Chaos in the equity markets isnt a good thing for anyone..
It’s all fun and games until someone loses their savings. Of course lockdowns and business closings do the same thing.
That's something they should have thought about before setting these markets up in the first place. And I would suggest that chaos under the existing regulations is better than changing the regulations to rig the results in favor of the big-time money people.
There's something deeply satisfying about reading through the various message boards yesterday as this fiasco unfolded. One guy apparently made enough money in a few hours to pay off his entire $43,000 student loan balance in one shot.
The best quote of the day: "Tell the Wolf of Wall Street that the Pigeon of San Francisco is coming to eat his lunch."
Neither is the looting short selling hedge funds. It’s beautiful watching them get annihilated.
All power to the Redditors.
It may not be but these hedge funds have screwed everyone else over and them taking it in the ass is karma.
Says who? Is there some talking Market Idol that tells us what the proper prices should be and when they should rise and fall and by how much?
You mean shorting?