NEW -> Contingent Buyer Assistance Program
Not necessary. When industrialists sucked lifeblood out of workers, unions came along and weakened the power of the elite. Sure it was painful transition for some or most but in the end they were better off.
I see this WSB as a revolt of masses against wall street elites. Will some 'retards' as they call themselves lose a shirt? Yes. The billions that few short sellers are losing are bing redistributed across a much broader base. As a whole I am hoping that enough of whales take a lesson from this and overall manipulation of the market reduces by a notch.
The onliners are starting to cover their arses. Even though you make the calls they still have liability from the "suitability" flank if lots of clients lose money (which they will). Schwab lost a case in the early 2000's (after the dot.com bust) when they thought they were only an order taker and had no responsibility if their clients committed financial suicide through their services...they were wrong, and that set the precedent. The cycle continues today...Soon a Fed or Treasury official will make an "Irrational Exuberance" comment.
morekaos
Well-known member
nosuchreality
Well-known member
Playing musical chairs where half the players are employed by the guy running the music.
morekaos
Well-known member
For those that don't remember the last "democratization" of the stock market watch these actual commercials designed to sucker in the sheep...1999. It did not end wellfor the sheep...
https://youtu.be/1lnwkXb3B-k
https://youtu.be/zDC1E8qfOD8
https://youtu.be/WOKDK0g1Gno
https://youtu.be/1lnwkXb3B-k
https://youtu.be/zDC1E8qfOD8
https://youtu.be/WOKDK0g1Gno
Cornflakes
Active member
morekaos said:
Not necessary. When industrialists sucked lifeblood out of workers, unions came along and weakened the power of the elite. Sure it was painful transition for some or most but in the end they were better off.
I see this WSB as a revolt of masses against wall street elites. Will some 'retards' as they call themselves lose a shirt? Yes. The billions that few short sellers are losing are bing redistributed across a much broader base. As a whole I am hoping that enough of whales take a lesson from this and overall manipulation of the market reduces by a notch.
nosuchreality
Well-known member
A tout is a tout. A pyramid scheme is a pyramid scheme.
Jimho, the hedge funds are the ones playing legitimately.
Most covered their positions yesterday or the day before, they probably will make more money now in the chaos than before.
Jimho, the hedge funds are the ones playing legitimately.
Most covered their positions yesterday or the day before, they probably will make more money now in the chaos than before.
morekaos
Well-known member
aquabliss said:
The onliners are starting to cover their arses. Even though you make the calls they still have liability from the "suitability" flank if lots of clients lose money (which they will). Schwab lost a case in the early 2000's (after the dot.com bust) when they thought they were only an order taker and had no responsibility if their clients committed financial suicide through their services...they were wrong, and that set the precedent. The cycle continues today...Soon a Fed or Treasury official will make an "Irrational Exuberance" comment.
nosuchreality
Well-known member
Unmask WSB.
The initial tout on Jan 13th caused 140M surge in trading volume in a day. That's $2.8B, or 100,000 retail investors taking $30,000 swings on a reddit tout.
300,000 taking $10,000 swings?
Oh wait, Robinhood average investor portfolio size is under $5000.
The initial tout on Jan 13th caused 140M surge in trading volume in a day. That's $2.8B, or 100,000 retail investors taking $30,000 swings on a reddit tout.
300,000 taking $10,000 swings?
Oh wait, Robinhood average investor portfolio size is under $5000.
sgip
Well-known member
Anyone else sense how appropriate it is that "Robinhood" has been at the forefront of this chaos?
Not supportive at all of the casino that WS has morphed into. Yes, it's always been a rigged game, but now there are so many other ways to appropriate wealth from outsiders to insiders.
If anything comes out of this, I'd hope it would be a per trade tax (buy and sell) that Harris was promoting when she was a candidate. I' m not turning this into a political thread here, but realistically some sort of Washington intervention is likely to occur once GameStop et al finally settle out. Let's hope the curbs will be meaningful.
My .02c
i
Not supportive at all of the casino that WS has morphed into. Yes, it's always been a rigged game, but now there are so many other ways to appropriate wealth from outsiders to insiders.
If anything comes out of this, I'd hope it would be a per trade tax (buy and sell) that Harris was promoting when she was a candidate. I' m not turning this into a political thread here, but realistically some sort of Washington intervention is likely to occur once GameStop et al finally settle out. Let's hope the curbs will be meaningful.
My .02c
i
morekaos
Well-known member
Without the government...it never makes money...
Tesla announces first EVER annual profit with earnings of $721 million in 2020 - but Elon Musk's firm falls short of Wall Street expectations
Tesla saw its stock soar in 2020 to make it the world?s most valuable automaker
The company earned $721 million, capped by a $270 million profit in Q4
It was Tesla's sixth straight quarterly net profit after years of mostly losses
Tesla said that excluding special items, it made $2.24 per share for the year, falling short of Wall Street expectations of $2.45
Earlier this month Tesla's market cap passed $800 billion for the first time ever
Once again the company needed regulatory credits purchased by other automakers in order to make a profit. Without $1.58 billion in credits for the year, Tesla would have lost money. Other automakers buy the credits when they can't meet emissions and fuel economy standards.
https://www.dailymail.co.uk/news/article-9194675/Tesla-fights-pandemic-rides-sales-jump-1st-annual-profit.html
Tesla announces first EVER annual profit with earnings of $721 million in 2020 - but Elon Musk's firm falls short of Wall Street expectations
Tesla saw its stock soar in 2020 to make it the world?s most valuable automaker
The company earned $721 million, capped by a $270 million profit in Q4
It was Tesla's sixth straight quarterly net profit after years of mostly losses
Tesla said that excluding special items, it made $2.24 per share for the year, falling short of Wall Street expectations of $2.45
Earlier this month Tesla's market cap passed $800 billion for the first time ever
Once again the company needed regulatory credits purchased by other automakers in order to make a profit. Without $1.58 billion in credits for the year, Tesla would have lost money. Other automakers buy the credits when they can't meet emissions and fuel economy standards.
https://www.dailymail.co.uk/news/article-9194675/Tesla-fights-pandemic-rides-sales-jump-1st-annual-profit.html