non Boomers should be asking themselves but what did you think happened with GMA what did you think happened it's the same thing as what happened to uh you know to this fight all the Boomers and the suits the enemy what means the Boomers and the suits won so this might actually piss you off Jim Kramer claims that the situation with GameStop is the same situation that happened with Aros he said that individual investors are blaming the stock market that is riged all the while Jim Kramer said it's not the market that is riged is the company itself that you guys are investing in he said that a lot of individual investors got smoked the same way how the banks who invested in or with arus got smoked in the same way where both sides the individual investors and the banks didn't actually understand the company that they're investing in because when you see 10-cent music already making comeback but it is it's emblematic of what I think will happen which is that younger people Becky are going to say I told you it was rigged I told you the whole time that that that twio was going down it was rigged I mean they're going to look at the stocks and say oh Zoom I knew that was rigged and and Andrew raised a great point this morning was who moves stocks up and if it is the Robin Hood crowd I think they're going to say I've had it and if they say I've had it right the Market's going to change and they always called the Boomers and the suits the enemy what means the Boomers and the suits W and Becky they don't want to hear that that is an excellent point that we have not mentioned at all today Jim who else was holding on or got in at the highs cuz if you watch that over two months I mean that's the crazy thing you look back two months and the stocks are basically unchanged Discovery and Viacom at least from where they were two months ago so this was everybody who got sucked in on the upswing and then who got left uh on the down but we would talk endlessly David and I about like what is Viacom doing up like this what is Viacom obviously were people who were I think they were shorting it and getting and getting crushed uh it's very interesting because I think a lot of the non Boomers should be asking themselves but what did you think happened with GM what did you think happened it's the same thing as what happened to uh you know to this fight tell Aros I mean gez they just got completely wiped out and obviously we don't hear from Melvin Capitol we don't hear from these guys uh it's just it it is regarded as Sinister by this younger cohort and they'll they'll go home and what a shame but they'll go home they don't stick around it's they're short-timers it's really a shame this is why he said the individual invest should stop blaming the suit stop blaming the Wall Street and startop blaming themselves for not being educated or sophisticated to PL their investment strategies which is funny you know why because the institutional investors investment Banks and everyone who did their own due diligence on their Kos Saga was sophisticated they had bunch of teams of analysts who investigated the deal who did the risk management who did the actual allocation of capital from the bank towards the hedge fund or the family office and essentially they all got wiped out and again the situation with GameStop it's not the same situation with Aro simply because there was not a trial it was not a court dat there was not a particular investigation or probes around GameStop right pay very close attention Jim Cramer also said you know what I don't see Melvin Capital 2.0 coming around the corner there isn't one simply because he's indicating that the only people who losing money on the market are not people like no Capital but rather individual investors were simply dumb enough CH camera said the name of the game is to sustain your level on the market not get squeezed not get smoked he said you should choose tacks that simply cannot take you off your position that are not highly leveraged either on the institutional or individual side and guys I have to be 100 the% honest with you comparison of two things that simply don't have no correlation in between it's not a new thing recently we saw somebody that is comparing roaring Kitty with bourney mov we saw this very recently remember very well they were comparing people who are actually in a position where they were suspected in contributing to the fraud Market situations with people who are not involved in any fraud conviction or whatsoever right so this is what I'm trying to say it is very easy to make a comparison with something that you want to make comparison with Aro situation has nothing to do with GameStop roaring Kitty has nothing to do with B made and all the Saga between the suits and individual investors for ones being sophisticated and others simply not being sophisticated has simply no point of it but again Jim has been Jim again Street [Music] New York Angelo hero in The Fray fist made of lion crush the greed away suit Shar Mass tight Justice in the air Wall Street fillings never see them unprepared in the boards trembling fear golden Watchman Angelo is here num big it's clear stealing from the people their careers disappear New York Angelo Wall Street play great with passion dollars in the rain eony keeping Justice through folk sh loud Angel we thank you manipulated run wild Angelo steps in stopes Wild Secrets under the table so dece he breaks the makes the wrong Retreats for every s and every dream T apart this fire fighter got love in his heart brothers and sisters get them man New York Angel no [Music] is the people rising from the street cleaning the corruption making just sweet every Crook in a suit knows his dreed name New York Angelo in the hero Hall of Fame New York Angelo Street b f green passion dollars in the rain economy s keeping Justice through F shout loud Angel we thank [Music] you music all York Angelo when your endeavors New York Angelo Wall Street Spain fighting green with passion dollars in the rain economy savior keeping Justice true folks shouting loud thank [Music] you Brothers ands yor with with [Music] is Angel F [Music] amush New York Angelo hero in the freay fist made of iron crush the GRE way suit Shar Mass tight Justice in the air Wall Streets never see them un prepared in the boards TR