Stock Market is not a Free Market after all

[Anonymous]

Anonymous wrote:

Anonymous wrote:Look, GME is not just a funny game of “getting back at the man.” If this is allowed to fester, there will be systemic volatility. You might think this warning is alarmist, but people have underestimated the destabilizing power of the alt-right for years. I understand that people are hurting, but we’re going to have to decide if that should provide them a free check to be destructive. Lots of people -including you and me - have major investments in the current system - like your retirement funds. How much revolution are your jobs, finances, etc. prepared to take? Be careful what you ask for; you may just get it.

1. WSB isn't the "alt-right".
2. Yes, this may cause systemic volatility and rightfully so. It certainly would be destabilizing if people realized that all of their investments that they have scraped together for college and retirement in the hopes that the free market will work for them were all a sham and that they were manipulated by the ultra-rich. Yep. I can see how that might bring down the whole system. And yet here we are.

+1
I keep thinking about the exercise in HS economics class where you get $100 fake dollars and you pick some stocks to follow. Most everyone ends up down. And you are sad, but that's the market and it works the way it works. Now to think that it's all manipulated and it only works like that for some of us. The rest drive the manipulations and get very rich. They don't wake up one day seeing a stock is down and thinking, oh well, that's how it works. It's disgusting.

[Anonymous]

Funny how the capitalists never mention the virtues of creative destruction when it comes for them.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Look, GME is not just a funny game of “getting back at the man.” If this is allowed to fester, there will be systemic volatility. You might think this warning is alarmist, but people have underestimated the destabilizing power of the alt-right for years. I understand that people are hurting, but we’re going to have to decide if that should provide them a free check to be destructive. Lots of people -including you and me - have major investments in the current system - like your retirement funds. How much revolution are your jobs, finances, etc. prepared to take? Be careful what you ask for; you may just get it.

1. WSB isn't the "alt-right".
2. Yes, this may cause systemic volatility and rightfully so. It certainly would be destabilizing if people realized that all of their investments that they have scraped together for college and retirement in the hopes that the free market will work for them were all a sham and that they were manipulated by the ultra-rich. Yep. I can see how that might bring down the whole system. And yet here we are.

Yep--Way more Bernie bros

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Look, GME is not just a funny game of “getting back at the man.” If this is allowed to fester, there will be systemic volatility. You might think this warning is alarmist, but people have underestimated the destabilizing power of the alt-right for years. I understand that people are hurting, but we’re going to have to decide if that should provide them a free check to be destructive. Lots of people -including you and me - have major investments in the current system - like your retirement funds. How much revolution are your jobs, finances, etc. prepared to take? Be careful what you ask for; you may just get it.

But somehow HFs shorting companies into oblivion, which they have been doing for years, is not destabilizing?

Oh, bankrupting bricks and mortar stores is just regular American "creative destruction". We've been doing it for decades.

Those businesses are going bankrupt with or without the help of hedge funds

That's a nice fantasy. But no, the reality is that HFs can and do bankrupt businesses in order to enrich themselves.

What is GME's plan to remain a going concern? They sell used video games and consoles are moving to digital. They could have moved to digital years ago, but steam beat them there. They are blockbuster video

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Look, GME is not just a funny game of “getting back at the man.” If this is allowed to fester, there will be systemic volatility. You might think this warning is alarmist, but people have underestimated the destabilizing power of the alt-right for years. I understand that people are hurting, but we’re going to have to decide if that should provide them a free check to be destructive. Lots of people -including you and me - have major investments in the current system - like your retirement funds. How much revolution are your jobs, finances, etc. prepared to take? Be careful what you ask for; you may just get it.

Oh, I don't disagree, maybe trading GME should have been halted. But it wasn't. It was manipulated downward.

This.

