My solution is workers owning the means of production and abolishing the government.
badfishy
this has nothing to do with loving billionaires, hedge funds , ...
but if you allow little guys(self described anyways) to effectively manipulate a stock price
then it's open season, everyone can do it
result? likely not good - most likely economic disaster
but not really a danger, legal actions are in the works from what I can see
and I don't mind the idea of greedy fucks getting smoked by the system
but smoking the whole system until it's a smoking crater?
puff puff - pass please
if they've been manipulating they should get the red hot poker in the dak place just like anybody elseThere is your fundamental flaw in the whole equation. You are OK with billionaire manipulation. Explain how $5b injections to Melvin is NOT market manipulation. If Melvin fails due to their irresponsible trading, tough shit. You have a problem with a $250 gme stock (only due to fat cat’s being called out on their fuckery) but look away from MANY manipulations ($5b injections, closing of RH, ameritrade halting trading) because they somehow earned it? Stockholm syndrome much?
if they've been manipulating they should get the red hot poker in the dak place just like anybody else
I did go over to CNBC since you've labeled me a CNBC fanboy(nothing to lose)
I did see a good byline, Cramer saying they should take their home run and sell
if they cash in good for them, a weakness in the system exposed
I'm more wary of it becoming the 'new' way for everyone to beat the market
just kind of watch and see the fallout, might be some overdue regulatory changes
and I will laugh if some greedy hedge funders get the no vaseline treatment
that the hedgefunders may have to change their practicesOf course Cramer is pushing to sell. Why would anybody sell when the cap possibilities are basically endless. Cramer also is saying Melvin has settled their positions. They haven’t. They have sold their shorts to other funds which then sells them back to Melvin. Rinse and repeat. Every ‘sale’ drives share prices down. This is a 1900’s smoke and mirrors circus act using boomers retirement funds as the main attraction. Sure you can hope for more regulations, but that doesn’t help the 130% short that has already happened. As far as becoming the new way to beat the system, it can ONLY happen again IF the hedge funds you love so much continue with their bullshit ways. Other than willful ignorance, their is NO way you can pin this on retail sellers.
that the hedgefunders may have to change their practices
no problem with that, things change and you must adapt
just part of the landscape
but it would make a lot more sense for some to make their money and move on
may not be 'fair' but bringing the system down will not get you more real money
just the opposite actually, an economic wasteland benefits no one
A is the idealEither you and I
A. have the same access to play in the economic system
B. We can only participate in the economy when it is beneficial to ONLY some suits/ corporate overlords.
You are ok with B. I’m glad you not only are ok with, but PROMOTE class warfare between the billionaires and the working class. Cool, get in line with the rest of the cattle. Your overlords thank you.
One last question though, in your mind, how are you ok with the commoner taking it on the chin to protect a billionaires 5 properties and hundred million dollar yachts? Seems you enjoy your position or paycheck to paycheck. No desire for financial security?
A is the ideal
love A, should be A, but it's not
reality is somewhere in between
you see me in B, that's your perspective but it's just your perspective
now it would be good if the current situation can be laid at the billionaire's doorstep
sadly what they have done is probably legal(mostly)
so let the current situation unwind
then do a little system fixing, new law or better enforcement
it won't take us to the land of the pink Unicorn( choice A)
but it will improve things
there is no more Wall Street, been dead for yearsWeak sauce.
Did you also think Occupy Wall Street was "dangerous"?
Many people see the beloved U.S. economy for what it is: class warfare. How long should the money flow upward and never back to the people? We should wait and hope they eventually do the right thing? Thousands of years of history say that doesn't work.