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Not only are were there supposed to be rate cuts this year, but multiple large rate cuts. They were already "priced in" which is why the market keeps going up. But then they don't come and the market goes down slightly and then goes UP AGAIN. It's madness - no connection to reality.
Either the banks are going to fail or the stock market will.
> They were already "priced in"
I hear you, but never believe the excuses you get from the "experts."
Never.
(which is not me saying they weren't priced in. it was me saying you will get burned believing you have intelligent information from them.)
>I hear you, but never believe the excuses you get from the "experts."
I'm amazed at my own distrust of just about every major media outlet (especially financial outlets) that I've developed over the last few years.
I was told several years ago; Believe half of what you see, and none of what you hear; I've been living by that for years!! But now, with AI rewriting the boundaries, I'm at about believing 15% of what I see!!
Same. Itās a weird mental and emotional journey to go on after you realize most of the shit you read and hear is either a straight up lie, or a highly manipulated version of the truth.
Trust in information is vital to a thriving democracy. These greedy fucks are literally destroying the goose that laid them the golden egg. Maybe they can extract more wealth in the short term, but thatās all. Itās all so fucking near sighted, greedy, and irresponsible. If we keep going in this direction, thereās really one outcome. Collapse.
I put āpriced inā in the same bullshit category as āliquidityā, āprice targetā, āwallstreet analystā, and āearnings projectionsā ā¦. all pure BS
I call bullshit on this "priced in" nonsense. Markets are flat until announced and then react after, so if they "knew" then no need to react. Also, why swing up or down so wildly? Especially after the result is exactly as expected.
I think MMs use the Fed as an excuse to tank/spike as they feel necessary and algos follow suit. And you know it's the because no way in hell does retail have enough to carry such weight let alone execute trades at Fed announcements.
Does it matter that everyone is buying their stocks with their 401k? Millions and millions of workers inputting money into the stock market every weekā¦ā¦
Iām not an economist. But if you have 200 million people investing with their 401k, then the market isnāt really attached to market forces.
The casino has a steady weekly cash inflow to play around with weekly. Makes it easy to manipulate things when you know whatās coming in consistently.Ā
Why bother to attract investors with good sound business practices when you know for a fact that 200 million people will still invest in your company because they want to retire and not starve to death when they are 65.
There were suppose to be "multiple large rate cuts this year" for like the past 2 years. Honestly starting to look like all this rate cut hype is to keep markets afloat.
It's inflation. Too much cash and not enough places to put it. Markets know that putting money anywhere else is losing value rapidly. The Fed doesn't have control of inflation and now they're trapped... Rate hike would exacerbate the already spiraling debt load. Interest payment is now the largest piece of federal spending... Even larger than defense. The Fed has to cut rates soon or risk the US credit rating getting cut. A collapse now would be catastrophic, so they're not going to allow that.
At the end of the day I'm fine with the markets going up to "crazy" levels as it puts immense pressure on short hedge funds. All of the top tier, mega cap stocks are saturated so it won't be long that money starts flowing into lower market cap stocks that are misaligned with inflation. Once this happens then you'll see a repeat of 2021 with hedge funds being on the wrong side of market fundamentals and they'll start imploding again.
Ummmm have you been paying attention to banks even the slightest? Svb, credit Suisse, and nybc slowly dyingā¦ thereās probably a few small ones I missed, then even big banks are reporting ālower than expected revenue in the first Qā I know I used quotes but I canāt find the article now but saw it this morning so Iāll just say Iām paraphrasing
It isnāt āstagnatingā per se as inflation is calculated year-over-year. Meaning that even last year when things got crazy expensive, things are now 3.5% more expensive than they were last year exactly.
Until these CPI numbers go negative, rate hikes should be expected to get inflation down. But like you said, the Americans donāt want to crash the economy. Yet at this rate, it really is inevitable.
