213374U Posted January 28, 2021 Share Posted January 28, 2021 11 hours ago, Darkpriest said: Market, or FED printing machine that pushed money through banks and treasury, who gulped the money from the market to run high deficit, and push the money onto hands of masses of people, who without jobs try their luck as retail traders. Heh. And here I thought it was mostly a result of fractional reserve banking and overlending (both arguably the result of underregulation, rather) and the financial derivatives "economy" being ~10x the world's combined GDP. But no, it's actually the Federal Reserve giving money to the poor to spend on avocado toast, or something. Guess that's the "real" money you mentioned you were turning your ideas into? 1 - When he is best, he is a little worse than a man, and when he is worst, he is little better than a beast. Link to comment Share on other sites More sharing options...
Zoraptor Posted January 28, 2021 Share Posted January 28, 2021 32 minutes ago, Malcador said: Pump and Dump doesn't need you to supply bad news though, once you've pumped it, you sell and that's that. Certainly doesn't require it, but the best strategy for maximising returns is to (artificially) inflate the price, then short it at the start of the dump phase. A coordinated sequence of bad news is a good way to make sure that happens. Link to comment Share on other sites More sharing options...
PK htiw klaw eriF Posted January 28, 2021 Share Posted January 28, 2021 I never got the avocado toast meme, bread and avocados are relatively cheap and as a meal it wouldn't be much more expensive to make than eggs and meat. Is it because avocados are weird? I will say the hedge funds loosing a load of money because redditors is just funny, as are all the financial types and journos freaking out. 1 "Akiva Goldsman and Alex Kurtzman run the 21st century version of MK ULTRA." - majestic "I'm gonna hunt you down so that I can slap you square in the mouth." - Bartimaeus "Without individual thinking you can't notice the plot holes." - InsaneCommander "Just feed off the suffering of gamers." - Malcador "You are calling my taste crap." -Hurlshort "thankfully it seems like the creators like Hungary less this time around." - Sarex "Don't forget the wakame, dumbass" -Keyrock "Are you trolling or just being inadvertently nonsensical?' -Pidesco "we have already been forced to admit you are at least human" - uuuhhii "I refuse to buy from non-woke businesses" - HoonDing "feral camels are now considered a pest" - Gorth "Melkathi is known to be an overly critical grumpy person" - Melkathi "Oddly enough Sanderson was a lot more direct despite being a Mormon" - Zoraptor "I found it greatly disturbing to scroll through my cartoon's halfing selection of genitalias." - Wormerine "Am I phrasing in the most negative light for them? Yes, but it's not untrue." - ShadySands Link to comment Share on other sites More sharing options...
Achilles Posted January 28, 2021 Share Posted January 28, 2021 16 minutes ago, Zoraptor said: Certainly doesn't require it, but the best strategy for maximising returns is to (artificially) inflate the price, then short it at the start of the dump phase. A coordinated sequence of bad news is a good way to make sure that happens. Regardless, people are watching this and "FOMO" is influencing a gravitational pull on their thinking. Whether the "pump" is intentional or not, it's difficult to argue that it isn't happening. A fool and their money are soon parted. "Art and song are creations but so are weapons and lies" "Our worst enemies are inventions of the mind. Pleasure. Fear. When we see them for what they are, we become unstoppable." Link to comment Share on other sites More sharing options...
Elerond Posted January 28, 2021 Share Posted January 28, 2021 1 hour ago, KaineParker said: I never got the avocado toast meme, bread and avocados are relatively cheap and as a meal it wouldn't be much more expensive to make than eggs and meat. Is it because avocados are weird? I will say the hedge funds loosing a load of money because redditors is just funny, as are all the financial types and journos freaking out. “When I was trying to buy my first home, I wasn’t trying to buy smashed avocado for $19 and 4 coffees at $4 each.” Whole meme is based on some media quoting (bit wrongly) that interview that young people can't afford buy houses because they spend so much in avocado toasts and coffee. So whole meme is based on people listening hour long interview and picking most irrelevant detail and making it their point why young people aren't able to afford houses in today's market Link to comment Share on other sites More sharing options...
Darkpriest Posted January 28, 2021 Share Posted January 28, 2021 3 hours ago, 213374U said: Guess that's the "real" money you mentioned you were turning your ideas into? I guess I need to avoid writing simplified versions of what drives what. I guess you do you. In the meanwhile, look at what I've posted to @Guard Dog as a reply in one of the threads, and what I would do and what I wouldn't do, and then compare that to the date I said it and now think how do I feel based on the last couple trading days. Some things happened, some didn't (or did?) trigger (yet? maybe? who knows? ) Link to comment Share on other sites More sharing options...
