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

[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/2...e-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/vi...ion_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.

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."

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.

[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"

[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.

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 , 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 , 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]

[revelarts]

Considering the hodge-podge of people who are on the same side of this thing, Cruz, a trump or two, the squad , 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.

[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

[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

Please point out my leftist positions.