Mecca
Wade Wilson
Posts: 25,127
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Post by Mecca on Jan 28, 2021 20:27:20 GMT -5
So you're gonna defend fat cat billionaire hedge fund owners that use the stock market like a casino over some regular dudes who figured out how to make some money? All that happened here is rich people are pissed off some poor people figured out how to play the game so of course now they want rules put in place. Class warfare that's all this is. No, I'm opposed to another recession or worse happening. That's not a "class warfare" thing. What about the one that already exists? Our financial system is failing were hurling toward the later stages of it.
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Post by Cyno on Jan 28, 2021 20:28:05 GMT -5
No, I'm opposed to another recession or worse happening. That's not a "class warfare" thing. We are in a recession. We have been since last year, and it's basically the biggest one since the great depression. A worldwide pandemic that shuts literally everything down will do that. However, again if you look at the stock market it doesn't appear that way because the billionaires are making bank off of it. This is probably my last comment in this thread. And for what it's worth, the vulture capitalists who created this market of corruption and exploitation are far more likely to cause an economic recession or depression than some Redditors targeting a couple of stocks of failing companies to piss off said vulture capitalists. Recessions happen on a macro scale.
But Main Street is struggling while Wall Street makes record profits. We are in a recession already, just one that doesn't affect our corporate masters so they act like everything's fine.
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Post by Limity (BLM) on Jan 28, 2021 20:43:40 GMT -5
No, I'm opposed to another recession or worse happening. That's not a "class warfare" thing. This is probably my last comment in this thread. Bullshit. Can you speak to some of the changes in the stock market of old to what it is now?
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Jan 28, 2021 20:43:58 GMT -5
I'm all for the little guys winning any way they can when it comes to this stuff.
Get ya money plehbois.
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Gus Richlen Was Wrong
Patti Mayonnaise
Metal Maestro: Co-winner of the FAN Idol Throwdown!
Fun while it lasted
Posts: 38,621
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Post by Gus Richlen Was Wrong on Jan 28, 2021 22:55:04 GMT -5
What makes me especially angry about the "YEAY, REDDIT LITTLE GUY!" stuff is that I legit don't think this stops with annoying a few hedge fund managers. I'm worried that without repercussions, this is going to spread to targeting anything else Wall Street related simply under the chant of "f*** WALL STREET," and it'll end up with someone targeting institutions that run 401(k)s for everday people like myself, many of whom are relying on those for their future so they aren't working until they're in their 70s or later. Their money should NOT be getting f***ed with, and if it does, then what? Are people going to be saying "YAY LITTLE GUY! BOO WALL STREET!" when the little guy is who has just been ruined?
I don't see this stopping and it pisses me off that nobody cares.
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Malcolm
Grimlock
Wanted something done about the color of his ring.
May contain ADHD
Posts: 13,484
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Post by Malcolm on Jan 28, 2021 23:03:08 GMT -5
They should rename themselves "Prince John".
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Jan 28, 2021 23:28:58 GMT -5
This is why you should invest in real estate, not stocks.
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Post by Cyno on Jan 28, 2021 23:55:55 GMT -5
What makes me especially angry about the "YEAY, REDDIT LITTLE GUY!" stuff is that I legit don't think this stops with annoying a few hedge fund managers. I'm worried that without repercussions, this is going to spread to targeting anything else Wall Street related simply under the chant of "f*** WALL STREET," and it'll end up with someone targeting institutions that run 401(k)s for everday people like myself, many of whom are relying on those for their future so they aren't working until they're in their 70s or later. Their money should NOT be getting f***ed with, and if it does, then what? Are people going to be saying "YAY LITTLE GUY! BOO WALL STREET!" when the little guy is who has just been ruined? I don't see this stopping and it pisses me off that nobody cares. Hedge fund managers and vulture capitalists are already ruining those 401k's with short-selling. You're getting mad at the wrong people. They don't love you like that.
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Mecca
Wade Wilson
Posts: 25,127
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Post by Mecca on Jan 29, 2021 0:05:40 GMT -5
Those hedge funds just need to pull themselves up by their bootstraps.
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Post by Tenshigure on Jan 29, 2021 0:46:48 GMT -5
What makes me especially angry about the "YEAY, REDDIT LITTLE GUY!" stuff is that I legit don't think this stops with annoying a few hedge fund managers. I'm worried that without repercussions, this is going to spread to targeting anything else Wall Street related simply under the chant of "f*** WALL STREET," and it'll end up with someone targeting institutions that run 401(k)s for everday people like myself, many of whom are relying on those for their future so they aren't working until they're in their 70s or later. Their money should NOT be getting f***ed with, and if it does, then what? Are people going to be saying "YAY LITTLE GUY! BOO WALL STREET!" when the little guy is who has just been ruined? I don't see this stopping and it pisses me off that nobody cares. If you are short-selling your 401k, it was never very secure to begin with. In this instance, the hedge funds fell asleep at the wheel and are paying the price. Nobody forces you to participate in shorts, and the vast majority of 401k portfolios are in long-term deals. Even if this potentially threatened a crash, the Market itself would have stepped in to stop it. If they want to prevent this from happening, they will have to introduce regulations that will overall hurt the larger investment firms who also happened to score big in this whole debacle. Either they call their bluff and impact their bottom dollar, or ride out the wealth distribution and life goes on. I can almost guarantee you which of these will happen.
