Speaker 1: It's nice d Ray undoing Boston's news Radio.
Speaker 2: Welcome back everybody, fourth and final hour. Thank you very much,
Speaker 2: Dan Watkins. We are once again talking about the turbulence
Speaker 2: in the stock market. Another uh zig. It's been a
Speaker 2: zig zag last few days. There was a there's been
Speaker 2: more I guess ziggs than zag's. There was another downward
Speaker 2: zig today after yesterday's upbeat news. So we're going to
Speaker 2: talk about it. It's as simple as that. It is
Speaker 2: no question the story of the week. It may be
Speaker 2: so it may be eventually the story of the year.
Speaker 2: I don't know. I want to thank Tatsu Ikeda, who
Speaker 2: was really a great guest last hour, but most importantly
Speaker 2: go to substack and Tatsu Tatsu's newsletter. It's it's an
Speaker 2: incredibly easy read. Uh it is. It's made for anyone. Okay,
Speaker 2: you can be a have a doctorate in economics, or
Speaker 2: you can be someone who never finished high school. It's understandable.
Speaker 2: And in addition to the read the three thousand or
Speaker 2: so thirty one hundred words which has some graphs which
Speaker 2: help you understand that. I mean it really is an
Speaker 2: economics course, but an economics course which everyone will understand.
Speaker 2: He also takes the thirty one hundred page read and
Speaker 2: puts it into AI form, and you can listen to
Speaker 2: seventeen minutes of what would appear to be two people,
Speaker 2: a man and a woman, discussing the article and involving
Speaker 2: all of the important points in the article what did
Speaker 2: he mean by this? And they go through it. It's
Speaker 2: brilliantly done. That's just the only way I can describe it.
Speaker 2: It's brilliantly written, and it's brilliantly presented in AI form,
Speaker 2: so you can listen to it again. Tatsu's Ta t
Speaker 2: s U. That's his name, Tatsu, so it would be
Speaker 2: apostrophe s newsletter on substack. Well worth. The effort now
Speaker 2: got full lines. I'd like to hear from you. You can
Speaker 2: react to Tatsu. You can react to what went on today.
Speaker 2: You can take whatever position you want. I do just
Speaker 2: want to take one moment to correct myself. I was incorrect.
Speaker 2: Last night, Donald Trump was convicted of thirty four counts
Speaker 2: of what's called a Class E felony in New York.
Speaker 2: That was the case that deserves much more attention. It
Speaker 2: is on appeal. My suspicion is it will eventually be
Speaker 2: overturned on appeal in which the case was brought by
Speaker 2: Alvin Bragg. It was a misdemeanor at worst, it was
Speaker 2: bootstrapped up to a felony. And again it is technically
Speaker 2: it is a felony. My friend John from Pennsylvania was
Speaker 2: correct on that I was incorrect. I like to set
Speaker 2: the record straight. We can talk more about it. Obviously,
Speaker 2: there was no sentence that the judge who was clearly
Speaker 2: Judge Mershon Juan Mershawn, who was should have been disqualified
Speaker 2: from handling the case in the first place. At the
Speaker 2: end of the day realized that the person who was
Speaker 2: about the sentence or could have sentenced as the president,
Speaker 2: the President elect United States of the United States. He
Speaker 2: Bragg actually had suggested that they would hold this was
Speaker 2: a vicious, vicious use of a political use of the
Speaker 2: court system. It's as simple as that. It's as simple
Speaker 2: as that. There's probably thousands of New Yorkers who have
Speaker 2: done similar things. He was it was a prosecution, a
Speaker 2: political prosecution, plain and simple, and class is the lowest
Speaker 2: level of felony for falsifying business records. And it was
Speaker 2: only became a felony when they linked it to another crime,
Speaker 2: which was I guess they linked it to a federal crime.
Speaker 2: Federal prosecutors would not pursue the case. It was the
Speaker 2: most corrupt use of the American judicial system that I
Speaker 2: have ever seen. I've never said that before, but it was.
Speaker 2: It was an effort to attack him and take him
Speaker 2: out as a political candidate. And again technically is drawn correct,
Speaker 2: but certainly from a position of fairness, it was nothing.
Speaker 2: It was nothing, and I hope that case is overturned.
Speaker 2: So I want to correct the record as I often do. Uh,
Speaker 2: And we're gonna move on. We will move on to
Speaker 2: our calls. Let's go next to who's next? Robert in
Speaker 2: New Brunswick. Robert, you were next on Nightsicker.
Speaker 3: Right ahead, can you hear me?
Speaker 2: Yes, we can hear you, find Robert. Thank you for
Speaker 2: holding through the news on Nightside.
Speaker 4: I've said this is regarding the person you are. It's
Speaker 4: more of a subject regarding the person who were talking
Speaker 4: to mystery.
Speaker 3: You know.
Speaker 2: That's fine. I can handle whatever comments you'd like to
Speaker 2: make if you'd like to.
Speaker 4: Okay, Well, it's regarding the whole terror issue and everything.
Speaker 4: I understand. I understand the mission because I used to
Speaker 4: be a tool maker.
Speaker 3: Okay, and I know the.
Speaker 4: Whole I've lived through the whole China on thought things,
Speaker 4: I personally would and I get it completely.
