MagnifyMarket Movie Lounge

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"Market Movie Lounge" a place to introduce and share movies and documentaries all about market, trading & economic concept.






ps: I called it "Market Movie Lounge" any better suggestion is welcomed.


Re: Market Movie Lounge

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Inside Job
Inside Job is a 2010 American documentary film, directed by Charles Ferguson, about the late-2000s financial crisis.
The documentary is split into five parts. It begins by examining how Iceland was highly deregulated in 2000 and the privatization of its banks. When Lehman Brothers went bankrupt and AIG collapsed, Iceland and the rest of the world went into a global recession. At the Federal Reserve annual Jackson Hole conference in 2005, Raghuram Rajan, then the chief economist of IMF warned about the growing risks in the financial system and proposed policies that would reduce such risks. Former U.S. Treasury Secretary Lawrence Summers called the warnings "misguided" and Rajan himself a "luddite". However, following the 2008 economic crisis, Rajan's views came to be seen as prescient and he was extensively interviewed for this movie.

Part I: How We Got Here
The American financial industry was regulated from 1941 to 1981, followed by a long period of deregulation. At the end of the 1980s, a savings and loan crisis cost taxpayers about $124 billion. In the late 1990s, the financial sector had consolidated into a few giant firms. In March 2000, the Internet Stock Bubble burst because investment banks promoted Internet companies that they knew would fail, resulting in $5 trillion in investor losses. In the 1990s, derivatives became popular in the industry and added instability. Efforts to regulate derivatives were thwarted by the Commodity Futures Modernization Act of 2000, backed by several key officials. In the 2000s, the industry was dominated by five investment banks (Goldman Sachs, Morgan Stanley, Lehman Brothers, Merrill Lynch, and Bear Stearns), two financial conglomerates (Citigroup, JPMorgan Chase), three securitized insurance companies (AIG, MBIA, AMBAC) and the three rating agencies (Moody’s, Standard & Poor's, Fitch). Investment banks bundled mortgages with other loans and debts into collateralized debt obligations (CDOs), which they sold to investors. Rating agencies gave many CDOs AAA ratings. Subprime loans led to predatory lending. Many home owners were given loans they could never repay.

Part II: The Bubble (2001–2007)
During the housing boom, the ratio of money borrowed by an investment bank versus the bank's own assets reached unprecedented levels. The credit default swap (CDS), was akin to an insurance policy. Speculators could buy CDSs to bet against CDOs they did not own. Numerous CDOs were backed by subprime mortgages. Goldman-Sachs sold more than $3 billion worth of CDOs in the first half of 2006. Goldman also bet against the low-value CDOs, telling investors they were high-quality. The three biggest ratings agencies contributed to the problem. AAA-rated instruments rocketed from a mere handful in 2000 to over 4,000 in 2006.

Part III: The Crisis
The market for CDOs collapsed and investment banks were left with hundreds of billions of dollars in loans, CDOs, and real estate they could not unload. The Great Recession began in November 2007, and in March 2008, Bear Stearns ran out of cash. In September, the federal government took over Fannie Mae and Freddie Mac, which had been on the brink of collapse. Two days later, Lehman Brothers collapsed. These entities all had AA or AAA ratings within days of being bailed out. Merrill Lynch, on the edge of collapse, was acquired by Bank of America. Henry Paulson and Timothy Geithner decided that Lehman must go into bankruptcy, which resulted in a collapse of the commercial paper market. On September 17, the insolvent AIG was taken over by the government. The next day, Paulson and Fed chairman Ben Bernanke asked Congress for $700 billion to bail out the banks. The global financial system became paralyzed. On October 3, 2008, President George W. Bush signed the Troubled Asset Relief Program, but global stock markets continued to fall. Layoffs and foreclosures continued with unemployment rising to 10% in the U.S.A. and the European Union. By December 2008, GM and Chrysler also faced bankruptcy. Foreclosures in the U.S. reached unprecedented levels.