+2
Yup, well said.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Look, GME is not just a funny game of “getting back at the man.” If this is allowed to fester, there will be systemic volatility. You might think this warning is alarmist, but people have underestimated the destabilizing power of the alt-right for years. I understand that people are hurting, but we’re going to have to decide if that should provide them a free check to be destructive. Lots of people -including you and me - have major investments in the current system - like your retirement funds. How much revolution are your jobs, finances, etc. prepared to take? Be careful what you ask for; you may just get it.

1. WSB isn't the "alt-right".
2. Yes, this may cause systemic volatility and rightfully so. It certainly would be destabilizing if people realized that all of their investments that they have scraped together for college and retirement in the hopes that the free market will work for them were all a sham and that they were manipulated by the ultra-rich. Yep. I can see how that might bring down the whole system. And yet here we are.

Yep--Way more Bernie bros

WSB is millions of people. I would bet they have diverse political beliefs. It is foolish to try to attach WSB to a political leaning.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Look, GME is not just a funny game of “getting back at the man.” If this is allowed to fester, there will be systemic volatility. You might think this warning is alarmist, but people have underestimated the destabilizing power of the alt-right for years. I understand that people are hurting, but we’re going to have to decide if that should provide them a free check to be destructive. Lots of people -including you and me - have major investments in the current system - like your retirement funds. How much revolution are your jobs, finances, etc. prepared to take? Be careful what you ask for; you may just get it.

1. WSB isn't the "alt-right".
2. Yes, this may cause systemic volatility and rightfully so. It certainly would be destabilizing if people realized that all of their investments that they have scraped together for college and retirement in the hopes that the free market will work for them were all a sham and that they were manipulated by the ultra-rich. Yep. I can see how that might bring down the whole system. And yet here we are.

+1
I keep thinking about the exercise in HS economics class where you get $100 fake dollars and you pick some stocks to follow. Most everyone ends up down. And you are sad, but that's the market and it works the way it works. Now to think that it's all manipulated and it only works like that for some of us. The rest drive the manipulations and get very rich. They don't wake up one day seeing a stock is down and thinking, oh well, that's how it works. It's disgusting.

+2. Right now everyone who isn't invested in a hedge fund is thinking, "Maybe everytime I have invested, someone was checking me in order to stop me in case I made too good of a move."

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Look, GME is not just a funny game of “getting back at the man.” If this is allowed to fester, there will be systemic volatility. You might think this warning is alarmist, but people have underestimated the destabilizing power of the alt-right for years. I understand that people are hurting, but we’re going to have to decide if that should provide them a free check to be destructive. Lots of people -including you and me - have major investments in the current system - like your retirement funds. How much revolution are your jobs, finances, etc. prepared to take? Be careful what you ask for; you may just get it.

But somehow HFs shorting companies into oblivion, which they have been doing for years, is not destabilizing?

Oh, bankrupting bricks and mortar stores is just regular American "creative destruction". We've been doing it for decades.

Those businesses are going bankrupt with or without the help of hedge funds

That's a nice fantasy. But no, the reality is that HFs can and do bankrupt businesses in order to enrich themselves.

What is GME's plan to remain a going concern? They sell used video games and consoles are moving to digital. They could have moved to digital years ago, but steam beat them there. They are blockbuster video

They have a new CEO and some new ideas about digital.
But even if they never go digital, they're still a going concern now. There's no reason for them to go out of business today. Except that they were targeted by a hedge fund.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Look, GME is not just a funny game of “getting back at the man.” If this is allowed to fester, there will be systemic volatility. You might think this warning is alarmist, but people have underestimated the destabilizing power of the alt-right for years. I understand that people are hurting, but we’re going to have to decide if that should provide them a free check to be destructive. Lots of people -including you and me - have major investments in the current system - like your retirement funds. How much revolution are your jobs, finances, etc. prepared to take? Be careful what you ask for; you may just get it.

But somehow HFs shorting companies into oblivion, which they have been doing for years, is not destabilizing?

Oh, bankrupting bricks and mortar stores is just regular American "creative destruction". We've been doing it for decades.

Those businesses are going bankrupt with or without the help of hedge funds

That's a nice fantasy. But no, the reality is that HFs can and do bankrupt businesses in order to enrich themselves.

