/r/wsb autists taking on a wallstreet hedgefund. Elon musk involved as always / wallstreetbets / gamestop - Gamergate 2: financial boogaloo

It's HK-47 said:
The sheer unification that this is causing is just beautiful. Left-wing, Right-wing, pro-Trump, pro-Biden, Communist, Capitalist, it doesn't fucking matter. Every single person who isn't from Wall Street itself is piling in to kick them in the ribs as hard as they can, or is standing on the sidelines cheering it on. This became such a worldwide story that by noon today my entire friend group was talking about it, and half of them don't even live in this country. France, Bulgaria, Spain, it didn't matter where they came from, everyone was laughing hysterically at Wall Street getting kicked in the dick.
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Communist, Capitalist and fascists are coming together to use the free market to fuck over rich Jews.
 
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It's HK-47 said:
The sheer unification that this is causing is just beautiful. Left-wing, Right-wing, pro-Trump, pro-Biden, Communist, Capitalist, it doesn't fucking matter. Every single person who isn't from Wall Street itself is piling in to kick them in the ribs as hard as they can, or is standing on the sidelines cheering it on. This became such a worldwide story that by noon today my entire friend group was talking about it, and half of them don't even live in this country. France, Bulgaria, Spain, it didn't matter where they came from, everyone was laughing hysterically at Wall Street getting kicked in the dick.
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I might not like Trump, but do you know who i hate more. Greedy fucking hedge fund managers and mood ring that is stocks.
 
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AAAAAAA HOW DOES HE KEEP GETTING AWAY WITH IT??
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HumanHive said:
Stop. The Bible was not talking about this
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The Bible clearly was speaking to Wall Street to stop being such greedy ((()))'s and to accept that they lost their money and shouldn't try to ((())) the economy to get it back.

Hebrews 13:5
Keep your life free from love of money, and be content with what you have, for he has said, “I will never leave you nor forsake you.”
 
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>tfw just set up a 401k through work a week ago and reddit might crash the stock market in a few days.
fuck me...

In all seriousness I'm not expecting a 2008 stock crash if they manage to hold till Friday, a decent hit against a few hedge funds and some egos, yes maybe a bit. A crash that leads to mass foreclosures, no.
I might put some money on a small crack down on investing apps that have been getting popular recently (robinhood, acorns, etc.) since the biggest blow will be to the egos of Wall St. traders, so I wouldn't be surprised if there's an attempt at some new legislation trying to regulate said apps, or new regulation where only "trusted traders" can buy/sell stock.
 
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Humble Shitpost Merchant said:
It already works like that. Only wealthy investors and big funds can short-sell, because they have Margin. Because it's high risk, high liability, and you're still obliged to pay out. If stocks don't fall and instead rise, then you owe money.
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This needs to be underlined since people still seem to think that short selling is some nefarious tool that big banks use to crush the little guy. Short selling is fucking stupid. There is a hard cap on the upside, and as we're seeing now with GME, there is no limit to how much you can lose. On top of that, you're paying premiums for however long you hold on to the short position, and those premiums can be whatever the fuck the entity lending the shares wants it to be. A bunch of hedge funds essentially sleepwalked into a completely untenable position with no exit strategy because they thought that lockdowns were going to be the final nail in the coffin for Gamestop.
 
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DeadFish said:
That can only be done via a international hoax. A hoax designed to scare people into withdrawing.
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Yeah? And how would you have said this exact situation would have transpired prior to this week?

If it's coordinated it's another story. If it's for lulz and to fuck over bankers, it might be enough. One can hope.
 
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