ComradeYellow Posted January 28, 2021 Share Posted January 28, 2021 (edited) Biden Freezes US Arms Sales to Saudis; Reviews UAE Sales – Consortiumnews I have to say I'm pretty impressed with Biden so far, I thought he'd be like the worst of Obama and the worst of Trump but so far he's disproving that thesis. Perhaps the next two years will be pretty swell until things go wrong again and people become more radicalized and demand decisive single minded action. Enjoy this short lived tranquility. Edited January 28, 2021 by ComradeMaster Link to comment Share on other sites More sharing options...
Raithe Posted January 28, 2021 Share Posted January 28, 2021 Maybe not directly US politics per se, but for that fairly uncomplicated explanation.. 2 1 "Cuius testiculos habeas, habeas cardia et cerebellum." Link to comment Share on other sites More sharing options...
Pidesco Posted January 28, 2021 Share Posted January 28, 2021 Alternatively there's an entire Hollywood movie about the 09 crisis that explains what a short is and is called The Big Short. Go watch it. It's really good, educational, and quite funny. 2 1 "My hovercraft is full of eels!" - Hungarian touristI am Dan Quayle of the Romans.I want to tattoo a map of the Netherlands on my nether lands.Heja Sverige!!Everyone should cuffawkle more.The wrench is your friend. Link to comment Share on other sites More sharing options...
Guard Dog Posted January 28, 2021 Share Posted January 28, 2021 If you want to understand what short selling really is you watch Trading Places with Eddie Murphy and Dan Akaroyd. Plus it was a funny and good movie 3 2 "While it is true you learn with age, the down side is what you often learn is what a damn fool you were before" Thomas Sowell Link to comment Share on other sites More sharing options...
Malcador Posted January 28, 2021 Share Posted January 28, 2021 49 minutes ago, Guard Dog said: If you want to understand what short selling really is you watch Trading Places with Eddie Murphy and Dan Akaroyd. Plus it was a funny and good movie A financial regulation references it as well, sort of odd they fixed it in 2010 or so. Robin Hood cut them off, well from the current stocks they're yelling about - https://www.cnbc.com/2021/01/28/robinhood-interactive-brokers-restrict-trading-in-gamestop-s.html Guess they have to use a real broker now Why has elegance found so little following? Elegance has the disadvantage that hard work is needed to achieve it and a good education to appreciate it. - Edsger Wybe Dijkstra Link to comment Share on other sites More sharing options...
Achilles Posted January 28, 2021 Share Posted January 28, 2021 4 hours ago, Pidesco said: Alternatively there's an entire Hollywood movie about the 09 crisis that explains what a short is and is called The Big Short. Go watch it. It's really good, educational, and quite funny. It's a good book as well :) "Art and song are creations but so are weapons and lies" "Our worst enemies are inventions of the mind. Pleasure. Fear. When we see them for what they are, we become unstoppable." Link to comment Share on other sites More sharing options...
Darkpriest Posted January 28, 2021 Share Posted January 28, 2021 3 hours ago, Guard Dog said: If you want to understand what short selling really is you watch Trading Places with Eddie Murphy and Dan Akaroyd. Plus it was a funny and good movie 1 Link to comment Share on other sites More sharing options...
Darkpriest Posted January 28, 2021 Share Posted January 28, 2021 2 hours ago, Malcador said: A financial regulation references it as well, sort of odd they fixed it in 2010 or so. Robin Hood cut them off, well from the current stocks they're yelling about - https://www.cnbc.com/2021/01/28/robinhood-interactive-brokers-restrict-trading-in-gamestop-s.html Guess they have to use a real broker now Well, it is ought to end up with losses for a lot of small folk 'rallying' behind the just case. Meanwhile HFTs rake in money at some collateral cost of bailing a Fund for the chunk of ownership in the bailed out Fund. Link to comment Share on other sites More sharing options...
HoonDing Posted January 28, 2021 Share Posted January 28, 2021 muh free market The ending of the words is ALMSIVI. Link to comment Share on other sites More sharing options...
Bartimaeus Posted January 29, 2021 Share Posted January 29, 2021 I just about died reading this 4 1 Quote How I have existed fills me with horror. For I have failed in everything - spelling, arithmetic, riding, tennis, golf; dancing, singing, acting; wife, mistress, whore, friend. Even cooking. And I do not excuse myself with the usual escape of 'not trying'. I tried with all my heart. In my dreams, I am not crippled. In my dreams, I dance. Link to comment Share on other sites More sharing options...
