Peter Piper Pizza ICO, Lebron as a Supersonic, The Artificial Economy, Mirror Image Guitars, Mark Bezos(?), Liberals vs Conservatives and more

Here’s an edited transcript from the latest Trading With Cody Livestream Q&A, organized by topic: Politics, Economy, Stocks, Cryptos, and Everything Else. You can watch a replay of the Livestream on Facebook here or on YouTube here or you can listen to the podcast version of it on iTunes here or on Soundcloud here.

Hello everybody. Welcome to another episode of “Cody Underground”. I think I’m changing the name of the show. We’re going to start calling it … We’re going to re-start calling it, “The Cody Show”. 13, 15 years ago, I had a band called “The Cody Show.” We weren’t very good though. Also, back then, I used to do live video for Kudlow on CNBC. I think we called it “The Cody Cam.” Go to YouTube, search “Cody Cam”.

Anyway, I’m going to call this “The Cody Show”. It’s no longer “Cody Underground” because Cody Underground has gone underground.

What’s in the news? What is in the news? Have you guys heard of this President Trump? Is there anyone in the planet that … Is President Trump the most famous person on the planet now? More famous than Obama? I think so. Piper?

Piper: Definitely.

Cody: However you feel about Trump, it’s no doubt, pretty much everyone who has a phone has heard of Trump. Anyone who’s got a computer has heard of Trump.

This is all market related at this stage. The market itself is so focused on Trump and what he’s tweeting, what he’s tariffing … Is tariffing … Can you make tariff a verb?

When Trump is trumping and Twittering tariffing, the whole market is looking at him. But let’s step back first.

During the bailouts, 2008, 2009, financial crisis, Republicans and Democrats were both really angry at everybody in leadership, Republicans and Democrats, were mad at all Republicans and Democrats. Republicans felt completely disenfranchised. They couldn’t believe that the government, that the Republican side, the so-called conservative side of our Republican Democrat regime would bail out, with trillions of dollars, the banks, and car companies. And they did it under Bush, and they did it under Obama. And people were so angry, Republicans and Democrats alike, that there was a voice, there was a movement. That’s even where the Tea Party came about, right? There was a movement outside of mainstream partisan politics that was arising.

And what I find completely mind-boggling today is that all of those formerly very angry and disenfranchised voters from both major parties are now back in the fold. Republicans, specifically in this case, love Trump. Trump has somehow been able to fool all of the Republicans, formerly disenfranchised Republicans, like Tea Partiers, that he is libertarian-esque.

And I want to tell you right now, if you’re a Libertarian, you can’t be for Trump. You can’t be for any Republican. Libertarianism means that you’ve got some principles about small government. And look, I mean even just the tariffs themselves are not small government. And what really drives me crazy with the tariffs specifically is, that then there are now 20,000 applications from companies who are trying to get exemptions to the new tariffs. So if you’re gonna create the law, then enforce the damn law across the board equally, or don’t enforce it all. That’s what a Libertarian would believe.

Nothing Trump does should be cool with Libertarians. Nothing the Koch brothers do is okay with libertarianism. So if you’re a Libertarian, you can’t be a Republican, you can’t be for Trump. But somehow Trump has captured the Libertarian vote. And let’s drill down a little more on this, because what’s truly amazing right now is, if you go to my Facebook wall, personal Facebook wall. Not the “Trading With Cody” page — go to Facebook.com/CLWillard, that’s my personal Facebook wall, you’ll see I’ve never wavered from being an anti-partisan voice. All the years I’ve been on Facebook, along with every single TV appearance I’ve ever made — many times I’ve been on TV, Fox, CNBC, ABC, CBS, NBC, I’ve done them all, I have never once wavered and been at all partisan.

I have never once been anything but ultra anti-partisan. Some people think I’m Libertarian. And I believe in a lot of Libertarian-esque views. Some people think I’m very liberal, so-called liberal. Whatever. Look, I’m a freethinker. Every issue is different, that’s one of the main points I’m always trying to make. But if you go to my Facebook wall, everything that I put up on there that is full anti-partisan. The very point of the post is anti-partisanship, yet everybody on my wall starts debating left versus right.

