Gamestop

[Deleted User 289]

The stock market has been a "game" for a very long time. Some win, some lose.
I'm wondering what if any credit and accountability the folks at (and on) Reddit and WallStreetBets took for people making a lot of money - and if they are now taking as much accountability (as the credit they took) for those who have lost a lot of money.
Of course their defense is and should be - we didn't make anyone invest.
Does anybody on here believe that the "little guys" are going to walk away unscathed and those who set this "gimmick" in to motion aren't going to bear some responsibility and suffer consequences?
I can all but assure people that the "big guys" of the world are not going to let the "little guys" fuck them over - going forward.
Stay tuned.......

[ousdahl]

When a poor little hedge fund manager is feeling down and out, how do they pick which vacation home to go collect themselves about it? Or do they just spend some time on their yacht?

[NDballer13]

The stock market has been a "game" for a very long time. Some win, some lose.

That's the problem everyone is complaining about today. The normal losers are now winning and the normal winners are now losing. So, instead of letting the game play out, the normal winners turned the game off.

Take when Virginia lost to UMBC. How would it look if Virginia called timeout in the middle of the second half and changed the rules so UMBC couldn't score anymore until Virginia made enough shots to get back in the game?

[NewtonHawk11]

The stock market has been a "game" for a very long time. Some win, some lose.

That's the problem everyone is complaining about today. The normal losers are now winning and the normal winners are now losing. So, instead of letting the game play out, the normal winners turned the game off.

Take when Virginia lost to UMBC. How would it look if Virginia called timeout in the middle of the second half and changed the rules so UMBC couldn't score anymore until Virginia made enough shots to get back in the game?

100% accurate.

[CrimsonNBlue]

The stock market has been a "game" for a very long time. Some win, some lose.

That's the problem everyone is complaining about today. The normal losers are now winning and the normal winners are now losing. So, instead of letting the game play out, the normal winners turned the game off.

Take when Virginia lost to UMBC. How would it look if Virginia called timeout in the middle of the second half and changed the rules so UMBC couldn't score anymore until Virginia made enough shots to get back in the game?

This is essentially similar to the same argument that people make when arguing the existence of systemic racism, if anyone was on the fence about the villains existing.

[Deleted User 289]

When a poor little hedge fund manager is feeling down and out, how do they pick which vacation home to go collect themselves about it? Or do they just spend some time on their yacht?

I don't have the answer/s but I do know most hedge fund managers are not involved in what has taken place. That's like assuming most wealthy people got fucked over by Madoff.
Those who have been negatively impacted, my guess is their wealthy friends are bailing them out.

[Deleted User 289]

The stock market has been a "game" for a very long time. Some win, some lose.

That's the problem everyone is complaining about today. The normal losers are now winning and the normal winners are now losing. So, instead of letting the game play out, the normal winners turned the game off.

Take when Virginia lost to UMBC. How would it look if Virginia called timeout in the middle of the second half and changed the rules so UMBC couldn't score anymore until Virginia made enough shots to get back in the game?

100% accurate.

No. Not 100% accurate.
I ask the BOTH of you.....

Who is "everyone" that is complaining?
Who are the "normal losers" and who are the "normal winners"?
Who are the "normal winners" that turned the game off?

[pdub]

The stock market has been a "game" for a very long time. Some win, some lose.

That's the problem everyone is complaining about today. The normal losers are now winning and the normal winners are now losing. So, instead of letting the game play out, the normal winners turned the game off.

Take when Virginia lost to UMBC. How would it look if Virginia called timeout in the middle of the second half and changed the rules so UMBC couldn't score anymore until Virginia made enough shots to get back in the game?

100% accurate.

Yup.

[ousdahl]

The ironic part is, those who changed the rules are also the types likely to sing the praises of the free market

[pdub]

Everyone complaining are the tens of thousands of small time investors who don't have the capital to throw their money around and move markets ( while likely also getting insider tips ).

The normal losers are the people without that foot ( well not foot, entire fucking body ) in the door.
Who don't have that money.
Who get screwed out of their money by big banks/investment firms who fuck around with the system only to be bailed out when it crashes ( 2008 ).

The normal winners who turned the game off are the big money investors/trade groups ( i.e. Citadel ) who influenced apps like Robinhood where many of these small time investors trade to freeze their stock.

[jfish26]

The ironic part is, those who changed the rules are also the types likely to sing the praises of the free market

Because, as we know from other situations near and dear to this board, what it's really about is consolidating power and influence, and keeping the little guys little.

The other stuff ("free markets"; "student-athlete") is eyewash.

[NewtonHawk11]

That's the problem everyone is complaining about today. The normal losers are now winning and the normal winners are now losing. So, instead of letting the game play out, the normal winners turned the game off.

Take when Virginia lost to UMBC. How would it look if Virginia called timeout in the middle of the second half and changed the rules so UMBC couldn't score anymore until Virginia made enough shots to get back in the game?

100% accurate.

No. Not 100% accurate.
I ask the BOTH of you.....

Who is "everyone" that is complaining?
Who are the "normal losers" and who are the "normal winners"?
Who are the "normal winners" that turned the game off?

Look at the stock market like a casino.

The normal losers are the average joes like you and me. We likely lose more often than we win. Vegas wasn't built because a lot of people won.

The normal winners are the hedge fund guys and billionaires. They were tricked, they lost a shit ton of money and now they are bitching about it because the common folk built something and unified against them.

[pdub]

Nokia stocks took a hit.
I'll be hanging on for principle sake.
I wonder when/if Robinhood will open those to the public again ( and TD Ameritrade and others restrict buying of them - i.e. a max bet ).

[CrimsonNBlue]

[pdub]

lolz.

[NDballer13]

Gutter?

[Deleted User 289]

Thank you to pdub and Newton for your responses!
I was confused because it sure seemed backwards. I thought the "little guys" were the winners and the "big guys" were the losers this past week.
I didn't realize we were talking about life before this happened.

My worthless 2 cents.

You have $100. You are free to invest that $100 as you choose. You have $100,000,000 you are free to invest that $100,000,000 as you choose. To me, that's fair. Is it fair that your $100 investment doesn't "manipulate" the market as much as $100,000,000 does? That's for you to decide but I don't think it's unfair.

If you take your $100 and invest it in a stock that goes up 20%. The guy/group who invested $100,000,000 makes more money than you do but they don't get more than the 20% return you're getting.
So to me, that's fair.

I didn't understand the wording/logic of turning off the game and changing the rules mid game.
If the Ken Griffins of the world "turned off the game" then I admit I have mixed feelings.
I'm not going to go in to details right now why I say that.

As far as the Hedge Fund Mangers being "tricked", sucks to be them. They know the game well. They took risk and that risk led to big loses. You CAN win them all but you're not going to win them all.
The problem I foresee is that is the "normal losers" don't know the game as well and in the long run - it's going to fuck THEM over a lot worse than it's going to fuck over the Hedge Fund guys.
I'm not going to pretend to figure out what is "fair" and "unfair" in terms of the Hedge Fund guys "bitching" but I am going to say if the Hedge Fund guys go broke - we ALL will suffer in the long run.

[Deleted User 289]

Gutter?

No, I'm not Lee Cooperman but I wish I had a 10th of his money.

[pdub]

"The problem I foresee is that is the "normal losers" don't know the game as well and in the long run - it's going to fuck THEM over a lot worse than it's going to fuck over the Hedge Fund guys."

True.
But that's kind of the problem at the heart of this.

[NDballer13]

Gutter?

No, I'm not Lee Cooperman but I wish I had a 10th of his money.

I'll agree with you on that one, lol.