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Re: Gamestop
Posted: Fri Jan 29, 2021 11:31 am
by PhDhawk
The only place I know that seems to be on the side of Wall Street, besides gutter, is CNBC. And according to mediabiasfactcheck.com CNBC has a left-of center bias.
Re: Gamestop
Posted: Fri Jan 29, 2021 11:33 am
by pdub
I don't think our current establishment has the gumption to really go after the big guys...because a lot of the big guys are helping the establishment stay elected.
Nothing to do with left or right.
A tax on the wealth is certainly a start - but I don't buy for a second that many/most of the Democrats in power have their pockets lined.
Re: Gamestop
Posted: Fri Jan 29, 2021 11:34 am
by ousdahl
Yeah I saw that. (Ted and AOC agreeing. I even posted the tweet)
Let’s not let it be just a tweet that comes and goes though. We need a focused, sustained message.
Of course, the Bernies of the world who have been preaching this shit for years get labeled as just too radical for Merica.
...temporarily embarrassed millionaires...
Re: Gamestop
Posted: Fri Jan 29, 2021 11:36 am
by TDub
ousdahl wrote: ↑Fri Jan 29, 2021 11:34 am
Yeah I saw that. (Ted and AOC agreeing. I even posted the tweet)
Then dont post asking the question what if he did X. When you already know he did X. Unless youre just posting bullshit for the sake of posting.
Re: Gamestop
Posted: Fri Jan 29, 2021 11:38 am
by Deleted User 89
PhDhawk wrote: ↑Fri Jan 29, 2021 11:18 am
TraditionKU wrote: ↑Fri Jan 29, 2021 11:08 am
it’s because too many of “the people” don’t vote in their own self-interest
I don't think that's the case.
I think people are grossly unaware of just how unfair the playing field is. How things are set up to maintain status quo, so there's not some sudden change to rally against. The extent of the influence the extremely rich have allows them to do what the do without really being noticed.
And then you couple that with the IRS admitting they don't investigate rich people anymore becuase it's too hard and they don't have the resources...I mean, IRS funding is never brought up in a debate or in a campaign promise. No one votes based on how the SEC is being directed.
but the only way to affect actual change along those avenues is legislatively
and that change only comes by electing the right legislators
Re: Gamestop
Posted: Fri Jan 29, 2021 11:40 am
by Deleted User 89
pdub wrote: ↑Fri Jan 29, 2021 11:33 am
I don't think our current establishment has the gumption to really go after the big guys...because a lot of the big guys are helping the establishment stay elected.
Nothing to do with left or right.
A tax on the wealth is certainly a start - but I don't buy for a second that many/most of the Democrats in power have their pockets lined.
^^^^^^
Re: Gamestop
Posted: Fri Jan 29, 2021 11:42 am
by PhDhawk
TraditionKU wrote: ↑Fri Jan 29, 2021 11:38 am
PhDhawk wrote: ↑Fri Jan 29, 2021 11:18 am
TraditionKU wrote: ↑Fri Jan 29, 2021 11:08 am
it’s because too many of “the people” don’t vote in their own self-interest
I don't think that's the case.
I think people are grossly unaware of just how unfair the playing field is. How things are set up to maintain status quo, so there's not some sudden change to rally against. The extent of the influence the extremely rich have allows them to do what the do without really being noticed.
And then you couple that with the IRS admitting they don't investigate rich people anymore becuase it's too hard and they don't have the resources...I mean, IRS funding is never brought up in a debate or in a campaign promise. No one votes based on how the SEC is being directed.
but the only way to affect actual change along those avenues is legislatively
and that change only comes by electing the right legislators
WSB are affecting actual change right now. What they're doing matters.
Let's get some tendies, and continue to hold. Diamond hands. To the moon.
Re: Gamestop
Posted: Fri Jan 29, 2021 11:45 am
by TDub
I have no idea what you just said
Re: Gamestop
Posted: Fri Jan 29, 2021 11:47 am
by PhDhawk
Grandma wrote: ↑Fri Jan 29, 2021 10:28 am
5 Questions.
1) So are some of you guys saying the SEC should basically be more like the NCAA?
2) We have a lot of people on here who are similar to Trad in terms of their "employer provided investment plan" and how they react (or don't react) to it.
Why are people such as Trad so different than people such as MICH in the way they view their "plan"?
3) Two part question. I'm all for the little guys making a lot of money. But at what expense? Who is it that ultimately bails out the little guys if/when they fail (lose most/all of their money)?
4) Anybody on here who has invested in GME, AMC, etc., a little bit leery of what may transpire in regards to their making money?
5) As I have said before, I'm not a sharp guy so maybe some of you can fill me in. Are some of the big guys (such as Ken Griffin) actually profiting off of the little guys doing their "day trading"?