Speaker 2: Okay, However, okay, I think there was a however coming here,
Speaker 2: So you go right ahead, make your points. Go right ahead, sir, Okay.
Speaker 4: Here, try to make it quicker, all right, because I
Speaker 4: was just walking some bitter out of book. Anyway, The
Speaker 4: thing is, why did the Japanese attack on pro Harbor
Speaker 4: do the pro Harbor thing? It was because of trade
Speaker 4: issues and bem bargled the oil. Okay, they were not
Speaker 4: good actress, but nevertheless, it was rooted in an economic issue.
Speaker 4: Many conflicts are rooted in economic issues.
Speaker 2: I would agree with you, I would agree. I would
Speaker 2: agree with you on that. I think you're correct. I
Speaker 2: don't know.
Speaker 4: Historically point my point did this?
Speaker 2: If I can, I just have a little bit of
Speaker 2: a conversation with you. I just wanted to say, I
Speaker 2: do not know if that's specific. I think it might
Speaker 2: have been a little more complicated than that. I think
Speaker 2: that they attacked Pearl Harbor because they may have felt
Speaker 2: that that was in there, this sphere of influence, and
Speaker 2: they didn't like the expansion of the United States. But
Speaker 2: I'm not going to dispute that, but I will agree
Speaker 2: with you, Okay, Robert, Robert, let me agree with you
Speaker 2: if you would. Can you hear me? You know, I'm
Speaker 2: trying to simply, I'm simply trying to agree with you
Speaker 2: that most wars, most wars are over economics.
Speaker 4: Go ahead, okay, now, relevance now, okay, we all know
Speaker 4: you yourself have mentioned the vulnerability of Pelan, right, Okay,
Speaker 4: are now here think about this now? Okay? The Chinese
Speaker 4: from the Chinese perspective, they're a commonist country, right, same
Speaker 4: communist party that was running China. I'm buck in the
Speaker 4: career war things. You see, they're just using economics as
Speaker 4: a way to keep people busy, you know, like manufacturing
Speaker 4: all this kind of stuff. Global trade. Their main priority
Speaker 4: is to retain control, all right, They're not that. They
Speaker 4: have a different playbook. So the deal is. I mean,
Speaker 4: you don't have to agree with me, but this is
Speaker 4: my point. My thing is this. They want Taiwana. But
Speaker 4: what's restrained them. Two issues the fear of the United States.
Speaker 4: Maybe in reality it's the Navy that's going to do it,
Speaker 4: be a resistance and economicsy, Okay, global trade. Now, Uh,
Speaker 4: both of those things have been putting out. When mister
Speaker 4: Trump be rated Zolensky, to me, that was like a
Speaker 4: green light to change. It doesn't look great that the
Speaker 4: US is going to come to the aid of Taiwan,
Speaker 4: at least that they're possible interpretation number one. Number two,
Speaker 4: they have to worry about the economic aspect, you know
Speaker 4: in United States closing up the market blah blah blah.
Speaker 4: Were there that that reality is now when you're a
Speaker 4: plus one hundred percent or more terrorists and if that's
Speaker 4: actually going to happen, where do they get to lose?
Speaker 4: So that's my point. Taiwan is extremely vulnerable.
Speaker 2: Well, Taiwan is vulnerable. However, Taiwan as the I think
Speaker 2: it produces about sixty percent of the chips that this
Speaker 2: country needs. The computer chips this country needs, it would
Speaker 2: be for this country, no question, China Taiwan. So don't assume,
Speaker 2: and I hope that GI is not assuming that we
Speaker 2: would not define Taiwan. And I also think by the
Speaker 2: way that Taiwan would be defended on a bipartisan basis,
Speaker 2: there is at this point probably a split in Washington
Speaker 2: that the Democrats are a little bit more supportive of
Speaker 2: Ukraine than Trump for a whole bunch of reasons. But
Speaker 2: you make some interesting points. Have you called my show before?
Speaker 2: Is this your first time calling?
Speaker 4: I tried last week, but I didn't understand the whole
Speaker 4: I heard the radio on the phone and I thought,
Speaker 4: oh no, I don't know what's going on. I didn't
Speaker 4: understand that that's just being put on all. I didn't yet.
Speaker 2: Well, and the way the future, you're not our only listener,
Speaker 2: by the way, we have listeners all over Canada. As
Speaker 2: a matter of fact, in a second, we're going to
Speaker 2: be talking to Greg and Ontario.
Speaker 4: So please you're in Boston. I just want to make
Speaker 4: a final little comment. There's another guy, a journalist in Boston,
Speaker 4: but he was cut off. I'll come Asbrooks.
Speaker 2: Yeah, you know again, that's a whole different state. That's
Speaker 2: about five years ago.
Speaker 4: Journalists.
Speaker 2: I'm just want to feel free. Look, I'm not commenting
Speaker 2: on my competition or people who work at other radio stations. Okay,
Speaker 2: I play for iHeartMedia. I play for WBZ. It's like
Speaker 2: if I play for the Red Sox. I'm not interested
Speaker 2: in talking about guys that play for the Tigers of
Speaker 2: the White Sox. I hope you can understand and respect
Speaker 2: that you feel free to call again. Thank you very much,
Speaker 2: have a great night, Good night, we'll take a break.