Part IV: Accountability
Top executives of the insolvent companies walked away with their personal fortunes intact. The executives had hand-picked their boards of directors, which handed out billions in bonuses after the government bailout. The major banks grew in power and doubled anti-reform efforts. Academic economists had for decades advocated for deregulation and helped shape U.S. policy. They still opposed reform after the 2008 crisis. Some of the consulting firms involved were the Analysis Group, Charles River Associates, Compass Lexecon, and the Law and Economics Consulting Group (LECG). Many of these economists had conflicts of interest, collecting sums as consultants to companies and other groups involved in the financial crisis.[5]
Part V: Where We Are Now
Tens of thousands of U.S. factory workers were laid off. The incoming Obama administration’s financial reforms were weak, and there was no significant proposed regulation of the practices of ratings agencies, lobbyists, and executive compensation. Geithner became Treasury Secretary. Martin Feldstein, Laura Tyson and Lawrence Summers were all top economic advisers to Obama. Bernanke was reappointed Fed Chair. European nations imposed strict regulations on bank compensation, but the U.S. resisted them.

source: https://en.wikipedia.org/wiki/Inside_Job_(2010_film)

[media]<iframe title="vimeo-player" src="" width="640" height="272" frameborder="0" allowfullscreen></iframe>[/media]

further reading :
The global financial crises that unfolded in 2007-08 drove millions of people into bankruptcy and the economy into recession. Directed by Charles Ferguson and narrated by Matt Damon, this film dissects the causes and implications of the downturn and analyses the role played by several key financial and political figures.

The beauty of Inside Job is that it makes the potentially daunting topic of the meltdown completely accessible to the masses. You don’t need to be a banker or an economist, nor have heard of credit default swaps and collateralised debt obligations, to follow it. The film clearly explains the developments with the aid of graphical illustrations and Damon’s narration, in an easy to digest manner. It is enjoyable to watch for both a finance layperson and a well-versed professional.

Inside Job demonstrates how the American financial sector brought the country to the brink through reckless risk taking, complex financial structures, and sheer greed. Banks provided mortgages to people who were unable to afford them in order to earn greater fees. Through financial engineering, these ‘toxic’ mortgages were then sliced, diced and bundled up into fancy packages and sold off to outside investors, who later lost out when house prices declined and borrowers defaulted. The repercussions were severe and spread throughout the economy. People lost their homes and investors and pension funds suffered heavy losses. The information you learn in this film will inspire both anger and outrage.

Amongst the people interviewed for Inside Job are billionaire investor and philanthropist George Soros, NYU professor Nouriel Roubini who predicted the crisis back in 2006, US Representative Barney Frank, and Eliot Spitzer who sued the major investment banks while serving as the New York State Attorney General. We also meet Glenn Hubbard, Bush’s former economic advisor, who turns defensive and prickly in response to the interviewer’s pointed questions. Furthermore, the colourful insights of former Wall Street madam Kristin Davis are particularly intriguing. She claims that the Street’s corporate culture involves abundant sex and drugs for bankers and their top clients, with large sums of money spent on prostitutes and cocaine.

All in all, Inside Job is a well-argued and comprehensive critique of the factors leading to the financial crisis. The director has done a masterful job of explaining things in a simplified manner. It is an eye-opener and will leave you enthralled, fascinated and infuriated.
http://watchdocumentaries.com/inside-job/

