements
in Florida, and my lovely wife loves to add to
the stockpile every year.
Speaker 2 (24:36):
I guess they forgot to inform.
Speaker 3 (24:37):
All of our fearless and bold leaders in Washington, because
whether it is the President at that time, George W. Bush,
the Democrats or Republicans, they are all falling over themselves
to play the part of Santa Claus. I don't remember
this there was actually go back to nineteen twenty eight.
Nineteen twenty eight presidential campaign slogan for Herbert Hoover was
(25:00):
a chicken in every pot and a car in every garage.
I think the motto for both Democrats and Republicans for
two thousand and eight should be this back two thousand
and eight, a flat screen TV and every wall, courtesy
of your incumbent congressmen.
Speaker 2 (25:16):
Everyone get ready for the government checks they wanna be.
Speaker 3 (25:19):
Santas and Washington have come up with a compromise and
already and they sledded distribute Americans three hundred dollars. Families
with children receive an additional three hundred every child, up to
a maximum of twelve hundred, unless, of course, you're on
the naughty list. The naughty list at that time was
anybody that made over seventy five thousand dollars a year.
Speaker 2 (25:36):
Of View Center, how dare you work hard and be successful?
But again, this is the it was Bipartistan.
Speaker 3 (25:46):
We're falling all over themselves self congratulatory mode.
Speaker 2 (25:50):
Wondrous. Well, it's a great example of bipartisan chip. No,
it's desperate with desperation.
Speaker 3 (25:56):
Then, and what you're watching right now, because you're gonna
see this same thing when it comes to Obamacare. You'll
see some bipartisan deal and you'll see another load of money.
Speaker 2 (26:06):
Shoved out the door.
Speaker 3 (26:08):
What I called it back in two thousand and eight
was the vote buying, media fearing incumbency Protection Bill of
two thousand and eight. And again, dumb, dumb across the board.
Just just look at dumb. Now more checks. We're thirty
eight trillion dollars in debt.
Speaker 2 (26:30):
Nonsense.
Speaker 3 (26:30):
It's not fixing anything. It's not gonna make anybody's life
any better. It's like you're feeding a little short term
narcotic so you can put your name on a check.
Michelle Malkin wrote a piece because she was disgusted by
this at the time, and I wrote it down because
it was genius. She said, I ain't a man, A
man who could say no, A man who rejects big
(26:52):
nanny government, a man who thinks being president doesn't mean
playing Santa Claus, a man who won't panic in the
face of economic pain, a man who wants succumb to
media driven sob stories. A man who can look voters,
the media, and the chicken littles in Congress in the
eye and say three words no one wants to hear
in Washington, DC.
Speaker 2 (27:12):
Suck it up again. We need more of this, need
more of this.
Speaker 3 (27:21):
Got to go back to the ways that work, the
ways of the world that worked.
Speaker 2 (27:26):
And again, it's not going to be coming from Washington, DC.
Speaker 3 (27:29):
It's not coming from government checks, it's not coming from subsidies.
We need a supply side revolution. Watchdog on Wallstreet dot com.
Watchdog on wallstreet dot com is our site again. Become
a part of the Watchdog on Wall Street family, our
personal CFO program, podcast, newsletter, you name it. Watchdog on
(27:50):
wallstreet dot com.
Speaker 2 (27:51):
We'll be back.
Speaker 1 (27:57):
Shoot teaking Wall streets, liars, crooks and cheets out behind
the woodshed. You're listening to the Watchdog on Wall Streets.
Speaker 3 (28:22):
All right, this is pretty important. Is pretty important if
you are an investor. Okay, if you're an investor and
you're one of those people that you think you can
do everything.
Speaker 2 (28:35):
All by yourself, you're so smart.
Speaker 3 (28:39):
I want to talk about the volatility in the markets
up to that rate of a degree this week, But
the week prior, I went back and I took a
look look at a lot of things, and we saw
these massive swings in the market.
Speaker 2 (28:53):
Yeah, a thousand points what not?
Speaker 3 (28:56):
This past Thursday to Thursday before one thousand eleven point
over the course of a day, one point five trillion
dollars in market capitalization was between ten forty am and
twelve twenty pm. That's what about fifteen billion dollars a
minute for one hundred minutes straight with no news whatsoever, zip, zero, zilch, nada. Okay,
(29:22):
here's your teachable moment people. And again I've been trying
to explain this to people for some time because what
we get and what we have to deal with at
Markowski Investments is after the fact, after people's portfolios have
been completely wiped out, you're not going to win.
