.....The War Of Wall Street (r/wallstreetbets Vs Robinhood)

[LongTermGuy]

Candace Owens:

"The #RobinHood scandal reminds me of when millions of Americans organized to flee


Facebook & Twitter for Parler—and then a bunch of crooks (Google & Apple) shut it down by
pretending that the competition was illegal.


Wall Street & Big Tech are criminal, colluding enterprises."


https://www.youtube.com/watch?v=cKltvZkd31A&feature=emb_logo

[LongTermGuy]

....When Wall Street caused millions of Americans to go bankrupt and lost their livelihoods no one batted an eye


When average Americans caused a billion dollar hedge fund to go bankrupt, they ban people from trading those stocks.


Welcome to Joe Biden’s America.

[jimnyc]

Been reading about this the past few days. I find it funny as hell that they took advantage of the system that the wall street types have been doing for years. :laugh:

Watch though, they do it and it's ok, now these guys do it and they are stopping them - and I wouldn't be surprised to see some form of charges down the road. :rolleyes:

[LongTermGuy]

https://pbs.twimg.com/media/Es1V2NEXMAMEIQ-?format=jpg&name=small

[fj1200]

Been reading about this the past few days. I find it funny as hell that they took advantage of the system that the wall street types have been doing for years. :laugh:

Watch though, they do it and it's ok, now these guys do it and they are stopping them - and I wouldn't be surprised to see some form of charges down the road. :rolleyes:

I'm wondering how the wall street types took advantage of the system and then how the reddit guys are not manipulating stock prices?

[jimnyc]

I'm wondering how the wall street types took advantage of the system and then how the reddit guys are not manipulating stock prices?

Oh, these folks ARE doing just that, they manipulated things for their $$ gain. I just also believe that the WS types aren't any different.

[LongTermGuy]

Oh, these folks ARE doing just that, they manipulated things for their $$ gain. I just also believe that the WS types aren't any different.

Exactly! ..two can play the same game...but WS hates little people competition ...and cry foul.

[fj1200]

Oh, these folks ARE doing just that, they manipulated things for their $$ gain. I just also believe that the WS types aren't any different.

At least we can agree on the former. Just how are the latter manipulating? If they do what the former is doing they get shut down.

[fj1200]

Exactly! ..two can play the same game...but WS hates little people competition ...and cry foul.

How so?

[LongTermGuy]

"GameStop Story Illustrates What I’ve Told You About the Elites"


"The elites are bent out of shape that a bunch of average, ordinary users have figured out how to make themselves billionaires using – (interruption) I’m gonna explain it.

I’m gonna take the time necessary to explain this. You’re damn right. I’ve been studying it all morning.

And the best thing I can tell you is that whatever you think is going on in politics — the Washington establishment, the deep state, what have you — it’s the same thing in finance. There are those who are allowed to make all of the money and those of you who aren’t."

Explanation:

​https://www.rushlimbaugh.com/daily/2021/01/28/gamestop-story-illustrates-what-ive-told-you-about-the-elites/

[jimnyc]

At least we can agree on the former. Just how are the latter manipulating? If they do what the former is doing they get shut down.

I didn't mean to imply that big hedge funds and such were doing the same, but rather manipulating the market in general. But if you look at short squeezes in history, this wasn't the first.

As for legality, rules and all of that, and when short selling goes from legal to illegal or anything like that - I am the wrong one to speak on that matter.

[LongTermGuy]

"Your Not Allowed to use the Stock Market the way they do...."

https://media.townhall.com/townhall/reu/ha/2009/286/198cd050-e9bb-41ea-b0d9-5437ed63edd1@news.ap.org.jpg
`Rush Limbaugh weighed in on GameStop's skyrocketing (https://townhall.com/tipsheet/leahbarkoukis/2021/01/28/why-wall-street-is-losing-its-mind-n2583843) stock price that currently has hedge funds bleeding billions of dollars. The radio host compared the populist revolt (https://townhall.com/tipsheet/mattvespa/2021/01/28/populism-is-engulfing-wall-streetand-theyre-not-happy-about-it-n2583840) on Wall Street, engineered by a group of Reddit users, to today's political battles between ordinary people and the elites.`

"Folks, it’s not just political now. The elites are bent out of shape that a bunch of average, ordinary users have figured out how to make themselves billionaires," Limbaugh told (https://www.rushlimbaugh.com/daily/2021/01/28/gamestop-story-illustrates-what-ive-told-you-about-the-elites/) listeners on Thursday.

"I’ve been studying it all morning and the best thing I can tell you is that whatever you think is going on in politics — the Washington establishment, the deep state, what have you — it’s the same thing in finance.

...There are those who are allowed to make all of the money and those of you who aren’t."

**Limbaugh compared the traders beating hedge fund managers at their own game to Donald Trump's battles with the deep state. The host said the elites control who makes money and who doesn't and the deep state will come after anyone who learns how to beat the system"

The host then drew parallels between big tech companies colluding to stop dissenting political speech and trading apps stepping in to stop traders from buying shares of GameStop."

Despite how the mainstream media characterizes it, Limbaugh said ordinary traders have done nothing wrong.


"They played the same game that hedge fund managers play every day to make a lot of rich people even richer. Yet the markets are now shutting down trades," Limbaugh pointed out, calling it a "teachable" moment for people who never realized how deep the deep state goes. "


​https://townhall.com/tipsheet/bronsonstocking/2021/01/28/rush-limbaugh-weighs-in-on-gamestop-n2583890

[LongTermGuy]

​The how:

“Many normal people” have made a huge bet against them, and they’re winning, and because this has been a massive transfer of wealth,

it is understandably the only thing anybody’s talking about ’cause it’s unauthorized.

**“A group of Reddit users who grew up playing video games from GameStop,” that’s how old they are, “decided to beat Wall Street at its own game.”


