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 this is part three of our special four-part video series about the economic apocalypse of the four horsemen everything mentioned in this video should be considered opinion only and not personalized investment advice we talked about debts and defaults to the follow-on effects from them the counterparty risk now we're going to talk about part three very important and this is something that has been manifested because of parts one and two in the way that we're trying to run this society we've got detachments

between stocks and the economy and fundamentals all sorts of detachments detachments of opportunities income disparities in this part this four horsemen part part three could be called this is easily delusion we're in a delusional market with detachments between fundamentals and there's prices that the stocks are trading at for example there's all sorts of detachments so i'll get into it now but if you've seen recently what's going on with amc theaters gamestop these meme stocks that are

being driven up in price strongly now everything i say in this part keep in mind every single artificial influence is always temporary if you take one thing i say ever if you ignore everything else i've ever said in my entire life just pay attention to that every time something is artificial it's temporary this is from investment you and the reason i'm calling it out is i want to show you that they're talking about fundamentals fundamental arguments you guys know that my approach to investing is fundamental

mainly 80 fundamental analysis 10 technical analysis with leads analysis and 10 third level analysis which is things like more qualitative more like branding and the way that a product differentiates itself that's very valuable it's one of the things that a lot of people don't look at if they're an analyst but this says amc one of the wall street's biggest winners this year the shares of amc skyrocketed more than two thousand eight hundred percent with most of the pandemic restrictions

being lifted and people are starting to return to theaters it's such a strange combination of thoughts there where it's like they're talking about a fundamental reason that well people are going back to the theaters and the stock price went up two thousand eight hundred percent let me tell you about amc we had a theater in town here that it went from empire theaters landmark theaters to amc theaters they just keep going bankrupt and all they really do somebody comes along buys them and changes the snack bar i'm sure they

do stuff behind the scenes but i'm just saying that oh a new owner of a theater can you go in there in the snack bar and they've moved where they put the licorice they're combining a fundamental argument for something which is absolutely not fundamental fundamentals did not drive the price up two thousand eight hundred percent it was the artificial influence of a bunch of people buying all at once and what happens it's artificial solar lights right movie theaters are swimming upstream it's basically

like the industry for pipes and fur coats and monocles phone books xerox machines i think that running a movie theater must be one of the toughest businesses besides running a restaurant right now and the other one another one of several actually the big one was gamestop the continued buzz surrounding gamestop on social media drove out the prices even though the companies closed 693 stores last year and plans on closing more this year despite that the shares climbed more than one thousand two hundred percent

understand that one thousand dollar percent is absolutely detached from the fundamentals and they say it's all thanks to internet hype message boards with over 10 million users can generate enough excitement to drive stock prices now say it my way can generate enough to drive stock prices artificially and temporarily there's a big big difference this was a response i wrote to a lifetime subscriber of peterleeds.com for numerous reasons we are in a delusional market delusional markets can

always get even more delusional but they cannot remain as such for an unlimited amount of time reality will come back and that will look like inflation and pension clawbacks and defaults on debts of all kinds mortgage and our loan financing fraud and further deterioration of the purchasing power of the us dollar and major homelessness problems and a stock market decline enough of this it's depressing me let's go talk about complacency when there's a lot of complacency that means that there's a lot more risk

for investors most big stock market crashes or down drafts will happen when there's greater complacency peter is not going to say it so i will please subscribe to the channel