Speaker 2: Coming right back on night Side.
Speaker 1: It's night Side with Boston's news Radio.
Speaker 2: Back to the phones we go, I promise Greg and Ontario. Greg,
Speaker 2: you're nextcell on Nightside. Welcome back.
Speaker 5: Good Hi Dan, good to talk to you again.
Speaker 2: Thank you very much. You're just just said Robert from
Speaker 2: New Brunswick, and uh so I just wanted to make
Speaker 2: sure that he knew that there's other people in Canada
Speaker 2: listening to the Nightside.
Speaker 5: Go right ahead, Okay, Yeah. I listened to the conversation
Speaker 5: and some of the calls with Kiatsu. It was good,
Speaker 5: Oh hot to Okay, Sorry, Oh.
Speaker 2: No, it's just to to spell it write in case people. John,
Speaker 2: it's ta t s u.
Speaker 5: Tatsu tatsu Okay, got it.
Speaker 3: Yeah, yeah, I.
Speaker 5: Was listening to Uh. It was good to hear like yourself.
Speaker 5: It was good to hear a calming voice. You kind
Speaker 5: of explained. I didn't get the whole conversation, but I
Speaker 5: got the gist of it towards the end, and I
Speaker 5: think he's absolutely right. I think we turned to panic
Speaker 5: a bit much. And I'm just going to go back
Speaker 5: a bit back around nineteen about the nineteen seventies when
Speaker 5: I was a young man, and I remember working in
Speaker 5: the Windsor area across in Detroit the automotive sector and
Speaker 5: tool and die. And I've witnessed then, as most people
Speaker 5: our age did or my age, that when things started
Speaker 5: leaving North America going to Mexic grow and then eventually
Speaker 5: going overseas and just guided the industry here in Canada.
Speaker 5: I know that tool and die and everything. I had
Speaker 5: friends actually going into Mexico who are working in some
Speaker 5: tool and die shops, actually setting up shots and literally
Speaker 5: taking away their own jobs. So what I see mister
Speaker 5: Trump doing here is basically just taking back what was
Speaker 5: taken thirty forty years ago, because I do remember the
Speaker 5: amount of industry in this country into North America in general,
Speaker 5: and when I bought things, everything said made in the
Speaker 5: USA or made in Canada. And I have no problem
Speaker 5: with President Trump trying to reestablish that to benefit the
Speaker 5: whole of North America and give people back some good,
Speaker 5: stable jobs.
Speaker 2: You know, I think you're right. You know, it's interesting
Speaker 2: you have an election for Prime minister coming up up
Speaker 2: there when is that selection in May?
Speaker 5: No, it's actually just over just under three weeks the twenty.
Speaker 2: Years late April, right, yeah, it is late April. My mistake.
Speaker 2: What did the polls show on that up.
Speaker 5: There, Well, the polls showed Paul way ahead by twenty points,
Speaker 5: and when Carney got in, he had this little honeymoon
Speaker 5: period what like usually happens, and then the polls kind
Speaker 5: of what his favorite. But what's happening now is things
Speaker 5: are dead even But I got to be honest with you,
Speaker 5: I think they're totally incorrect in the polling here for
Speaker 5: many reasons, and I believe that PAULV has still got
Speaker 5: a lead in the end. I think just from what
Speaker 5: I'm don just my conversations with people here and what
Speaker 5: we've endured in the last nine years with Trudeau, people
Speaker 5: are definitely want to change, just like the United States.
Speaker 5: They just want to change.
Speaker 2: That's that's the analo. In other words, it seems to
Speaker 2: me that PAULIEV, if he gets elected, uh, he would
Speaker 2: be a much easier person for Trump to deal with.
Speaker 2: And you folks don't have like an electoral college like
Speaker 2: we do. It's a popular vote. It isn't that Ontario
Speaker 2: has so many votes, and New Brunswick has so many
Speaker 2: Your vote is the same as any other Canadian. Correct,
Speaker 2: it's a it's a pure democratic vote. Whoever gets the
Speaker 2: most votes wins.
Speaker 5: Well, it's a little different than electoral. It's based on
Speaker 5: like your writings in the seats and the writings, so
Speaker 5: in a sense.
Speaker 2: Yeah, it's a parliament, it's a parliament. Yeah, it's a
Speaker 2: parliamentary election. Yeah, I guess that. I think for that
Speaker 2: that correction. So, so then the question is how many
Speaker 2: seats do you have up there in your parliament? How many?
Speaker 5: Just for curiosity, Oh god, you called me off guard here, I'm.
Speaker 2: Going to do some research of that because I want
Speaker 2: to understand that. So you so you know, it'll be
Speaker 2: interesting if if if Canada wants to back Trump uh
Speaker 2: and and and and wants to wants to be shoulder
Speaker 2: and shoulder with the United States, they should be voting
Speaker 2: for Paulief. They don't need another uh Peter Trudeau or
Speaker 2: another Justin Trudeau.
Speaker 5: No, you're correct in that science just for sure, one
Speaker 5: hundred percent. We we can't we Dan, we can't afford
Speaker 5: another liberal government in this country for four years, because
Speaker 5: I think the damage at that point in time would
Speaker 5: just totally be irreversible from what I witnessed in the
Speaker 5: last nine years anyways, for sure.
