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

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All right, which one of you fuckers did this.

Screenshot 2021-01-29 at 11.29.11 PM.png
 
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mindlessobserver said:
CNBC has increasingly worried face instead of smug face tonight. A lot of the sell off today was in otherwise healthy long term investments like Tesla and Microsoft. Just how overleveraged were these funds in shorting brick and mortar retail?
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Wuflu was supposed to cripple all of retail, so they thought they'd make a killing. I'm betting they're still massively overleveraged in more than one area and aren't disclosing it.
 
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Rob Sechan tweeted me back on Twitter after I mentioned that he had been with Lehman Brothers up until the 2008 housing crisis, and he said "Yep, it was a tragedy, now stop."

I asked him if he had any connections to any of the hedge funds that were trying to short GameStop, and he deleted his tweet.

rob sechan deleted his tweet.png

Just so you know I'm not full of shit:
 
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Andy Bandy Man said:
Right, so utopian batman good,
Dystopian batman bad.
Got it!
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I sort of lift that idea from Grant Morrison's batman, which is the least insufferable of the manchildren literature out there, IMO.
In his stories, I really liked how both batman and joker were more alike than distant, and both seemed to be trapped in the momentum of their actions.

But yeah, just like how a good authoritarian government is better than the corrupted, rotten republic.
 
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mindlessobserver said:
CNBC has increasingly worried face instead of smug face tonight. Alot of the sell off today was in otherwise healthy long term investments like Tesla and Microsoft. Just how overleveraged were these funds in shorting brick and mortar retail?
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Probably to the hilt. Each of these hedge fund managers were going to be new nobility trying to one up each other. And why wouldn't they be over leveraged? No one was supposed to gut punch them.
 
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Stream of kiwis playing wall street kid and running the place to the ground when?

Xarpho said:
The problem is any "regulation" imposed will be designed to protect (((them))), not the common interest, and they were able to fool a lot of people thinking that the government's approach to the stock market is for their interests.
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"If you want to see a problem getting worse just wait for the solution the government has for it"
 
world of shit said:
Batman represents upholding the status-quo (order), joker represents chaos. Neither are good nor bad in my opinion -- sort of like asking if hurricanes are bad.

Given all that, Bruce Wayne is most likely a paper-handed faggot that would've sold at the first break.
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Hurricanes are bad though. They do a bunch of damage without adding anything. Why wouldn't they be bad?
 
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AnotherPleb said:
Wuflu was supposed to cripple all of retail, so they thought they'd make a killing. I'm betting they're still massively overleveraged in more than one area and aren't disclosing it.
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I agree. We are seeing massive moves to try and cover the positions and not move off the Short. Its turning out the claim they closed them out was a bald faced lie. The smaller funds lost their pants, and citadel swooped in to hold them up. But I bet their new coverage position did not foresee the stock holding at North of 300 dollars. I dont think they were ready for the autism to spill out into other retail companies like Bed Bath and Beyond and AMC. Those two in particular had clearly been dressed for the kill as well and the surge there has to be making things worse.

Krystal Ball over at "The Hill" actually made an interesting point. What is going on is not unknown. In fact its well known. It's a part of economic game theory called "the ultimatum game".

You have two men negotiating over a pile of money. One man who makes the offer on how the money is to be split between the two, and the other man who has to accept the offer. The man making the offer has absolute power to set the terms but has absolutely no negotiating power. His first offer will be the ONLY offer. He could in theory say that he gets 99% of the money and the other guy gets 1%. Now this seems like a really shit deal, until you realize what the other guys power is. He has absolute power to accept the offer or refuse the offer. And if he refuses the offer, the money spontaneously catches fire and both men leave the table with no money at all.

At a rational level it would seem that so long as the man making the offer offers something, the other guy will accept. Because something is better then nothing. Yet in repeated studies of this game, if the man making the offer claims more then 70% of the money pile, the other guy becomes more more likely to opt for both men having absolutely nothing.

And this is what wall street has done. These big hedge funds ignored a fundamental rule of Game Theory that got taught to them back when they were still wearing diapers at Yale. If you abuse a position of ultimate power to force a bad deal, eventually the other guy would rather see all the money burn then content himself with some of it.
 
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WinchesterPremium said:
Hurricanes are bad though. They do a bunch of damage without adding anything. Why wouldn't they be bad?
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poor choice on a vague word, sorry -- the the context of batman we were talking about moral actions between individuals: intentionally bad, consciously bad, evil

to rephrase: To call a hurricane evil would be a little strange.

if you want to get into moral philosophy, a precise term would be

Moral evil - Wikipedia

en.wikipedia.org en.wikipedia.org

vs

Natural evil - Wikipedia

en.wikipedia.org en.wikipedia.org
 
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