Cramer’s Mad Dash: Upstart Holdings
All right, let’s get to a mad dash with the man to my right here. You want to talk a little upstart, not just about the company, but the broader implications. Not a big company, it’s an AI lender, Okay a firm is to and firm a good number. So I don’t want to inclusion on the fact that David Gerard said this. He’s the Chairman of the board and CEO about why the stock is down. And this just gives you the sense of where some people are thinking. He goes. Unfortunately, consumer risks and interest remain at or near all time high. Conspiring to constrain the volume of transactions on our plan. Now see, I didn’t know that to me interest rates are not remaining at all time high, but consumer risk. Now I don’t think that it’s as risky as he does, but he’s in the business, I’m not. And he’s saying that this is a moment of peril when it comes to lending. And so that’s the kind of world that we’re in where if we talk, if we had Brian Moynihan on the desk, I think he wouldn’t say that, but it doesn’t matter. This is what you have to look at, although a firm, I mean so far. Last week, I don’t know. Well, I’m just saying that the choice of words here about that consumer risk are at or near an all time high. It took my bath away because I didn’t think that’s the case.