[www.bloomberg.com]
Wall Street destroyed so many lives and got bailed out first in 2008 and 2020. Now, they're eating some of the pain lately. [www.cnbc.com]
Wallstreetbets reddit group is crushing hedge funds' shorts and hurting them in collective swarms. It's a casino and social justice thing taking place right now at the same time it feels.
If anyone hasn't seen it yet, the Tik Tok Investors Twitter page is a MUST READ (it collates kids'/teens'/YA's Tik Tok videos discussing investing):
[twitter.com]
The advice is often very bad, but it's an interesting read to see what's happening all across America right now.
This was the recent viral video everyone is laughing up (Chad and Jenny): [twitter.com]
Jesse Felder's son (10 years old), I believe, didn't have Fortnite friends to play with last year he said, because they were all trading the stock market! I've heard 5 and 6 year olds asking their parents to buy stocks and maids and janitor types getting in. . .
Edited 16 time(s). Last edit at 03/09/2021 12:15AM by shoptastic.
There's a small part of me that is enjoying this.@ wrote:
'It was at that point that the value trade thesis and the idea of forming an unofficial cooperative to swarm the stock coalesced into what would eventually push the shares to the promised land: a chance to inflict pain against Wall Street. For a change.'
Wall Street destroyed so many lives and got bailed out first in 2008 and 2020. Now, they're eating some of the pain lately. [www.cnbc.com]
It's surreal and like watching a movie right now. Kids taking their "stimmy" checks (as they call them) and gambling it up in the stock market - often buying call options in large droves to force brokers to hedge by buying the underlying stock themselves (driving up its price) and then short squeezing these hedge funds to death and forcing them to relent and bow out (driving up the price further)!@ wrote:
The power of the internet is bringing individual investors together to crush Wall Street hedge funds and other investment bigwigs. It’s a new trend that’s only just getting started, CNBC’s Jim Cramer said on Monday. . .
“I’ve never seen the guns like this,” Cramer said on “Squawk on the Street.” “They can break shorts.”
Wallstreetbets reddit group is crushing hedge funds' shorts and hurting them in collective swarms. It's a casino and social justice thing taking place right now at the same time it feels.
If anyone hasn't seen it yet, the Tik Tok Investors Twitter page is a MUST READ (it collates kids'/teens'/YA's Tik Tok videos discussing investing):
[twitter.com]
The advice is often very bad, but it's an interesting read to see what's happening all across America right now.
This was the recent viral video everyone is laughing up (Chad and Jenny): [twitter.com]
Jesse Felder's son (10 years old), I believe, didn't have Fortnite friends to play with last year he said, because they were all trading the stock market! I've heard 5 and 6 year olds asking their parents to buy stocks and maids and janitor types getting in. . .
Edited 16 time(s). Last edit at 03/09/2021 12:15AM by shoptastic.