What an absolutely nothing and unspecific statement. It could be the description on Wikipedia explaining the responsibility of the SEC.
Statement of SEC Regarding Recent Market Volatility
521–530 of 906 posts
Re: Statement of SEC Regarding Recent Market Volatility
#522Earlier quoted context omitted.
Can you link to the papers that were available in March 2020 that showed that masks are effective? Use any definition of "mask" and "effective" you want, but preferably effective should include some concept of "prevents spread of respiratory disease". Covid is a serious illness. Far too many people have been told, and believe, that they can continue their normal day to day life so long as they put mask on. This is un…
> link to papers No, I can't. Can you link to papers that show flossing is effective? Probably not, but the mechanism is so obvious that essentially all dentists will tell you to floss. Further, mask-wearing was already a well-established practice in medical settings to prevent the spread of respiratory disease from practitioners to patients. > believe that they can continue their normal day to day life so long as th…
> Further, mask-wearing was already a well-established practice in medical settings to prevent the spread of respiratory disease from practitioners to patients
We don't see much benefit there, either. See the "clean surgery" papers.
Re: Statement of SEC Regarding Recent Market Volatility
#523There’s a long history of similar occurrences that follow along a common line: whatever appears to support individual investors will be the path taken by politicians and regulatory bodies. Right now it appears that the public wants to be able to trade on their terms because there is this narrative that the little guy is finally sticking it to the big bad hedge funds. In reality there is probably very little truth to…
In 1929 a series of events took place, and some of it took a while to happen (like Ford shutting down for a few months) that pretty much (not completely) eliminated retail accounts from both the stock market and actually from banking. Much of the public swore off checking and savings accounts, never mind owning stocks. It seems like the big money is changing its clothes to pose as children in order to get priority on…
I take much of what you say a reasonable wisdom, but the idea of retail investors buying weak stocks on margin and riding them to zero seems far fetched. They shouldn't be buying on margin anyway and if it goes to zero, they're going to get the margin call no matter what.
Re: Statement of SEC Regarding Recent Market Volatility
#524A Moment in the Life of an HN Genius: 1. Reads a technical document outside their domain. 2. Feels dumb because they don't have a grasp on any of the concepts. 3. Too busy to use the very internet which some of them probably helped build to magically render learning materials to the screen in front of them at zero marginal cost. 4. Sees the word "manipulation" 5. Substitutes the laymen's definition of "manipulation"…
I am so sick of this 'stay in your lane' attitude. Time and time again, experts have been shown to have consensus opinions which are wildly off from reality. You can almost set your watch to how often an outsider will analyse a situation from first principles and make money off the 'experts', especially in the stock market. You're welcome to your opinion but this appeal to authority is seriously wearing thin. Pretty…
Great response! I agree.
Re: Statement of SEC Regarding Recent Market Volatility
#525Earlier quoted context omitted.
When hindsight points out the opportunities that you overlooked which would have giving you that comfortable life it infects all future decision making.
Is there a spoiler tag on HN ? These ones still hurt: There is a lot of thing one could have done "for the LULz" but decided to browse HN, Imgur or Reddit instead. - Bitcoin. I heard about it when it was still possible to mint it on CPU, but chose to run SETI@Home instead. - Bitcoin when it was at merely $9000. - Ethereum when it was going under $1. - Dogecoin like anytime before yesterday (up 6x or something today).…
You can rest easy knowing that most of these things provide practically no utility to anyone (or even negative utility), and they are simply speculative bubbles.
Re: Statement of SEC Regarding Recent Market Volatility
#526A Moment in the Life of an HN Genius: 1. Reads a technical document outside their domain. 2. Feels dumb because they don't have a grasp on any of the concepts. 3. Too busy to use the very internet which some of them probably helped build to magically render learning materials to the screen in front of them at zero marginal cost. 4. Sees the word "manipulation" 5. Substitutes the laymen's definition of "manipulation"…
I don’t know where this perspective comes from. Reading the SEC note suggests that they are actively investigating or looking to actively investigate to see if there was market manipulation. No conclusions made as of yet.
When the market wildly diverges from steady state operations, this is an entirely reasonable thing for the SEC to do. An unstable market hurts the average person far more than a stable one.
Re: Statement of SEC Regarding Recent Market Volatility
#527Earlier quoted context omitted.
It's quite difficult to stop without blocking all shorts.
Why? My broker doesn't let me trade unsettled funds, even though I've made a sale and they're "in my account." How hard would it be to create a restriction that says you're not allowed to double-loan the obligation to return a share borrowed in a short sale?
Your broker lends your share out.
I borrow it.
I sell it to Tom.
I borrow the share from Tom's broker.
Tom's broker and I both have no idea it's "the" "same" share I borrowed.
Boom, 200% short interest on "that" share.
Re: Statement of SEC Regarding Recent Market Volatility
#528Earlier quoted context omitted.
Personally, I think smart people just do this. When I got sick with COVID I cannot begin to describe the number of people who became doctors during this unprecedented time , only to send me outdated comments, articles, and speculation. All of these people thought they were smarter than the instruction I received from a real doctor, nurse practitioner, and the CDC. These were smart people, though, and mostly (but not…
I agree in principle. Then in real life example you will have real doctors and nurses giving conflicting advices and having wildly different viewpoints on the details. The easy to point to example is how a lot of doctors viewed masks at the beginning of the pandemic. Or how trickle down economics is also endorsed by experts. Or experts opinions on mental health drugs. And so many other subjects where it won’t be hard…
"how a lot of doctors viewed masks at the beginning of the pandemic"
Ok, so I've looked into the history of this a little, and most of the mask mythology seems misunderstood.
Prior to 2020, most medical professionals believed most viruses, and corona viruses particularly, could not be transported as aerosols. This was a subject of research where the data had not come in.
About late March, it began to appear that the virus could be an aerosol. Hard results did not come in until April and May, and many in the field discovered they had egg on their faces.
Conflicting advice is to be expected with new information.
Re: Statement of SEC Regarding Recent Market Volatility
#529Earlier quoted context omitted.
When hindsight points out the opportunities that you overlooked which would have giving you that comfortable life it infects all future decision making.
Is there a spoiler tag on HN ? These ones still hurt: There is a lot of thing one could have done "for the LULz" but decided to browse HN, Imgur or Reddit instead. - Bitcoin. I heard about it when it was still possible to mint it on CPU, but chose to run SETI@Home instead. - Bitcoin when it was at merely $9000. - Ethereum when it was going under $1. - Dogecoin like anytime before yesterday (up 6x or something today).…
I feel $SPCE still has a lot of potential upside.
Re: Statement of SEC Regarding Recent Market Volatility
#530Earlier quoted context omitted.
I cannot stress this strongly enough -- the fact that buying was limited yesterday is not evidence that the little guy is actually winning. As has been explained in multiple other places, the limitations were as a result of Robinhood et. al. being unable to cover the risks involved in providing instant trading capabilities for a stock as volatile as the ones that got restricted. That has nothing to do with "the littl…
What you're saying may be true. But then I don't know why Robinhood wouldn't say that in their first statement addressing why they disabled buying [1]. [1]: https://blog.robinhood.com/news/2021/1/28/keeping-customers-...
They’re poor communicators, or thought saying nothing would be better than saying they’d run out of money to cover counterparty risk.