I happen to think the whole banking sector is 'uninvestable', says Neuberger Berman's Steve Eisman

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[Kenneth]

Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.

[larrylentini]

It boggles my mind that people who claim to be numbers driven economists can look at how much money the government is spending and how much cost of living has gone up and still say "this is fine, we could have a soft landing"

[danielspoerle]

Just do the opposite of what the "professionals" say.

[Truthtoat]

He has ZERO confidence in his statements, just listen and watch his body language

[valuations]

The banking sector is the sector with the largest proportion of profitable companies in it. Only four industry sectors have a higher proportion of profitable firms, and all of them are oligopolistic with a small to extremely small number of companies.

So he might find it uninvestable, because he cannot figure out the risk, but it is a financially very successful sector of the economy.

[cennamo]

Becky and Joe have to stop interrupting their guests.

[tampabayrodeo]

As a soon-to-be retiree, keeping my 401k on track after a bumpy 2022 is a high goal. I've read about investors generating up to $250k ROI in this present sinking market; any suggestions for increasing my ROI before retirement would be greatly appreciated.

[menachem]

I respect Steve but 2:10 he says “I’m not an economist” and 2:33 he says “I’m an economist “ I find that funny

[PC-cswp]

The only REAL PROBLEM here today is the VALUATIONS!!!! Fix those and everything just like before all this crap after the

[roberttaylor]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.

[illegalsmirf]

There's nothing 'scarier' than workers getting better wages and big corporations having slightly lower profits!

[millermiller]

I don’t understand why deposits are $2 trillion above trend? Because people pulled money out of stock market? People’s savings are up from COVID?

And why does he think the $2T is coming out of the banks? Thanks.

[Truthtoat]

How could he possibly tell the Truth 🤦‍♂️

[gmoney]

How can he say banking is un-investable and then say no recession. If banks don’t lend bc they can’t, then goodbye. He’s compromised. Vinny, Danny and Porter are less biased than him

[javierjp]

Bro took 7 minutes to say he believes in soft landing, he likes quality 5y corp bonds and that he doesn't like financials

[jessicasquire]

I genuinely mean it when I express my stress and concern regarding the market crash and high inflation, particularly in relation to my retirement. I have been experiencing losses for quite some time, and while some may argue that crises can present opportunities, I am feeling overwhelmed. However, I understand that investing is a long-term endeavor, and it is crucial to maintain focus on the bigger picture and the long run.

[williamgoodlett]

should people buy bonds and notes if online banks are giving 4%-5.13% interest rates and you don't have to lock up your money.

[bigbirdyolo]

Idk why in their right mind would think the Fed would cut rates anytime soon. Rates will be higher for longer, that is the new norm, and they will probably increase the rates more and don’t be shocked when mortgage rates are 8-9%.

[jacobhuffman]

Inverted yield curve is undeniable evidence of a recession

[ronsilva]

Yep, I should have never listened to the talking heads . Most of them pushed the soft landing . I should have went to cash and waited, my bad .