Speaker 2 (29:41):
You've got no shot at winning as a trader.
Speaker 3 (29:45):
You think you're gonna go head to head with Citadel,
you think you're gonna go head to head with Morgan
Stanley and Goldman Sachs and Robin Hood and all of
these people out there.
Speaker 2 (29:59):
I don't care. I don't care about all.
Speaker 3 (30:02):
The tools that E Trade is giving you. We had
that commercial I see all the bloody time now is
it's like a bank of computer screens. It's like something
something out of like iron Man and Tony Stark with
charts and colors and all sorts of stuff. You can't
even read that for crying out loud. Who in the
world are you trying to kid? I'm gonna basical explain
(30:25):
this is this is what it's like. Okay, if okay,
you're playing poker. I'm not a card player, but I
understand it. Okay, poker, Okay. Would you would you play
poker against someone? Pay close attention right now. Would you
play poker against someone that had I don't know a
(30:45):
million times the money that you have.
Speaker 2 (30:47):
Let's say you have you're gonna play poker.
Speaker 3 (30:49):
You got a couple hundred bucks in the person the
person you're playing against has ten million plus. The person
you're playing poker against knows all of your cards all
the time.
Speaker 2 (31:03):
Would you play poker against that person? Of course?
Speaker 3 (31:09):
Not like Markowski, that's a stupid question. That's basically what
you're doing. If you're trying to trade these markets, you
understand they can crush you. They have more money than
you have, They know what your positions are, they know
what you're doing. Their computers are faster, they will drink
(31:32):
your milkshake. More on this when we get back Watchdog
on Wall Street dot com. Watchdog on Wall Street dot Com,
we show.
Speaker 1 (32:07):
The only man who is taking on the Wall Street establishment.
You're listening to the Watchdog on Wall Street with Chris Markowski.
Speaker 3 (32:17):
Welcome backy body, and a happy Thanksgiving again to everyone
out there and your families. All the best and God
bless all of you out there.
Speaker 2 (32:26):
I see you now.
Speaker 3 (32:27):
Okay, we'll start Let's start Christmas music next week. Okay,
I'm not gonna front run the Christmas music here. Okay,
we'll start it next week on the show. And we
gotta come up with some good tudess.
Speaker 2 (32:36):
I you know what I gotta do. I gotta come
up with some Christmas songs that I really don't care for.
Speaker 3 (32:40):
That but anyway, Hey, we're gonna get into that all right,
back into your milkshake being slurped up, slurped up by
the big firms thinking you are a brilliant trader. Well,
my brother and I were on the phone. You know,
the markets are going parabolic in the morning. Was was
in videos in video's number came out and it was like,
(33:02):
oh my god, it's the perfect water. I can't believe
the numbers aren't just spectacular, and you know, they were
throwing a basic keg party on CNBC and Fox Business,
and I got I'm watching this stuff and I'm.
Speaker 2 (33:15):
Like, oh, I know it's gonna happen. Now it's on.
Speaker 3 (33:19):
Its alas too good, because all of a sudden, you
watch the future start to just skyrocket everyone, all the
all you novice traders out there that think you know,
but you don't know. Again, that's a big key in life,
once you understand. I'm like, again, I understand. I am
completely current to the fact that I don't know what I
don't know. You have to be that way. And how
(33:42):
many times have I explained to everybody here on the program,
And that's why we don't trade, is that markets need
not make any sense whatsoever. They can make no sense whatsoever.
They can be completed like, oh, it's the efficient market.
It's completely logical. Really, you tell me how many times
markets have gone through the roof on bad news or
come down on great news.
Speaker 2 (34:05):
We have been right.
Speaker 3 (34:08):
I mean, you take a look at the calls that
we've made going back to the nineteen nineties.
Speaker 2 (34:12):
And Ron World come. We told everybody was gonna happen.
Speaker 3 (34:16):
Okay, I am warned everybody about Enron and what did
the stock do? Proceeded to keep going up for like
the next six to seven months. Everybody's making fun of
he didn't know what I was talking about, that moron Markowski.