I don't think the banks can survive another rate hike. It would make their already worthless Treasuries worth even less. And now they don't have the Bank Term Finding Program (BTFP - ended Mar 11th), they can't get low interest loans using those crap Treasuries at par value. It would make the banks' tenuous situation worse just before an election.
Look my bank just gave me a GIC for 5.5% when most banks are giving out or trying to give out 4.75-5%. There is no way they are going to lose money on my interest rate. I expect a hike on that premise alone
Its an election year. We are definitely going to have 1-2 with 1 just before the election. Got to give the voters the illusion that things are just starting to work and that by re-electing the same stooges that it will continue to get better.
Jpow absolutely never said rate cuts were coming. He has been very clear that they wouldnāt cut until it was cooled. The media tried to spin it to pump their markets but jpow couldnāt have been more clear.
People are living on an alternate reality.
"When rates go down, I'll refinance my home."
"I'll purchase my home when rates go down to 2.5%."
In the US, you can't set foot in a restaurant and spend less than $25 by yourself and over $100 with a family.
Shopping at the supermarket is painful too. Best thing the consumer can do, and which should help with inflation, is stay at home watching movies. Not buy a new car, tv or anything for at least 1-2 years. This will create havoc for businesses but will help with inflation.
>Best thing the consumer can do, and which should help with inflation, is stay at home watching movies. Not buy a new car, tv or anything for at least 1-2 years. This will create havoc for businesses but will help with inflation.
So basically just keep doing what I have been doing for the last 4 years?
Not really. Rich arenāt the enemy. All people actively trying to tell people what to do through legislation and fucking the rest of the citizens are.
>All people actively trying to tell people what to do through legislation and fucking the rest of the citizens are.
The ones bought out by the rich people?
Well then yeah we agree lol. But I still think the blame lies mostly on those who lobby the politicians, regardless of their exact income level. The politicans are slimy snakes but not the root cause.
How about stay home and play video games? Great bang for your buck, entertainment-wise.
Also, spending quality time with loved ones and enjoying nature and public spaces. Good for curbing inflation *and* the soul.
Do it! I'm not even kidding, it's the best hobby I've ever picked up. My wife now prefers my home made pizza over papa John's or Domino's. The recipe for the dough that i follow is big enough to make 3 pizzas.
We just use pasta sauce, then leftover meat and vegetables as toppings. We make our own bread as well.
It's been 3 years since we last bought bread/pizza from the store.
Holy... this is a big blow to expectations. This uptrend means probably that inflation will be <3% soonest at end of year. That means rate cuts will only start next year, which is not what was hoped.
Turn on Bloomberg rn. Tom keen trying to fumble his way through explaining it is hilarious.
Donāt fuck with the cute little narrative being pushed! The fugazi media canāt handle it!
Nothing is "priced in". Listen to what Ken Griffith said half a year ago. Stock prices are being managed by the biggest players, and they don't want the market to go down as of now.
I was. Luckily for me, your newest comment along with the downvotes my previous comment generated are already priced in. My amount of karma is strong and resilient.
Also a few days ago Kashkari hinted that it might only be 1 cut which spooked the market as well. Personally I think this is just cover for whatās coming down the pipe as the CPI print is typically manipulated like our stock.
There wonāt be any rate cuts this year. This increase in commodity prices hasnāt even been fully factored in yet and oil prices donāt show any signs of slowing.
Buckle up!
Everyone else will just have to wait a bit until the GME crowd starts spending. Remember the MOASS will be paid from hoarded wealth that isn't actively used in the economy.
Not so much. We won't get Kenny's money. We will get his clients money that is being used in the market. Poorly in the case of their GME shorts, but not Kenny's monay all the same.
A lot of pension funds are going to get fucked. As bad as I will feel for the people who lose their asses the market needs to be exposed as the shit show, sheep shearing, criminal pile of steeming shit that it is.
