There's no easy way to regulate it it. What are they going to do, ban people from buying a stock if someone has a short position on it? Ban people from posting on social media about their positions?
There is no way to prevent people from doing this without restricting trading overall.
My guess is they won't restrict what we the people can do. They will empower the brokerages and stock exchanges to more aggressively do what we saw them doing today, stopping trading and protecting the industry players. You're going to see Biden's admin legalize taking their ball and going home if they take a loss.
The hedge fund is the party who fucked up. They created a situation where they were extremely illiquid and bragged about it publicly. The only people who should really face consequences are the PM's
The Plebs cannot be allowed to organize a stand against ANYTHING the Democrat-owning Billionaires want to do. That includes shorting and bankrupting a company with thousands of employees, to make a short term gain.
Hopefully we're smart enough this time to make sure the ones causing the problems can't skip out like they did the last time leaving others to take the blame and punishment for things they didn't do.
It'll likely be a situation where if any stock starts to rocket without news they'll instantly freeze it and cancel any trades that come in for that stock.
Congressional members will of course be immune to such penalties. After all they only need to stop the rabble from playing the game, they can't be prevented from taking their "fair share."
How do you become a president and not be able to understand this situation. The hedge funds fucked up. Here is what is going to happen plain and simple: a bailout to the hedge funds.
its going to be fucking epic to watch heads explode if there's a bailout that makes to to the books before the stimulus checks get cut. I don't think the MSM can handle that type of shit.
Anything bad that happens during at least the next 4 years will be trumps fault. Maybe for the next several decades. Anything good that happens was 100% them.
Wait until they see what we are going to do to the paper silver market this morning where prices are super suppressed at $25.25. JPMorgan and Bank of America will be begging for mercy as we unleash a Kraken Can of Whoopass on the banking cabal. Silver stackers will finally get their physical silver priced according to the market.
They're going to sic the feds on the people doing it. The SEC is going to roll back those stocks and freeze trading on them. Then they're going to seize the assets and arrest anyone involved with Financial Fraud.
They do that, every normie pulls out of the market, then en masse, pull a full bank runs. It all collapses. There is no more rich/poor. It's all pretty much poor. Everyone will be exchanging bottle caps...
I agree. Bottle caps was a gaming reference, from the game Fallout. A game where you survive the wasteland after the collapse of civilization. Bottle caps are the currency ;)
Technically water is the actual currency, you just can't realistically carry around 500 gallons of it easily which is why they subbed in caps.
It's funny really. A fictional universe cared more about it's economy and making sure the stand in for the currency was properly backed by that currency and hard to counterfeit than the real world that actually matters.
Because retail investors are there to serve the hedge funds.
You get to play run on the rat wheel and hope you don’t get crushed when we manipulate the market to make billions
A lot of really rich assholes lost a lot of money. But worse than that. A lot of really rich assholes who have so much money they just use it to keep score when competing against other rich assholes just lost in a really big and humiliating way
There's more complexity here. It's low volume and theyb had significant open short positions. A hedge fund should've never gotten itself into the position but they're really fucked. To exit their short, they need to buy shares, compounding the forces driving up the price. Since so many people are buying, they have to pay a premium to close their short anyway, and they literally need to buy more shares than exist for the company. They're in a bad place and it's all their fault.
Mass coordination is the problem, according to them. The elites are your enemy. They support the great reset because it brings socialism, which is the complete elimination of the middle class. Power is consolidated into one smaller group. Entrepreneurialism will eventually be outlawed. This is America’s future—the world’s future, whether we like it or not.
You'll never be able to own a business unless it's Willed to you through family in the future. It'd be illegal to start up your own small lawn care service because, it cuts into the profits of Apple's new iMower 5G+ super.
Reddit just took it down, a sub with 3.4 MILLION subscribers. You did not think the censorship was going to end with Trump, once the Liberal Fascists started, did you?
No one needs to do anything. This is the normal operation of the market. The same people complaining now drove down GME stock price in the first place by holding more short positions than the company was worth.
“Totally clueless” is the illegitimate administration in a nutshell. They don’t understand anything more complicated than “arrest political opponent” and “drone strike Middle East”.
The WONDEROUS joy of politics; Your politicians are generally utterly incompetent in every area they "get" to make decisions over and are only good at playing the game (which is primarily fund raising and shoulder rubbing).
The left and right watching and laughing and/or working to upset the crooked norm of our ruling class. I imagine that's not what China Joe meant when he said that we need to heal and unify.
