well Bret that’s the only way I can start this thing man it’s a tough uh it’s a tough go this morning so we put some vodka in the lcro which you can’t see everybody but you’ll be able to hear it in our voes we slur towards the end of this uh podcast we got we’ll get through Monday with vodka today CU everything is just on a fire it’s in a bad way it’s like you know I show you that Meme this is fine we’re just sitting in here in this room’s on fire I’m going to send sky that for our thumbnail I already saved it um what the hell’s going on out there man you know um the Japan the Japanese the Nik whatever got just smoked um over the weekend that market um got crushed I mean it kind of started with our markets at the end of last week and it just was a continuation into so it was our own our own United States Market yeah part of it they’re they’re in kind of a a bit of a mess at their own Financial system and so they’re feeling the

effects of that I mean I think it was like I think it dropped like 12% or something the last time it dropped the last time that the Japanese Market got crushed like this was basically when um they had that uh nuclear reactor that spill when the ocean um the tsunami hit and oh like that was the last time their Market has taken up this big of a of a but there wasn’t a tsunami this time no just a financial tsunami that’s kind of carried over to the the world you know our markets are definitely touch and go we had kind of a shitty labor report on Friday which now people are saying well if the feds would have you know started to address these interest rates a little bit earlier then maybe we would wouldn’t be in you know as much of a and I think it’s some of that’s overblown I think it’s people trying to read the tea leaves a little bit not that the economy hasn’t been stressed seen or stressed because Chad and I discussed this in the Bulls versus Bears podcast which comes out today but uh we just

you know Chad and I shot that last night actually yesterday afternoon and uh and talking about you know these the August feris markets and we were talking about I mean us on the scrap and right you know we see a Slowdown coming because we feel it on the volumes with these manufacturers you know whether it’s the steel building manufacturers the GU manufacturing widgets the guys manufacturing whatever when those volumes of material even the trades worker you see it trades workers we see less copper we see less electrical wire you know they’re building less homes we see it like front line nobody sees it faster than us because we feel it right out the gate now it might take a while before these measuring sticks like come out whether it’s a the jobs reports or the economic uh like the fear greed index or you know how people the ISM Manufacturing report you know those hit like a month two months you know after like what’s really going on that we’re seeing on the front line MH and we’ve been calling for a while you know that there’s the only reason these the stock markets

up is you know your big seven right like your apples Googles Nvidia like those guys are carrying this Market other than that I mean it’s been a it’s been a it’ll be a rough go and so if those guys lose steam like they did they did I mean stock market crypto they all Commodities I mean it all goes at once right and and a lot of its margin calls it’s professional Traders you know they’re getting you know that market starts cratering down Margin Call Margin Call Margin Call Margin Call all sudden people are selling this to pay for this Margin Call they’re selling so they’re selling stuff that really has nothing to do with the market but they need to generate cash off to generate cash cash to cover up this trade over here so that’s why it all goes at one time and then it’s just and it’s also like a momentum trade right so then you get all a sudden people like oh okay like this thing is going the other way we’ll start shorten it and then it just kind of that’s that’s how that goes whether it’s Commodities whether it’s

stock market and you know it goes back to like I my post this morning like everybody has a plan to get punched in the face and then it’s then things change so well we’re that’s where we’re at today we got punch in the face yep we’re under $4 copper you were predicting that you know 402 now I saw is it 402 okay so I think early it was a little worse it was early everything was early worse pgms are still a rough go 50 on you know both Platinum plaum I haven’t seen what rodium is like but I’m sure it’s much of the same um but you know copper you know off8 to earli this morning it was like 15 you know and it’s like eight now um aluminum’s off nickel’s off I mean everything is is rough but like you said that even your cryptos I mean they got hammered last night I was every time I get an alert on might watch it be like ethereum is down five more per ethereum is down like what is going on think ethereum the same thing was happening to me ethereum and Doge were

just getting yeah Doge got down like and Bitcoin Bitcoin got crushed to like high 40s mhm um yeah it was I don’t know I think it’s you know it’s like anything right right I mean it’s a Traders Market a lot of it’s reactive though don’t you think it’s just reactions overreactions or maybe or maybe it know I I don’t know I don’t I I I think it’s you know I think it’s part of the it’s part of the game that we we play if you’re in a these these markets whether it’s stock market the Commodities markets the cryptos it’s very it can be very volatile both ways and so you just if that’s not if you don’t like volatility and you don’t then you you know you probably make sure you’re hedged and you probably make sure that you you know you have a certain you know you don’t get too deep on any of it right um but I don’t think that’s either you or I’s way to do it so we I think we’re pretty no there were times I’d say like maybe 10 years ago that a day like this morning

would have happened I would have been like what is going on geez let’s go but I think I’ve seen it a fair amount of times you get you get used to it and you’re like you do you get I would like back 10 years ago I would have been texting you at 5:00 a.m. hey the world’s on fire you know today I like I’ll see him I’ll see him I’ll see him when I see if he walks in and he’s drunk well no he already knows yeah so I mean es and flows is is what we do if if you’re new to the scrap world like hang on because this isn’t the first or the last time you know yeah so it just is part of the game and I think think we were kind of texting this weekend like the chaos can become really fun and the grind and the problems if you can like be crazy enough to like figure out how to have fun with it it just it really can be fun as miserable as some days can feel yeah then you’re like okay cuz then the good

days just feel that much better well and if you realize like you know the world isn’t going to come to an end today just like on the good day days like it’s not that’s that’s not how it’s going to be every day right as soon as you realize like yeah the good days are good and the bad days are bad and then there’s a lot of days in between you’re like and then you just try and figure out how to uh make it work in your favor you know and I think that’s I think there’ll be a lot of people probably trying to buy scrap today at this price right if they feel like they can squeeze and take advantage of it you know and buy some material if somebody’s in a panic to sell and they’re willing to give up M you know some material out there’s opportunity yeah there’s just like anything there’s always people that thought this thing was going to go one way and it didn’t so now they’re trying to move or in an upside Market people that held through the down and now the Market’s up and they’re

ready to you know cash in I think it you know it just depends on your outlook I thought about buying more Dogecoin when it was eight cents yeah I thought have had more money in my account I would have there ain’t no doubt about that but I didn’t I thought about it if you want to Lo me some money I was sure go buy some right now at 10 I got like a 20 in my drawer which for 20 at 10 cents I mean you buy couple shares that’s not bad yeah m is the gas fee so we’ll uh yeah we’ll just adjust we’ll move on we’ll find the opportunity out there um which there’s always opportunity absolutely ups and downs and you know you got to learn to love it I do I do like the green days I do feel a little better when it’s like this well if we would have just waited maybe till the tomorrow or Wednesday maybe we’ve been shooting this thing like Wednesday and Thursday we we’ve been on that summer schedule yeah we’ll get to it everybody’s busy so now we’re trying to get back school’s

about to start over here get ourselves back in the routine you know we’re going to figure out a weekly live Community conversation I just don’t know what it’s going to be around yet but we’ll figure that out this get we’ll get we’ll get a live episode out there this week too so just stay post stay tuned all right man everybody have a great great day listen to Bulls versus Bears Chad gives some great Insight on the feris markets and uh um I think our our generational courage comes out today with Brandy harlo she’s a I mean she’s a killer she’s so good I really enjoyed that conversation so stay tuned we’re recycled media we’re we’re uh we’re going to continue doing what we do thank you everybody take care