*****They got together, banded together, and began buying GameStop stocks. That drove the price up. Other regular traders saw the price increase; they began buying, and some real momentum was created. But now the hedge fund guys who sold short are losing their shirts. The hedge fund guys, the elites had planned to sell GameStop short. That means they are counting on GameStop losing money. They only win if GameStop loses.


`Well, the GameStop stock price was $4 last summer, $20 at the end of 2020, $40 two weeks ago. It was worth $100 on Monday and Tuesday, and today it’s $300.

The hedge funds are taking it in the shorts. I mean, big time they are. They’re being wiped out to a certain extent, and they don’t like it. These normal people have figured out a way to do it, and they don’t like it.`

[fj1200]

"GameStop Story Illustrates What I’ve Told You About the Elites"


"The elites are bent out of shape that a bunch of average, ordinary users have figured out how to make themselves billionaires using – (interruption) I’m gonna explain it.

I’m gonna take the time necessary to explain this. You’re damn right. I’ve been studying it all morning.

And the best thing I can tell you is that whatever you think is going on in politics — the Washington establishment, the deep state, what have you — it’s the same thing in finance. There are those who are allowed to make all of the money and those of you who aren’t."

Explanation:

​https://www.rushlimbaugh.com/daily/2021/01/28/gamestop-story-illustrates-what-ive-told-you-about-the-elites/

I truly think Rush has lost it; He has no core left. Ordinary citizens aren't becoming billionaires out of a modern day pump and dump scheme. The value of these companies hasn't gone up so what would essentially happen is that the price would eventually fall back to normal levels which has the grand effect of moving money from the early traders away from those at the back end.

[fj1200]

I didn't mean to imply that big hedge funds and such were doing the same, but rather manipulating the market in general. But if you look at short squeezes in history, this wasn't the first.

As for legality, rules and all of that, and when short selling goes from legal to illegal or anything like that - I am the wrong one to speak on that matter.

I'm still not sure how you think they're manipulating the market in general. And I'm sure there have been plenty of short squeezes in history but this is one that is artificially created. I don't think short selling is at issue here at all; it just happens that this scenario is creating calls on those short sellers. Unless someone is targeting stocks with big short positions; I haven't heard about that yet.

There used to be an uptick rule on short sales but that went away ages ago.

[SassyLady]

They stuck it to a couple of hedge funds, one of which shorted Tesla last year.

[LongTermGuy]

I'm still not sure how you think they're manipulating the market in general. And I'm sure there have been plenty of short squeezes in history but this is one that is artificially created. I don't think short selling is at issue here at all; it just happens that this scenario is creating calls on those short sellers. Unless someone is targeting stocks with big short positions; I haven't heard about that yet.

There used to be an uptick rule on short sales but that went away ages ago.



Its not ....how "I Think" ...its what happened...Its about the droves of investors communicating and moving the market one way...(just like the Big Boys do it) ....Rush is just fine..40 million Americas would agree...

...Any more questions do your own research or read the articles I posted.

Thanks for your participation.

[fj1200]

Its not ....how "I Think" ...its what happened...Its about the droves of investors communicating and moving the market one way...(just like the Big Boys do it) ....Rush is just fine..40 million Americas would agree...

...Any more questions do your own research or read the articles I posted.

Thanks for your participation.

He is pretty much unlistenable anymore. I try and catch a few minutes here and there but it's the same show every day where he has turned away from talking about small-government conservatism to populist rabble. Even the guest hosts offer no variability in message. 40 million people can be wrong; 80 million voted for Biden and they're wrong.

Still no one has explained how what the "droves" did is the same as the "big boys." The big boys will get slapped down hard for doing anything close to what the "droves" did.

But I do my own research and it's at least as good as Rush "studying it all morning." :rolleyes: If you could put some of your thought into it rather than just posting article after article then maybe we could have a discussion.

[fj1200]

Power to the players: Wall Street levels up in Reddit rally

NEW YORK (Reuters) - Wall Street was contemplating big wins from the Reddit-fueled retail frenzy in stocks such as GameStop on Thursday, even though many hedge funds in its ranks were nursing losses.Shares in GameStop, whose motto is "power to the players", and other heavily shorted stocks such as AMC Entertainment, BlackBerry, Koss Corp and Express Inc soared this week, as traders on Reddit and other social media platforms snapped them up.
These trades forced hedge funds 'shorting' the stocks to cover their positions, costing them billions of dollars and further fuelling a rally which caught many by surprise.
But the tide started to turn on Thursday as some top Wall Street firms disclosed how they had benefited from the feeding frenzy, while others came up with new trades to make a profit.

...
https://www.yahoo.com/finance/news/power-players-wall-street-levels-185027721.html


The more things change the more they stay the same.

[LongTermGuy]

Bomb tuna sandwich with jalapeno and olive on toasted roll. Antifa fascists don't deserve none of this.....

https://pbs.twimg.com/media/Es3xKlaU0AIBau6?format=jpg&name=900x900

[LongTermGuy]

https://pbs.twimg.com/media/Es340YIXAAAD_PU?format=jpg&name=large

[fj1200]

^ That is utter nonsense.

[LongTermGuy]

^^^ That is getting old.. Nothing to offer except non-stop..never-ending Garbage....Go post your own thread...question and talk to yourself....

[tailfins]

He is pretty much unlistenable anymore. I try and catch a few minutes here and there but it's the same show every day where he has turned away from talking about small-government conservatism to populist rabble. Even the guest hosts offer no variability in message. 40 million people can be wrong; 80 million voted for Biden and they're wrong.

Still no one has explained how what the "droves" did is the same as the "big boys." The big boys will get slapped down hard for doing anything close to what the "droves" did.

But I do my own research and it's at least as good as Rush "studying it all morning." :rolleyes: If you could put some of your thought into it rather than just posting article after article then maybe we could have a discussion.