And what’s truly fascinating though, is that the left is sure they are victims, and the right is sure they are victims. The right says, “the media is against the right, man!” But left says “the right is so mean, always attacking liberals.”

Meanwhile, a true freethinker, someone who’s not in any of that left versus right paradigm, and is looking at all of that and seeing the destruction of rule of law in my country. I sit there and like … There’s no one representing my viewpoints.

I’m the one being attacked. If you’re a Democrat, you have a group, you have tens of millions, hundreds of millions of Americans who have voted with you in the last 20, 30, 40 years. And if you’re a Republican, you’ve got that same thing. You have cable channels that clearly lean left or lean right and you’ve got newspapers and magazines and millions of websites that do too.

It is the freethinker, the anti-partisan viewpoint that is under attack. You’re delusional, if, number one, you’re a Libertarian and you think you can be Trumpish, pro-Trump. You’re delusional if you’re liberal and you think you can vote for Democrats, and actually have liberal policies enacted. You’re delusional if you think you’re under attack or under represented as either a leftist or a rightist, or a conservative, or a Republican, or Democrat, or liberal, or whatever that group that you’re painting yourself in — that votes Republican and Democrat, that is part of the whole partisan world.

There’s no one on TV anymore that is espousing truth against partisanship. That’s the truth.

Facebook fan: Can I be liberal and vote for Trump?

Cody: Because I said you can’t be a Libertarian and vote for Trump, I see. Yes, you can be a liberal and vote for Trump, because I do not believe that Trump, or Republicans are conservative by any definition that I use for conservativism. And actually, as a classic liberal, you also can’t vote for Trump. But I think, by definition, if you vote for Trump, or any Republican Democrat, you’re liberal. You’re certainly not Libertarian. Certainly not actually conservative.

Facebook fan: Cody, you can ignore the politic questions if you want.

Cody: I think that someone’s not enjoying my Republican versus Democrat regime viewpoints. There’s a few of those people out there.

Facebook fan: Cody, can you be not a liberal, or a conservative, or a libertarian, but a person who respects rationality, caring and decency, and still vote for Trump?

Cody: That is a great question. Let me answer it with this. The very fact that you could ask that question and either be serious, or be funny, and think it’s funny — either one underscores just how crazy our mainstream political ideologies are today. It is so far removed from the Constitution. Do you remember being 15 or 16 or 21, or something, and having these realizations that none of the laws in our country are based on the Constitution? We’re so far removed from anything Constitutional, that nothing even makes any sense. Anything from Republicans and Trumps, they’re still not anywhere near constitutionalism and conservative viewpoints and what I think are true conservatives. And same thing of any Democrats. They’ve all been so hijacked by the system.

You can choose. You can be not a liberal, not a conservative, and not a libertarian. And you can be none of those things and still be a person who respects rationality, caring, and decency. And yes, you can vote for Trump. Because I do know people whom I truly think are caring, rational and decent who voted for Trump or Hillary. And I think that Trump and Hillary are about as anti-rational, caring and decency as any Republican Democrat regimer.

Cody: Okay, let’s change topics and hit on economy real quick.

I’ve had these … I’ve got something on my white board that I haven’t drawn up yet, but I’ve got all the notes and they’re jumbled, and they’re coalescing in my head right now. But here’s what they’re starting to get at.

Fiscal policy as in trillion dollar tax cuts for giant corporations that buy back their stocks, maybe invest a little bit, maybe hire a few people. Fiscal policy, in my lifetime is something that is … We are borrowing trillions of dollars from our children and our grandchildren right now and funneling that into our economy, that’s very bullish. That’s part of why we’ve had so much prosperity in the last five, ten years. It’s not just about the Trump tax cut, it was about Obamacare too, Obamacare was very enriching to any health care corporation. The tax bill, very enriching to any giant corporation. Middle class Americans taxes will be higher, percentage-wise this time in five years, than it is today. The giant corporations of the world will still have the benefits of that tax cut.