It must terrify the establishment to watch the left and right join forces in harmonious autism to fuck with their sugar daddies. I hope this is just the beginning, I hope they don't understand it, and I hope they never it see it coming.
Of course President Pedo Potato and his cabinet of mindless troglodytes don't understand the gravity of the situation.
But you know damn well they are heading to the drawing board to add more regulations to put a stop to this.
It's one big circle jerk of insanely retarded morons.
This is what happens when you take a day off. Could someone ELI5 what’s going on with GameStop? I’m a little confused Gandalf over here... Is GameStop the current bastion of freedom?
A bunch of big hedge funds decided to short the stock of GameStop (basically betting that it would go bankrupt and they could profit from it). A bunch of Redditors from r/WallStreetBets got mad at this and started buying stock in GameStop to drive up the price. Now major hedge funds are going to lose billions of dollars over it because the price of GameStop stock has exploded in the last couple of days.
tl;dr: The plebs rebelled against the elites by buying stock in a dying company. Now Wall Street is in chaos.
So basically they’re buying gamestop shares and instead of selling them back so the hedge funds can close out their positions, they’re dumping them in the river?????
To add on to siberianorchestras comment, because it's a little bit more complex then that.
So first off, if you're shorting a stock, you're basically saying to someone: "Hey, let me borrow 1 share, and I'll give 1 share back to you in X time". The person then sells the share at say, $100, and 2 weeks later if the share drops as planned... they buy it back at say $80, and give the share back, effectively profiting $20. The person loaning the share get's interest in the mean time.
So now we have this hedge fund that massively shorted GME, so much so that the amount of shares needed to cover the short is 140% of the shorts available (naked shorting, which is illegal).
If the short worked and GME went bankrupt, this wouldn't really be an issue, because they'd literally just buy the same stocks multiple times to cover the 140%. It's also important to note that many times when big funds take such huge short positions like this, the act itself hurts the company, so its viewed as kind of scummy.
Enter Reddit WSB autists.
They said: "Fuck this hedge fund trying to manipulate the market, lets buy the shit out of GME".
So instead of the share price dropping, it rises. So now, this hedge fund is on the hook to pay back all these shares. And remember, they need to pay back 140% of the shares that actually are available and liquid. They were expecting to do this at extremely low prices. Now the stock price has sky rocketed, and they need to buy these shares at extremely high prices... but the WSB autists aren't selling.
The reason they aren't selling is that these hedge funds HAVE to buy these shares. And again, they need to buy 140% of the shares that even exist. It's a guaranteed sellers market and these guys are in a position where they have to buy.
Stop being mean Jack Posobiec. You're badmouthing a senile confused old man. He needs his wife to hold his hand and remind him what century it is, and that he wasn't running against Bush...
There's no easy way to regulate it it. What are they going to do, ban people from buying a stock if someone has a short position on it? Ban people from posting on social media about their positions?
There is no way to prevent people from doing this without restricting trading overall.
My guess is they won't restrict what we the people can do. They will empower the brokerages and stock exchanges to more aggressively do what we saw them doing today, stopping trading and protecting the industry players. You're going to see Biden's admin legalize taking their ball and going home if they take a loss.
If they do anything at all expect some kind of middleman bureaucracy that "vets" potential traders that they'll suarcoat as "adding more jobs".
Don't give them any ideas
The hedge fund is the party who fucked up. They created a situation where they were extremely illiquid and bragged about it publicly. The only people who should really face consequences are the PM's
This wouldn’t have happened if they did what their name said and hedged their bets
The Plebs cannot be allowed to organize a stand against ANYTHING the Democrat-owning Billionaires want to do. That includes shorting and bankrupting a company with thousands of employees, to make a short term gain.
Welcome to Germany, 1938 folks....
Hopefully we're smart enough this time to make sure the ones causing the problems can't skip out like they did the last time leaving others to take the blame and punishment for things they didn't do.
ban people from standing up to the corruptocracy. Punishment by concentration camp no bail.
Spez: Woketocratic oligarchy
It'll likely be a situation where if any stock starts to rocket without news they'll instantly freeze it and cancel any trades that come in for that stock.
essentially a casino when you've won too much. Yes, the corruption is that fucking obvious
Congressional members will of course be immune to such penalties. After all they only need to stop the rabble from playing the game, they can't be prevented from taking their "fair share."
Yea, lobbyist are going to hand them some pre-written bill and they'll push it through.
