28 January 2021

Full Circle

The AMC and Gamestop stock climb fucking the hedge funds with dicks dipped in resin then rolled in ground glass is making me laugh ruefully.

I am wondering, after reading a couple of analyses, if there isn't a revenge factor involved here.

How many people lost a shit-ton in 2008 and are aware that hedge funds were at the core of that?

"The Big Short" did well at the box office, and probable informed a lot more people.

There's a worry about what will happen when the WallStreetBets people start selling.

Selling is what people who bought stocks to make money do.

People who bought these stocks to fuck hedge funds have made their purchase and don't care as long as the hedge funds got fucked.  It's also very likely that they didn't buy enough for a complete loss to hurt them at all.

Posted by Angus McThag at 09:07
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1 comment:

  1. Jonathan H28 January, 2021 11:34

    Many people see the recent national tension as Republican versus Democrat, but in many ways it is working class versus an alliance of rich and poor - there is a HUGE reservoir of resentment by working people against the rich and how they are concentrating power. This is an example of striking back that I hadn't thought of... I think we will see more unique actions like this coming, and the government will continue to be heavy handed in supporting the rich, which will make the problem worse...

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