One of the few silver linings of this deadly pandemic will hopefully be the final death of the myth that the stock market is, in any way, a barometer of national prosperity. The S&P 500 has been booming, even with over half a million COVID-19 deaths, alongside record unemployment and...
Senator Bernie Sanders pointed out once again on the MSM that the Wall Street business model is a fraud. Many are starting to see it now. Senator Bernie Sanders remains consistent on Wall Street See full episodes here. Senator Bernie Sanders‘s consistency in articulating a harsh reality for an America...
The best explanation of short selling (as it applies to GameStop) that I've read pic.twitter.com/o9ZL5HqsKf — John M. Cunningham (@jmcunning) January 28, 2021 1/2Short selling means borrowing shares and immediately selling them. When the price goes down, they buy them back for cents and return them to the lender. This...
Large hedge funds representative of fictitious capital aka “dumb money” got screwed by swarming reddit collective action. Numerous “redditors” caused a small scale version of (short) market chaos. WE GOT JON STEWART TO JOIN TWITTER He's right tho… https://t.co/iHedgMhKqg — WSB Mod (@wsbmod) January 29, 2021 UPDATE: It's definitely not a...
Lots of manipulation today, but the House always wins even in the case of GameStop. Elizabeth Warren on the GameStop surge on @CNBC:”The billionaires and some hedge funds are yelling because they're not the ones, the only ones, who make money when the manipulation works.” x This is the same...
This really is not taking a position, but just recognition of what is going to happen tomorrow (maybe) and how this is going to impact market investments going forward. I am sure many of you have heard about the GameStop phenomenon, but it is not being that well explained in...
Not really a heist film, but a brief amusement worth another cinematic treatment of financial markets like Trading Places. If not, here’s a quick recap: a bunch of traders — many amateurs — got together on the online discussion forum Reddit and decided they were going to pump up GameStop’s...