Speaker 2: All right, well, Greg is always thank you so much
Speaker 2: for your call. I appreciate it very much.
Speaker 5: Okay, thank you, Okay, thanks Dan, And let's get those
Speaker 5: bruises back on track next year.
Speaker 2: Right, It's a lot of work to be done here,
Speaker 2: let me tell you, yeah, imagine, all right, thanks, let
Speaker 2: me go to Lamar in Boston. Lamar, are you in
Speaker 2: next on nights? I get you in here before the
Speaker 2: bottom of the r Go ahead, Lamar.
Speaker 3: Yes, thanks for taking my call. Dan, welcome your your
Speaker 3: guests mentioned that he started his research in nineteen eighty.
Speaker 3: I think that's rather convenient, because for the entire decade
Speaker 3: of the nineteen seventies the stock market did very, very poorly.
Speaker 3: It was a lot of volatility in the market. But
Speaker 3: the Dow started that decade at around eight ten, and
Speaker 3: by the end of the decade the Dow was somewhere
Speaker 3: around eight forty inflation adjusted terms. The S and P
Speaker 3: five hundred lost nearly fifty percent of its value during
Speaker 3: the seventies. And I'll say, finally, and by the.
Speaker 2: Way, if I could just jump in the seventies was
Speaker 2: not a great time for the United States. We were
Speaker 2: struggling with you know, historically, you know as well as
Speaker 2: I do, with the end of the Vietnam War, Nixon's impishment.
Speaker 2: They then had had the tumult in the Middle East
Speaker 2: with the arrival of the Ayatola hostage takeover, the nut
Speaker 2: and and Jimmy Carter had the oil embargo, and Opek
Speaker 2: was was trying to establish themselves. So, yeah, your career,
Speaker 2: you're absolutely correct. The nineteen seventies was not a great
Speaker 2: period of time. Good in many ways. I mean, Disco
Speaker 2: was king and all of that sort of stuff, but
Speaker 2: from an economic point of view, things things were not great.
Speaker 2: Go ahead, I didn't mean.
Speaker 3: To interece and and and and just let me say
Speaker 3: that he said something about the labor unions were you know,
Speaker 3: I'm not sure quite how he expressed, uh, the feeling
Speaker 3: in America about labor unions, but Ronald Reagan contributed to
Speaker 3: that ill feeling towards labor unions because remember when the
Speaker 3: air traffic controllers went on strike, fired them. He fired them.
Speaker 3: And I think and I think and I think the
Speaker 3: the the the the termination was permanent and he had
Speaker 3: UH and and he had military UH air traffic controllers
Speaker 3: manning the UH the towers. So I just want to,
Speaker 3: you know, you know, I just want to, you know,
Speaker 3: UH bring these you know, items out to shed a
Speaker 3: little bit more light on your guests and his research.
Speaker 2: I think I think what he was I think what
Speaker 2: he was saying, Lamar Lamar. I think what he was
Speaker 2: saying was that that if manufacturing comes back to the
Speaker 2: United States, which would probably be a good thing for unions.
Speaker 2: I think that he was saying was that the world
Speaker 2: has changed in terms of you know, computerization, artificial intelligence, robotics,
Speaker 2: all of those sorts of things that are existing today
Speaker 2: and developing today didn't exist in the eighties or the
Speaker 2: seventies or the sixties when the unions were much stronger.
Speaker 2: And I think he's saying that if the unions wants
Speaker 2: to want to come back, they're going to probably have
Speaker 2: to make some adjustments. I didn't see him as being
Speaker 2: anti union. I think he was basically being instructive or trying.
Speaker 3: To be in and and and and I just wanted
Speaker 3: to bring, you know, the point out that Ronald Reagan
Speaker 3: had a role in the demise of the labor union
Speaker 3: movement here in the United States. You see, I think.
Speaker 2: That I agree with you. I agree with you on
Speaker 2: that Reagan had been the president of the Screen Actors
Speaker 2: Guild as an actor. Uh And and you're correct that
Speaker 2: his his attitude towards unions over time changed. Uh and
Speaker 2: and and there's nothing that you have said that is
Speaker 2: uh is incorrect. I think there's a place unions uh
Speaker 2: and important. Yes, I do, Okay. At the same time,
Speaker 2: I think that sometimes the unions have to be a
Speaker 2: little more realistic uh and say, Okay, where do we stand?
Speaker 2: How is that? What is the company doing? What can
Speaker 2: the company afford? The union is a is a very
Speaker 2: important counterbalance, But the union can never kill the goose
Speaker 2: that lays the golden egg.
Speaker 3: And regarding geese that lay golden eggs, I just wonder
Speaker 3: about the impact that uh, the goose that is resigned
Speaker 3: in the White House. Now, what is what impact is
Speaker 3: he having on our allies? Are they thrilled you know
Speaker 3: with the way uh uh he and the vice president
Speaker 3: you know, have treated them, referred to them. You know
Speaker 3: they're going to going to unite. You know, he has
Speaker 3: shown uh see, he.
