213374U 2,645 Posted January 28 Share Posted January 28 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 post Share on other sites
Zoraptor 3,616 Posted January 28 Share Posted January 28 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 post Share on other sites
ArtistFormerlyKnownasKP 6,392 Posted January 28 Share Posted January 28 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 "I am the expert, asshat." - Hurlshot "You need to be careful, lest I write another ten page essay on mythology and how it relates to Sailor Moon." - majestic "I won't say what just in case KaineParker is reading" - Bartimaeus "Oh no! Is there super secret ending as well? I don’t care." - Wormerine Link to post Share on other sites
Achilles 2,335 Posted January 28 Share Posted January 28 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 post Share on other sites
Elerond 2,517 Posted January 28 Share Posted January 28 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 post Share on other sites
Darkpriest 761 Posted January 28 Share Posted January 28 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 post Share on other sites
ComradeYellow 329 Posted January 28 Share Posted January 28 (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 by ComradeMaster "America would be unrecognizable if it had ordered the separation of corporation and state like it orders separation of church and state." Link to post Share on other sites
Raithe 21,316 Posted January 28 Share Posted January 28 Maybe not directly US politics per se, but for that fairly uncomplicated explanation.. 2 1 "Cuius testiculos habeas, habeas cardia et cerebellum." Link to post Share on other sites
Pidesco 1,348 Posted January 28 Share Posted January 28 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 post Share on other sites
Guard Dog 9,500 Posted January 28 Share Posted January 28 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 "The man of virtuous soul commands not, nor obeys. Power, like a desolating pestilence, pollutes whate'er it touches; and obedience, bane of all genius, virtue, freedom, truth, makes slaves of men, and of the human frame a mechanized automaton." P.B. Shelley Link to post Share on other sites
Malcador 7,550 Posted January 28 Share Posted January 28 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 post Share on other sites
Achilles 2,335 Posted January 28 Share Posted January 28 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 post Share on other sites
Darkpriest 761 Posted January 28 Share Posted January 28 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 post Share on other sites
Darkpriest 761 Posted January 28 Share Posted January 28 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 post Share on other sites
HoonDing 4,247 Posted January 28 Share Posted January 28 muh free market The ending of the words is ALMSIVI. Link to post Share on other sites
Bartimaeus 2,421 Posted January 29 Share Posted January 29 I just about died reading this 4 1 Put fascists and sociopaths on your ignore list. Quote Never believe that anti-Semites are completely unaware of the absurdity of their replies. They know that their remarks are frivolous, open to challenge. But they are amusing themselves, for it is their adversary who is obliged to use words responsibly, since he believes in words. They even like to play with discourse for, by giving ridiculous reasons, they discredit the seriousness of their interlocutors. They delight in acting in bad faith, since they seek not to persuade by sound argument but to intimidate and disconcert. If you press them too closely, they will abruptly fall silent, loftily indicating by some phrase that the time for argument is past. Link to post Share on other sites
Malcador 7,550 Posted January 29 Share Posted January 29 (edited) Well, he's not entirely wrong But don't hate the player, etc. Edited January 29 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 post Share on other sites
Raithe 21,316 Posted January 29 Share Posted January 29 1 "Cuius testiculos habeas, habeas cardia et cerebellum." Link to post Share on other sites
Zoraptor 3,616 Posted January 29 Share Posted January 29 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 post Share on other sites
Malcador 7,550 Posted January 29 Share Posted January 29 (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 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 post Share on other sites
ArtistFormerlyKnownasKP 6,392 Posted January 29 Share Posted January 29 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 "I am the expert, asshat." - Hurlshot "You need to be careful, lest I write another ten page essay on mythology and how it relates to Sailor Moon." - majestic "I won't say what just in case KaineParker is reading" - Bartimaeus "Oh no! Is there super secret ending as well? I don’t care." - Wormerine Link to post Share on other sites
rjshae 9,628 Posted January 29 Share Posted January 29 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 post Share on other sites
Darkpriest 761 Posted January 29 Share Posted January 29 https://www.zerohedge.com/markets/jpmorgan-has-some-bad-news-hedge-funds-hoping-nightmare-ends-soon Link to post Share on other sites
HoonDing 4,247 Posted January 29 Share Posted January 29 the minnows should let the sharks gorge themselves in peace The ending of the words is ALMSIVI. Link to post Share on other sites
ComradeYellow 329 Posted January 29 Share Posted January 29 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 "America would be unrecognizable if it had ordered the separation of corporation and state like it orders separation of church and state." Link to post Share on other sites
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