Stock Market is not a Free Market after all

[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.

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.

And there’s more than just a few Redditer comments from young adults who watched their families get screwed in ‘08 while WS got saved. And then they were also lectured about “moral hazard” for gaining on too much mortgage and other BS. Lots of blaming boomers for fckin up the planet, the economy, and politics. This is the new era folks. Revenge of the youth and the financially downtrodden — inequality is the rot.

[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.

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.

People like money. Democrats. Republicans. Libertarians. Anarchists. Apolitcal people. They. want. money. The only purpose of WSB was to make money in the stock market.

But if you have any data to show a common political goal on WSB, please share.

[Anonymous]

Anonymous wrote:

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.

people still rent videos. Target, Walmart Best Buy and Amazon all compete in the same space and all have more ability to discount because none rely on video games. GME's big advantage is used games, but Play Station and X Box are both moving to eliminating discs in favor of digital only- kind of like what happened to block buster

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

people still rent videos. Target, Walmart Best Buy and Amazon all compete in the same space and all have more ability to discount because none rely on video games. GME's big advantage is used games, but Play Station and X Box are both moving to eliminating discs in favor of digital only- kind of like what happened to block buster

Yes, maybe Gamestop will lose to Best Buy in the next few years or few decades. Or maybe not, I don't know the future.

So that means it's okay for Melvin to make a couple billion off them and put them out of business immediately?

[Anonymous]

Anonymous wrote:

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?

Double no. We are not "rich" by letting our stock investments grow over time. Sometimes these go DOWN. We are participating but not manipulating. HF are getting RICH by manipulating.

[Anonymous]

Why are you all saying they’re alt right? I know dozens of these guys and they’re left leaning. It seems all to convenient to blame the alt right. They’re not the only ones dissatisfied with the status quo and the big fish always winning.

[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.

There are parts of the system that work well such as what you have named. No one is complaining about those. They are complaining about hedge funds, which are not regulated and engage in despicable behavior. They are not integral to the system. We could ban them tomorrow (with orderly dissolution) and no one would miss them and the system wouldn't suffer.

This from someone who is a big fan of shorts as a risk mitigation technique. That is not what the HFs do--they use it as weapon to blow up businesses simply to enrich themselves, even though many of these businesses could survive were it not for the HFs.

[Anonymous]

Anonymous wrote:Why are you all saying they’re alt right? I know dozens of these guys and they’re left leaning. It seems all to convenient to blame the alt right. They’re not the only ones dissatisfied with the status quo and the big fish always winning.

It’s the same root cause, people just don’t see it. Economic inequality is at the heart of all of this. It was predicted years ago. https://www.politico.com/magazine/story/2014/06/the-pitchforks-are-coming-for-us-plutocrats-108014

[Anonymous]

Anonymous wrote:It's all going to be blamed on the alt-rght and that we need more market controls on individual buyers to protect them from the predatory nature of evil actors.

Awww, poor alt right. It's so hard to be a Nazi these days... you just get blamed for everything when you're just a nice guy plotting to murder people for their skin color and nationality! Nazis need love too! /s

[Anonymous]

Money illusion posits that people have a tendency to view their wealth and income in nominal dollar terms, rather than recognize its real value, adjusted for inflation. HF have made profit after profit, bailouts and manipulation. The new generation of investors are starting to understand how the game is played. Hold the line.

[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.

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.

People like money. Democrats. Republicans. Libertarians. Anarchists. Apolitcal people. They. want. money. The only purpose of WSB was to make money in the stock market.

But if you have any data to show a common political goal on WSB, please share.

Reddit is your friend. Go read it like the rest of us.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Why are you all saying they’re alt right? I know dozens of these guys and they’re left leaning. It seems all to convenient to blame the alt right. They’re not the only ones dissatisfied with the status quo and the big fish always winning.

It’s the same root cause, people just don’t see it. Economic inequality is at the heart of all of this. It was predicted years ago. https://www.politico.com/magazine/story/2014/06/the-pitchforks-are-coming-for-us-plutocrats-108014

Ding. Ding. Ding. We have a winner.

[Anonymous]

Anonymous wrote:Money illusion posits that people have a tendency to view their wealth and income in nominal dollar terms, rather than recognize its real value, adjusted for inflation. HF have made profit after profit, bailouts and manipulation. The new generation of investors are starting to understand how the game is played. Hold the line.

Hold the line. Make ‘em pay. BIG TIME.

[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.

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.

People like money. Democrats. Republicans. Libertarians. Anarchists. Apolitcal people. They. want. money. The only purpose of WSB was to make money in the stock market.

But if you have any data to show a common political goal on WSB, please share.

Reddit is your friend. Go read it like the rest of us.

You've read the posts of millions in WSB? Or did you read 5 and say, "I think I've figure these people out!"

[Anonymous]

Anonymous wrote:

Anonymous wrote:It's all going to be blamed on the alt-rght and that we need more market controls on individual buyers to protect them from the predatory nature of evil actors.

Awww, poor alt right. It's so hard to be a Nazi these days... you just get blamed for everything when you're just a nice guy plotting to murder people for their skin color and nationality! Nazis need love too! /s

These aren’t nazis! These are Bernie bros. Same income inequality but different politics