Are we talking about taking advantage of flaws in the market or committing crimes? Two very different things. Taking advantage of flaws in the market/system is not a crime.
Ethical boundaries of what is the greater good for society have crossed that line a decade or more ago. I believe most of this will be realized after the fact, and if not the markets will remain a manipulated capital structure.
Really taking this to a relative level, how is any of this different than the obese Miss Alabama or transperson Miss Maryland? It is all about the same sick society, in my opinion.
This post was edited 3 minutes after it was posted.
Those not taking advantage of the flaws are doing a disservice to their clients.
this is an interesting question.
here's the problem as I see it:
the meme stock people play along in GME and whatnot.
Most get their heads handed to them
Then they complain 'see! the market is manipulated and rigged against the little guy!'
Even as the greatest wealth creation machine ever created, the broad stock market, churns ahead and hits all time high after all time high for those who do it right and don't try to get rich quick.
The meme stocks' failures do hurt people, not just in short term losses like today, but in fostering long term disillusionment with the right way to invest.
I think you all have a certain picture in your mind of what the people invested in GameStop look like, act like, and believe. These are people are vocal and stupid. I do not believe this is the majority of GME investors.
After January of 2021, the collective IQ of the wallstreetbets subreddit dropped about 20 points. It actually used to be a place to get good information, or at least it was pretty easy to sift through the memes to get good information. I don't know if it was a large influx of idiots, or some kind of concerted effort by big money because of the threat retail presented in that initial GME run-up, but either way, these places have gotten stupider and stupider. I truly think it was done to be purposefully off-putting to people like you Agip, careful and dignified. That's my conspiracy theory. Feel free to think I'm dumb. If I had billions and was on the wrong side of a historic trade, it would make sense to muddy the waters as much as possible.
Ethical boundaries of what is the greater good for society have crossed that line a decade or more ago. I believe most of this will be realized after the fact, and if not the markets will remain a manipulated capital structure.
Really taking this to a relative level, how is any of this different than the obese Miss Alabama or transperson Miss Maryland? It is all about the same sick society, in my opinion.
Revel in the badness or revel in the goodness. We should all choose the latter.
the meme stock people play along in GME and whatnot.
Most get their heads handed to them
Then they complain 'see! the market is manipulated and rigged against the little guy!'
Even as the greatest wealth creation machine ever created, the broad stock market, churns ahead and hits all time high after all time high for those who do it right and don't try to get rich quick.
The meme stocks' failures do hurt people, not just in short term losses like today, but in fostering long term disillusionment with the right way to invest.
I think you all have a certain picture in your mind of what the people invested in GameStop look like, act like, and believe. These are people are vocal and stupid. I do not believe this is the majority of GME investors.
After January of 2021, the collective IQ of the wallstreetbets subreddit dropped about 20 points. It actually used to be a place to get good information, or at least it was pretty easy to sift through the memes to get good information. I don't know if it was a large influx of idiots, or some kind of concerted effort by big money because of the threat retail presented in that initial GME run-up, but either way, these places have gotten stupider and stupider. I truly think it was done to be purposefully off-putting to people like you Agip, careful and dignified. That's my conspiracy theory. Feel free to think I'm dumb. If I had billions and was on the wrong side of a historic trade, it would make sense to muddy the waters as much as possible.
Also fwiw I was looking to get out of a few of my call options today or early next week. Not sure how the share offering will play out. I think they'll be done with it today and we'll resume our run next week. My calls have erroneously dropped in value to .01 twice today. Don't know if that's due to the halts or what. Strange times. Will be fascinating to watch over the next few weeks
Ethical boundaries of what is the greater good for society have crossed that line a decade or more ago. I believe most of this will be realized after the fact, and if not the markets will remain a manipulated capital structure.
Really taking this to a relative level, how is any of this different than the obese Miss Alabama or transperson Miss Maryland? It is all about the same sick society, in my opinion.
Do you actually care about pagents at all? Who gives a sh!t? I submit to you that ALL pagents from the beginning of time are stupid. Do you care that the Governor of Arkansas (Sarah Sanders) is super fat and looks like a man?
Earnings Scorecard: For Q1 2024 (with over 99% of S&P 500 companies reporting actual results), 79% of S&P 500 companies have reported a positive EPS surprise and 61% of S&P 500 companies have reported a positive revenue surprise.
Nappy head? You know you're not talking to your racist friends here. And to be clear, she looks WAY better than Sarah Sanders, but I don't really care about that. I care if they lie, and Sarah Sanders lies like a rug.
Dictionary.com - definition of "Nappy Hair" wrote:
Although textured hair goes by many names, such as curly, kinky, or coily, nappy hair is specifically used when speaking about the hair of Black people. The term has historically been a racist term.
Nappy hair is historically used as a derogatory term to describe the hair of black people, especially women, many of whom have re-appropriated the term.
Dictionary.com - definition of "Nappy Hair" wrote:
Although textured hair goes by many names, such as curly, kinky, or coily, nappy hair is specifically used when speaking about the hair of Black people. The term has historically been a racist term.
To witness history of course. Not every day you get the chance to see someone become a billionaire live on stream. Hopefully it hits 70 by then. So far we have two halts to the upside 15 minutes into the day. Volume is 66m so far. The share offering could be over by noon
Yup. Sounds exciting. I'd like to witness that too but I've got an prior engagement to watch some grass grow.
I find it really funny the post was removed. OK, Jean Pierre doesn’t have an nappy head, just empty under the hair.
Not sure why it's funny. Maybe work to remove those casually racist comments from your vernacular. You're not better than anyone else.
Normal people are increasingly on to the liberal perverse use of language to push their agenda. Like DEI, anything other than what it claims to promote. I suggest you purge yourself of the woke mind virus
Really taking this to a relative level, how is any of this different than the obese Miss Alabama or transperson Miss Maryland? It is all about the same sick society, in my opinion.
Do you actually care about pagents at all? Who gives a sh!t? I submit to you that ALL pagents from the beginning of time are stupid. Do you care that the Governor of Arkansas (Sarah Sanders) is super fat and looks like a man?
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