Speaker 2: Wants he wants our allies in Europe to pay more
Speaker 2: in NATO. I'm not opposed to that, sure, but he
Speaker 2: doesn't subsidized for years. So yeah, the other thing, you
Speaker 2: I just want to go back to the unit thing
Speaker 2: real quickly, Lamorrow. I'm not trying to confuse you, but
Speaker 2: Donald Trump support had more union support in this election
Speaker 2: than any Republican in my lifetime. Yes, ironically, ironically so
Speaker 2: well and and and Trump now is saying let's bring
Speaker 2: you know what union jobs back to America. That's part
Speaker 2: of what hist what part of what his motivation is here.
Speaker 3: Yeah, well, you know, it's rather interesting. I think it
Speaker 3: was David Brooks on television two or three weekends ago.
Speaker 3: Uh he used the term uh in referring to Donald Trump,
Speaker 3: that he's an extortionist, so some of the support.
Speaker 2: It doesn't surprise me that David Trump would use that
Speaker 2: term towards Donald Trump.
Speaker 3: Yeah. Well, you know, and he's a conservative and.
Speaker 2: No conserv David Brooks lamar place, please please, David Brooks
Speaker 2: is not a conservative. I mean, come on, he once
Speaker 2: was a conservative, but he is no longer a conservative.
Speaker 2: I mean it's like the liberals now love Mit Mitch
Speaker 2: McConnell because Mitch McConnell hates Trump. They now want to
Speaker 2: beautify Mitch McConnell.
Speaker 3: Come on, David Brooks is to the right of center.
Speaker 3: Whether you want to call him a conservative Republican, what
Speaker 3: would you call him?
Speaker 2: I always call him a guy who has changed his
Speaker 2: political philosophy. There are always people on both the right
Speaker 2: and left who switch. I mean, I'll want Doug shown
Speaker 2: go ahead, No, I'm saying I watch people, uh, you
Speaker 2: know who, for whatever reason, fall out of favor. You know,
Speaker 2: Donald Trump has changed the Republican Party a little bit,
Speaker 2: and there's a lot of people in the Republican Party
Speaker 2: who are not comfortable with Donald Trump. Look at Dick Cheney.
Speaker 2: Do you remember when Dick Cheney was thought of by
Speaker 2: the American left as Darth Vader. He was the evil
Speaker 2: genius behind George Bush. Now they want to put him
Speaker 2: up for sainthood. The American left does because he hates Trump.
Speaker 3: Because because yes, because they are standing up they are
Speaker 3: more American than Donald Trump.
Speaker 2: But they weren't American when he was Darth Vader? Were they? Lamar,
Speaker 2: we gotta have a much longer conversation. I've gone eight minutes.
Speaker 2: I'm five minutes into my newscast here I got I
Speaker 2: gotta run away, but thanks again and come on back anytime.
Speaker 2: I enjoy you calls very much. Thanks, I apologize to everyone.
Speaker 2: We're five minutes into the newscast. Let it rip, Rob
Speaker 2: Will be right back.
Speaker 1: Night Side with Dan Ray. I'm w Boston's News Radio.
Speaker 2: Back to the calls. Let me go to Will down
Speaker 2: to Long Island, Will next on Nissager right ahead.
Speaker 6: And then I think Ronald Reagan realized.
Speaker 7: The corruption and the union far outweighed the benefits of
Speaker 7: the union in that modern that today's legislation and regulations
Speaker 7: and OSHA and things like that had really leveled out
Speaker 7: the disparities that caused the need for the union in
Speaker 7: the first place. Right, So there's a lot of that
Speaker 7: that's involved.
Speaker 2: In I still think there's a need for unions.
Speaker 7: I think I'm not saying I'm an anti union person.
Speaker 7: I'm just saying that it's not it's not the Lase
Speaker 7: Fair Day and putting kids down in coal mines. Okay,
Speaker 7: the different times. More importantly, the Canadians, whether they vote
Speaker 7: right or left, at the end of the day, their
Speaker 7: leader will capitulate. Okay. The United States has four hundred
Speaker 7: and twelve billion dollars worth of imports from Canada. Canada's
Speaker 7: GDP is two point one trillion. We're literally twenty percent
Speaker 7: of their economy. They'll pander to their base right now,
Speaker 7: and the left will take a stand and pretend they're
Speaker 7: anti Trump, but at the end of the day they
Speaker 7: will capitulate. They have no choice. Now, don't get me wrong,
Speaker 7: we export three hundred and fifty billion dollars to Canada,
Speaker 7: though it's in our best interest. Now arts trading partner
Speaker 7: and one of them, we'll be on the same page.
Speaker 7: But I think at the end of the day, though.
Speaker 2: Also come they're also our neighbor. They share most of
Speaker 2: our values. There's no reason you have to unnecessarily aggravate
Speaker 2: a neighbor.
Speaker 7: Absolutely, right now, they're playing their political game and they're
Speaker 7: trying to produce It's always popular for the left to
Speaker 7: take a stand against Trump, but at the end of
Speaker 7: the day, the Canadians know what they need to do.
Speaker 7: More importantly, as far as the markets are concerned, it's
Speaker 7: a reaction everything right now to uncertainty, because at the
Speaker 7: end of the day, you have no clue what these
Speaker 7: tariffs are, what they'll be levied, you have a little
Speaker 7: we're singling out China, which was really obviously the goal.