What is GME's plan to remain a going concern? They sell used video games and consoles are moving to digital. They could have moved to digital years ago, but steam beat them there. They are blockbuster video

They have a new CEO and some new ideas about digital.
But even if they never go digital, they're still a going concern now. There's no reason for them to go out of business today. Except that they were targeted by a hedge fund.

sounds a lot like blockbuster

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Look, GME is not just a funny game of “getting back at the man.” If this is allowed to fester, there will be systemic volatility. You might think this warning is alarmist, but people have underestimated the destabilizing power of the alt-right for years. I understand that people are hurting, but we’re going to have to decide if that should provide them a free check to be destructive. Lots of people -including you and me - have major investments in the current system - like your retirement funds. How much revolution are your jobs, finances, etc. prepared to take? Be careful what you ask for; you may just get it.

But somehow HFs shorting companies into oblivion, which they have been doing for years, is not destabilizing?

Oh, bankrupting bricks and mortar stores is just regular American "creative destruction". We've been doing it for decades.

Those businesses are going bankrupt with or without the help of hedge funds

That's a nice fantasy. But no, the reality is that HFs can and do bankrupt businesses in order to enrich themselves.

What is GME's plan to remain a going concern? They sell used video games and consoles are moving to digital. They could have moved to digital years ago, but steam beat them there. They are blockbuster video

They have a new CEO and some new ideas about digital.
But even if they never go digital, they're still a going concern now. There's no reason for them to go out of business today. Except that they were targeted by a hedge fund.

sounds a lot like blockbuster

People (still) buy consoles and games. Will they still in 10 years? Most likely yes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Look, GME is not just a funny game of “getting back at the man.” If this is allowed to fester, there will be systemic volatility. You might think this warning is alarmist, but people have underestimated the destabilizing power of the alt-right for years. I understand that people are hurting, but we’re going to have to decide if that should provide them a free check to be destructive. Lots of people -including you and me - have major investments in the current system - like your retirement funds. How much revolution are your jobs, finances, etc. prepared to take? Be careful what you ask for; you may just get it.

But somehow HFs shorting companies into oblivion, which they have been doing for years, is not destabilizing?

Oh, bankrupting bricks and mortar stores is just regular American "creative destruction". We've been doing it for decades.

Those businesses are going bankrupt with or without the help of hedge funds

That's a nice fantasy. But no, the reality is that HFs can and do bankrupt businesses in order to enrich themselves.

What is GME's plan to remain a going concern? They sell used video games and consoles are moving to digital. They could have moved to digital years ago, but steam beat them there. They are blockbuster video

They have a new CEO and some new ideas about digital.
But even if they never go digital, they're still a going concern now. There's no reason for them to go out of business today. Except that they were targeted by a hedge fund.

sounds a lot like blockbuster

If hedgefunds are going to short, they better be prepared for the full consequences. I would NEVER do this.

[Anonymous]

I am the poster of the 08:12 post and want to respond notion that the system is rigged, manipulated: Every time the little guy starts to make money, the System pulls the plug. While this sounds like a good rebel yell, it’s bs. How many of you have become rich by dollar cost averaging and letting your stock investments grow over time? Congratulations, you have used the System to become rich. How many of you have received stock options or restricted stock as compensation and become rich? Again, the System has made you rich. So, it’s not that the System undermines the little guy, it’s that not everyone participates. That’s a problem.

It’s also not to say that the System shouldn’t change, but that change should be orderly. Any System has rules and assumptions. Oftentimes, we don’t realize all the ramifications of those rules and assumptions until they are challenged. And, when they are, we have to re-evaluate whether the rules, or even the overall System, should be modified. For example, Trump exposed the degree to which our government works on norms that he decided to trash. We now must re-evaluate those norms as either so important that we make them into rules or continue to consider them norms. Same here. The WSB crowd has successfully challenged the norms, but let’s not mistake that wake up call for support for destruction. That will only lead to more destruction. As previously mentioned, many of us have a vested interested in the stability of the current regime. Instead, let’s use this wake up call for incremental and responsible change.