How do you become a president and not be able to understand this situation. The hedge funds fucked up. Here is what is going to happen plain and simple: a bailout to the hedge funds.
He's not president.
True this is.
He’s not president, but if he were, the answer would be “fraud”.
its going to be fucking epic to watch heads explode if there's a bailout that makes to to the books before the stimulus checks get cut. I don't think the MSM can handle that type of shit.
You underestimate their power of mental gymnastics.
I saw a headline today that the GameStop situation is Trump's fault.
Anything bad that happens during at least the next 4 years will be trumps fault. Maybe for the next several decades. Anything good that happens was 100% them.
These people are insufferable assholes.
But we have to suffer them
The news won’t cover it, that’s how they’ll play that card.
Wait until they see what we are going to do to the paper silver market this morning where prices are super suppressed at $25.25. JPMorgan and Bank of America will be begging for mercy as we unleash a Kraken Can of Whoopass on the banking cabal. Silver stackers will finally get their physical silver priced according to the market.
Too big to fail. I remember that term, do you?
This whole system will come crashing down soon enough.
How do we emerge victorious? And not like Venezuela?
Keep our firearms. That's how you deal with tyrants.
BIden doesn't even know he's alive
He emailed Corn Pop but he hasn't written back yet.
But isn't Biden smrty smart? Certainly he'll use his leadership and business experience to solve their little problem.
Oh wait that was the last President.
They're fuckity fuck fucked.
Joe should just ask Hunter what to do.
Biden Defends Hunter as 'Smartest Man I Know'
Step 1: Smoke some crack
Step 2: Forget about step 2, step 1 is the most important step, go back to step 1
They're going to sic the feds on the people doing it. The SEC is going to roll back those stocks and freeze trading on them. Then they're going to seize the assets and arrest anyone involved with Financial Fraud.
They do that, every normie pulls out of the market, then en masse, pull a full bank runs. It all collapses. There is no more rich/poor. It's all pretty much poor. Everyone will be exchanging bottle caps...
I agree with this. Some things are a dangerous game. Math keeps score.
Uhh guys I’m starting to think this is the catalyst for the great reset
I’m with you.
Ammo is gonna be the currency of the free and prosperous.
I agree. Bottle caps was a gaming reference, from the game Fallout. A game where you survive the wasteland after the collapse of civilization. Bottle caps are the currency ;)
Technically water is the actual currency, you just can't realistically carry around 500 gallons of it easily which is why they subbed in caps.
It's funny really. A fictional universe cared more about it's economy and making sure the stand in for the currency was properly backed by that currency and hard to counterfeit than the real world that actually matters.
Ammo is already the currency of the properous. Even bullshit stupid rounds nobody uses like .50 Bae went up to like $2.30 / round.
So, I started making a Fallout playlist....
So a good chunk of Biden's 40 million voters will be arrested? Solid political play, bring it on!
And dipshits will insist that the free market is anything but a myth.
So.....where’s the fraud? The system is working as designed.
Why? What exactly is illegal about people buying an asset if they want it?
None of this should be illegal.
It's open source market manipulation. It's ok for the brokerage firms to do it why can't we the people also do it?
We're all aware the stock is overvalued, but people want it anyways. I frankly don't see the problem.
It's the hedge funds' fault they are in this position.
but big $ donors aren't getting to fuck people over in the market, that's not how they pay for it to work!
Because retail investors are there to serve the hedge funds.
You get to play run on the rat wheel and hope you don’t get crushed when we manipulate the market to make billions
A lot of really rich assholes lost a lot of money. But worse than that. A lot of really rich assholes who have so much money they just use it to keep score when competing against other rich assholes just lost in a really big and humiliating way
This wild ride is just getting started
Paper silver is looking sweet and suppressed at $25.25 this morning. Is it ready to be gamestopped?
A group of people bought a cheap stock, it went up in price. The stock was sold, the people made money.
This happens every day, the only difference is mass coordination.
How could these people not understand?
There's more complexity here. It's low volume and theyb had significant open short positions. A hedge fund should've never gotten itself into the position but they're really fucked. To exit their short, they need to buy shares, compounding the forces driving up the price. Since so many people are buying, they have to pay a premium to close their short anyway, and they literally need to buy more shares than exist for the company. They're in a bad place and it's all their fault.
How hilarious would it be if none of the banks could pay the loan, and the Fed ends up printing money to buy these stocks up.
Gahh I miss Trump for so many reasons...