Re: Market Movie Lounge

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“Princes of the Yen”
Central Bank Money Creation
The documentary “Princes of the Yen” has taken two years to make, and for much of this time I struggled to understand exactly how and what types of money a central bank was creating on its computer screens. Did they create the same money we hold in our accounts? The answer was, that while central banks did not create the same money that we hold in our accounts and spend with our debit cards, they did have a number of ways by which they could influence the creation of this type of money.
Reserve Creation:
The type of money central banks create is called central bank reserves. This money is held exclusively in accounts at the central bank. After the war, the Bank of Japan used newly created reserves to buy the worthless war bonds from Japanese banks. The banks received reserves and the central bank received the worthless papers. In one set of transactions the Japanese banks were transformed from insolvent to healthy. It is a common held belief that central bank money creation causes inflation. In the case of reserve creation, this is not true, because the money in circulation in the economy does not increase. Central bank reserves are held exclusively at the central bank and cannot be used directly for domestic spending. If the Bank of Japan on the other hand had decided that it would not buy these worthless papers, the banks would have been forced to take the losses from their capital, which would have reduced the amount of money in circulation and caused deflation.

Central banks the world over have the ability to buy their banking sectors bad assets with newly created reserves, and thus they can easily avoid a prolonged recession in the event of a crash. If a central bank was to later sell these purchased assets at a fraction of their original cost, the money the central bank receives would be pure profit. Richard Werner has jokingly suggested that the Bank of Japan could have purchased property in central Tokyo and converted it into public parks.
Credit Creation:
Credit refers to the type of money held in bank accounts, and is created exclusively by commercial banks (here referred to as banks). An increase or decrease in the amount of credit in circulation is a primary cause for either growth or recession. A central bank has the ability to directly influence the quantity of credit money in circulation, it does this in the following way: When a central bank buys an asset from a non-bank party the following happens; the central bank creates reserves in the banks account at the central bank, the private bank credit’s the third party’s bank account with the corresponding amount, and the central bank receives the bond. Banks act as an intermediary, and they receive a fee for this service. New credit money has been created, the amount of money in circulation in the economy has increased.

When banks act as intermediaries to central bank transactions in this manner, the central bank’s transaction is deemed monetized. When a central bank buys an asset directly from a bank using reserves, the transaction is not monetized. If the central bank decides to sell the bond or asset at a later date, the total amount of money in the economy is reduced.

In the 1990s, the Japanese government asked the Bank of Japan to create more money to stimulate the economy and end the recession, the Bank of Japan complied by increasing the reserves the banks held at the central bank, and said, “look, we’ve created more money, and it isn’t having an effect.” Richard Werner has therefore concluded that observers should “watch what central banks do, not listen to what they say.”

Window Guidance:
Another way by which central banks influence the amount of credit in circulation is window guidance. Window guidance is an informal mechanism by which a central bank asks a bank to issue loans to specific industrial sectors or companies. In Japan, window guidance was at the core of the war economy system. When the Japanese army needed more tanks, the Bank of Japan would tell the banks which industries in the supply chain needed to be given loans, so that the required number of tanks could be produced. After the war, this system was adapted to the production of consumer goods. Window guidance was the mechanism that enabled the Japanese economic miracle.

Richard Werner’s research has also shown that window guidance was at the heart of the Japanese bubble in the late 1980s. The use of window guidance during the bubble has been confirmed by a number of bankers and central bankers.

Window guidance as a monetary policy tool is not in dispute, almost all central banks have at one stage used informal guidance as a tool to direct credit to specific industrial sectors. However, its use can be difficult to prove, due to the informal nature of the mechanism, and in the case of Japan in the late 1980s, politically highly sensitive.

One question remains, why would banks comply with instructions that may be detrimental to their own long-term survival?
The answer to this is twofold. Firstly, economics textbooks give no function to money creation nor are bankers necessarily aware that they are creating money by issuing loans.

Bankers themselves are primarily preoccupied with short-term gains. Secondly, banks are reliant on the central bank. Central banks hold a monopoly position in relation to banks, and they can make life uncomfortable for individual uncooperative banks. A central bank could for instance impose unfavorable conditions on its transactions with certain banks.