I just check his website to see if he's OK or needs a substitute on a given day and listen a little bit. Rush Limbaugh is an important historical figure. Sometimes what ISN'T said is as important as what IS said. Where are the "homosexual updates", "feminist updates", "environmentalist updates" and Paul Shanklin parodies? Rush has hinted that there are certain things he's not allowed to say anymore. If you watch for what Rush is NOT saying, it's still interesting.


https://www.youtube.com/watch?v=tEMAgO-3cGs


https://www.youtube.com/watch?v=tZzKUt4OtE8

[fj1200]

^^^ That is getting old.. Nothing to offer except non-stop..never-ending Garbage....Go post your own thread...question and talk to yourself....

Between the two of us I'm the only one not just copying/pasting the work of others. :)

[fj1200]

I just check his website to see if he's OK or needs a substitute on a given day and listen a little bit. Rush Limbaugh is an important historical figure. Sometimes what ISN'T said is as important as what IS said. Where are the "homosexual updates", "feminist updates", "environmentalist updates" and Paul Shanklin parodies? Rush has hinted that there are certain things he's not allowed to say anymore. If you watch for what Rush is NOT saying, it's still interesting.

I won't disagree but I think he's torched his legacy; At least in my book. But his show used to be fun and informative. Now, to piggyback on an idea you used in another thread, his show is mostly bloatware.

[tailfins]

Between the two of us I'm the only one not just copying/pasting the work of others. :)

Don't take the bait. Sometimes no response speaks volumes. Ask yourself if the effort to type a given reply is worth the effort.

[Gunny]

I love how this country is designed to keep the elite elite and the poor poor. Land of opportunity my ass. Break the code and the establishment starts crying.

Biden EO outlawing breaking elitist code to follow :rolleyes:

But DO keep squabbling amongst yourselves while they steal all the groceries. That's by design as well.

[jimnyc]

I'm still not sure how you think they're manipulating the market in general. And I'm sure there have been plenty of short squeezes in history but this is one that is artificially created. I don't think short selling is at issue here at all; it just happens that this scenario is creating calls on those short sellers. Unless someone is targeting stocks with big short positions; I haven't heard about that yet.

There used to be an uptick rule on short sales but that went away ages ago.

Hell, I don't have the money nor the expertise, but folks know how to manipulate the market, even in many legal ways.

Here's an article from 2012 that speaks of my line of thinking:

How The Big Players Manipulate The Stock Market

https://seekingalpha.com/instablog/2918951-g-hudson/1026551-how-the-big-players-manipulate-the-stock-market

Warren Buffet responded to this issue with Gamestop, and kinda hit at what I mean.

WARREN: There are rich people on both sides of this, people who are trying it appears to manipulate this market and that’s what we don’t know the details of. For a long time now, the SEC has pulled back and not made sure that we have an honest market. The whole point of having a stock market is so that people across this country around the world can invest in businesses help create that capital accumulation so businesses have the money they need to grow and to prosper. Instead, what has happened is it’s turned into a casino so that market manipulators come in and they drive markets up or down and make a profit on it. It’s, it’s called the gamification of the market. And all of a sudden, the billionaires and some hedge funds are yelling because they’re not the ones, the only ones who make money when the manipulation works. But remember the other half of this, there are going to be a lot of people who are going to lose money around this, a lot of money that they can’t afford to lose. This is why we need an SEC that has clear rules about market manipulation and then has the backbone to go in and enforce those rules.

https://www.realclearpolitics.com/video/2021/01/28/warren_billionaires_are_yelling_because_theyre_the _only_ones_who_make_money_when_manipulation_works. html

[gabosaurus]

This is where you need an experienced market analyst to help you out. Many investors have made a living out of short selling stocks. That is how the hedge fund market works. The problem is that you don't know when the kickback is going to happen. The market has all sorts of breaks and automated programs that can hurt inexperienced traders. My husband monitors reddit and many other community investor sites. When a previously dormant or low value stocks begins to rise, it triggers a program that he has. He then sends alerts to his clients. They all bought tons of GameStop and a few others. When the stock rose to certain levels, he sold. In one transaction, I believe he bought several hundred shares at $83 and sold for close to $300. :cool:

[fj1200]

Hell, I don't have the money nor the expertise, but folks know how to manipulate the market, even in many legal ways.

Here's an article from 2012 that speaks of my line of thinking:

How The Big Players Manipulate The Stock Market

https://seekingalpha.com/instablog/2918951-g-hudson/1026551-how-the-big-players-manipulate-the-stock-market

Warren Buffet responded to this issue with Gamestop, and kinda hit at what I mean.

WARREN: There are rich people on both sides of this, people who are trying it appears to manipulate this market and that’s what we don’t know the details of. For a long time now, the SEC has pulled back and not made sure that we have an honest market. The whole point of having a stock market is so that people across this country around the world can invest in businesses help create that capital accumulation so businesses have the money they need to grow and to prosper. Instead, what has happened is it’s turned into a casino so that market manipulators come in and they drive markets up or down and make a profit on it. It’s, it’s called the gamification of the market. And all of a sudden, the billionaires and some hedge funds are yelling because they’re not the ones, the only ones who make money when the manipulation works. But remember the other half of this, there are going to be a lot of people who are going to lose money around this, a lot of money that they can’t afford to lose. This is why we need an SEC that has clear rules about market manipulation and then has the backbone to go in and enforce those rules.

https://www.realclearpolitics.com/video/2021/01/28/warren_billionaires_are_yelling_because_theyre_the _only_ones_who_make_money_when_manipulation_works. html

Thanks, that was helpful. I'm just not on board with cheering on the reddit traders because the non-reddit traders might engage in the activity. In both cases those things should be on the radar of the SEC. If we are going to charge them with trying to ensure transparency in the markets then that's their job. It also smacks of the ridiculous to lump this sort of thinking with the deep state, elites, etc. nonsense.

