Economics Thread

striker42 said:
It's getting increasingly clear that the hedge funds, being unable to maneuver out of their bad bets, are starting to take a cudgel to the access points of retail investors.
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I believe they have gotten out of the GameStop positions and taken their losses. Nothing that happens to GameStop's share price going forward will matter to them. Some of their other short positions, however, are a different matter.

https://www.bloomberg.com/news/arti...closes-out-its-gamestop-position-cnbc-reports
 
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btw there is one very high profile company that I think is a legitimate candidate for shorting...don't want to start another kerfuffle so i'll keep the name to myself
 
Lol I just don't care to be civil with authoritarians who insist I can't live my life the way I want.

You've shown yourself to not give a **** about liberty and so I dont give a fucl about you now.

I'm learning from my leftists friends to just people to go.**** themselves
 
I was able to buy GameStop and Nokkia through my Schwab account. If any of y'all want to wire me your money I'll be happy to buy some for you.
 
I have to wonder if Congress will actually investigate what all has gone on here of if they'll just let the uproar die down as the internet loses interest and their Wall Street donors pressure them to look the other way. If they actually investigate what happened, I honestly think you'll see people go to jail.

And I don't buy for a second that the hedge funds had all already exited Gamestop. Not with the short interest levels still out there.
 
striker42 said:
I have to wonder if Congress will actually investigate what all has gone on here of if they'll just let the uproar die down as the internet loses interest and their Wall Street donors pressure them to look the other way. If they actually investigate what happened, I honestly think you'll see people go to jail.

And I don't buy for a second that the hedge funds had all already exited Gamestop. Not with the short interest levels still out there.
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The investigations will be about how reddit manipulated price action.

It will result in heavier regulation and less freedom for citizens.

Its why the lecturer is on that side
 
I'm not confident this will go away as easily as the last round of tech shenanigans did. There are too many of the retail investors on both sides of the aisle so it won't be as easy to smear them with the media.

Class action lawsuit already filed in SDNY.
[tw]1354836830169006081[/tw]
 
Jaw said:
I'm not confident this will go away as easily as the last round of tech shenanigans did. There are too many of the retail investors on both sides of the aisle so it won't be as easy to smear them with the media.

Class action lawsuit already filed in SDNY.
[tw]1354836830169006081[/tw]
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Go build your own securities and exchange commission!
 
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There is a post in reddit for a guy claiming to work for RH that says the founder got a call this morning from Sequoia and the White House instructing them to shut down trading.

I dont know if he is real but I 100%believe the government mandated these billionaires get their protection.
 
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