Speaker 7: We have no idea when they're going to be implemented.
Speaker 7: We have no idea if they're going to be implemented.
Speaker 7: We have no idea what the reciprocal tariffs are going
Speaker 7: to be, if they's going to be retaliatory tariffs, you
Speaker 7: have no idea. And then even after they're imped these
Speaker 7: things are lagging in nature by by quarters, by years,
Speaker 7: we'll have no clue. We'll have a little bit of
Speaker 7: an idea of forecast like these earn these calls right now,
Speaker 7: the forecasts have to be like, well, we don't know.
Speaker 7: They're given scenarios right now. They're like, if this happens,
Speaker 7: we forecast this. If that happens, we forecast this. It's
Speaker 7: an unprecedented time in America right now. So what's happening
Speaker 7: in the markets. These knee jerk reactions to news sometimes
Speaker 7: it gets very you know, reactionary. You're in one of
Speaker 7: those moments right now.
Speaker 2: Are you still the market?
Speaker 7: Okay? Now, yes in some ways. And let me tell
Speaker 7: you what happened yesterday, huge thing. So in the morning,
Speaker 7: I'm talking manage it hundreds of millions of dollars, right,
Speaker 7: and we're speaking, and I said, listen, the market is
Speaker 7: up and down and up and down, and I'm short
Speaker 7: in the way of this. It's not a naked short.
Speaker 7: And I'll just explain to you simply what it is.
Speaker 7: I own inverse ETFs, their directional ETFs. They trade like stocks.
Speaker 7: If they if the market goes down, this thing goes up,
Speaker 7: so you could buy it and sell it like a buck. Right.
Speaker 7: So therefore, if I own a thousand shares, it means
Speaker 7: that if it moves every dollar it moves, I mean
Speaker 7: a thousand dollars on the downside. Right. So now I
Speaker 7: covered them before the markets went bananas, because it's going
Speaker 7: up and down and up and down. And I said,
Speaker 7: you know what, this is usually what happens when we
Speaker 7: could see the capitulation near a bottom. Let's just cover
Speaker 7: them up, like fifty percent in a few days. Let's
Speaker 7: put in a stop loss if the thing, if it
Speaker 7: keeps going, I'll hold it and I'll keep moving the
Speaker 7: stop and if not, if it falls down, I'll block it.
Speaker 7: At thirty the thing drops so fast because the market
Speaker 7: went up so fast, I almost got stopped out even lower,
Speaker 7: and I put it in because there was no buys
Speaker 7: for it. Right this thing was just flying down. So
Speaker 7: I got out probably up about thirty percent, And at
Speaker 7: the end of the day, I bought an option to
Speaker 7: put the qu'es qqq's where the trades at. Okay, it
Speaker 7: represents if the Nasdaq goes up, this goes up, I'll
Speaker 7: put you buy as an option to bet that it's
Speaker 7: going to go down. So at the end of the day,
Speaker 7: I bought it to say that it's going to go down.
Speaker 7: Not much, because my investments are usually this is like
Speaker 7: my little trading account. I don't I'm not going to
Speaker 7: trade my whole life's my whole life's work on this. Okay,
Speaker 7: it's a very small speculative account. And then I bought
Speaker 7: it to go down in the morning, which it did.
Speaker 7: Now my theory is I'll buy some long options that'll
Speaker 7: give me a month before expiration, and I'll say it
Speaker 7: and I think that things are that we're going to
Speaker 7: at least have some bounces in between. Maybe I could
Speaker 7: catch one of those. But as far as things like
Speaker 7: selling my stocks that I own that I believe in,
Speaker 7: like Apple and Amazon and four and you know, a
Speaker 7: ge and Johnson. And Johnson own that legacy stocks that
Speaker 7: I'll give to my children or maybe they'll give to
Speaker 7: their children. No, I'd be buying more. I'd be buying more, all.
Speaker 2: Right, fair enough, I believe in my core value. I'm
Speaker 2: up with my break. Thanks very much for calling. Thank
Speaker 2: you for that, for that take the other day, and
Speaker 2: we will talk soon. Have a great one. Okay. I
Speaker 2: got a couple of lines real quickly here. I got
Speaker 2: Jack coming up, I got Gary. They will be next,
Speaker 2: and then if you'd like to try to get in,
Speaker 2: I think I'll be able to get you in. Try
Speaker 2: six one, seven, two, five, four to ten thirty. Try
Speaker 2: six one, seven, nine, three one ten thirty. I hope
Speaker 2: most of you have followed the conversation tonight. I believe
Speaker 2: it's been a really good conversation. I think the callers
Speaker 2: have made the show tonight, and I think Tatsu Ikeda
Speaker 2: was an excellent guest and I'm very happy about that.
Speaker 2: I'm also happy about the conversation we had in the
Speaker 2: Canton train truck collision from yesterday. So I think I've
Speaker 2: had a really good show tonight. And let's finish on
Speaker 2: coming back. We have Jack and Mattapan, Gary and Wubrin.
Speaker 2: You guys stay there and we got room for you
Speaker 2: if you'd like six one seven, two, five, four, ten
Speaker 2: thirty or six one seven nine back on night side.
