Financial sector aghast the poors are gaming system designed to be gamed by the rich
“The market must not be manipulated... by anyone whose parents did not get them into Yale or Harvard.”
www.thebeaverton.com
Financial sector aghast the poors are gaming system designed to be gamed by the rich
- Thread starter Zeedox
- Start date
www.thebeaverton.com
And although the above was satire you should know:
boingboing.net
Wallstreet whine like babies when the market doesn't work they way they fixed it to work...
Regulators concerned that the Reddit day trader army made money in GameStop trading instead of the hedge fund elite
Reuter's reports that "regulators may scrutinize GameStop's Reddit-driven retail stock surge." In other words, the wrong people made money. The U.S. Securities and Exchange Commission said in a statement on…
boingboing.net
Wallstreet whine like babies when the market doesn't work they way they fixed it to work...
The entire stock market is a joke. It is bogus in every way, shape and form imaginable.
Case in point: Tesla. It is presently trading over 1000% above it's GDP. That is impossible, but there it is. The most money Tesla has ever made is just this past year. They made 1.89% profit. That's it.
At that rate, the investors are losing money hand over fist every single second.
But it doesn't matter because Elon Musk and others at the top are all multi billionaires. Until it all comes crashing down, that is.
The only reason the day traders were allowed in to begin with is that nobody was investing anymore. Most people figured out after the dot com bubble that there really wasn't anything there.
And they were right. And there still isn't. That's why the Dow has nothing at all to do anymore with the economy. It's literally gambling for the wealthy.
If some yahoo off the street sits down at the table and takes them to the cleaners they have nobody to blame but themselves. They created the monster. Now they have to deal with it.
Case in point: Tesla. It is presently trading over 1000% above it's GDP. That is impossible, but there it is. The most money Tesla has ever made is just this past year. They made 1.89% profit. That's it.
At that rate, the investors are losing money hand over fist every single second.
But it doesn't matter because Elon Musk and others at the top are all multi billionaires. Until it all comes crashing down, that is.
The only reason the day traders were allowed in to begin with is that nobody was investing anymore. Most people figured out after the dot com bubble that there really wasn't anything there.
And they were right. And there still isn't. That's why the Dow has nothing at all to do anymore with the economy. It's literally gambling for the wealthy.
If some yahoo off the street sits down at the table and takes them to the cleaners they have nobody to blame but themselves. They created the monster. Now they have to deal with it.
They had this one Indian American on just now. He sank 8,000 dollars into it two days ago using an app called Robin Hood.
It's now worth just over 80,000 dollars. Well done!
They also showed a reporter asking about it at the White House press briefing yesterday. Billionaires don't like getting their ass handed to them on a silver platter, it seems.
It's now worth just over 80,000 dollars. Well done!
They also showed a reporter asking about it at the White House press briefing yesterday. Billionaires don't like getting their ass handed to them on a silver platter, it seems.
New York hedge fund billionaire Leon Cooperman is really angry and shouts: "It’s bullshit, it's a way of attacking wealthy people."
tuckbot.tv
tuckbot.tv
Now that Robinhood and those other apps shut down the ability to buy the stock it seems patently obvious that big business shut this whole thing down.
I'm really glad you brought this topic up. Typically, I don't care about the stock market. It has no bearing on my life and never has. But this is quite something.
It's the most blatant example of market manipulation on BOTH SIDES that I've ever seen. It is a case study is how worthless our market system is.
What's more, as of today, it's a clear example of how the rich can and always will make the system work in their favor at the expense of any outsider that learns the rules they play by.
I'm really glad you brought this topic up. Typically, I don't care about the stock market. It has no bearing on my life and never has. But this is quite something.
It's the most blatant example of market manipulation on BOTH SIDES that I've ever seen. It is a case study is how worthless our market system is.
What's more, as of today, it's a clear example of how the rich can and always will make the system work in their favor at the expense of any outsider that learns the rules they play by.
The only thing I'll say in regards to the redditors 'manipulating the market' is they are simply holding onto a stock they believe has more value then the 'manipulated market' shows.
Losses on short positions in U.S. firms top $70 billion - Ortex data
Short-sellers are sitting on estimated losses of $70.87 billion from their short positions in U.S. companies so far this year, data from financial data analytics firm Ortex showed on Thursday.
www.reuters.com