Malcador Posted January 29, 2021 Share Posted January 29, 2021 (edited) Well, he's not entirely wrong But don't hate the player, etc. Edited January 29, 2021 by Malcador Why has elegance found so little following? Elegance has the disadvantage that hard work is needed to achieve it and a good education to appreciate it. - Edsger Wybe Dijkstra Link to comment Share on other sites More sharing options...
Raithe Posted January 29, 2021 Share Posted January 29, 2021 1 "Cuius testiculos habeas, habeas cardia et cerebellum." Link to comment Share on other sites More sharing options...
Zoraptor Posted January 29, 2021 Share Posted January 29, 2021 1 hour ago, Malcador said: Well, he's not entirely wrong But don't hate the player, etc. He's not wrong, it's just hilarious watching rich people get upset when the tables are turned on them. Especially when they've been getting massive welfare almost uninterrupted since 2008 in the form of quantitative easing, bailouts and interest free loans which has seen their net worth soar while everyone else's has at best stagnated. "Won't someone spare a thought for the unfortunate billionaires of the world?" is not exactly a rallying cry for the ages, and the thought most people would spare is not exactly a sympathetic one. 5 Link to comment Share on other sites More sharing options...
Malcador Posted January 29, 2021 Share Posted January 29, 2021 (edited) Wonder how much big firms have made off this. Also will be interesting to see what regulatory changes come out of this in the US, politicians seeing this as an opportunity and all. Edited January 29, 2021 by Malcador Why has elegance found so little following? Elegance has the disadvantage that hard work is needed to achieve it and a good education to appreciate it. - Edsger Wybe Dijkstra Link to comment Share on other sites More sharing options...
PK htiw klaw eriF Posted January 29, 2021 Share Posted January 29, 2021 3 hours ago, Bartimaeus said: I just about died reading this I think "**** around and find out" is a good response to a pampered dip**** like Cooperman. 3 "Akiva Goldsman and Alex Kurtzman run the 21st century version of MK ULTRA." - majestic "I'm gonna hunt you down so that I can slap you square in the mouth." - Bartimaeus "Without individual thinking you can't notice the plot holes." - InsaneCommander "Just feed off the suffering of gamers." - Malcador "You are calling my taste crap." -Hurlshort "thankfully it seems like the creators like Hungary less this time around." - Sarex "Don't forget the wakame, dumbass" -Keyrock "Are you trolling or just being inadvertently nonsensical?' -Pidesco "we have already been forced to admit you are at least human" - uuuhhii "I refuse to buy from non-woke businesses" - HoonDing "feral camels are now considered a pest" - Gorth "Melkathi is known to be an overly critical grumpy person" - Melkathi "Oddly enough Sanderson was a lot more direct despite being a Mormon" - Zoraptor "I found it greatly disturbing to scroll through my cartoon's halfing selection of genitalias." - Wormerine "Am I phrasing in the most negative light for them? Yes, but it's not untrue." - ShadySands Link to comment Share on other sites More sharing options...
rjshae Posted January 29, 2021 Share Posted January 29, 2021 I wonder what Senator Perdue has to say about stock dumping? Hmm... "It has just been discovered that research causes cancer in rats." Link to comment Share on other sites More sharing options...
Darkpriest Posted January 29, 2021 Share Posted January 29, 2021 https://www.zerohedge.com/markets/jpmorgan-has-some-bad-news-hedge-funds-hoping-nightmare-ends-soon Link to comment Share on other sites More sharing options...
HoonDing Posted January 29, 2021 Share Posted January 29, 2021 the minnows should let the sharks gorge themselves in peace The ending of the words is ALMSIVI. Link to comment Share on other sites More sharing options...
ComradeYellow Posted January 29, 2021 Share Posted January 29, 2021 Robert Reich nails it on his Twitter barrage. Robert Reich on Twitter: "So let me get this straight: When the government taxes corporations it’s tyranny, but when Wall Street stops Americans from trading stocks it’s just business?" / Twitter Robert Reich on Twitter: "If Redditors rallying GameStop is unacceptable market manipulation, what would you call it when greedy Wall Street bankers gambled away our entire economy in 2008 and faced no consequences?" / Twitter Robert Reich on Twitter: "When hedge fund billionaires move markets, they get huge bonuses. When ordinary Americans move market, they get shut down by Wall Street. The system is rigged." / Twitter 1 Link to comment Share on other sites More sharing options...
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