The short traders IMO perform a valuable function in a smooth running stock market, when it's done without manipulation of course. IIRC a lot of the short traders identified the banking issues of 2008; they didn't cause the problem but I think it's clear that they knew something.

And you're Warren quote above is Senator Warren, not Warren Buffett, who I don't trust at all. She'll take any rationale, even the non-existent kind, to further her desires to increase regulation.

Limbaugh is a mile over his skis on this one. I know you didn't bring him up but there was a headline from one of your links.

[jimnyc]

Thanks, that was helpful. I'm just not on board with cheering on the reddit traders because the non-reddit traders might engage in the activity. In both cases those things should be on the radar of the SEC. If we are going to charge them with trying to ensure transparency in the markets then that's their job. It also smacks of the ridiculous to lump this sort of thinking with the deep state, elites, etc. nonsense.

The short traders IMO perform a valuable function in a smooth running stock market, when it's done without manipulation of course. IIRC a lot of the short traders identified the banking issues of 2008; they didn't cause the problem but I think it's clear that they knew something.

And you're Warren quote above is Senator Warren, not Warren Buffett, who I don't trust at all. She'll take any rationale, even the non-existent kind, to further her desires to increase regulation.

Limbaugh is a mile over his skis on this one. I know you didn't bring him up but there was a headline from one of your links.

Oh man, can't believe I quoted her accidentally! Had a bunch of things open and quite a few by Buffett, and had that article loaded obviously... and that's what I get for assuming and reading too quickly. :laugh:

I hope I wasn't seen as cheering on anyone. I thought it comical, but any manipulation of the market is unhealthy. It's unhealthy when the rich do so, and the same if it's a community of online folks. Part of me likes to see the smaller guys make some $$$$, and especially so when it hits the billionaires. :) Doesn't make it right though.

I always believed that the richer one was the easier it is to make money - or manipulate things to ones benefit. If you ain't got mass money then you won't have a shot in hell.

[Gunny]

Candace Owens:

"The #RobinHood scandal reminds me of when millions of Americans organized to flee


Facebook & Twitter for Parler—and then a bunch of crooks (Google & Apple) shut it down by
pretending that the competition was illegal.


Wall Street & Big Tech are criminal, colluding enterprises."


https://www.youtube.com/watch?v=cKltvZkd31A&feature=emb_logoI meant to ask, is Parler shut down? I haven't heard a word; which, is just about right. Shut it down and pretend it never happened.

[LongTermGuy]

I meant to ask, is Parler shut down? I haven't heard a word; which, is just about right. Shut it down and pretend it never happened.


"Yes....But "Gab" is open and running...and they were smarter than I was"
https://bigleaguepolitics.com/wp-content/uploads/2021/01/ParlerMatze-1200x630.png

[fj1200]

Oh man, can't believe I quoted her accidentally! Had a bunch of things open and quite a few by Buffett, and had that article loaded obviously... and that's what I get for assuming and reading too quickly. :laugh:

I hope I wasn't seen as cheering on anyone. I thought it comical, but any manipulation of the market is unhealthy. It's unhealthy when the rich do so, and the same if it's a community of online folks. Part of me likes to see the smaller guys make some $$$$, and especially so when it hits the billionaires. :) Doesn't make it right though.

I always believed that the richer one was the easier it is to make money - or manipulate things to ones benefit. If you ain't got mass money then you won't have a shot in hell.

Considering the hodge-podge of people who are on the same side of this thing, Cruz, a trump or two, the squad :rolleyes: , etc. it's hard to keep track of the actual issues.

All the hedge fund types are going to start planning for this or they'll get in front of it and the "elites" will be right back where they were after they had it "stuck to them." It's just such populist crap and so much of it out there and some people seem willing to go along with anything.

But how does the little guy make money? Time. Systematic investing and time. Things like all of this crap hurts the integrity of the market, invites onerous regulation, and harms overall market returns. Eventually hurting the little guy.

[Kathianne]

Considering the hodge-podge of people who are on the same side of this thing, Cruz, a trump or two, the squad :rolleyes: , etc. it's hard to keep track of the actual issues.

All the hedge fund types are going to start planning for this or they'll get in front of it and the "elites" will be right back where they were after they had it "stuck to them." It's just such populist crap and so much of it out there and some people seem willing to go along with anything.

But how does the little guy make money? Time. Systematic investing and time. Things like all of this crap hurts the integrity of the market, invites onerous regulation, and harms overall market returns. Eventually hurting the little guy.

Yep. Friend of one of my kids, bought at 25. Said he was holding until it went to $1k. Son said. "Good luck with that." He sold at high $300s. He's happy, but woe to those holding when these burst.

[revelarts]

I'm Cheering Redit.

All they did is what day traders and the big boys have called for years Momentum Trading.
It's not Illegal. period.

If people like a stock they can buy it. If they don't like it they can not buy it.
If GameStop can't keep the biz up then the market will correct. there's ZERO need for anyone to "regulate" or stop trading.
The Elites invited small traders INTO the market guess what we're here.
Everyone says the Market should be accessible universally to everyone and only be stopped for REAL fraud and the like. Market Access. There's NOTHING like Fraud or Manipulation going on the ONLY problem is the hedge funds are the ones who are Losing their jobs and savings and businesses.
It was legal for them the push OTHER companies stocks into the gutter by 100% shorts and Puts.
the buy and devalue OTHER companies drain them dry and then declare bankruptcy and put everyone on the street. Just Business , just "the market".
But the market makes happen to a hedge Fund and suddenly Wall St's hair is on fire and they are calling the SEC and Closing the market and calling their bought congressmen to make new regs.