All of that stuff is taking money and borrowing it, and putting it into our economy that creates prosperity, near term prosperity. That money goes somewhere, and it changes hands, has velocity. What helps also is those 0% interest rates, or near 0% interest rates, 1%, 2%.

I guess it’s been 10 years that we’ve been at our 0% interest rates. If you’ve been listening to me, you know that it doesn’t matter if it’s 0%, 1%, 2%, quantitative easing, or whatever the monetary policies from the Federal Reserve and the developed economies around the world have been — they all have been all extremely easy money in basis. They’re unlike any paradigm we ever had in the last 100 years of central banking. We’ve never had extended years upon years, a decade now, of basically near 0% interest rate, or even negative interest rates. These things are not normal.

If the Federal Reserve raises rates to 2, 2 1/2%, if they do 5 or 6 or 7 quarter percent raises — well, we’d still be below natural market rates. So you’ve got the ability to borrow trillions of dollars from future generations. The government borrows it, corporations borrow it, even you borrow it. You’re probably paying a much higher percentage than all of those people in power, government and giant corporations, billionaires. But everybody’s able to borrow money right now at artificially low rates. That money flows into the economy. You’ve got extra spending from the government flooding into the economy.

Monetary, tax rates, technology. Let’s hit technology. One of the biggest things that people overlook is the fact that the App revolution created trillions of dollars of productivity and prosperity, that’s real. The economy has doubled in the last 10 years, or 15 years. Partly, in large part, mostly because of technology. We don’t use pens and papers anymore, we’re using laser pointers, iPads, Apple TV.

Alexa, what was the US GDP this year? (I think it’s going to be about $19.4 trillion.)

Alexa: The closest answer I know is from 2016, when US’s GDP was $18.6 trillion.

Cody: I just guessed $19.4 trillion for this year, but that’s probably a little high. Let’s say, yeah, $19 trillion of economic productivity. Trillions of dollars of which come directly from you being able to watch movies, or text, or talk from anywhere in the world, at any time. You consume content that creates economy. You engage with someone that creates economy. You do anything with society, it creates economy. And the App revolution enables all of us to engage each other and content much, much more today than we ever did before.

So, all these factors are creating economic boom times. But they also create bubble blowing bull markets. That 0% interest rates isn’t just an economic factor, it’s a market factor too. All these people who have savings are desperate for you. They’re desperate to get some sort of return on their money. They can’t get it in a savings account, or CD like you used to. You can’t buy Treasuries and get a decent yield like you used to. So people invest in stocks, which makes stocks go up, which enables this bubble blowing bull market to continue even further. It becomes a self-fulfilling virtuous cycle while it lasts. The flip side of a virtuous artificially induced cycle is … Piper …

Piper: Crash.

Cody: “Vicious cycle” is the correct answer Piper, but “crash” I will take. I will take crash, that is an acceptable answer, but technically the correct answer is that virtuous turns to vicious. It’s the great rule of the universe, of God, of the Earth, of economies and societies. It all balances out. You can’t create artificial virtuous cycles. There’s nothing artificial that can have positive effects over the long-term, man.

Piper: It sounds prettier when you say it as a vicious cycle, than a crash, it sounds a little prettier that way.

Cody: Yeah, I guess that’s right, that’s why I say it that way. Ah heck, I just broke my pen.

All right. I definitely have questions. Let’s see if I have any answers.

Facebook fan: Any thoughts on a market bottom?

Cody: Look, as far as markets, and trying to tie in the near term bottom — I think that’s almost always a fools game, especially right now, after an eight year bubble blowing bull market that’s long in the tooth. I think we probably shouldn’t be trying to find the market bottom right now, just be cautious, if you own some stocks, ride them, trim a little bit. If you don’t own any, be careful when you start buying.

Subscriber: Cody, can you comment on Intel, the recent downgrade, the CEO issues, and the recent price drop. Thank you.

Cody: Where is Intel at this particular moment? I didn’t realize they had dropped much. I guess it did, down about 10% from its highs recently. I own Intel. As “Trading With Cody” subscribers know, we bought in around $30-something a few months back. Now at $50, down a little bit from it’s recent highs. The CEO apparently had a relationship with an employee inside of the firm. Look, I don’t really care about whether that CEO is there or not. In the grand scheme of things, I don’t own Intel because that CEO was there or something. He’s no Jeff Bezos. Did I get that right? Jeff Bezos, is that his name?