Banks rely on central banks, they have an inherent incentive to comply with their instructions.

http://princesoftheyen.com/central-bank-money-creation/

[media]<iframe src="" width="640" height="275" frameborder="0" allow="autoplay; fullscreen" allowfullscreen></iframe>
<p><a href=" of the Yen: Central Banks and the Transformation of the Economy</a> from <a href="https://vimeo.com/queuepolitely">Queuepolitely</a> on <a href="https://vimeo.com">Vimeo</a>.</p>[/media]

further reading: https://www.moviesteve.com/review-princ ... -yen-2014/

Re: Market Movie Lounge

4
Wall Street Warriors
Season One
Wall Street Warriors follows the daily lives of eight successful individuals who deal in millions in the marketplace. As the series unfolds, some lives intersect in surprising ways, as financial big shots are whisked by limo from the frenzied American Stock Exchange trading floor to exclusive dinners, to posh midtown offices, to homes and families, down to fast paced Wall Street, or off to the polo grounds of the Hamptons.
Episode 1 Season 1 "Capitalism Rules"

The primer episode asks if the race to the top is a marathon or sprint? Guy, one of the sharpest minds on Wall Street, shows what steely resolve it takes to make it in the markets; while Parker defends his risky strategy of short-selling. Beautiful Sandra, the Deal Maker, gets her schmooze on at an elite New York Gala while Jill, initially retired at 27, works diligently to build her own hedge fund, and Alex, the Russian day trader, teaches his young son some important lessons about reaching the American Dream.





Episode 2 Season 1 "Closing the Deal"

As Sandra works on closing a $500 million deal, a looming deadline may throw a wrench in her plans. We meet Tim Sykes, a 25-year-old boy genius who’s running a Hedge Fund out of his New York apartment. Meanwhile, a city-wide bomb threat has shaken the markets and Fund Manager Guy tries to get in synch with the downturn - where he can make or lose millions in seconds. On the trading floor, Specialist Bob executes orders and shows how the curb exchange got it’s start in the 19th century.



Episode 3 Season 1 "From Robes to Riches"

Parker investigates a blue jean company that may be a good bet for a short sell. Tom's mother comes over to clean his apartment while he day trades.



ps: It would be updated for all episodes


Re: Market Movie Lounge

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Wall Street Warriors
Season One Episode 4 Season 1 "Work Hard, Play Harder"
Wall Street Warriors are Weekend Warriors in Episode 4:
On Wall Street, when you work hard, you get to play even harder. This week, it's all about spending quality time and of course, quantity money. Tim tees off on the golf course before a night out with a model. Meanwhile, out in the Hamptons, Guy fits in some family time, and Sandra hits the polo club.



Episode 5 Season 1 "Written in the Stars"
Episode 5 "Written in the Stars"
Is a profitable day in the stars? Sandra meets with a financial astrologer, but talk soon turns to her personal life. Alex explains his own strategies for breaking and re-grouping while Ted, an experienced floor trader, reflects on the Stock Exchange's significance.



Episode 6 Season 1 "Size Does Matter"
Episode 6 "Size Does Matter"
The climactic last episode of Season 1.
After coming up $300,000 short, Tim loses one of his top investors, not to mention his notorious temper. Sandra is more than a little impressed by the co-founder of the Quantum Fund. Sporting a hedge fund with a 4000% return is proof that portfolio size does matter.



ps: End of season one.

Re: Market Movie Lounge

7
Wall Street Warriors
Season 2 Episode 1-5

Episode 1 Season 2 "Up On Futures"
Larry, the floor trader, shows us how trading OJ futures in the outcry pits can be more intense than any game in Vegas. Laetitia, the rookie, graduates from NYU and goes to her first nerve-wracking job interview on Wall Street. Jim and Lance, stockbrokers to the rich, reveal how they are betting all of their clients money on one “sure-fire” stock. Brett, the 28-year-old fund manager, investigates a new private bank in Connecticut and grills the bank president over his business plans.


