451–460 of 717 posts
Who would've thought that scamming people isn't a good business-model in the long term? RH pretends to be a "broker" and: 1. lets people trade "stocks" that aren't stocks the way people think they are. All (convenient) trades (for its HF clients) get internalized and never ever hit any lit market/exchange. The fact that this is possible is a general issue with the US stock market and lack of meaningful regulation and…
Who would've thought that scamming people isn't a good business-model in the long term? RH pretends to be a "broker" and: 1. lets people trade "stocks" that aren't stocks the way people think they are. All (convenient) trades (for its HF clients) get internalized and never ever hit any lit market/exchange. The fact that this is possible is a general issue with the US stock market and lack of meaningful regulation and…
Source on your first point? Sounds a conspiracy from r/superstonk
Earlier quoted context omitted.
If anyone had any notion that the markets were efficient or rational in any way regarding the actual underlying value of the companies they purport to represent, I certainly hope that notion didn’t survive the pandemic - I’m not sure what world stocks were pricing in over the last two years, but it didn’t pass even a cursory smell test.
The only way I can understand the Efficient Markets Hypothesis is as a way for academic economists to explain why they personally have not gotten rich trading stocks.
Who would've thought that scamming people isn't a good business-model in the long term? RH pretends to be a "broker" and: 1. lets people trade "stocks" that aren't stocks the way people think they are. All (convenient) trades (for its HF clients) get internalized and never ever hit any lit market/exchange. The fact that this is possible is a general issue with the US stock market and lack of meaningful regulation and…
Who would've thought that scamming people isn't a good business-model in the long term? RH pretends to be a "broker" and: 1. lets people trade "stocks" that aren't stocks the way people think they are. All (convenient) trades (for its HF clients) get internalized and never ever hit any lit market/exchange. The fact that this is possible is a general issue with the US stock market and lack of meaningful regulation and…
Source on your first point? Sounds a conspiracy from r/superstonk
Robinhood has lots of problems, this is not one of them.
[edit] Forgot about fractionals where this statement is true, but that's well known/accepted?
Earlier quoted context omitted.
neat, but not a meaningful response to someone asking for hard data.
Something tells me infosec's not going to give me the okay on that one. In lieu of that, I think "sending a wave of money through the system by handing a check to every taxpayer will not temporarily change some peoples' behavior" is the hypothesis that would need some data to back it up, in my view.
Sending a wave of money into a group of historically underemployed seems like it'd result in normal expenditures, modulo some slush.
Maybe it's the contemporaneous injection of many, many trabillions into 501c3s, individual funds, small businesses, and other groups who could show they had done a small amount of due diligence to get a gazillion bazillion dollars for no reason that might draw your interest here?
Edit: alternatively, feel free to abstain from conversations where your allegiances lie contrary to complete honesty. I suspect many HNers do this regularly, and you can, too.
"Last year, we staffed many of our operations functions under the assumption that the heightened retail engagement we had been seeing with the stock and crypto markets in the COVID era would persist into 2022..." We are now at the point when we will find out which of the changes to behavior (financial and otherwise) that came about with the onset of the covid-19 pandemic are going to be lasting, and which are not. I…
Earlier quoted context omitted.
If anyone had any notion that the markets were efficient or rational in any way regarding the actual underlying value of the companies they purport to represent, I certainly hope that notion didn’t survive the pandemic - I’m not sure what world stocks were pricing in over the last two years, but it didn’t pass even a cursory smell test.
the market is the most efficient place you can put your money, and the companies that underlie the market are the greatest stores of value with the best growth opportunities we know of, and the pandemic didn't change that. Dying to hear where else you suggest putting investments...?
Big question to ask if you are betting the market is bogus is whether the market will stay bogus while your “safe” asset stays flat.
Earlier quoted context omitted.
Just saying, the ones who might end up being surprised are those who think that the crazy days of 20/21 are definitely over. For all we know, it's just summer now. Not that I don't dread further lockdowns or even necessarily expect them, but I have them on my list of possible scenarios.
Oh we will be getting locked down again in the fall I am sure of that. Canada didn’t upgrade it’s definition of fully vaccinated for no reason. Come fall those “fully vaccinated” will be allowed to enter restaurants and work while those who oppose further shots will be told stay home