Piper: Call him JB.

I don’t know why I thought “Jeff Bezos” sounded wrong in my head just now.  Anyway, he’s no Jeff Zuckerberg, or Mark Bezos. He’s no Steve Gates, or …

Piper: Bill Jobs.

Cody: Thanks, Piper, haha, I couldn’t even think of Bill’s first name. All right. Anyway. So, that’s not the issue. What is a little confusing is, as far as I understand, this was like 10 years ago that he did that, and the rule that said you cannot have any relationships with anybody inside of the firm, or whatever the rule is, was just implemented like five years ago. So, if you broke the rule that didn’t exist yet, you get fired five years after the rule gets made? Well whatever, good riddance to him I guess, I don’t care.

It’s interesting that I’m getting so many questions about Intel. Last week I had questions about Intel too, if you recall. I come back to this on Intel. I don’t own it because of their server business, or their current CEO, or the business as it is right now. I own it because Intel’s made some big bets on internet of things and driverless, and some very revolutionary things, technology trends, that they’re trying to get in front of, and maybe dominate. And if they can pull that off, the stock will double, maybe triple. Some of those things could be real, very big growth drivers. But in the meantime, yeah, look, I own it. Intel can bounce around, we’re looking at two or five years, stock could be at $100, $150. But in the meantime, yeah, CEO, downgrades, server challenges, yada, yada, yada.

Subscriber: Cody, are Calix and TST and good buys right now, like today for example? Okay, so I was confused about what right now meant, he clarified with today. Just teasing you Carl. I own a small amount of Calix and Bell previously on TST, I guess I should have more faith, do I reignite my faith in TST?

Cody: TST’s gone from 90 cents to about $2.10 since we bought it, and the fundamentals have improved, their cash balances have improved. Just last week they sold that asset for $30 million, rate watch. But I don’t know that I’d run out and buy TST right now. I’m not selling it, I still own it, but … And Calix is, I’ve talked every time, it’s a binary outcome, it’ll either go up like 10 fold, or it’ll drop 70%. It all depends on whether they win some contracts with Verizon and some of these other big carriers. So there you go.

Subscriber: Blackberry. What’s up with the stock getting crushed lately.

Cody: I don’t own Blackberry. I sold it a while ago and I haven’t been paying attention. But I guarantee you here’s what’s going on with Blackberry. They have been promising that they can get this business stabilized, get revenues growing again, and they haven’t. You can promise until you’re blue in the face, but if you don’t give us something tangible, some real fundamental growth at some point, you’re gonna fail.

Subscriber: Cody, can you differentiate between currencies (Bitcoin) and those that are more tokens (ripple, lumens, ethereum) which are designed for use on their specific networks, for their network’s specific objectives. The revolution is far broader than just digital currency. It’s about everyday transfer interactions between people. Think contracts, remittances, logistics, and much more. Stellar for ex. will not be a spending money, it’s created to simplify the transfer/exchange for p2p (no banks). Ripple was created to work WITH banks as a more efficient, less costly wire transferlike service that runs behind the scenes of that existing service. Ethereum is a network with desires to eliminate many existing conflicts in contracting. You will not be able to use the services of these specific networks without the corresponding tokenes they offer. Supply/demand theory says if demand for the service increases the token value will increase since supply is only slightly growing.

Cody: Bitcoin is the one that everybody thinks of, whether you’re talking about tokens or cryptocurrencies. It’s a currency, in its most fundamental form. It is a currency like dollars or euros, or Iraqi dinars.

On the other hand, tokens are just that — they’re tokens that you can trade. Where do you go to use tokens, Piper? Peter Piper Pizza? At Peter Piper Pizza, you get tokens to play the machines, right?

Piper: Right.