Episode 2 Season 2 "Holding Patterns"
Jess, one of the few women on the trading floor, explains how she holds her own in a trading pit full of men. Brett, the fund manager, is late for a meeting in Cairo and calls in a helicopter to whisk him off to JFK. Meanwhile, the stockbrokers explore the art of the phone pitch and the hard sell. Laetitia, fresh out of business school, waits for news if she has landed a trading job that will allow her to break free of her parents.



Episode 3 Season 2 "The Hate Index"
Tempers flair in the trading pits as factionalism breaks out and Larry explains the deep seeded hatred among the cliques. Meanwhile, Laetitia, the rookie trader, starts her first day of work and is overwhelmed by the speed of the market data she has to comprehend. The brokers, Jim and Lance, berate their junior brokers for getting them bad leads while Brett, the fund manager, test drives a $300,000 speed boat and throws an elite party for his wealthy friends in the Hamptons.



Episode 4 Season 2 "The Spread"
Laetitia has made it through her second week as a day trader, now she has to survive her first performance review. Brett, the fund manager, networks with clients while running the New York triathlon. Jim and Lance wait for the Fed to release the new interest rate and watch to see how it effects their “sure-fire” position in the market. Larry and Jess, in the open outcry pits, explain how pit trading really works. Later, all the brokers have a New York poker party.



Episode 5 Season 2 "Open Outcry"

One of the biggest days in the OJ pits as a crop report number comes out. Larry hasn't slept in days and stands to lose millions if his bets are off. The pressure mounts on Laetitia as she nears the end of her fifth week of training and she has to make an important decision. Brett flies out to a horse ranch in Connecticut to see if it's a good place to invest his fund's money.

Re: Market Movie Lounge

8
Wall Street Warriors
Season 2 Episode 6-10
Episode 6 Season 2 "Downside Up"
Market's are in turmoil in the trading pits as Jess gets in a heated argument over a trade. Laetitia leaves New York and reunites with her parents in Paris, where she has a good job prospect. Meanwhile, Brett helicopters out to a polo match in the Hamptons while Jim and Lance enjoy the good times as their stock hits new highs and their clients give them even more money.




Episode 7 Season 2 "The Squeez"
Markets are beginning to drop and the bullish stockbroker's are feeling the pain as their clients begin to panic. Brett hasn't slept in 24 hours as he prepares for a key investment meeting. Laetitia has a potentially life-changing job interview in Paris with a merchant banker. Larry plays commodities "poker" and enjoys the good-life with his family in the suburbs.



Episode 8 Season 2 "Distant Indicators"
The bears have taken over Wall Street as the sub-prime mess is now in full swing. Nothing seems to be going right for the two stockbrokers who are having a hard time both in the markets and on the football field. Meanwhile, in Paris, Laetitia has to decide between two job offers. In the commodities pit, Larry has to contend with a hurricane that might strike the crop. Brett travels to the Dominican Republic to try to get a wealthy developer to invest in his fund.



Episode 9 Season 2 "Bulls, Bears & Whales""
While yachting in the Dominican Republic, Brett works to get a wealthy investor into his fund. Jim & Lance, under intense pressure from falling markets, make a phone call that can net them a million dollars. Laetitia, now back in New York, starts her new job as a junior currency analyst at a major firm on Wall Street.



Episode 10 Season 2 "Survivors Algorithm"
In the season finally, bears are roaming freely on Wall Street, and the stockbrokers vow to fight on even though they’ve lost a fortune to date. Larry stands to win or lose millions as the long awaited yearly crop report comes out. Brett visits the NASDAQ for a meeting on going public while Laetitia finds her place as a junior currency analyst at a major firm. In the end, everyone talks about their dramatic year and their hopes and dreams for the future.