What printing money for the peasants without giving israel a cut? Unthinkable
We have more votes than voters. It's fine! You just don't understand Common Core 1619 Project math.
I mean maths, like they say in Harry Potter
The difference is this is actually possible without fraud. The election was definitely fraud.
Mass coordination is the problem, according to them. The elites are your enemy. They support the great reset because it brings socialism, which is the complete elimination of the middle class. Power is consolidated into one smaller group. Entrepreneurialism will eventually be outlawed. This is America’s future—the world’s future, whether we like it or not.
You'll never be able to own a business unless it's Willed to you through family in the future. It'd be illegal to start up your own small lawn care service because, it cuts into the profits of Apple's new iMower 5G+ super.
Yeah I could see this happening.
Reddit just took it down, a sub with 3.4 MILLION subscribers. You did not think the censorship was going to end with Trump, once the Liberal Fascists started, did you?
WSB has gone private, likely the mods choice with the huge influx of people over the last few days
Lol..no. The mods were digging the fever pitch of the sub
I was wrong and I admit it. I take back my bullshit.
Wsb has a history of going public and private
reddit will eventually only be gonewild and politics
The sub is back up brother. Just an FYI. Read and enjoy! 🤗🇺🇸
They have no idea what to do about anything.
They had a great CHINA VIRUS plan. /s
You guys don't know the cabal at all. They're not going to lose an optics game. They're going to create a great big distraction.
I can't understand you when you have Big Mike's dick in your mouth!
That must have been the least gay post u/Barack-Obama2 has made.
Perhaps big mike needed a break?
9-11 part 2?
No one needs to do anything. This is the normal operation of the market. The same people complaining now drove down GME stock price in the first place by holding more short positions than the company was worth.
“Totally clueless” is the illegitimate administration in a nutshell. They don’t understand anything more complicated than “arrest political opponent” and “drone strike Middle East”.
but the treasury secretary is female you bigot!
"Clueless Joe" is the new "Shoeless Joe" Jackson
Imagine if Trump still had Twitter and tweeted what Elon Musk tweeted.
They’d probably go for a 3rd impeachment lol
Although the I don’t think he would. I think he’d leave it. Him not saying anything about it would drive the media frenzy more
“Why won’t you condemn etc”
The only thing the government knows is using violence to control , steal, and murder.
The WONDEROUS joy of politics; Your politicians are generally utterly incompetent in every area they "get" to make decisions over and are only good at playing the game (which is primarily fund raising and shoulder rubbing).
What a fucking sham.
I bet the Press Secretary said "we'll circle back."
I bet this new Press Secretary doesn't even own a binder.
Nah, she enthusiastically pointed out that the new Treasury Secretary has a vagina, not a penis.
If that doesn’t answer everyone’s questions, I don’t know what will.
The left and right watching and laughing and/or working to upset the crooked norm of our ruling class. I imagine that's not what China Joe meant when he said that we need to heal and unify.
The Great Unifier; everybody hates him.
It must terrify the establishment to watch the left and right join forces in harmonious autism to fuck with their sugar daddies. I hope this is just the beginning, I hope they don't understand it, and I hope they never it see it coming.
“This is what we get for vaccinating everyone …”
Maybe I don’t fully understand the situation but it sounds like they gambled and lost. Why exactly do we need to do something here?
It isn't that complicated. Brokers took a risk thinking it was an easy win. Turns out, it wasn't an easy win.
This is the issue with government.
You don't have to do anything and you don't (or at least shouldn't) have the authority to do anything.
Of course President Pedo Potato and his cabinet of mindless troglodytes don't understand the gravity of the situation. But you know damn well they are heading to the drawing board to add more regulations to put a stop to this. It's one big circle jerk of insanely retarded morons.
Please let's not use the word president in the context of a Alzheimer's patient
"Hey Fat, Isn't that one of them there places where they have the Nintendo's and you can do, the, you know, they thing?"
There is nothing to be done. I want to see some hedge funds get obliterated.
Maybe playing dumb while they figure out how to get "10% for the big guy" from players that just lost billions.
This is what happens when you take a day off. Could someone ELI5 what’s going on with GameStop? I’m a little confused Gandalf over here... Is GameStop the current bastion of freedom?