Cody: Those are tokens. Are they a form of currency? No. They only work at Peter Piper Pizza. But then again, they are a sort of form of currency when you’re inside Peter Piper Pizza playing games. Now, what’s even more interesting (I’m just thinking this through as I’m talking here right now), is that you take those tokens, you put them in the skee-ball machine, you roll a bunch of skee-balls, and guess what. You win tickets that then become a currency that you can go pay with and buy toys for your kids. Or your kid, I guess, can buy the toys themselves, or herself, with the tickets. So you convert your dollars into a token that then is used to play, which creates a currency? Yes, it creates a currency that you then take to purchase something.

If you don’t understand all of this, it’s okay. I’m not sure I understand all of this yet. But more to the point, if you don’t understand what I’m saying, then don’t go out and buy a bunch of cryptocurrencies. If you’re not understanding any of it, if you’re not thinking this through, if you’re not doing the homework, if you’re not trying to understand what that guy’s question was all about, don’t buy cryptos. Whoever asked me that question, this “Trading With Cody” subscriber, has clearly done their homework and is trying to understand what this whole cryptocurrency token world is. That’s what you’ve got to do. And he’s asking me to differentiate between them, and that’s what we’re just trying to do right now. Currencies versus tokens versus tickets.

Subscriber: Cody, I noticed you added the cryptocurrency XRP to go along BTC and XLM. Any targets for XRP and XLM, if they do materialize. I do notice coin float is big so they maybe won’t move as fast as BTC or ETH.

Cody: Here’s something I learned the other day on “Final Jeopardy”. Do you know the root of, the etymology of “speculate” which comes from “to see from a vantage point” which comes from Latin, specere, “to see”. So, if you’re speculating, if you think that you can see well enough into the future to speculate successfully, then play in some of these cryptos and tokens. And I think there could be huge upsides, some of these could go up ten fold or a hundred fold from here. Bitcoin already went up 200 times from where I bought it at it’s top. Where I bought it at $100, it went to $20,000. Which is a 200 times increase. That’s possible for any of these. But let’s be realistic also, that some of them are going to zero. A lot of them are going to zero, a lot of them won’t increase in value. A lot of them will still be used, 5, or 10, or 20 years, but really not very much. And it’s a long, long way from here to there.

Subscriber: Cody, for cryptocurrencies to scale, does that not mean that a fair majority of the population would have to start using one on a daily or weekly basis? Example, is the end goal that regular people can go to Starbucks, or any dining establishment and pay by Bitcoin, or some other crypto? Is that the end goal that makes all this work out?  Serious question.

CodY: I know you’re serious. This is our money we’re talking about. I’m always serious when it comes to our money. All right, maybe not always.

That was a joke, you see, I tried to make a joke in the middle of being serious.

So, the point I’m trying to get to for your folks is this, that, that is for the cryptocurrencies, and again, we need to differentiate tokens from cryptocurrencies. The SEC was talking recently about how you could have membership tokens at a golf club, you could trade those membership tokens. Is that a cryptocurrency? No. So, again, look, as the guy previously asked, and said, we do need to differentiate tokens from cryptocurrencies in banks.

Bitcoin, yes man, that is the hope. That either Bitcoin or some other actual cryptocurrency is accepted everywhere you go, and billions of people will never be subjected to the oppression that comes with using government issued fiat currencies. That is the goal, that is the hope. That’s why there is a $250 billion in valuation of cryptocurrencies and tokens out there right now. The reason there is a bubble is because people do understand that they don’t benefit from fiat currencies. Government controlled, centralized currencies are bad for you.

The more that you can avoid government control in the currency markets, the less they will be siphoning out of your prosperity. And the day that you and I can easily go to Starbucks, or Nike, or Amazon, or “Trading With Cody” (by the way, I’ve been accepting Bitcoin at “Trading With Cody” for six years now) — the day that it’s as easy to buy a latte as it is to buy a subscription to “Trading With Cody” with Bitcoin, is the day that you and I will be much better off. And that is the hope, and that’s the dream. Yeah, man. It’s not here right now. Bitcoin’s not fast enough, the clearing processes are not fast enough, there’s still too much time and drag, but it’s coming. The concept is real. Revolution is at work.