[Anonymous]

Anonymous wrote:I am the poster of the 08:12 post and want to respond notion that the system is rigged, manipulated: Every time the little guy starts to make money, the System pulls the plug. While this sounds like a good rebel yell, it’s bs. How many of you have become rich by dollar cost averaging and letting your stock investments grow over time? Congratulations, you have used the System to become rich. How many of you have received stock options or restricted stock as compensation and become rich? Again, the System has made you rich. So, it’s not that the System undermines the little guy, it’s that not everyone participates. That’s a problem.

It’s also not to say that the System shouldn’t change, but that change should be orderly. Any System has rules and assumptions. Oftentimes, we don’t realize all the ramifications of those rules and assumptions until they are challenged. And, when they are, we have to re-evaluate whether the rules, or even the overall System, should be modified. For example, Trump exposed the degree to which our government works on norms that he decided to trash. We now must re-evaluate those norms as either so important that we make them into rules or continue to consider them norms. Same here. The WSB crowd has successfully challenged the norms, but let’s not mistake that wake up call for support for destruction. That will only lead to more destruction. As previously mentioned, many of us have a vested interested in the stability of the current regime. Instead, let’s use this wake up call for incremental and responsible change.

Um, no. WSB did what hedge funds do. No one is calling for increased regulation on hedge funds. Why should we call for increased regulation on personal investors?

[Anonymous]

Anonymous wrote:I am the poster of the 08:12 post and want to respond notion that the system is rigged, manipulated: Every time the little guy starts to make money, the System pulls the plug. While this sounds like a good rebel yell, it’s bs. How many of you have become rich by dollar cost averaging and letting your stock investments grow over time? Congratulations, you have used the System to become rich. How many of you have received stock options or restricted stock as compensation and become rich? Again, the System has made you rich. So, it’s not that the System undermines the little guy, it’s that not everyone participates. That’s a problem.

It’s also not to say that the System shouldn’t change, but that change should be orderly. Any System has rules and assumptions. Oftentimes, we don’t realize all the ramifications of those rules and assumptions until they are challenged. And, when they are, we have to re-evaluate whether the rules, or even the overall System, should be modified. For example, Trump exposed the degree to which our government works on norms that he decided to trash. We now must re-evaluate those norms as either so important that we make them into rules or continue to consider them norms. Same here. The WSB crowd has successfully challenged the norms, but let’s not mistake that wake up call for support for destruction. That will only lead to more destruction. As previously mentioned, many of us have a vested interested in the stability of the current regime. Instead, let’s use this wake up call for incremental and responsible change.

Except that's what happened yesterday with the blatant market manipulation to drive the Gamestop stock price lower.

The response, regulatory and market, to that will be important for everyone to see. Or if there's no response.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Look, GME is not just a funny game of “getting back at the man.” If this is allowed to fester, there will be systemic volatility. You might think this warning is alarmist, but people have underestimated the destabilizing power of the alt-right for years. I understand that people are hurting, but we’re going to have to decide if that should provide them a free check to be destructive. Lots of people -including you and me - have major investments in the current system - like your retirement funds. How much revolution are your jobs, finances, etc. prepared to take? Be careful what you ask for; you may just get it.

1. WSB isn't the "alt-right".
2. Yes, this may cause systemic volatility and rightfully so. It certainly would be destabilizing if people realized that all of their investments that they have scraped together for college and retirement in the hopes that the free market will work for them were all a sham and that they were manipulated by the ultra-rich. Yep. I can see how that might bring down the whole system. And yet here we are.

Yep--Way more Bernie bros

WSB is millions of people. I would bet they have diverse political beliefs. It is foolish to try to attach WSB to a political leaning.

I totally disagree. ECONOMIC INEQUALITY. A common denominator w many Bernie Bros, Warrenites and Trumpkins.