They are hypocritical immoral criminals

[revelarts]

https://i.imgur.com/XUZUfhS.jpeg

[revelarts]

Considering the hodge-podge of people who are on the same side of this thing, Cruz, a trump or two, the squad :rolleyes: , etc. it's hard to keep track of the actual issues.
crooks and liars, bought by wallst.


All the hedge fund types are going to start planning for this or they'll get in front of it and the "elites" will be right back where they were after they had it "stuck to them."
let them, if they do it legally then fine.



It's just such populist crap and so much of it out there and some people seem willing to go along with anything.
they all made money, like day traders do. And they made a political statement against a group that AIWAYS get the biggest and 1st gov't hand outs(cough)welfare(cough) that is BAILOUTS. while they let small biz get bought out or burn to the ground by the thousands.
But Hey Maybe the the Reddit folks will used the money so it eventually tickles DOWN to the hedge Funds people in trouble.
they just have to be be patient and get off the gov't dime and get to work.



But how does the little guy make money? Time. Systematic investing and time.
Why can't the little guy make money the same as the big guy? or this a "Populast thoght"
Isn't the game the same? Equal?


Things like all of this crap hurts the integrity of the market, invites onerous regulation, and harms overall market returns. Eventually hurting the little guy.
the markets "integrity" is FINE. (not morally speaking but) the only reason the little guy/main street will get hurt is if the 1% continues to punch down and try to stuck the rest of the life out of the working class and small biz. Under the BS guise of "Capitalism" when it's really Crony capitalism and Protected Predatory policies.

[fj1200]

crooks and liars, bought by wallst.

...

I'm not sure what to make of all of that. Market manipulation is illegal. I have no love for the hedge funds or any manipulation that they do but the opposite is not manipulation by reddit posters. The opposite is cracking down on illegality where it exists but from what I've heard the SEC would have an uphill battle against market manipulation; their legal basis is tenuous.

But my overall premise is that populism is dangerous. Whether it's trump populism, BLM populism, this new bout of populism, etc. It's dangerous thought and it has no business in any society but here we seem to be. So many or getting on this left populist bandwagon or that right populist bandwagon but once they start thinking the same thing... watch out.

[revelarts]

I'm not sure what to make of all of that. Market manipulation is illegal. I have no love for the hedge funds or any manipulation that they do but the opposite is not manipulation by reddit posters. The opposite is cracking down on illegality where it exists but from what I've heard the SEC would have an uphill battle against market manipulation; their legal basis is tenuous.

But my overall premise is that populism is dangerous. Whether it's trump populism, BLM populism, this new bout of populism, etc. It's dangerous thought and it has no business in any society but here we seem to be. So many or getting on this left populist bandwagon or that right populist bandwagon but once they start thinking the same thing... watch out.

Reddit didn't "manipulate" anything. they simply bought stock they thought was undervalued and thought they could riase from the brink that the hedge fund had sent them to by betting against them.
and other people thought it was a good idea. nothing hidden nothing inside. and in the case of Reddit they actually helped a national company that employees people SURVIVE rather than trying to stuff their profit off of killing it.

Could you define "populist thought" . Is it anything that's NOT establishment? By the vague outline you gave the civil rights movement, suffrage movement, the anti-war movements, the revolutionary war were dangerous "populist" thinking that we need to be concerned about.




Here's Tucker "the populist" Carlson take on the Reddit situation.
http://www.youtube.com/watch?v=S0HvhZIyfag

[tailfins]

Given how the stock market is rigged, I'm thinking that the thing to do is put all your 401-k money into T-bills or other Federal bonds and just stay out of the stock market.

[SassyLady]

I'm not sure what to make of all of that. Market manipulation is illegal. I have no love for the hedge funds or any manipulation that they do but the opposite is not manipulation by reddit posters. The opposite is cracking down on illegality where it exists but from what I've heard the SEC would have an uphill battle against market manipulation; their legal basis is tenuous.

But my overall premise is that populism is dangerous. Whether it's trump populism, BLM populism, this new bout of populism, etc. It's dangerous thought and it has no business in any society but here we seem to be. So many or getting on this left populist bandwagon or that right populist bandwagon but once they start thinking the same thing... watch out.

Why do you think individuals buying stock is dangerous? Why is populism dangerous? Because it isn't controlled by the elites?

[LongTermGuy]

Why do you think individuals buying stock is dangerous? Why is populism dangerous? Because it isn't controlled by the elites?

He is a full of Crap leftist thats why...Its obvious and seen in his posts...he cant help it.

Carry on:coffee:

[fj1200]

Given how the stock market is rigged, I'm thinking that the thing to do is put all your 401-k money into T-bills or other Federal bonds and just stay out of the stock market.

That's a rather short term viewpoint.


Why do you think individuals buying stock is dangerous? Why is populism dangerous? Because it isn't controlled by the elites?

Where exactly did I say individuals buying stock was dangerous? It is the one and best method that anyone can gain wealth in this country. Populism is dangerous because it has no core ideology. Populism will shift on a dime, note the previously diametrically opposed who are lining up on the same side on this issue.

And you don't think elites use populism in this country? Elites use populism to lead people around by their nose in this country; any country.


He is a full of Crap leftist thats why...Its obvious and seen in his posts...he cant help it.

Carry on:coffee:

Please point out my leftist positions.

[Kathianne]

That's a rather short term viewpoint.



Where exactly did I say individuals buying stock was dangerous? It is the one and best method that anyone can gain wealth in this country. Populism is dangerous because it has no core ideology. Populism will shift on a dime, note the previously diametrically opposed who are lining up on the same side on this issue.

And you don't think elites use populism in this country? Elites use populism to lead people around by their nose in this country; any country.



Please point out my leftist positions.

You disagree with him, thus you are a liberal; not from the looney right.