Subscriber: Cody, if you had $100 how would you divide it between your four favorite cryptocurrencies in terms of percentage? Thanks.

Cody: If $100 is all that you’re putting into cryptocurrencies, I probably wouldn’t put it into cryptocurrencies. I would probably worry about eating, buying a shirt. Something I always talk about, when people are like, “Well why won’t Amazon split the stock at 1500, more retail investors could buy Amazon, if it would just split.” If you don’t have $1500 to buy one share of Amazon, are you sure you ought to be investing in Amazon? Go buy a mutual fund. If you can’t buy $1500 of that one stock, I just think, realistically, you’re not going to get … $100 in those things, I mean, I guess it could go up 200 times like Bitcoin did, and you’d have 20 grand, which would be great, but to go back to your question, I don’t know how I would divide $100. I think you should have … I’ve got a lot more Bitcoin than I do any other cryptocurrency but that’s because I’ve owned it since it was at 100. And the other ones, I wouldn’t put very much money at all in.

So I take it all back. 100 bucks might be okay. If you’ve got $100,000, put a 100 bucks in a few of them. That’s probably not bad.

Cody: He’s on to something, right? People are always asking, Cody, done any good blockchain stocks? No. Except for Amazon. Amazon is gonna win crypto, or blockchain, I mean, because Bezos. Michael Bezos (haha).

Facebook fan: Cody, are you saying Peter Piper Pizza arcade tokens were the first ICO? That rat is losing out.

Cody: Yes, that was the first initial coin offering — Peter Piper Pizza arcade tokens. How well have they performed over their lifetime?

Facebook fan: The video is a mirror image, text on screen is backwards.

Cody: I did that on purpose. See it’s ydoChtiWgnidarT.com.

All right. I think the word on the street right now is that LeBron’s staying in Cleveland, saw that on ESPN.com this morning when I was holding Amaris in one hand,and  trying to put on a shoe.

Speaking of Amaris — she’s in love with me right now. Dad is number one. And the way we know this is, she kisses me every chance she gets. I mean, she grabs my ears, she grabs my cheek, pulls me in and … Then she laughs, then she grabs my face again. My wife was gone, daughter was gone, I with her for about eight hours on Sunday. Amaris and I alone. We went on four 4-wheeler rides (didn’t drop her once). And I think she kissed me for a good hour in total, it was awesome. Every kiss is worth a million dollars. So I’m pretty much a billionaire as of Sunday.

Back to LeBron. I don’t think anybody’s got a clue. I think LeBron has got some people talking to him, he’s got some offers coming through from some teams that you don’t even realize. And if he takes one of them … I’ll tell you this, he either stays in Cleveland, because he’s basically already the general manager there. The president, whatever he is, he’s running that team.

But here’s the thing. If you were the Wizards, you could call LeBron and be like, look, clean slate, man. You tell us who you want, we’ll cut the entire roster, we will pay so much salary cap tax, we don’t care. So, LeBron ends up in Washington DC. No, Phoenix. No, it’s gonna be the Seattle Supersonic. (Do you get my joke, Supersonics don’t exist anymore, now they’re the Oklahoma City Thunder.

But no, LeBron’s gonna be somewhere Midwest. He’s going to the Kansas City Chiefs. Dual sport. He’s gonna be a tight end.

No, it’s baseball. The White Sox.

Watch, he’s gonna be a middle linebacker. Forget tight ends, that’s been done. You’ve seen basketball players do wide receivers and basketball. You’ve seen outfielders and basketball, you’ve seen tight ends and basketball. But I want to see, I want a left guard. I want to see someone who’s a left guard in the fall, and then is a power center in the winter, and then play center field in the summer.

LeBron is going to the Kansas Chiefs, he’s going to the Seattle Supersonics, and to the Cleveland Indians.

Piper: And the US curling team.

Cody: Curling? I saw on ESPN, and not ESPN2, ESPN itself the other day — professional beanbag tossing. World championships. I watched. I watched, Amaris and I watched for about five minutes. We did.

Piper: They’re competing with the World Cup.

