Breakfast All Day Podcast 1/29/21

Saint Maud and the True Horror of Broken Minds and Bodies | Den of Geek

It’s gloomy and rainy in Southern California, but we’re here to offer some sunshine on Breakfast All Day. Alonso, Matt and I review “The Little Things,” which feels like a “CSI” episode full of Oscar winners, and the deeply disturbing “Saint Maud,” the first truly great movie of 2021. In news, we talk about the Super Bowl matchup between Matt’s Kansas City Chiefs and the Tampa Bay Buccaneers, Gov. Gavin Newsom lifting the California stay-at-home order, the MyPillow guy getting kicked off Twitter, Spirit Award nominations and the AFI top 10, the arrival of First Dogs Champ and Major Biden at the White House and the sad loss of legends Cloris Leachman and Cicely Tyson within just days of each other. (Matt also tries to explain the whole Game Stop stock thing to us, but we’re still confused.) And over at our Patreon, we recap this week’s excellent episode of “WandaVision,” which tied into the whole Marvel Cinematic Universe in clever ways, as well as episode 4 of “Bridgerton,” with its pistols at dawn. Hope you’re snuggly and warm, and thanks for hanging out with us.

Listen to the episode here

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  2. GameStop –

    Remember when Star Trek scripts would just say [tech talk] in various places to indicate where the technobabble need to be inserted. In he GameStop case the technobabble has real meaning but, as with Star Trek, it doesn’t really affect the plot. So, here’s the deal with GameStop stripped of all the tech talk and Just sticking with the stuff that affects the plot.

    Wall Street loves leverage. That’s where you can make a long odds bet and turn a little money into a lot of money, if you are right. Short sales are such a bet. So several hedge funds did short sales on GameStop. Short sales make money when the stock goes down. There is an opposite bet where a little money turns into a lot of money, but only if you are right and the stock goes up. In both cases the stock only has to go up or down by a little for the bet to pay off handsomely.

    The other thing you need to know about short sales is that if they go bad there is no limit to how much money you can lose. That’s because there is no limit to how high the price of a stock share can go. BTW, the opposite bet doesn’t have this problem. You may lose all the money you initially put in, but that’s it. The share price can only drop to zero.

    A couple of clever people figured this out and said “here’s how we can cost Wall Street a lot of money”. Lots of small fry piled on and Wall Street started hemorrhaging billions. The powerful said “we can’t let this happen” and stepped in. Robinhood, the company that the small fry had been using to do 100% legal things, stepped in and put a stop to things, temporarily.

    Things are now developing faster than they do in a “Fast and Furious” movie. For instance, there is now a class action lawsuit against Robinhood. It will be interesting to see how long it takes Wall Street to figure out just how deeply they are hated, especially after 2008 when they got bailed out and the small fry got hung out to dry.

    Christie? Does this help.

    Reply

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