[fj1200]

Reddit didn't "manipulate" anything. they simply bought stock they thought was undervalued and thought they could riase from the brink that the hedge fund had sent them to by betting against them.
and other people thought it was a good idea. nothing hidden nothing inside. and in the case of Reddit they actually helped a national company that employees people SURVIVE rather than trying to stuff their profit off of killing it.

Could you define "populist thought" . Is it anything that's NOT establishment? By the vague outline you gave the civil rights movement, suffrage movement, the anti-war movements, the revolutionary war were dangerous "populist" thinking that we need to be concerned about.

Here's Tucker "the populist" Carlson take on the Reddit situation.

Please summarize Carlson to less than 20 minutes please.

I grant you that most people buying the stock were along for the ride. But someone is trying to manipulate the situation. Buy some stock, start talking about it... a lot, hope for the ride. I think you overstate the intention of people on reddit.

But to the larger point. I've mentioned what I consider populism to be previously (and I recognize that definitions vary on populism greatly); something along the lines of looking at issues and solutions merely because they are popular, or will appeal to the populace, and not because they are correct; it has no core ideology. It really has nothing to do with establishment in my opinion. Small-government Constitutional conservatism is not establishment and it's also not populist. I wouldn't call the civil rights movement populist but I do consider BLM to be populist because the former is based in truth and the latter based on myth. You mentioned some progressive things which may or may not be populist.

[fj1200]

You disagree with him, thus you are a liberal; not from the looney right.

Oh that ol' explanation again. How could I forget.

[LongTermGuy]

https://image.slidesharecdn.com/theexplanationwritingpack-150508150546-lva1-app6891/95/the-explanation-writing-pack-1-638.jpg?cb=1431097597

[SassyLady]

🤔 exactly did I say individuals buying stock was dangerous? It is the one and best method that anyone can gain wealth in this country. Populism is dangerous because it has no core ideology. Populism will shift on a dime, note the previously diametrically opposed who are lining up on the same side on this issue.

And you don't think elites use populism in this country? Elites use populism to lead people around by their nose in this country; any country.

Because this thread is about the whole Game Stop/AMC hedge fund issue and you brought up populism being dangerous.

The core ideology is taking back control. Both sides feel their values are no longer being represented.

Warren, Sanders and O'Rourke ran for president on populism. But no one remembers that. Everyone thinks only the far right are populists.

I'll ask again .. how do we take back control without a little populism?

[fj1200]

Because this thread is about the whole Game Stop/AMC hedge fund issue and you brought up populism being dangerous.

The core ideology is taking back control. Both sides feel their values are no longer being represented.

Warren, Sanders and O'Rourke ran for president on populism. But no one remembers that. Everyone thinks only the far right are populists.

I'll ask again .. how do we take back control without a little populism?

I brought up populism because the only explanation for all of the misplaced outrage is populism. There is no "taking back control" on this. Either the "elites" continue to win because they'll adjust because that's what money does or someone interested in government control on the left or right passes laws and regulations; Either way less control.

They didn't run on populism; they ran on expanding government control.

Overall I think I disagree with your premise but to the extent that we don't have control you get control by voting and having Republicans control the majority of state houses in this country. trump is more than a little populism and control is slipping away because of his, and his populist followers, actions.

[fj1200]

Have the "elites" been taught a lesson yet?


GameStop shares came under renewed pressure on Thursday, falling more than 40% to just under $54 as the video game seller continued to slide after a social media-driven frenzy drove its stock up nearly 3,000% since early January.


Shares of GameStop (https://www.cbsnews.com/news/gamestop-stock-down-gme-reddit-2021-02-03/) — which on January 28 were riding high at $483 apiece — are down nearly 90% over the last week. The unusual plunge has lopped more than $30 billion off the company's market value.
The stock had soared in late January especially, after amateur investors on Reddit discussion board WallStreetBets piled into the shares, with some traders declaring war on Wall Street hedge funds that had bet against the company. The forum has exploded in popularity in the past week, swelling to 8 million members.
https://www.cbsnews.com/news/gamestop-gme-stock-down-reddit-2021-02-04/

[jimnyc]

Have the "elites" been taught a lesson yet?


https://www.cbsnews.com/news/gamestop-gme-stock-down-reddit-2021-02-04/

Well....

Start with a goofy story. Back in 2004 I think it was, I was contracted to work at a place for awhile in Stamford Connecticut. I was happy because it's a beautiful area, very expensive, and only about a 30min drive from here. I was amazed with this company! Their were executive offices on the 2nd floor that lined the front windows of the company, the entire length and then again the same for the rear windows. So probably about 20 or so huge executive offices, that seemingly never had anyone in them. Now the interior, instead of a huge cubicle style flooring, it was just row after row of desks, and they were all huge. And the setups! Damn, would I love that! Advanced monitor holding system came out the back of the desk and each desk had 6 monitors! 3 by 3 at each desk, supplying them with Bloomberg, Nasdaq and you name it feeds. The ceiling was the entire 3rd non-existent floor, so they were like 30 dang feet high. We were just barely able to toss a football from one end to the other! Didn't know it until a couple of weeks in that SAC was "Stephen A Cohen" who apparently was a pretty big deal.

Anyway, his company is now Point72 Asset Management, and they were one of 3 that took a huge hit. Melvin Capital lost 53%! Also taking a hit was Sundheim’s D1 Capital Partners took a massive hit.

Not sure how much of a lesson they were taught, other than likely not doing this again with Gamestop. :)

[fj1200]

^Apparently he owns the Mets.

[Russ]

Reddit didn't "manipulate" anything. they simply bought stock they thought was undervalued and thought they could raise from the brink that the hedge fund had sent them to by betting against them.

