Reply to Stock Market is not a Free Market after all

Forum Index » Money and Finances

Reply to "Stock Market is not a Free Market after all "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]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. [/quote]

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

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

Those businesses are going bankrupt with or without the help of hedge funds [/quote]

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

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 [/quote]

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.  [/quote]

sounds a lot like blockbuster [/quote]

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

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   [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics