Karen Finerman

Not too much deregulation, though.

We don't want to go through 2008. Right. So things, you know, it's a pendulum, right? We always go from one excess past what probably is the right amount to the other that is the wrong amount is too much. So there's a lot of room to come back and still have guardrails that we need. Absolutely.

We don't want to go through 2008. Right. So things, you know, it's a pendulum, right? We always go from one excess past what probably is the right amount to the other that is the wrong amount is too much. So there's a lot of room to come back and still have guardrails that we need. Absolutely.

We don't want to go through 2008. Right. So things, you know, it's a pendulum, right? We always go from one excess past what probably is the right amount to the other that is the wrong amount is too much. So there's a lot of room to come back and still have guardrails that we need. Absolutely.

Right. And we thought there would be a lot of mergers and investment banking activity. Not happening. One thing that is happening is the amount of trading revenue. So if you're the Goldman Sachs desk or JP Morgan's desk, the amount of volume we're doing trading is extraordinary, right? We've had several of the highest volume days ever just in the last two weeks. So they'll make money on that.

Right. And we thought there would be a lot of mergers and investment banking activity. Not happening. One thing that is happening is the amount of trading revenue. So if you're the Goldman Sachs desk or JP Morgan's desk, the amount of volume we're doing trading is extraordinary, right? We've had several of the highest volume days ever just in the last two weeks. So they'll make money on that.

Right. And we thought there would be a lot of mergers and investment banking activity. Not happening. One thing that is happening is the amount of trading revenue. So if you're the Goldman Sachs desk or JP Morgan's desk, the amount of volume we're doing trading is extraordinary, right? We've had several of the highest volume days ever just in the last two weeks. So they'll make money on that.

They'll make sort of extra money. But I don't want to pay a big multiple of earnings on what I think is extra short-term money that isn't going to be, a long-term trend of giant trading day, you know, commissions. I'm not, but in the short, very short term, it helps.

They'll make sort of extra money. But I don't want to pay a big multiple of earnings on what I think is extra short-term money that isn't going to be, a long-term trend of giant trading day, you know, commissions. I'm not, but in the short, very short term, it helps.

They'll make sort of extra money. But I don't want to pay a big multiple of earnings on what I think is extra short-term money that isn't going to be, a long-term trend of giant trading day, you know, commissions. I'm not, but in the short, very short term, it helps.

The financials started off really well and then really got hurt in this tariff, whatever you want to call it. I don't know. Do you have a word for it? Fuck, we can bleep it out.

The financials started off really well and then really got hurt in this tariff, whatever you want to call it. I don't know. Do you have a word for it? Fuck, we can bleep it out.

The financials started off really well and then really got hurt in this tariff, whatever you want to call it. I don't know. Do you have a word for it? Fuck, we can bleep it out.

Okay. That is the proper word for it, I think. Yeah. So... Hullabaloo? Hullabaloo. Kerfuffle. Kerfuffle.

Okay. That is the proper word for it, I think. Yeah. So... Hullabaloo? Hullabaloo. Kerfuffle. Kerfuffle.

Okay. That is the proper word for it, I think. Yeah. So... Hullabaloo? Hullabaloo. Kerfuffle. Kerfuffle.

Who doesn't love a kerfuffle? Perfect. Just because Jamie Dimon used the word kerfuffle.

Who doesn't love a kerfuffle? Perfect. Just because Jamie Dimon used the word kerfuffle.

Who doesn't love a kerfuffle? Perfect. Just because Jamie Dimon used the word kerfuffle.

Yeah. But he's extraordinarily good at his business. But normally when you see... Turmoil in the financial markets, banks, because they are levered, don't generally trade well. So Citibank didn't trade well. I mean, JP Morgan said it was a 280, went to 210. That's an enormous move. Goldman Sachs. Goldman Sachs. I mean, all of them. So they all kind of moved together.