Speaker 1: After this, You're on night Side with Dan Ray on WBZ,
Speaker 1: Boston's news radio.
Speaker 2: All right, we got the next up, Jack and Mattapan. Jack,
Speaker 2: appreciate your patience. You're next on nightside.
Speaker 8: Yeah, okay, Well tell you what's really funny. Trump's on
Speaker 8: giving a speech, and meanwhile I'm watching the Dow Jones
Speaker 8: and you know, the other one, and every time he
Speaker 8: said the word the marcat would drop and drop and drop.
Speaker 8: You know, I believe the guy's dealing with he's dealing
Speaker 8: with the twenty first of the century economy, with the
Speaker 8: nineteenth century economic program. House are good.
Speaker 2: I mean, you know, well, there's a lot of countries
Speaker 2: that have tariffs, and I think he's trying to to
Speaker 2: minimize or get rid of them. I assume you're not
Speaker 2: a Trump guy, follow your of course not. Of course
Speaker 2: I get it. So therefore, my view of this, and
Speaker 2: you may or may not agree with me, is that
Speaker 2: it's a huge gamble. I'm not sure it's the honest
Speaker 2: gamble in the world. But if it works out and
Speaker 2: the other countries around the world said, okay, if you
Speaker 2: lower your tariffs, we'll lower our tariffs, and he wins,
Speaker 2: then that will be good for the country and it
Speaker 2: would be good for him politically. If, on the other hand,
Speaker 2: this thing continues to go in the wrong direction, it's
Speaker 2: going to hurt him politically. It's going to hurt the country,
Speaker 2: and therefore it will hurt himolitically. I think it's pretty simple.
Speaker 2: I'm not sure how it's going to end up, but
Speaker 2: he's he's made a big bet. As a matter of fact,
Speaker 2: I think I would argue that he's bet his entire
Speaker 2: a second term as president on this this action. He
Speaker 2: can't back out of it now. I don't think he
Speaker 2: can turn around and say, hey, I was wrong. That's
Speaker 2: not in his nature and see where it goes. Did
Speaker 2: you happen to listen to my ten o'clock hour tonight
Speaker 2: or no?
Speaker 7: No?
Speaker 8: I did not.
Speaker 2: Well, I had a fellow on whose name is Tatsu Ikeda,
Speaker 2: who's a pretty smart guy. If you have a chance
Speaker 2: tomorrow you might want to just give it a listen.
Speaker 2: I will try and replaynide on nightside on Demian dot Com.
Speaker 2: Tatsu is a really smart guy and he sees this
Speaker 2: as Trump trying to stand up to china expansionism. He
Speaker 2: got into some of the things that China is doing
Speaker 2: right now. I mean, we got it's a complicated world
Speaker 2: out there. No, I wish I don't have the answers.
Speaker 2: Give me, give me some answers. If are some ideas
Speaker 2: that you think whoever the president should be doing well at.
Speaker 8: First off, you go back to Sam Rayburn. You know, Uh,
Speaker 8: any jackass can knockdown abound a texta captain the build wood,
Speaker 8: and I think, right now we're dealing with a jackass.
Speaker 8: The economy was not in bad shape when he came
Speaker 8: into power. You know, maybe in place there was a
Speaker 8: little hot, but it was all manageable. And first off,
Speaker 8: I wouldn't fool around with the Chinese because it's you
Speaker 8: know a lot of the leaders were educated here, so
Speaker 8: you know, uh uh, I just think, uh, we're playing
Speaker 8: an economic war that we don't have to get into.
Speaker 2: You know, Okay, fair enough, Well, do me a favorite.
Speaker 2: I don't know how often you call the show, but
Speaker 2: you have a different point of view than some of
Speaker 2: my callers. Please continue to listen to the show. Call
Speaker 2: the show again, and let's continue this conversation. Fair enough.
Speaker 8: Well, I haven't called your show before, so but this thing,
Speaker 8: it was just like watching the Maxico down. It's like
Speaker 8: and it's like Don Recles.
Speaker 2: Okay, fair enough. Yeah, I mean you've called him a jackass,
Speaker 2: You've called him Don Rickles. So I think you've insulted
Speaker 2: him pretty clearly. And I think you've made your position clear.
Speaker 2: And come on back again and you can give them
Speaker 2: some more insults. Okay, not a problem. All points of
Speaker 2: view are welcome. Thank you, Thank you, Jack, appreciate it.
Speaker 2: Gary and Wouburn. Gary got time for you and a
Speaker 2: couple more.
Speaker 3: Go ahead, Gary, I'll make it fast. I talk to
Speaker 3: people who are much older than me, and it's mother
Speaker 3: than me because i'mber three stooges guy. They just say
Speaker 3: about Trump that he's a man who saw tomorrow. He's
Speaker 3: come around in our lives right now where we need
Speaker 3: somebody strong like him. When he was the president last time,
Speaker 3: the stock Markeet was up all the time. This is
Speaker 3: his game plan. Stock Marcket's gonna be down like crazy,
Speaker 3: probably till this September, until everything starts rocking. And rolling
Speaker 3: till these countries start saying, hey, listen, mister president was sorry.
Speaker 3: He was sorry, and he's gonna build up the bank account.