Totally agree. Since when is it a problem for investors to recognize a situation in the market and try to make money from it?
The Reddit people simply recognized a situation where so many hedge funds were shorting GameStop stock that it became an opportunity to make money. The "short" is a contract to sell a block of GameStop stock that you don't own yet. Other investors realized that the hedge funds had to buy large blocks of GameStop stock at the market price in the next 30 days - so they bought GameStop stock before then, knowing that there were lots of legally-bound hedge funds that would have to buy it, and soon. It is simply an investment strategy, not anything wrong or illegal. No inside information involved, which is more than we can say for most hedge funds.

By the way, Rev, that is a great tagline quote.

[Tyr-Ziu Saxnot]

Because this thread is about the whole Game Stop/AMC hedge fund issue and you brought up populism being dangerous.

The core ideology is taking back control. Both sides feel their values are no longer being represented.

Warren, Sanders and O'Rourke ran for president on populism. But no one remembers that. Everyone thinks only the far right are populists.

I'll ask again .. how do we take back control without a little populism?

My friend , populism is not the big, bad bugger-bear.
The true nemesis is the Dem party and its allies, Those that it serves to gift billions to , while getting hundreds of millions back as a return into its elections campaign coffers. All the while pursuing an agenda that has at it heart a destruction of this nation as it was founded!
And that as a way to allow them to remake it based upon socialist ideology...
What transpire in the financial realm reflects that and you can bet your last nickel, the dems are invested in supporting those financial powers, corporations that are their allies and are in with their idea of what this nation should one future day be.
That imagined socialist paradise that their liberal/socialist insane fantasies envision..
Those that cry how this is all just rightwing poppycock are themselves either liars, blinded, brainwashed or else in on it themselves and seeking to insure its success and the fruits they plan on reaping with that outcome.
And that is the very sad and tragic truth of it...-Tyr

[jimnyc]

^Apparently he owns the Mets.

Yeah Cohen has some money! Never heard of hime before that but then wanted to meet him so so badly to get my foot in the door there permanently. But never met him and never got my foot in there. :(

[Flavius]

Candace Owens:

"The #RobinHood scandal reminds me of when millions of Americans organized to flee


Facebook & Twitter for Parler—and then a bunch of crooks (Google & Apple) shut it down by
pretending that the competition was illegal.


Wall Street & Big Tech are criminal, colluding enterprises."


https://www.youtube.com/watch?v=cKltvZkd31A&feature=emb_logo

Certainly there is collusion going in relation to Wall Street, and a great many other factors that effect and control our economy. A group of very rich and very powerful individuals have been colluding since the US went of the Gold Standard in the Nixon Years.

1. Big Banks controlled by a few rich families. The Rothchilds, JP Morgan Chase etc, there are 8 families....that control the Fed and the World Banks and within these families they Control Exon, etc. and they collude with............number 2. The House of Saud using the US Dollar as a standard to control their wealth....then of Course you have your friendly neighbor hood financial VAMPIRE, destroying any competition and collapsing certain banks such as the Bank of England.....exchanging currency rates which many gamble on like they do wall street stocks......GEORGE SOROS (who purchases corrupt judges, news media outlets, and a great many politicians).

Trump exposed all this and how they use these 3 industries to control and manipulate the global economy.....mostly through countless endless wars where the machines of was must be used............these people are no better than USED CAR SALESMEN....(not that there is anything wrong with an honest (wink,wink) Used Car Salesman........

What really pissed them off was being blindsided in 2016 as a certain group of embedded patriots (who had access to all US intel and its tools) used the lefts own corrupt system to place Donald Trump into power.

Come on! Trump had a 10% chance of getting elected. Remember Hillary by 95%? Of course the electronic voting system was used to blind side the left.........now you have witnessed 4 + years of a pissed off DEEP STATE and its attempt to rid the world of ORANGE MAN. But that genie can never be put back in the bottle. Trump left the US with over 75 million pissed off American Citizens who have become enlightened, well informed and intent upon finishing what Orange Man started.

Stay Tunned.............

[fj1200]

^You've certainly got all the conspiracies rolling around in your head don't you?

[Flavius]

^You've certainly got all the conspiracies rolling around in your head don't you?

Yeah more left wing genius ........ everything is a conspiracy when the truth is revealed. 16 Trillion was not pumped into Wall Street via the Federal Reserve (Controlled by JP Morgan Chase, etc., under Obama) while in reality half the nation was on Welfare. And.......another 9 Trillion was not pumped into Wall Street via the Fed when Trump forced them to continue the fake phony and false Wall Street Illusion under his watch (He played them like a cheap fiddle)........time after time they attempted to crash the market by turning off the FED spicket ......Trump forced them to lower the rates by taking over the leadership of the Fed (placing it under the federal umbrella of the US Treasury).

And George Soros never, ever attempted to bankrupt anyone who exposed his unethical tactics: https://www.thebalance.com/black-wednesday-george-soros-bet-against-britain-1978944#:~.text=Currency%20-trader%20George%20Soros%20became%20famous%20for%20 breaking,1992%2C%20during%20what%20became%20Black% 20Wednesday.



The Fed never pumped TRILLIONS into wall street: https://wallstreetonparade.com/2020/03/the-fed-has-pumped-9-trillion-into-wall-street-over-the-past-six-months-but-mnuchin-says-this-isnt-like-the-financial-crisis/


And Obama was never called the Welfare King POTUS and was not the first POTUS to put more people on welfare while spending more on entitlements than national defense. Welfare increased 41% under Obama's watch....that's how (wink, wink) successful his economy was. https://www.independentsentinel.com/welfare-increased-41-under-obama/

And the house of Saud does not control the oil spicket: Nope there is no oil cartel that uses the US Dollar. https://www.quora.com/Why-is-oil-priced-and-traded-in-U-S-dollars


Its all an "illusion"......the US PAPER dollar has about the same value as TP....there is no real property backing up the counterfeit petro dollar....its printed from nothing. Remember? Even dollars could not purchase TP during the great fake phony and false PLANNEDDEMIC...there was a TP apocalypse.