Oh no Gutter, you were right...gasp. Now I AM leery of who's making money from this. It should be billionaires instead of this child.
https://www.mysanantonio.com/news/local ... 905836.php
Re: Gamestop
Posted: Fri Jan 29, 2021 11:48 am
by PhDhawk
TDub wrote: ↑Fri Jan 29, 2021 11:45 am
I have no idea what you just said
https://www.usnews.com/news/top-news/ar ... bets-lingo
Re: Gamestop
Posted: Fri Jan 29, 2021 11:50 am
by TDub
Hmm. That dumb shit almost makes me wanna cheer for the hedge funds. Not really, but that's some real stupid shit.
Re: Gamestop
Posted: Fri Jan 29, 2021 11:51 am
by Deleted User 89
TDub wrote: ↑Fri Jan 29, 2021 11:50 am
Hmm. That dumb shit almost makes me wanna cheer for the hedge funds. Not really, but that's some real stupid shit.
^^^^^
Re: Gamestop
Posted: Fri Jan 29, 2021 12:00 pm
by Deleted User 62
My 20 year old son was bragging last night about how they are really killing the big money hedge funders.
Not to pee on his parade, but I reminded him that they will be drowning their sorrows in Miami this weekend in a 4 million dollar waterfront full of super hot 20 somethings. Maybe go for a spin in their 200' yacht.
He will be going to serve sushi.
Re: Gamestop
Posted: Fri Jan 29, 2021 12:01 pm
by Deleted User 289
PhDhawk wrote: ↑Fri Jan 29, 2021 11:31 am
The only place I know that seems to be on the side of Wall Street, besides gutter, is CNBC. And according to mediabiasfactcheck.com CNBC has a left-of center bias.
I’m not on either “side”. I’m trying to realize and understand how this impacts BOTH sides.
I know people such as Ken Griffin do a lot more GOOD for EVERYONE than 90% of those who cast him as Satan (or at least the “enemy”.
It’s pretty simple logic that when those with money no longer have money to do good things for EVERYONE with their money, we ALL lose.
Re: Gamestop
Posted: Fri Jan 29, 2021 12:03 pm
by Deleted User 89
PhDhawk wrote: ↑Fri Jan 29, 2021 11:42 am
TraditionKU wrote: ↑Fri Jan 29, 2021 11:38 am
PhDhawk wrote: ↑Fri Jan 29, 2021 11:18 am
I don't think that's the case.
I think people are grossly unaware of just how unfair the playing field is. How things are set up to maintain status quo, so there's not some sudden change to rally against. The extent of the influence the extremely rich have allows them to do what the do without really being noticed.
And then you couple that with the IRS admitting they don't investigate rich people anymore becuase it's too hard and they don't have the resources...I mean, IRS funding is never brought up in a debate or in a campaign promise. No one votes based on how the SEC is being directed.
but the only way to affect actual change along those avenues is legislatively
and that change only comes by electing the right legislators
WSB are affecting actual change right now. What they're doing matters.
Let's get some tendies, and continue to hold. Diamond hands. To the moon.
what change is happening that is positively benefitting them?
maybe i’m wrong, but it seems the changes are benefitting the big boys
Re: Gamestop
Posted: Fri Jan 29, 2021 12:09 pm
by Deleted User 289
The irony of some of you not wanting to comprehend this fact....
I’m currently sitting at Northwestern Hospital waiting to take home a person who has given a lot of his money to very good causes. He’s made a lot of people’s lives a whole lot better because of his generosity. I’m in the Galter Pavilion near the Lurie Children’s Hospital.
Without Galter, Lurie, Lavin, Feinberg, etc., Northwestern has to rely on little assholeS like you and I. How would that work out for ALL of us? So please forgive me if I have a soft spot for wealthy people who do good things for others and the world and my not taking joy in their losing money.
Re: Gamestop
Posted: Fri Jan 29, 2021 12:12 pm
by Deleted User 89
were the names you mention big players in the stock market?
Re: Gamestop
Posted: Fri Jan 29, 2021 12:18 pm
by pdub
Gutter is simultaneously on hedgefundsrule.biz defending the little guy.
Re: Gamestop
Posted: Fri Jan 29, 2021 12:20 pm
by pdub
And if the wealth were distributed more evenly, that wouldn't mean that hospitals wouldn't exist. Or they would be underfunded. On the contrary most likely.
Re: Gamestop
Posted: Fri Jan 29, 2021 12:23 pm
by PhDhawk
I don't have a problem with wealthy people. I don't have a problem with someone investing money and then making more money. But I do have a problem that it's not a level playing field.
I also think it's gross and immoral to bet that a publicly traded company will fail and then getting rich off of that. If you make your money off short sales, or selling meth, or by stealing, I don't think the fact that you gave some of it to charity or started a scholarship fund means you didn't get rich in a shitty way.
I hope that when u/deepfuckingvalue sells his stock and nets the $50 million that he does something good with the money. I don't think that people who get rich in a questionable way are the only ones who can do something good with their money. I don't think people running hedgefunds are the only ones to ever fund a hospital, or library, or university building.