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Statement of SEC Regarding Recent Market Volatility

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Re: Statement of SEC Regarding Recent Market Volatility

#551

Post by bart_spoon »

jancsika wrote: post #121

A 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"…

You are both constructing a strawman and appealing to authority. Are you going for fallacy Bingo?

Re: Statement of SEC Regarding Recent Market Volatility

#552

Post by threedots »

ineedasername wrote: post #506

extreme stock price volatility has the potential to expose investors to rapid and severe losses and undermine market confidence It's not the SEC's role to protect investors from risk or losses, rapid or otherwise, and saying that the recent activity "undermines confidence" is just another way of saying "increases risk", which is not their job. They should ensure confidence by guarding against fraud, but not to protec…

Protecting investors is literally the first part of the SEC's three part purpose statement.

The SEC came into existence because retail investors lost huge amounts of money in the 20's in speculative bubbles. The same thing is going to happen here so the SEC is literally doing what it was set up to do.

Re: Statement of SEC Regarding Recent Market Volatility

#553

Post by astrange »

chosen1111 wrote: post #510
tompccs wrote: post #212

Earlier quoted context omitted.

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…

Does medical advice fall into this consensus trap? If so...relative to today?

It is a good example of it, eg anything American doctors would’ve told you about wearing face masks was wrong until it wasn’t (and the CDC director is still telling people not to wear N95s), they still give terrible diet advice like telling diabetics to eat more carbs, and so on. Doctors are quite bad at making reasonable decisions when they don’t have an RCT in front of them.

Re: Statement of SEC Regarding Recent Market Volatility

#554

Post by Izkata »

TeMPOraL wrote: post #33
ChrisRR wrote: post #29

Earlier quoted context omitted.

The big traders probably have friends in high places, so I suspect they're going after WSB and not wall street who caused the issues in the first place.

With the amount of media attention WSB has been gaining, this is setting itself up for "Wall Street versus The People" situation. It may be politically tough to go against the retailers now, particularly mid-pandemic and with all the other political comorbidities US is suffering from.

It's been that for a while. Lots of people on social media have been framing it as another Occupy Wall Street, except this time they've figured out how to make the elites hurt. There's plenty of people who don't care how much they lose when it bursts, because Wall Street is set up to lose more.

Re: Statement of SEC Regarding Recent Market Volatility

#555

Post by dzmien »

sanderjd wrote: post #368
NoOneNew wrote: post #300

Earlier quoted context omitted.

Everything on WSB states this is a bad investment plan and is more to bankrupt Melvin because they tried to bankrupt Gamestop. Short sellers have been using the down turned economy to collapse struggling companies that hire everyday people. What's funny is how the HN community tries to defend the firms they've whined about for years. Is what's going on irrational? Yup. But it pulls back the curtain of what the financ…

Here's what oh-so-many people are missing: the gigantic volume in these stocks is no longer coming from the WSB YOLO bros who know they'll lose money but think that's worth it to stick it to hedge funds. That may well be who was getting into the stock on Monday and Tuesday. But now it is people who saw the story on Good Morning America, having never previously heard of WSB or Robinhood, who don't care about hedge fun…

When you discover something like this on a nationally syndicated talk show, it is probably too late for you to get in on the action.

Re: Statement of SEC Regarding Recent Market Volatility

#556

Post by kgwgk »

DanBC wrote: post #535
kgwgk wrote: post #317

Earlier quoted context omitted.

Like this? https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2662657/

Yes, exactly like that. > We concluded that household use of face masks is associated with low adherence and is ineffective for controlling seasonal respiratory disease. "Do masks work, if you use the right type of mask and wear it properly?" isn't particularly controversial (the answer is probably "yes") but it's a stupid question because we don't care about optimal use, we care about real world use. And in the real…

The sentence following the one you quote says:

"However, during a severe pandemic when use of face masks might be greater, pandemic transmission in households could be reduced."

Later: "Although our study suggests that community use of face masks is unlikely to be an effective control policy for seasonal respiratory diseases, adherent mask users had a significant reduction in the risk for clinical infection. [...] Adherence with treatments and preventive measures is well known to vary depending on perception of risk and would be expected to increase during an influenza pandemic. [...] Therefore, although we found that distributing masks during seasonal winter influenza outbreaks is an ineffective control measure characterized by low adherence, results indicate the potential efficacy of masks in contexts where a larger adherence may be expected, such as during a severe influenza pandemic or other emerging infection."

Re: Statement of SEC Regarding Recent Market Volatility

#557

Post by cmrdporcupine »

mcguire wrote: post #528
hrktb wrote: post #266

Earlier quoted context omitted.

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 th…

My frustration is that, here in Canada at least, there is still an outdated way of talking about the virus as if it's a surface / hand sanitation issue, and much of the public policy (especially around school openings, etc.) still seems to be ignorant of the absolutely essential role that shared air has in transmission. Public authorities have failed to really drive home the reality of the virus, and instead we get sanitation theatre, a pantomime of virus control, and parents clambering to get schools reopened (while the numbers plummet since they've been closed after Christmas)

Example, a local wine shop in my small town where you are not allowed to touch the bottles, but I see the staff inside with their masks off when there's no customers in the store.

Frankly, I think people really just don't _want_ to believe it's aerosol transmitted. Because the consequences for public policy would be so drastic; no malls, no factories, no schools, etc. should really be open if you admit it.

Re: Statement of SEC Regarding Recent Market Volatility

#558

Post by kortilla »

tompccs wrote: post #212
jancsika wrote: post #121

A 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…

The comment above you is lamenting not even looking up what the stuff means before commenting. That has nothing to do with insider vs outsider.

Re: Statement of SEC Regarding Recent Market Volatility

#559

Post by esoterica »

jancsika wrote: post #121

A 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"…

Number 2 is obviously false, a HN commenter would never have enough self-awareness to feel dumb.

Re: Statement of SEC Regarding Recent Market Volatility

#560

Post by [deleted] »

wavefunction wrote: post #307
fjabre wrote: post #275

Earlier quoted context omitted.

This is not David vs Goliath. This is Goliath vs Goliath. A reddit mob armed with Macbook Pros and iPhone 11s does not equal 'the little guy.'

Interesting that you assign expensive Mac products to WSB members. The most that can be said is that they likely have a mobile phone of some time.

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