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Dub H
Crow T. Robot
Captain Pixel: the Game Master
I ❤ Aniki
Posts: 47,939
Member is Online
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Post by Dub H on Jan 29, 2021 0:58:41 GMT -5
Of all the things that are gonna kill the economy and cause a recession.
Someone managing to distrubute 0.001% of wealth to the people aint gonna be it.
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Post by RadcapRadsley on Jan 29, 2021 1:10:30 GMT -5
What makes me especially angry about the "YEAY, REDDIT LITTLE GUY!" stuff is that I legit don't think this stops with annoying a few hedge fund managers. I'm worried that without repercussions, this is going to spread to targeting anything else Wall Street related simply under the chant of "f*** WALL STREET," and it'll end up with someone targeting institutions that run 401(k)s for everday people like myself, many of whom are relying on those for their future so they aren't working until they're in their 70s or later. Their money should NOT be getting f***ed with, and if it does, then what? Are people going to be saying "YAY LITTLE GUY! BOO WALL STREET!" when the little guy is who has just been ruined? I don't see this stopping and it pisses me off that nobody cares. Hedge fund managers and vulture capitalists are already ruining those 401k's with short-selling. You're getting mad at the wrong people. They don't love you like that. Short selling in itself isn't the problem. It's when these hedge funds go all in on short selling one stock to the high degree these people were leveraging all their funds in GameStopShorting. Ethical traders who don't collude and spread their portfolio around to dozens of stocks so even if they were shorting GS won't be eating shit because their egg's were spread enough that GS shorts were like 1-2%ish of what they were holding. These firms taking a hit right now played themselves because they put themselves in a position to take a hit and get beat their own Parlour game.
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Mochi Lone Wolf
Fry's dog Seymour
Development through Destruction.
Posts: 24,047
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Post by Mochi Lone Wolf on Jan 29, 2021 1:26:17 GMT -5
They've only done what hedge fund managers have done year after year. To the point of tanking the whole economy in 2008. They fought tooth and nail against every possible regulation in the aftermath.
Now that lowly redditors are doing it, they want regulations out of every orfice. The "free market" is a gated community.
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Post by eJm on Jan 29, 2021 5:45:18 GMT -5
“First they came for the hedge fund owners and vulture capitalists and I said nothing because (lists examples of those people putting companies and actual countries and island nations into bankruptcy and ruining lives all to make some extra money) so F*** those guys”
Nobody is saying anyone is “good” and “bad” here but quite frankly, you have an easier time getting me to sympathize with dictators.
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Post by YAKMAN is ICHIBAN on Jan 29, 2021 16:08:35 GMT -5
If I’m seeing this on the news I assume I’m too late to get in on the money-making?
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adamclark52
El Dandy
I'm one with the Force; the Force is with me
Posts: 8,139
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Post by adamclark52 on Jan 29, 2021 17:12:11 GMT -5
I’m glad some people made some money but reading up on this is some boring ass shit
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"Magic" Mark Hurr
Bill S. Preston, Esq.
Here, have some chili dogs
Not related to Phantasmo
Posts: 15,871
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Post by "Magic" Mark Hurr on Jan 29, 2021 17:19:25 GMT -5
Anytime the suits get exposed is always good day. The thing is they did more than double down to try to get out of the trouble they created. Hopefully anyone who participated with the retail trade gets to go to the pay windah.
I myself missed out on jumping on AMC by a a few hours. But I did get some shares of that. Enough that I'm willing to lose, but enough that if this go well, i get to go to the pay windah too.
How this plays out has major implications in multiple area when it comes to the fall out, which will be just as interesting to see.
But someone has to see some jail time for this shit.
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Post by Ishmeal Loves Kaseyhausen on Jan 29, 2021 23:16:35 GMT -5
Well, playing with Dogecoin was fun but I had to get out. Made some sheckles so that was cool.
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J. Hova
Don Corleone
Emotionally exhausted and morally bankrupt
Posts: 2,014
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Post by J. Hova on Jan 30, 2021 3:03:16 GMT -5
This is why I put all of my extra money in chain letters and Amway. Speaking of which, anyone need any vitamins?
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Post by Hit Girl on Jan 30, 2021 3:44:54 GMT -5
All my money is still in Confederated Slaveholdings.
I haven't checked how it's doing for a while, but I presume it's still financially sound.
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