mrbb wrote: what happend to GME, AMC, blackberry, nokia is quite the opposite of your take.
Under free market, there are self correcting mechanism. Since you seem to support central planning, there is no limit to greed and corruption. Just take a look of communism china, russia, venezuela, and monarch middle east.
It is obvious you don't understood what just happened. It was the retail investors screwing the 1% as the 1% (hedge fund, the wallstreeters) have been screwing the retail investors since the invention of electronic trading.
So what do u call it when hedge fund shorting 150% of gamestop's float? isn't that pure greed and corruption while the trading house allow them to do that. This is not capitalism. Now that the table had turned, hedge funds calling it foul, asking for bailouts and trading house to halt/limit trading of gamestop. Is this capitalism or or it really socialism? Privatize the profit but socializing the cost of doing business.
if you dunno, silver is the most manipulated commodity ever because gov;t and bankers afraid of people using silver as money again. Silver and silver stocks are is up big time today as gamestop fallout might move into silver but i doubt it, Big bankers colluding with big gov'ts can quash the small guys easily and keep suppressiing silver price down for much longer. Do you know of the Hunt story on silver?
RagingBull3 wrote: Mrbb...I disagree. There's NO LIMIT to Greed and Corruption... If Pure Capitalism were to be allowed... the divide between the 1% and the rest would be even greater.
If they could... they would make you work for them for FREE.
Some of the Richest companies do just that..... They call it "INTERNSHIP".
all just my opinion/view/thinking
mrbb wrote: I disagree with your view.
I much prefer a true free market. The trading halt is not protecting the small investors but rather it's protecting the greedy professional shorters (usually work for banks) as the pro shorters are taking a bath and trading houses are just trying to stop the bleeding of these professional shorters. Regulation should be protecting the small investors from the big boy traders and manipulators. With such protection, the pro shorters will keep on manipulating stocks as their playbook strategy knowing the house will favor them. Here we have the small investors winning over the pros but bankers put a stop to it.
Maxmoe wrote: Sadly, all irrational speculation ends the same way. The little guy gets stuck holding a $30 stock he paid $300 for. Greed and stupidity are a dangerous team. Every generation has to learn the hard way , so too will the Reddit generation. It would be nice if a few shorts get wiped out in the process.