As an empath, I can’t really watch the news, it spirals me into severe depression and anxiety bouts. I can relate to what you’re talking about though, it’s spot on.
How many things happened while everyone was behind closed doors I wonder…
“If you mean COVID? Then no eventually it will pass. If you mean GameStop, it’s something the regular man has figured out. It’s a good thing!”
“They been probably doing MUCH shadier stuff during the lockdowns.”
“That and I see it as business accountability. The internet masses thanks to apps and communication can now get involved in the stock market. Thanks to the natural chaotic creature the internet is, it has also now seen to become a force to be reckoned with. This is more than the one percent, hedgefunds specifically the ones that are being hurt bad right now have been using their great power to bet on people’s loss! They want you and those companies to fail, they win when you and your favorite companies die and lose. They are the definition of evil companies. Now GameStop has had its ups and downs but it’s apart of most of our growing up now.
In a way to make money and hurt the one percent the internet put all their focus and money into GameStop. The greedy and villainous hedgefunds are feeling the pain and the regular man is doing well. But it wouldn’t have worked if the hedgefunds weren’t literally like villain corporations. The internet doesn’t just blindly follow any plan, it only worked because it was a nostalgic old store we all once visited verses the evil corporation who wants people to lose. If government doesn’t get involved and force new rules because the billionaires lost, I think the internet’s involvement will be a great thing. It will keep companies worried about their image, if some company acts like a villain then they might attract that unwanted attention… Those who have good images are likely to be saved like GameStop, AMC and more.
The only thing I will say for conspiracy theories is note each one you find. Eliminate the obviously impossible and screen away the unnecessary information. Most of the time you might have nothing left, but sometimes you see things before they happen. I personally knew of Covid in I think august of 2019? The conspiracy groups were chattering about it long before any media or governments.
“I wonder which little darling you think is the most capable and willing of causing pain to this country through those means. I have my thoughts, but if you choose to say little darling then perhaps it’s for the best it’s anonymous.”
“Ahh here I thought you were referring to a outside country.”
“As for the one of orange flesh, he is removed from his seat of command, his following will wain… He is vulnerable, he either will be punished for his transgressions or forgotten about…”
“Fine by me, you will find I choose no side and attack all sides pretty equally, unless… Unless it’s a undefendable side.”
The GameStop thing has a certain humorous element but the sad fact remains that gravity is a thing and these stocks cannot continue to rise indefinitely. This means someone is going to end up stuck a very expensive bag and it isn’t going to be the hedge fund managers.
“They definitely will be holding a expensive bag of their own. All I will say is if you ever decide to join in, don’t be swept up into the craze full heartily. Like my friend said.
Play the game like it is, ride a wave get some cash and get out. Don’t bet money you don’t have like the hedgefunds. Trust a Tauren who might work at a casino, if you keep gambling you will eventually lose, try not to lose everything.
Spot on as well. The problem with having sticky fingers is that they have a tendency to attach unwanted things…in this case, all the negative consequences of trading stocks. As was witnessed already, the rich don’t like losing…regardless of what that entails, and that was abundantly obvious in this recent event.
To add to your reasoning, no one like to lose but the rich have so much of an edge to avoid losing over the long run. They control the regulatory mechanisms, including politicians, the underlying banking system and vast sums of money, real and virtual (borrowed). The very wealthy did just fine during the Great Depression and other economic shocks such as the 2008 Great Recession and the Covid Recession. In fact, they can tap their vast reserves and actually become even wealthier.
Groups like the Reddit mob or Robin Hood.com may successfully democratize access to the stock markets but it can’t auto-magically convey understanding of the fundamentals of the markets. The results played out tragically in the 1929 stock market crash where the plebs borrowed to get into the game and when the floor dropped out, they were rudely hung out to dry as they could not pay back money borrowed with only 10% down. The genuinely wealthy were leveraged in ways that gave them flexibility to pick through the remains of the economy and prosper.
Conclusion: Even if one is a master at selecting a perfect cut of meat at the butcher, do not attempt to take a cut of meat from a tiger; it will not end well.
Exactly, and the real conundrum going forward is the momentum this kind of trading is gaining.
It’s directly effecting everything around it. Most professional traders know that if they push something too far there are negative consequences to it, for example:
If someone pushes stock in a certain commodity and that commodity spikes, when that selling frenzy occurs, the consumer is the one who loses out, not the companies or corporations. They never do. It’s the knock-on effects that none of these day traders are able to see. They see short term gains as a profitable circle when in actual fact, it’s exactly that…short term gains.
It kind of reminds me of the whole google and Australian government bit, that whole situation is not going to end well for anyone. Matter of fact I discussed it with someone at length the pro’s and con’s of both sides of the argument and the fact of the matter is: No one wins. This isn’t going to be any different sadly.
As for people getting trapped like you say, it’s already happened really just on a smaller scale. With companies like RH freezing trading, because they see it coming. As do many others who’ve been in that profession a long time.
The other point here is it seems there is a personal engagement going on here in that trading war because that’s exactly what it is, small guy vs big guy, if they’re seriously taking revenge on Wall Street they should remember this quote:
Before you embark on a journey of revenge, dig two graves.
On the one hand in the google situation, you have a multi-national that wants to lord it over a country which is unacceptable in any situation, and on the other hand you have the government which isn’t really acting in the interest of its people, only in the interest of the government…under the banner of “freedom of press”
Neither one is good for anyone. Once again, the knock-on effects are absolutely enormous, although I really couldn’t see US foreign agencies and corporations wanting to let go of the resource they have in google being in Australia. Which I am sure is also huge. I wouldn’t be surprised if there is further interjection behind the scenes going on about why it is such a stupid idea on both parts lol