Re: Market Movie Lounge

9
Wall Street Warriors
Season 3 Episode 1-5 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.

Episode 1 Season 3 "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 Season 3 "The Fear Gauge"
We meet Philip's wife and kids as he prepares for his morning commute to Wall Street. The markets are in turmoil but he's got to help feed the kids while contemplating his stock positions.
In the Chicago outcry pits, Ben discusses how trading volatility (VIX) is a unique way to make money. Known as "the fear gauge," volatility gives Ben a unique perspective on the pulse of the market. And moments later, almost as an example, Ben gets in a screaming match with another trader.
Next, Rich has lunch at the famous Tavern on the Green with a beautiful Russian investment banker, Natalia. They both have ulterior motives for the meeting. Natalia tries to convince Rich to bring in his investors into a Russian oil deal while Rich tries to get her to share her wealthy contacts in Arabia.
Tony, the options trader, goes back to visit his colleagues at the CBOE (Chicago Board Options Exchange). He discusses how trading evolved from open outcry to electronic and shows us how he now trades at the world famous "trading wall" that looks more like a NASA control room.
Later, we find out Phil and Ken have been having problems keeping their office assistants. The last one couldn't take the stress and quit in tears. So, today, they have a new interviewee, Beth. She's an artist, and out of place on Wall Street, but Ken sees something in her and wants to hire her. Phil thinks it's a bad idea.


Episode 3 Season 3 "The Strangle"
"The Strangle"
In the chaos of the Chicago trading pits, Doug screams out orders to his clerks and shows how hand signals are used to communicate across the crowd. In New York, Beth starts her first day with Phil and Ken and is quickly overwhelmed by the amount of work they throw at her. Meanwhile, Kristi and her crew need to bring new critical software on-line today, but it's still not functioning properly and tempers start to flair. Later, Doug travels home to the suburbs to throw a birthday party for his kids.



Episode 4 Season 3 "Volatile, Volatility"
In a hunt for new clients, Phil and Ken travel to Miami and try to court a wealthy football player. Meanwhile, Tony takes a group of novice traders to Chicago’s open outcry pits and sets up a heated trading competition with his arch rival “Q”. Rich Tag is at his Hamptons estate trying to figure out how to profit from the oil bubble. He has drinks with two energy analyst who give him advice on how to play the oil markets. Later, Phil and Ken check out Miami’s real-estate and argue over opening a second branch of their firm in South Beach.



Episode 5 Season 3 "Options, Options"
The stock brokers, Phil and Ken, are still in Miami trying to salvage their trip by pitching to two wealthy Florida lawyers. They aren't an easy sell and Phil has to turn on the charm to win them over.
In New York, we meet a new start up hedge fund manager, Ron, who is anxiously pitching Rich his fund. Rich isn't impressed by Ron's flat numbers but will give him money if the numbers improve.
On the Chicago trading floors, Doug discusses how, as the son of steel workers, he ended up in the financial markets.
Picking up from the competition in Episode 4, Tony and his team now trade real money and hope to beat his rival "Q" as the highest earners of the day. Stress peaks as the market closes and all await the final numbers. Tony is overjoyed to find Q turns out to be dead last.
Later, Ken's wife flies to Miami to see the house her husband bought her. She's not exactly happy that he made such a big decision without asking her. Ken nervously shows her the new house. She loves it but starts arguing about how difficult moving her whole life down to Miami is going to be.

Re: Market Movie Lounge

10
Wall Street Warriors
Season 3 Episode 6-10
Episode 6 Season 3 "Between the Trades"
Phil is confronted by a penny stock-pusher who berates Phil for not buying his stock when it was cheep. Phil's not falling for his sales ploy and turns the tables on him by threatening to short his tiny stock into oblivion.
On the trading floor, Doug gives us a lesson in lip reading. A critical skill in the packed futures pit where the noise can be so deafening that you can miss a trade without it.
Next, Kristi gives us the story of how she moved from a small Wisconsin town to the big city of Chicago and how she fell in love with Wall Street.
Rich, in the Hamptons, sees his chance to get in the oil bubble slipping away and he makes a desperate call to get in on a Canadian oil deal.
Later, in the outcry pit, we explore the wacky world of trader jackets. The loud colors aren't about style - they're about standing out in a large crowd, which can translate directly into money.
In the end, we follow Phil home to have dinner with his family and we learn something about what makes this warrior of Wall Street tick.