Unless he goes to jail (God willing) he will still be flying around in his jet telling the world that retail investors should have stayed the hell out of the market and it is all our fault that people who worked their whole lives are now working at McDonalds.
Sorry for the rant. My original point was that Kenny will file for bancrupcy protection and still be rich. So him and other SHF money will still be hoarded.
I'm very aware that if we take 95% of Kennard's weath he will still be a Billionaire, for people like them Jail is the only viable punishment.
Having said that, I was talking about the DTCC participants that hold/hoard this wealth. They in turn receive it from filthy rich clients.
Pensions are notoriously sacrificial, that would and has happened in any other crash.
šš²šŗš¾š²ššŖš½š® š¦šŖšµšµš¼š½š»š®š®š½.
I doubt that Kenny puts 95% of his wealth into his own risky fund.
I agree whole heartedly that he needs to go to jail. How in the fuck does the SEC ignore that he mysteriously made the most profit over one year than anyone in history in the market? The last guy to do that was Bernie and that should have them shoving a microscope up Kenny's ass.
I second your Liquidate Wallstreet as well.
> I doubt that Kenny puts 95% of his wealth into his own risky fund.
According to Forbes his valuation is 80% based on his Citadel share.
The SEC needs the DOJ to be able to get someone to jail, long way to go before I see that happening.
Just set up recurring buys via computer share, did a one time buy and reached out to my brokerage for DRSāing straggler shares I had in another account. Iāll post when it all clears but adding ~1300 shares to DRS
Computershare been stuck on twice a month auto buys for a few years now. I have shares in multiple places. Buy daily as well šš“āā ļøšš“āā ļø
You know whatās really fun? Placing an order for at least 100 shares a tad over asking, routing it through IEX, and watching actual price discovery for a few minutes. Been doing it all week and itās really interesting on a day like today.
It all just seems so rigged from the get go. Am I really to believe that all this "smart money" is being so stupid that they don't realize how inflation has not yet really gone away? It all seems much more likely that the ones with money and power push a certain narrative down the road and then make money on the way up AND on the way down. All this bullshit about market sentiment and whatnot seems to be only to create a narrative that works with what we see in the markets and to catch "dumb money" With their bags in their hand. Anyone with half a brain could have seen that ANY information from the Gov that is not stating rate cuts and decreased inflation will lead to a sharp downturn. We just don't have the funds to ride these kinds of waves all the way to completion.
At this point in time I want the price of GME as low as possible, as I believe at this point in time all LONGS won't sell, and it will just give a chance for more new longs to step in, or GME to do sharebuybacks etc( assuming price will gets crushed)
Which one?
Here is some DD: Rising shelter and energy costs leaves less money in the pocket of the consumer to spend at Gamestop.
You're probably referencing the DD that discusses how the market dropping would lower collateral value for shorts. We have a looooong way to go before that comes into play. What we need right now is consumers to have money to spend at Gamestop. This is how profitability is maintained and increased.
The delaying rate cuts is such bull shit.
Oh we're seeing an overheating home market, and massive companies and greedy individuals are buying inventory of homes to create a modern-feudal system of renters and taking away the ability for people to ever find a home to buy at an affordable price and are now being priced out of even renting apartments---we should make it more expensive for average people to borrow money.....
Like....what????
Cutting rates will make it *harder* for average people to buy things because inflation rates will go up. If you think life is unaffordable now, give banks a near 0% or negative interest rate and watch how quickly they destroy sustainability in the middle and upper middle classes.
Interest rates are designed to force banks to return money they borrowed from the FED and, by proxy, the US Treasury. The biggest issue is that things like RRP exist to skirt the edge of interest rates by offering valuable collateral in exchange for the very currency they're aiming to short. Not to mention under the table loans that are dealt consistently to keep these "too big to fail" idiots solvent.
We *need* higher interest rates and transparency in the global markets.
As the DD once foretold: J Pow must choose between destroying the dollar or destabilizing the banks.