Speaker 2 (34:29):
Oh yeah, the lot eight out there. He doesn't understand.
Speaker 3 (34:31):
It's a new economy, all this stuff until crash, bang boom. Eventually,
companies will trade for what they're worth. That's reality. You
don't know when, but they will, they will.
Speaker 2 (34:46):
What happened? What happened? Okay?
Speaker 3 (34:48):
And again did the bs that they were throwing at
people at the end of the day next like, well,
you know, what are the concerns out there that you know,
the Fed might not be lowering rates in December? Really listen,
the markets now more than ever, are locked in. I mean,
the volatility is going to be extraordinary in the momentum,
(35:09):
simply because of a lot of the single day options
that are out there, weekly options, the amount of leverage
that is built into the system. Do you think that
one point five trillion dollars just poof went to money
heaven overnight was never money in the first place. Do
you understand? That's what people fail to understand when it
comes to the markets. Okay, it's not money. It's not money.
(35:33):
It's a valuation. Okay, it is a valuation. You could
add up every single share a stock of Apple in Nvidia,
teslaw exon. It doesn't make any difference. You cannot take
that and sell it. If you had every share of
in Vidia and you hit.
Speaker 2 (35:52):
Sell it, all.
Speaker 3 (35:55):
That price that you get that bid is only good
for a certain amount of shares.
Speaker 2 (36:02):
That's it. That's all. It's good for one. Selling starts
coming in.
Speaker 3 (36:07):
It cascades, and when people have levered positions with all
these options, it can go in the wrong direction, or
it's in the right direction, very very quickly. And these
people that you're training against, even though you think that
you're your buddies, you think Robin Hood's your friend, right.
Speaker 2 (36:29):
The only trains for my buddies. Can you up there,
sudding me notifications? Sucker. They are drinking your milkshake.
Speaker 3 (36:41):
They know if you have limit orders in, they know
if you have stop orders in.
Speaker 2 (36:47):
They see what's happening. They see, Oh my god, look
at all Look at all the Novice investors. Look at
all the sheep out there, Look at all the sheep.
Speaker 3 (36:56):
They got good news on Nvidia they're hitting bye bye
bye bye, bye bye bye on their phones.
Speaker 2 (37:03):
Guess what we can do. Let's just let it run
for a little bit.
Speaker 3 (37:06):
We'll let it go to like ten thirty and eleven
o'clock and then we'll crush them.
Speaker 2 (37:12):
And that's what they did. That's what they did. We
don't participate in that. We don't do that.
Speaker 3 (37:24):
You avoid all of that nonsense quite frankly, if you
try not to get rich quick and you go through
life thinking of it, not as much as I'm gonna
trade my way for riches. No, it's financial preparation, is
what we do. I don't even like the phrase financial planning.
I've explained that countless times here on the program. I
(37:45):
don't even like that phrase financial preparation.
Speaker 2 (37:51):
Putting the work in.
Speaker 3 (37:53):
You watch that movie with Michael Jordan, The Last Dance,
and you watch the work that he put in, working
on the fundamental again and again and again. But in
compounding being the royal road to riches, trimming portfolio positions.
You're an investor, you're building wealth, You're not looking for shortcuts.
This is how we do it, Okay, this is the
(38:16):
only way to do it. If you think you are
gonna build wealth trading in your Robinhood account or whatever
you trade account, whatever crap you're doing, You're not.
Speaker 2 (38:29):
You're not.
Speaker 3 (38:30):
Eventually you're gonna come crying to me and yeah, we're gonna.
Speaker 2 (38:35):
Help you out. But not only did you waste time?
Speaker 3 (38:39):
Because time is the most important aspect when it comes
to investing, Not trying to time the market, but time
in the market. And you're gonna be behind the apall
Why then, might I talked about why let riskly to ruin?
If you do things the right way, the way we
(39:01):
do things, do you wiz it's not a matter of if,
it's a matter of when you're going to become wealthy.
Speaker 2 (39:08):
It really is that simple anyway.
Speaker 3 (39:12):
Anyway, Happy Thanksgiving everybody. It's been great as always. Gotta
take a quick break here. Watch Dog on Wall Street
dot com. Watchdog on Wallstreet dot com. Become a part
of our family, the Watchdog on Wall Street family.
Speaker 1 (39:29):
You're listening to the Watchdog on Wall Streets
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