Speaker 3: I don't know why people put him down. I'm sure
Speaker 3: you agree with me, right, Dan.
Speaker 2: Well, I think that I don't know how this is
Speaker 2: going to turn out, but I think that he's got
Speaker 2: some advisors. I think he's got some pretty good advisors.
Speaker 2: I'm not a fan of Pena Navarro, the trade advisor,
Speaker 2: but I think Navarro stock has gone down substantially. And
Speaker 2: I'm rooting for him because if he does well, that
Speaker 2: country does well, just like I was rooting for Joe Biden.
Speaker 2: Simple as that.
Speaker 7: The reds what's that?
Speaker 1: What?
Speaker 3: What's the Red Sox? Before you go, I want you
Speaker 3: to do two trips this year because I want to
Speaker 3: meet you on one of these games.
Speaker 2: Well, here's the deal. We're not doing a We're doing
Speaker 2: a brunch on April twenty seventh at a restaurant in
Speaker 2: Western Now, Raleigh, n E.
Speaker 5: R O L. I.
Speaker 2: Rob will give you my direct line. I can help
Speaker 2: you out get some reservations. Come on out and meet
Speaker 2: a whole bunch of nightside people. Gary. I'm sure they'd
Speaker 2: love to meet you as well. You're well known nightside
Speaker 2: caller on a well known nightside listener. Hang on and Robie,
Speaker 2: give me my direct line. Give me a call tomorrow.
Speaker 2: I'll call you back fair enough. Thanks er, All right,
Speaker 2: Let me go from Gary and Wooburn. Let me go
Speaker 2: to Tim and Wooburn. Tim, I know is gonna be there. Tim,
Speaker 2: you and Gary could carpool together.
Speaker 6: Go ahead, Tim, Tom's great. I'll be here at twenty seven.
Speaker 6: Let me say this about Trump anyhow. I think the
Speaker 6: last time the country right, gasoline and food was inexpensive.
Speaker 7: I'll say that about him, and.
Speaker 6: I hope he brings that back. Gasolene is so expensive.
Speaker 2: Yeah, well, gasoline is down a little bit since he's
Speaker 2: been there. Gasoline bought. I bought gasoline last last week
Speaker 2: at my pell Gary's store liquor I shouldn't say the
Speaker 2: liquor gas station on Route nine in Wellesley for two
Speaker 2: seventy two dollars seventy three cents a gallon. So and
Speaker 2: oil is now down around sixty dollars a barrow. That
Speaker 2: means gasoline going forwards is going to continue to go down.
Speaker 6: That's good. I think Trump will bring things back. I
Speaker 6: will I voted from.
Speaker 2: All right, well we'll see, we'll see. Hey, Tim, I
Speaker 2: got one more. I'm going to sneak in here. Thanks
Speaker 2: for checking in late. I appreciate it. Okay, thank you much.
Speaker 2: You bet you see you then? Okay, thanks, thanks very much. Tim.
Speaker 2: Let me go to Joe and a Ridge. Joe, you
Speaker 2: got final comment tonight, go right ahead. We only got
Speaker 2: about Hey, how much we got here, Rebell? I got left? Yeah,
Speaker 2: I got about thirty forty five seconds for you, Joe,
Speaker 2: go right ahead.
Speaker 9: Boy, all right, well, I sell cars, as you know.
Speaker 9: I'll talk to you before.
Speaker 2: Yep.
Speaker 9: And I'm looking at the window stickers and thirty seven
Speaker 9: percent as the parts are sold in from Canada, thirty
Speaker 9: seven percent from Mexico. We're adding two hundred and fifty
Speaker 9: jobs in Fort Wayne, Indiana, but it's not going to
Speaker 9: help us in the long run with tariffs. The other day,
Speaker 9: your first guest was telling us everything's been suspended but
Speaker 9: the auto industry, and I could tell by your tone yourself,
Speaker 9: You're like why. And what I'm saying is, even though
Speaker 9: we're producing more Silverados in this country, it's not going
Speaker 9: to help the numbers of the imports we're getting is
Speaker 9: still going to get tariffed.
Speaker 2: All right, Joe, I've gone a minute with you. If
Speaker 2: you'd call a little earl, we could spend some time,
Speaker 2: but I'm running out of time, so I got to
Speaker 2: let you go. Thanks. You had final work tonight. Thanks Joe,
Speaker 2: appreciate it. Have a good night. I want to thank Rob.
Speaker 2: I want to thank Maria. Want to thank all the calls.
Speaker 2: We had a bunch of really good callers tonight. We
Speaker 2: had excellent guests. I want to thank all of you.
Speaker 2: I will remind you. I'll be on Facebook in just
Speaker 2: a moment, a nice out with Dan Ray. I'll review
Speaker 2: the show for you. All dogs, all cats, all pets
Speaker 2: go to heaven. That's why Pal Charlie Ray is who
Speaker 2: passed fifteen years ago in February. That's why your pets
Speaker 2: are who passed. They loved you and you love them.
Speaker 2: I do believe you'll see them again. We see game
Speaker 2: tomorrow night on nights Side. Everyone Dan Ray for Nightside.
Speaker 2: Have a great Friday, everyone, tgif it's almost Friday,