A bunch of big hedge funds decided to short the stock of GameStop (basically betting that it would go bankrupt and they could profit from it). A bunch of Redditors from r/WallStreetBets got mad at this and started buying stock in GameStop to drive up the price. Now major hedge funds are going to lose billions of dollars over it because the price of GameStop stock has exploded in the last couple of days.
tl;dr: The plebs rebelled against the elites by buying stock in a dying company. Now Wall Street is in chaos.
So basically they’re buying gamestop shares and instead of selling them back so the hedge funds can close out their positions, they’re dumping them in the river?????
yep, the plan is to eventually sell it but squeeze it as high as it can go.
To add on to siberianorchestras comment, because it's a little bit more complex then that.
So first off, if you're shorting a stock, you're basically saying to someone: "Hey, let me borrow 1 share, and I'll give 1 share back to you in X time". The person then sells the share at say, $100, and 2 weeks later if the share drops as planned... they buy it back at say $80, and give the share back, effectively profiting $20. The person loaning the share get's interest in the mean time.
So now we have this hedge fund that massively shorted GME, so much so that the amount of shares needed to cover the short is 140% of the shorts available (naked shorting, which is illegal).
If the short worked and GME went bankrupt, this wouldn't really be an issue, because they'd literally just buy the same stocks multiple times to cover the 140%. It's also important to note that many times when big funds take such huge short positions like this, the act itself hurts the company, so its viewed as kind of scummy.
Enter Reddit WSB autists.
They said: "Fuck this hedge fund trying to manipulate the market, lets buy the shit out of GME".
So instead of the share price dropping, it rises. So now, this hedge fund is on the hook to pay back all these shares. And remember, they need to pay back 140% of the shares that actually are available and liquid. They were expecting to do this at extremely low prices. Now the stock price has sky rocketed, and they need to buy these shares at extremely high prices... but the WSB autists aren't selling.
The reason they aren't selling is that these hedge funds HAVE to buy these shares. And again, they need to buy 140% of the shares that even exist. It's a guaranteed sellers market and these guys are in a position where they have to buy.
Epic reply. Do it again
Of course they don't, they're idiots.
Biden's people have no fucking clue about a lot of things
I don't trust posobiec at all but I sure hope this is true
You’re not alone
Citibank didn’t pick this cabinet???
Thanks, Jack. Glad you can share more rumors with us. Larping asshole.
Lol, first week and they don’t know what to do
Good. They don't see the writing on the wall, so the momentum will continue to build against the uniparty and the globalists.
Why is Biden's team calling the office of Kelly Loeffler's husband to explain to them what's happening at the stock market?
Because Raphael Warnock is away at camp preying. I mean praying
They don’t need to do a thing the market worked
ENFORCE THE FUCKING LAWS EQUALLY AND FAIRLY, AS THE PRESIDENT IS SUPPOSED TO DO. MAKE SURE THE MARKET IS FREE OF GOVERNMENT INTERFERENCE.
But Democrats are in charge, so the opposite will probably happen.
You know who would get it? A certain Mr. Donald J. Trump GEOTUS of the Office of the Former President.
With how these retards think, they'd put an extra tax on anyone making 'n' amount in a given time.
Like that 100% plus you made in 24 hours? Aww shit, BidenTax time!
I don't think its a good idea, just that these fucks never stop with the tax add-ons.
Nothing. Nothing is what they should do. Let these hedge fund shitheads go broke. We are only playing by their own rules
The solution is easy, ban downloadable games and GameStop will start making enough money to support that stock price.
What is there to do? Stocks aren't guaranteed, anyone can buy and sell them whenever they want for whatever reason they want.
I’m sure Schumer will soon be calling them ‘thugs’ on the floor of the senate.
Complete disconnect from the 99%
Why should he even care?
Knowing how stupid they are, they'll probably ban short selling.
there is an answer and it is making people who buy stock pay for all of it at the time of purchase....get rid of buying short and problems fixed.
How about they just stay the fuck out of the "FREE MARKET"?
Simple. The irs will raid GME and force bankruptcy. They'll file bogus charges and weigh gamestop down and sabotage the corporation.
A door pull was spotted at one, and a "MA'AM!!" was misgendered at another. Time to send in the Wokequistion and the Wytchfubder General
Gender, Queer Theory, and Intersectional Africana Studies didn't cover this? Shocked!
Call Dr. Jill Biden STAT to the ER, Emergency Remedial for a Zoom ELI5
Stop being mean Jack Posobiec. You're badmouthing a senile confused old man. He needs his wife to hold his hand and remind him what century it is, and that he wasn't running against Bush...
It's because they are all retarded. But we knew that