Episode 7 Season 3 "The Meltdown"
Markets are crashing, credit is drying up, panic sweeps over Wall Street and the world as major investment banks fail. We witness history as Tony finds himself caught in a near-riot when the government bailout causes angry crowds to turn their wrath on the financial district. In a nearby building, Phil and Ken are watching from above and feel trapped as the protestors surround the New York Stock Exchange. Meanwhile, in midtown, Hedge Funds are folding everywhere and Rich estimates 60% are going to go out of business


Episode 8 Season 3 "The Fallout"
Are we going into another depression? This is the great question on the trading floor as the market reaches new lows.
In the panic stricken pits, Doug just tries to survive to trade another day without making any fatal mistakes. Later, he discusses the meaning of the election on the American economy with his trading buddies.
Phil and his staff find themselves being blamed by their clients for the losses they are incurring. Moral is at an all-time low and Phil has to brow-beat his staff to keep fighting.
At the same time, Kristi and her staff at the online brokerage house are also dealing with frightened investors who are desperate for advice on what to do in this bear market. There is only so much Kristi and the staff can do and the trade desk turns from trading to counseling their shell-shocked clientele.
Rich Tag gets in a shouting argument with the beautiful venture capitalist from Russia, Natalia. She thinks Rich should send investment dollars into Gazprom, Russia's oil giant, Rich thinks this is insane as Russia is acting belligerently toward the USA.
Later, Phil and Terek stay up late watching the election returns on TV.
Also in this episode, the history of Chicago and finance is explored and traders argue over the character differences between New York to Chicago.
Meanwhile, it's the 2008 election day and our characters wait to see who is going to win the presidency.


Episode 9 Season 3 "The Beatdown"
Tony is seriously concerned over the fate of his trading account as 10 years of gains disappear in the market. He's so worried that his wife talks him into seeing a clairvoyant to get some advice about the future.
Phil, meanwhile, is visiting a boxing gym where he tries to convince a few boxing champions to be his clients. It isn't long before he's thrown into the ring to test his metal.
Next, Rich Tag interviews the head of a hedge fund that has an ingenious plan to profit from companies with bad patents. He likes the idea so much he takes it immediately to one of his wealthy investors, Mr. Fox. Fox gives him $10 million on the spot.
In the open outcry pits, Doug talks about pit culture. We explore how, like high school, clicks develop; there are traders Doug likes and traders he can't stand. Also, we learn about all the wild pranks that go on on the floor and how the Chicago baseball rivalry between the Sox and the Cubs can divide the pit into opposing groups



Episode 10 Season 3 "The Final Bell"
Desperation racks the minds of the floor traders as the markets pass 10-year lows and whispers of a new "depression" sweep over the crowd.
Doug explains how this is a historic day and he has never seen anything like it before. The mania in the trading pits reaches such intensity that firms are throwing all their staff into the maelstrom.
Meanwhile, Rich Tag has lunch with an uber-wealthy investor where they try to figure out what's going on in the market and how they can profit from it.
Phil calls his brother, Ken, in Miami. They discuss what to do about this market and where to put their client's money. Next, we learn Phil's assistant, Beth, is quitting. It's a painful loss for Phil but there are no hard feelings as they part ways.
Kristi and the staff at Thinkorswim are dealing with this dramatic market drop and panicked investors. Things are so bad that no one on Kristi's staff has had any time off in a long time.
In the end, we do a season wrap-up with the whole cast as they discuss the victories and losses of this last dramatic year. They also try to see into their future and the future of Wall Street.




Ps: End of the series.


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