Trump was placing the US economy back on the Gold Standard.....thus, the election theft by any means possible. Logic: There are about 141 million registered voters in the US that actually show up at the polls. Yet.....somehow.....over 150 million votes were counted. Note one charge of voter fraud was ever accepted by the bought and paid for George Soros judges. Its a miracle........6 people show up at Biden rallies.......yet he somehow persuaded about 80% of the population to show up and vote......he won by 10 million votes yet lost over 90% of the county districts. He should be healing the sick and raising the dead.....and never mind taking Air Force One to Europe......he could just walk on water.
https://wethepeopleconvention.org/articles/More-Votes-than-Voters

[fj1200]

Yeah more left wing genius ........

You remind me of an episode of Star Trek: Voyager where 7 of 9 started to try and make sense of all the facts that she was gathering over time. She took a little fact here and a little fact there and then she started to create fictional storylines that tried to make sense of things that she didn't really understand. Your post is nothing but a brain dump of all these things that are running through your head that seem to go together but in reality do not. Are there things that are true in your post? Sure. Are there things that are false in your post? Sure. Is it all wrapped up together in one fantastical illusion? Undoubtedly.

George Soros didn't break the Bank of England. The BoE broke the BoE, Soros just identified the cracks.

[Flavius]

You remind me of an episode of Star Trek: Voyager where 7 of 9 started to try and make sense of all the facts that she was gathering over time. She took a little fact here and a little fact there and then she started to create fictional storylines that tried to make sense of things that she didn't really understand. Your post is nothing but a brain dump of all these things that are running through your head that seem to go together but in reality do not. Are there things that are true in your post? Sure. Are there things that are false in your post? Sure. Is it all wrapped up together in one fantastical illusion? Undoubtedly.

George Soros didn't break the Bank of England. The BoE broke the BoE, Soros just identified the cracks.

You remind me of a child quoting from some syfy text that is subjective as hell attempting to debunk "Objective" reproducible facts in evidence. I noticed that you "debunked" the hell out of the evidence presented with your brilliant childish retort. How old are you? 15? 16? :dunno:

For educational purposes: Subjective: Talking place in the mind only void of any 'actual' and physical (applied science) evidence. Objective: undistorted by emotion, a position based upon "observable" phenomena.

Phenomena: Any state or process known and collected through human senses.

Lack of senses: See progressive:poke:

I notice that things are no different on this site. Liberals need and require "universal healthcare". Why? They will soon go bankrupt if they have to pay for all the visits to the ER.......in order to relocate their displaced shoulder due to "patting one's self on the back". A person with knowledge requires no accolade from their peers. Why? They could give a crap what others might or might not think of them.

[fj1200]

You remind me of a child quoting from some syfy text that is subjective as hell attempting to debunk "Objective" reproducible facts in evidence. I noticed that you "debunked" the hell out of the evidence presented with your brilliant childish retort. How old are you? 15? 16? :dunno:

For educational purposes: Subjective: Talking place in the mind only void of any 'actual' and physical (applied science) evidence. Objective: undistorted by emotion, a position based upon "observable" phenomena.

Phenomena: Any state or process known and collected through human senses.

Lack of senses: See progressive:poke:

I notice that things are no different on this site. Liberals need and require "universal healthcare". Why? They will soon go bankrupt if they have to pay for all the visits to the ER.......in order to relocate their displaced shoulder due to "patting one's self on the back". A person with knowledge requires no accolade from their peers. Why? They could give a crap what others might or might not think of them.

You're correct about one thing. I didn't debunk anything because it's really pointless to try and debunk anything to you. You believe the garbage websites you visit and that is your truth; there's nothing really to be done about it. I'll be happy to take one of those points in your screed and debate it with you but I'm guessing you'd have a hard time keeping to one thing at a time.

Also, you remind me of another poster we had here awhile back who also wasn't good at sentence structure and had a tendency to make up words as well.

[fj1200]

......Trump forced them to lower the rates by taking over the leadership of the Fed (placing it under the federal umbrella of the US Treasury).

...

Trump was placing the US economy back on the Gold Standard.....

Just taking two of them. I don't recall those happening. :)

[gabosaurus]

There is no "war of Wall Street." This type of situation happens whenever inexperienced traders try to manipulate the stock market. They see only short term gains. Stocks are a long term investment. Unless you have the skills and knowledge needed to understand what is happening. My only take on the GameStop situation is that we made money off of it. :cool:

[icansayit]

You remind me of an episode of Star Trek: Voyager where 7 of 9 started to try and make sense of all the facts that she was gathering over time. She took a little fact here and a little fact there and then she started to create fictional storylines that tried to make sense of things that she didn't really understand. Your post is nothing but a brain dump of all these things that are running through your head that seem to go together but in reality do not. Are there things that are true in your post? Sure. Are there things that are false in your post? Sure. Is it all wrapped up together in one fantastical illusion? Undoubtedly.

George Soros didn't break the Bank of England. The BoE broke the BoE, Soros just identified the cracks.

Everything you have described...even those things we have yet to see...sound so much like the TRAINING lectures the Dems want to keep hidden to prevent anyone from seeing how literally dumb, ignorant, and full of hate YOU and THEY really are.
Reading how you intentionally PATRONIZE others to impress your TINY mind functions is more than laughable...they are a serious sign of how desperate YOU are to IMPRESS YOU.

[fj1200]

YOU are to IMPRESS YOU.

I will take your words to heart. The bold is what really gets me to see the eloquence of your position.

[icansayit]

I will take your words to heart. The bold is what really gets me to see the eloquence of your position.

It's NOT possible for you to do that. Reminding me of a WIZARD OF OZ character who...


https://www.youtube.com/watch?v=uQ8KcwFoP_I&ab_channel=Michael