I'm still not sure to what degree the events with GME were a self-fulfilling prophecy and to what degree /u/DeepFuckingValue actually timed the market. We don't really have that much insight into...
I'm still not sure to what degree the events with GME were a self-fulfilling prophecy and to what degree /u/DeepFuckingValue actually timed the market. We don't really have that much insight into the inner workings of the stock market. Even when billions of dollars were supposedly moving around on GME you really couldn't tell. News would leak that a hedge fund just closed out everything they had for billions of dollars and GME had barely moved in a couple of days. It tanked when FUD kicked in after Robinhood and other platforms killed access to purchase shares.
All throughout the big squeeze crackpot theories would come up explaining the happenings of the last day. Always with a suspicious degree of certainty. A r/WallStreetBets poster would circle a few candles and sticks on their chart and describe the exact blows they corresponded to between the David retail traders and Goliath hedge funds. It's no different than looking up at the stars and explaining history through the constellations.
I didn't really read too much of this. I'm sure that many of the claims are true. Rich people are doing fucky things with money. They didn't learn their lesson from 2008. Regulations aren't where they need to be. But holy hell. One redditor predicted a GME squeeze and now everyone thinks that WallStreetBets has figured out the stock market.
The post is nothing more than a summary of a documentary and a bunch of things that most people, including those in the sub, wouldn't understand that the OP thinks is somehow magically linked to...
The post is nothing more than a summary of a documentary and a bunch of things that most people, including those in the sub, wouldn't understand that the OP thinks is somehow magically linked to GME. It all comes down to one thing that none of them ever say out loud:
I need all of you to keep holding/buying because I haven't sold yet and I don't want to be the sucker left with an empty bag when it all comes crashing down.
They're playing an already high risk game and managed to get a lot of people that shouldn't even be playing Monopoly to buy into it with money they cannot afford to lose. There's going to be one hell of a fall out from this and I guarantee most of the replies will be something along the lines of "Sucks to be you."
I stopped reading after the first bullet point, so I don't have much to say about the thread. What I will say is that I did some financial planning late last year and found the Bogleheads Wiki to...
I stopped reading after the first bullet point, so I don't have much to say about the thread.
What I will say is that I did some financial planning late last year and found the Bogleheads Wiki to be incredibly useful, much moreso than the conjecture I often see on meme subreddits or the contradictory info that financial advice subreddits are full of. As someone who is lucky enough to be able to save money and doesn't trust financial advisors, I'm super glad I found that wiki.
Not financial advice, just my own personal experience as an idiot with an internet connection.
I'm still not sure to what degree the events with GME were a self-fulfilling prophecy and to what degree /u/DeepFuckingValue actually timed the market. We don't really have that much insight into the inner workings of the stock market. Even when billions of dollars were supposedly moving around on GME you really couldn't tell. News would leak that a hedge fund just closed out everything they had for billions of dollars and GME had barely moved in a couple of days. It tanked when FUD kicked in after Robinhood and other platforms killed access to purchase shares.
All throughout the big squeeze crackpot theories would come up explaining the happenings of the last day. Always with a suspicious degree of certainty. A r/WallStreetBets poster would circle a few candles and sticks on their chart and describe the exact blows they corresponded to between the David retail traders and Goliath hedge funds. It's no different than looking up at the stars and explaining history through the constellations.
I didn't really read too much of this. I'm sure that many of the claims are true. Rich people are doing fucky things with money. They didn't learn their lesson from 2008. Regulations aren't where they need to be. But holy hell. One redditor predicted a GME squeeze and now everyone thinks that WallStreetBets has figured out the stock market.
The post is nothing more than a summary of a documentary and a bunch of things that most people, including those in the sub, wouldn't understand that the OP thinks is somehow magically linked to GME. It all comes down to one thing that none of them ever say out loud:
They're playing an already high risk game and managed to get a lot of people that shouldn't even be playing Monopoly to buy into it with money they cannot afford to lose. There's going to be one hell of a fall out from this and I guarantee most of the replies will be something along the lines of "Sucks to be you."
I stopped reading after the first bullet point, so I don't have much to say about the thread.
What I will say is that I did some financial planning late last year and found the Bogleheads Wiki to be incredibly useful, much moreso than the conjecture I often see on meme subreddits or the contradictory info that financial advice subreddits are full of. As someone who is lucky enough to be able to save money and doesn't trust financial advisors, I'm super glad I found that wiki.
Not financial advice, just my own personal experience as an idiot with an internet connection.
I found this to be an interesting read, although I don't know too much about finance and don't read a lot about this topic.