It’s terrifying because so many people have retirement funds tied up in stocks and this has the potential to decrease everyone’s trust in the idea of stocks.
Yes, it was this event and not say the 2008 crisis.
Reddit's GameStop, AMC surge is the new Occupy movement
11–20 of 281 posts
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#12"terrifying". That seems way over wrought.
Terrifying to my bank account currently
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#13Shorting a stock 140% is the market manipulation and should be criminal. Anything a large group does after some hedge fund pulls that stunt is fair game.
1. There isn't any one entity that is short 140% of the GME float.
2. If a stock shouldn't be allowed to be sold short past 100% then we should outlaw subletting apartments.
Why shouldn't someone be allowed to pay to borrow something, and then rent it out? How is that manipulative in and of itself?
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#14It’s terrifying because so many people have retirement funds tied up in stocks and this has the potential to decrease everyone’s trust in the idea of stocks.
There's a lot of retirement money tied up in stocks right now that should be in less risky investments. People should distrust stocks if they're going to need the money the near/mid term, but monetary policy in recent years has driven people to stocks in search of yields that have dried up in bonds etc. This has a feedback effect where now the government is hyper sensitive to stock market downturns, for fear that millions will lose their retirement savings.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#15Shorting a stock 140% is the market manipulation and should be criminal. Anything a large group does after some hedge fund pulls that stunt is fair game.
1. There isn't any one entity that is short 140% of the GME float. 2. If a stock shouldn't be allowed to be sold short past 100% then we should outlaw subletting apartments. Why shouldn't someone be allowed to pay to borrow something, and then rent it out? How is that manipulative in and of itself?
Could you elaborate on how shorting past 100% is comparable to subletting? How is shorting alike borrowing something?
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#16Good. I'm tired of fake Economics where the value of a company or the product is not made from the real value of it, while some yuppies get rich in the proccess. The more they cry, the better. Hope is collapses so "middle" and low class workers can get fair prices of what they earn by doing actual hard work. Because this will create a good crash, dont fool about it. It will harm everyone, but at least this Century wi…
[deleted]
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#17Good. I'm tired of fake Economics where the value of a company or the product is not made from the real value of it, while some yuppies get rich in the proccess. The more they cry, the better. Hope is collapses so "middle" and low class workers can get fair prices of what they earn by doing actual hard work. Because this will create a good crash, dont fool about it. It will harm everyone, but at least this Century wi…
I also don't care about a hedge fund losing out but Id hardly call the current value of Gamestop to be "real" Economics. And for the few /r/wsb guys and girls making a killing there are a lot more late comers who will lose big, and can't afford to.
No, it's not real economics. It's the little guys coming together to fight the big guys at their own game.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#18"terrifying". That seems way over wrought.
"terrifying new Occupy Wall Street" probably will get more clicks than "disturbing new method of market manipulation."
It's neither disturbing nor exactly new. The problem is more derivatives in general -- what Warren Buffet has long called "weapons of mass destruction" -- than the use of a forum.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#19Good. I'm tired of fake Economics where the value of a company or the product is not made from the real value of it, while some yuppies get rich in the proccess. The more they cry, the better. Hope is collapses so "middle" and low class workers can get fair prices of what they earn by doing actual hard work. Because this will create a good crash, dont fool about it. It will harm everyone, but at least this Century wi…
Be careful what you wish for. The upper classes tend to recover from these crashes much more rapidly than the lower classes do.
Re: Reddit's GameStop, AMC surge is the new Occupy movement
#20It's only terrifying to hedge funds and the rich. We've seen this before in very limited circumstances where citizens acting on their own, force the hand of the powerful/rich, who really don't like to be challenges.