Game over so fast? I was hoping a few hedge funds would blow up so I can pick up good fundamentals at fire prices. F⦠the collusion. Biden admin should issue an EO on this issue.
they just chased out ton of inexperienced retail traders out of existence to protect their self interest. feel sorry for them but this was almost inevitable one way or the another.
I feel like this is going to come back to bite them. It reeks of market manipulation. The unwashed masses from WSB are going to come back and strike hard. Bought some AMC ay $7 just for fun.
I hope all the RHers go bankrupt. Time to a learn a lesson. Better early in life than later in life like what happened to boomers in 2008. Good to learn humility and prudence. They think stocks are all about gambling. Tesla Bitcoin AMC and GME are all based on bullshit. Sooner or later money talks and Bullshit walks. As far as hedge funds. Everyone has always known they are 2/20 thieves. Fuck them too
They are allowing people to sell. They blocked people from buying. Thatāll tank the price by removing a bunch of buyers from the market.
This could be part of whatās fueling this. The top 20% have been hoarding cash during the pandemic. They are going to do something with it and interest rates a garbage.
I donāt think itās hoarding so much as less to spend it on. Amazon stock went up significantly-thatās increased income. Weāre refinancingāalso increased income. We havenāt been travelling, and although we want to do some renovation thereās no way we can do that with everyone home. Husband canāt have someone demolishing the kitchen while heās in a meeting.
Weāve upped our restaurant spending to about $1K a month which is insane to me, but weāre doing what we can to keep them alive. A lot of people are scared to order out.