The only potential downside I see is that a portion of the people getting rich are the same that are actively upset about ethics in game journalism. :/ But for the most part this has been my popcorn for the past few days.
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My only concern in regard to the hedgies is that pensions tend to invest in hedge funds, and I'd hate to see an entire pension system go under. Other than that I gleefully await their burning collapse.
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Pension funds won't invest in a find that can be busted by 1 short. Or to be more technically accurate, a fund like that won't accept pension fund money because it would place restrictions on it that would prevent being so stupid
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Melvin Financial: I'd like to sell these shares please Gamestop: Best I can do is $3.50 for the lot
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Agreed but I also think there is a downside. In those Reddit investors are a lot of people that can't afford to be gambling in the market. A lot of people are going to get hurt into this playing a game where they don't 100% understand the rules.
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Upside, a lot of poor people have already put in $1,000-3,000 and gotten a ton of money. I don't see how the net result of this isn't hedge funds losing, and people winning. They sorta got caught with their hand in the cookie jar and the internet isn't letting them buy out cheap.
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I mean, Wall Street is 100% gonna bribe a law into existence that effectively requires you to be a millionaire or richer to play ball... anything that ever happens with the stock market inevitably screws the poor and middle class.
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Oh absolutely. Wonder if it’ll be the wake up call for enough people to realize that the stock market isn’t the economy
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Le chargement semble prendre du temps.
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