Market Cap is the value of all the shares if they were to be sold at current asking price. 3.74 trillion being lost is saying the valuation of those shares at current price for the entire market has been lost.
While, it is hard to directly pin anymore than 100 billion directly on WSB, and maybe 100 billion indirectly, in terms of Market Cap. The Market is going into a down-turn.
It is my prediction that within 6 months, our economy will finally begin collapsing due to the damages of COVID-19 hitting the consumer market without stimulus, balancing anything out. You don't kill thousands upon thousands of small businesses through lockdowns and expect the market to recover.
This is fucking nonsense and it’s embarrassing you guys upvote it.
The WSB guys affected ONE HEDGE FUND OUT OF THOUSANDS. That’s it! You guys are so fucking cringe who talk like this. Those guys might be fucked but THATS IT!
Almost every analyst on the planet thinks we are going to have an amazing year(s) because they know the virus is bullshit and we are opening back up. Stop listening to financial advice from these retards.
The guys at wallstreetbets did something remarkable, breaking a hedge fund that had too much exposure with their short position on GME stock. It's a great story, and it got a lot of excited commentary. But it did not significantly affect the overall market level. There are always big factors at play, plus and minus, and the down week was not caused by the reddit sideshow.
Can someone break this down for us non-finance folk?
Market Cap is the value of all the shares if they were to be sold at current asking price. 3.74 trillion being lost is saying the valuation of those shares at current price for the entire market has been lost.
While, it is hard to directly pin anymore than 100 billion directly on WSB, and maybe 100 billion indirectly, in terms of Market Cap. The Market is going into a down-turn.
It is my prediction that within 6 months, our economy will finally begin collapsing due to the damages of COVID-19 hitting the consumer market without stimulus, balancing anything out. You don't kill thousands upon thousands of small businesses through lockdowns and expect the market to recover.
Do things like Ammunition then become legal tender?
Bartering is still a thing
You still need to report taxes on bartering:
https://www.irs.gov/publications/p525#en_US_2019_publink1000229343
Finally we can live Metro 2033
Yes you throw them at people to get the things you want from them
I feel like I should move my 401K into the G-fund...
This is fucking nonsense and it’s embarrassing you guys upvote it.
The WSB guys affected ONE HEDGE FUND OUT OF THOUSANDS. That’s it! You guys are so fucking cringe who talk like this. Those guys might be fucked but THATS IT!
Almost every analyst on the planet thinks we are going to have an amazing year(s) because they know the virus is bullshit and we are opening back up. Stop listening to financial advice from these retards.
Biden's policies are destroying Trumps economy.
Redditt is taking credit for it so it doesn't blow back on Biden.
The Lame Stream Media is also backing the narrative.
Yep, we will essentially be back in Obama era economy levels .. so not good , but somehow they will blame it on someone else
Gladly. It's nonsense.
The guys at wallstreetbets did something remarkable, breaking a hedge fund that had too much exposure with their short position on GME stock. It's a great story, and it got a lot of excited commentary. But it did not significantly affect the overall market level. There are always big factors at play, plus and minus, and the down week was not caused by the reddit sideshow.