Yeah, I can’t watch World Cup, because corruption. I don’t do well with Olympics. I don’t do well with FIFA. I don’t do well with college athletics. I don’t do well with Republican Democrat regime. I don’t do well with my own mind. If there’s corruption, I don’t do well with it. I corrupted my own mind haha.

Facebook fan: Michael Jordan wouldn’t allow LeBron on the Wizards. Probably LA will be his landing spot.

Cody: See, that’s my whole point. What fun is it if I were to come and be like, is LeBron going to LA or staying in Cleveland? No. I got to flip it, man. I’m a freethinker. You have to do something unconventional. Another example like that —  nothing drives me crazier than when someone does those NCAA brackets, and they pick all the favorites, or pretty much all the favorites. So, let’s say you had a bunch of 1s, and 2s and 3 seeds in your final four, and you were right, woo! No, you’ve got to have a 12 and a 6, and maybe a 1 and a 4, those are the seeds you want to have. That way it makes it fun.

So LeBron, I’m telling you, I’m not gonna tell you he’s going to Lakers. You can watch ESPN or Fox Sports until the cows come home, and they’re gonna tell you he’s probably going to the Lakers. Me, I’m telling you he’s going to Seattle Supersonics. Or the Vilnius Vinushkins. (That’s Lithuanian.)

Facebook fan: Cody, LeBron just bought a house in Newport Beach. Rumor is he’s going to LA.

Cody: I know that’s the rumor. Everybody’s said for years. That’d be like saying, the rumor is Trump’s going to put tariffs. I know. But look, LeBron is Hollywood, man. It doesn’t mean he’s gonna play for LA. I guarantee LeBron will live a lot of the time in LA the rest of his life. But that doesn’t mean he’s gonna play for LA. I’m telling you, Cleveland Indians. I mean Seattle Supersonics.

Facebook fan: Cody, my man, you are very talented. And this is coming from a value investor. Thank you Vitale. Russian. Vitale, you’ve got a little bit of an accent. I assume you are a Russian immigrant. I know your family’s from Russia, and I love your father’s art. Vitale, you send me these things occasionally with your stock picks, or you’ve written something for “Institutional Investor” magazine, or something, and you send that, and you’ll have a picture of your dad’s art in there or something. Why don’t you be a guest on The Cody Show?

Going back to what he’s saying. Thank you for the compliment. And I will give it back to you. Vitale is a fantastic value investor. I’ve been out to a conference in Vail, Colorado with him. He’s a Coloradoan, Russian, Wall Streeter. How can you not love that? Love you Vitale. You gotta come on here and talk to me. Not just because you gave me a compliment.

Facebook fan: Cody, left handed guitars? No. No, they’re right. This is a guitar I made. Those are Les Pauls right there. This guitar here I built myself. I ordered a bunch of Japanese guitars and took them all apart. Japanese guitar parts from the ’60s. Took them all apart and put them back together. It’s got a battery in there that actually lights up, but it must be dead. I’ve got silver coins on it. Here’s one coin that’s carved like the devil, or skull or something.

Anyway, they’re right hand guitars. This one’s not tuned. Those are. I was just playing this guitar that I call The Anchor here. He’s a 1977 Les Paul. I bought it the day I signed a contract for Fox. I had my eye on this thing for a long time, but I wanted to reward myself, if I was ever gonna buy it. So I got the contract at Fox and I thought, I’m gonna go buy that. I went and bought that, the 1965 acoustic Epiphone that John Lennon, not personally played, but the kind of Epiphone that John Lennon played.

Vitale gave me a smile. He’s up. He’s in for the podcast.

I’m beat. That was 51 minutes with no commercial, no commercial breaks. On Fox we do 47 minutes of programming, no, 42 minutes, how can I not remember? We did 40 something minutes of programming and teen something minutes of commercials in an hour, and of course I have co-anchors, who, I promise you, were more than happy to fill in at any second that I hesitated to say something. So, this is a lot, 53 minutes of sheer Cody brain power.

Thanks guys. That’s TradingWithCody.com, also known as ydoChtiWgnidarT.com backwards.

Peace, love and happiness.