Wall Street Walk for Perspective
Comments
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Jesus. Tequilla?pawz said:Borderline tug-worthy. Not my intention.
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Awesome Twitter thread by Weiss should be required reading to stay in class
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I hate that he's right. But damn if I'm not going to keep tuning in to what has become the greatest spectator sport of the year.
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He's right. But some average dipshit is going to sell and be worth a lot more than he would have been just working the rest of his life. So there's that.GreenRiverGatorz said:I hate that he's right. But damn if I'm not going to keep tuning in to what has become the greatest spectator sport of the year.
Of course somebody pays. There's always the other side of the trade. Anybody buying GameStop now deserves what they get. I don't mean that in a judgy way. At this point, it's clear that its stock price is well into another galaxy from the company's organic value. If you buy at that price, you deserve whatever you get, be it good or bad. You know you're gambling on nothingburger. -
As I said to my son, "I'll do exactly what I do in Vegas. Watch."GreenRiverGatorz said:I hate that he's right. But damn if I'm not going to keep tuning in to what has become the greatest spectator sport of the year.
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Probably a good time to short the stock...creepycoug said:
He's right. But some average dipshit is going to sell and be worth a lot more than he would have been just working the rest of his life. So there's that.GreenRiverGatorz said:I hate that he's right. But damn if I'm not going to keep tuning in to what has become the greatest spectator sport of the year.
Of course somebody pays. There's always the other side of the trade. Anybody buying GameStop now deserves what they get. I don't mean that in a judgy way. At this point, it's clear that it's stock price is well into another galaxy from the company's organic value. If you buy at that price, you deserve whatever you get, be it good or bad. You know you're gambling on nothingburger.
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By any chance... is your son's name Preston?HHusky said:
As I said to my son, "I'll do exactly what I do in Vegas. Watch."GreenRiverGatorz said:I hate that he's right. But damn if I'm not going to keep tuning in to what has become the greatest spectator sport of the year.
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If this is a referent, I'm not hip enough to get it.DerekJohnson said:
By any chance... is your son's name Preston?HHusky said:
As I said to my son, "I'll do exactly what I do in Vegas. Watch."GreenRiverGatorz said:I hate that he's right. But damn if I'm not going to keep tuning in to what has become the greatest spectator sport of the year.
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Maybe lurk a little longer, councilor (allegedly).HHusky said:
If this is a referent, I'm not hip enough to get it.DerekJohnson said:
By any chance... is your son's name Preston?HHusky said:
As I said to my son, "I'll do exactly what I do in Vegas. Watch."GreenRiverGatorz said:I hate that he's right. But damn if I'm not going to keep tuning in to what has become the greatest spectator sport of the year.
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I also changed my mind a little about Weiss' tweet marathon.
His whole diversion into the advantages that big traders have (servers, etc.) has been known for years. So, yeah, ok. The more trading volume, the more they can take advantage of the tiniest changes in stock price. OK.
Did anybody anywhere say nobody on Wall St. was making money the last few weeks? If so, I missed it. The only thing that is really relevant is that a bunch of unaffiliated people on the internet drove up the price of stock of some nothing company and some, or a bunch of, IDK, hedge funds got caught with their pants down shorting the stock.
Does all that other stuff, where he ends each thing with "Populism", really have anything to do with the story? Again, nobody said retail guys were the only people making money.
That wasn't the story. The story is that they were, at the same time some funds got fucked by the uptick (understatement of the year) in the stock price, and then miraculously the guys who were benefitting got locked out.
That's the story. That's it. Nobody said Wall Street is over.