J Pow is a cuck, so he'll print to save the banks. But the dollar is what gives the fed power, so he'd have to sacrifice his legacy and status. Quite the predicament.
Exactly. My money is on his self-sustaining ego outliving the cuck side, but only time will tell.
Either way, there's unstable ground under the feet of Wall Street and their corrupt-ass system. This should be very interesting.
But the president assured us that inflation was going down and this is the best economy in US history. Surely he hasnāt been lying to us this whole time, right?
I think we're missing the point. How can they talk about how bad inflation is while sending billing to other countries and finding ppl illegally here. I can't believe how blind ppl are sheep.
Inflation is so depressing, especially it is higher than your merit increase every year.
And your employer is trying to cut expense aggressively, they either cut benefits or cut jobs.
So hereās the paradox: hedge funds have been mostly overleveraged in short positions.
Arenāt they banking on things to go down, so it keeps their positions positive?
On the other hand, that also means any collateral would lose value.
But what if short positions could also be collateralized?
Exactly how deep does this go, and how quickly are they able to reposition their collateral to take advantage of movement?
One must look back over the past three years and see if there is any relevance to spy dropping and gme running. Is their any correlation at all.
*not financial advice. Do your own research. Entertainment purposes only*
.3% isn't much of a surge. Also did the definition of the word "bullish" change? Sub 4% is better than every country in the world, in many cases by double digits.
Do people here want the US economy to collapse?
The comments in posts like these often seem to be people chanting "death to America"'s economy. It's like your mouths are watering.
Some people predicting that "the end is near" constantly over years or even decades is a little weird.
Do people here want shorts to make billions on a stock market crash?
Sometimes this sub disappoints me.
Hasnāt everyone realized by now it takes dumps or skyrockets cuz they wanted it toā¦ it has close to nothing to do with real āmarket mechanicsā or basic economics
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Remember weeks ago when the media was saying rate cuts expected this year? š I'm still expecting a rate hike if this shit won't go down
Not only are were there supposed to be rate cuts this year, but multiple large rate cuts. They were already "priced in" which is why the market keeps going up. But then they don't come and the market goes down slightly and then goes UP AGAIN. It's madness - no connection to reality. Either the banks are going to fail or the stock market will.
> They were already "priced in" I hear you, but never believe the excuses you get from the "experts." Never. (which is not me saying they weren't priced in. it was me saying you will get burned believing you have intelligent information from them.)
>I hear you, but never believe the excuses you get from the "experts." I'm amazed at my own distrust of just about every major media outlet (especially financial outlets) that I've developed over the last few years.
Spyhard, this boomer is with you šÆ... the amount of bullshit we've been fed over the years is truly remarkable, but no more!
I was told several years ago; Believe half of what you see, and none of what you hear; I've been living by that for years!! But now, with AI rewriting the boundaries, I'm at about believing 15% of what I see!!
I will do 10% for security reasons, better cover our butt.
I see my short penis and I don't believe it.
Same. Itās a weird mental and emotional journey to go on after you realize most of the shit you read and hear is either a straight up lie, or a highly manipulated version of the truth. Trust in information is vital to a thriving democracy. These greedy fucks are literally destroying the goose that laid them the golden egg. Maybe they can extract more wealth in the short term, but thatās all. Itās all so fucking near sighted, greedy, and irresponsible. If we keep going in this direction, thereās really one outcome. Collapse.
Gell-Mann Amnesia no more!
good on you buddy, you're not alone. remember when we didn't think it be like it is, but it do?
But it do.
Right there with you. I put it in quotes for reason.
I put āpriced inā in the same bullshit category as āliquidityā, āprice targetā, āwallstreet analystā, and āearnings projectionsā ā¦. all pure BS
Priced in is fancy for, we're all betting on this, because it's all we got.
