The first episode of Season 3 (the lost season!) of Wall Street Warriors – a 10-part Docu-Reality Series that was shot on Wall Street during the meltdown that lead to The Great Recession. Episode 1 starts with rumors of an impending crisis... by episode 10 there are near riots outside the New York Stock Exchange.
"Enter the Bears"
The 3rd season opener gives a behind-the-scenes look at the New York and Chicago financial districts just as the credit crunch begins to unfold. Fearing a deep recession, sibling stock brokers, Phil & Ken, argue over how best to protect their client's money. Doug, a floor trader on Chicago's famous outcry pits, shows what it takes to be a survivor in the cut-throat environment. Meanwhile, Kristi, CEO of a new online trading firm, Think or Swim, stresses out trying to meet a major filing deadline while Rich, the Hedge Fund guy, tries to profit from the growing oil bubble.
Episode 2 "The Fear Gauge" is available here: https://youtu.be/A3Mhtb1c55o
Wall Street Warriors S3 Ep1:
Coming up next on Wall Street Warriors.
PHIL: Today's the start of the official bear market.
RICH: Stress levels are off the charts.
DOUG: The American economy is so weak right now.
KEN: We're down 13.
PHIL: You're [bleep]ing killing me here.
KRISTI: The tension is visible. Just keep me updated. Good-bye! Grrr! [laughs]
THE FLOOR TRADER
THE MARKET MAKER
THE OPTIONS TRADER
WALL STREET WARRIORS: ENTER THE BEARS
MARKETS ARE FALLING
THE CREDIT CRUNCH CONTINUES
HOUSING PRICES ARE PLUMMETING
OIL PRICES HAVE SOARED
TALK OF CRISIS HOVERS OVER WALL STREET…
WORLDWIDE CAPITAL OF DERIVATIVES
S&P 500 INDEX OPTIONS PIT
CHICAGO BOARD OPTIONS EXCHANGE
DOUG: This is like the Wild, Wild West of trading. There's more money than I've ever seen.
DOUG: A broker comes into the crowd with a 10,000-lot order,
and the premium on the order is huge, crazy money. Billions and billions of dollars are traded on a daily basis out here. It’s Capitalism to the extreme. A lot of people make a lot of good money down here, but you pay the price, too.
DOUG: Right now, we're in a little tricky area. The American public wants a rally, but any kind of move to the downside gets people panic. I think we could start having a problem in the market.
DOUG:I think the credit crisis is huge right now because when the U.S. economy gets bad, people run and they buy oil. They buy gold.
TRADER #2: There's a confidence that, uh, has eroded.
TRADER #3: There's a lot of money on the sidelines.
DOUG: The dollar's getting pounded because the American economy is so weak right now. There's a problem. I mean, there's-- there's a problem that has to be solved. Something's gotta be fixed.
NEW YORK FINANCIAL DISTRICT
KEN & PHILIP BRISARD STOCK BROKERS
PHIL: We can probably raise a cool $3 million out of that seminar.
Now, you had a ACAP come in last week. Did it settle?
KEN: Yeah. Well, it settled for about 620,000.
KEN: Today is definitely gonna mark a historic day because we are officially in a bear market.
PHIL: Front page of The Wall Street Journal, The New York Times, and all these other financial newspapers are calling this the "Great Depression."
KEN: We currently have oil, natural gas. The dollar's
at a 52-week low. And those three components of the economy
are hurting us really bad.
Right now you need to keep everyone calm, collected,
and tell them about the options strategy. Don't get into
the panic mode, 'cause everyone panics when everything's
going wrong. You know, no one can see the light of day. And this is what tells me there's opportunity all over the place.
Brisard & Brisard.
I'm a financial advisor. I've been doing this 14 1/2 years along with my partner, which is also my brother Ken.
We deal with stocks, bonds, and options.
Some people say don't do business with your family, but I don't know who else I could do business and trust.
The writing's on the wall. All you have to do is go the opposite way.
But every single day, myself and my brother, we reach a point
of, uh, disagreement.
You're a genius on that. And you know what?
No, you called me an idiot.
I called you an idiot on it because you know what?
I actually booked some of my clients out of the SKF right around $120 'cause the market...
Phil likes to do things his way.
HEDGE FUND MANAGER
RICH TAG: I watched the past three months oil go from 80 to 130.
But it's gonna turn, right? I mean, in the U.S., prices are high enough. In London, they're picketing, and they're burning
gas stations down, right?
Wall Street is feast or famine.
We just came out of five years of hyper growth, and boom, we got hit with the sub-prime crisis, and Wall Street started to pare back and lay off.
Stress levels are off the charts. There's a lot of hysteria in the markets now. Many of the energy hedge funds are flat or minus for the year.
Hedge funds are now managing a significant share,
probably 50% of America's investable assets.