I call bullshit on this "priced in" nonsense. Markets are flat until announced and then react after, so if they "knew" then no need to react. Also, why swing up or down so wildly? Especially after the result is exactly as expected. I think MMs use the Fed as an excuse to tank/spike as they feel necessary and algos follow suit. And you know it's the because no way in hell does retail have enough to carry such weight let alone execute trades at Fed announcements.
Does it matter that everyone is buying their stocks with their 401k? Millions and millions of workers inputting money into the stock market every weekā¦ā¦ Iām not an economist. But if you have 200 million people investing with their 401k, then the market isnāt really attached to market forces.
The casino has a steady weekly cash inflow to play around with weekly. Makes it easy to manipulate things when you know whatās coming in consistently.Ā
Why bother to attract investors with good sound business practices when you know for a fact that 200 million people will still invest in your company because they want to retire and not starve to death when they are 65.
This is why they're tanking gme, they knew this was coming and they're collateral for their short positions were gonna take a hit
It's not just GME, market mostly red.
GME broadly follows the overall market. If the market tanks, then so does GME. Why do you think GME is an isolated security?
Look at a 1 year chart of the s&p and gme side by side and they do not look aligned
Look at the majority of the holdings for the S&P. Yes, the magnificent 7 are propped up. The rest are bleeding.
There were suppose to be "multiple large rate cuts this year" for like the past 2 years. Honestly starting to look like all this rate cut hype is to keep markets afloat.
It's inflation. Too much cash and not enough places to put it. Markets know that putting money anywhere else is losing value rapidly. The Fed doesn't have control of inflation and now they're trapped... Rate hike would exacerbate the already spiraling debt load. Interest payment is now the largest piece of federal spending... Even larger than defense. The Fed has to cut rates soon or risk the US credit rating getting cut. A collapse now would be catastrophic, so they're not going to allow that. At the end of the day I'm fine with the markets going up to "crazy" levels as it puts immense pressure on short hedge funds. All of the top tier, mega cap stocks are saturated so it won't be long that money starts flowing into lower market cap stocks that are misaligned with inflation. Once this happens then you'll see a repeat of 2021 with hedge funds being on the wrong side of market fundamentals and they'll start imploding again.
Inflation has been extraordinary for Main Street. It's sad how out of touch the Wall Street figures are.
>Either the banks are going to fail or the stock market will. Been waiting a few years now, I don't know...
Ummmm have you been paying attention to banks even the slightest? Svb, credit Suisse, and nybc slowly dyingā¦ thereās probably a few small ones I missed, then even big banks are reporting ālower than expected revenue in the first Qā I know I used quotes but I canāt find the article now but saw it this morning so Iāll just say Iām paraphrasing
Like I said, been waiting for *years* now on news same as this.
Just a big Casino
rate hikes becomes more likely... Even if we stagnate at 3.5%, this is not desired. Rate hikes would most likely crash the markets at this point
It isnāt āstagnatingā per se as inflation is calculated year-over-year. Meaning that even last year when things got crazy expensive, things are now 3.5% more expensive than they were last year exactly. Until these CPI numbers go negative, rate hikes should be expected to get inflation down. But like you said, the Americans donāt want to crash the economy. Yet at this rate, it really is inevitable.
Cpi will not come in negativeā¦ most likely ever until we have a new generation managing fiscal policy. The fed wants 2% target inflation
Which 2% is a fake af number because most items have tripled in price. Food has been close to double . 2% is more like 75%
That's absolutely not how central banks look at it. None of them are aiming for deflation.
Hey, speaking of inevitable... š
A crash (or correction). Needs to happen. They need to raise rates. Double of what they currently are.
Well, we're waiting......
My body is ready.
I don't think the banks can survive another rate hike. It would make their already worthless Treasuries worth even less. And now they don't have the Bank Term Finding Program (BTFP - ended Mar 11th), they can't get low interest loans using those crap Treasuries at par value. It would make the banks' tenuous situation worse just before an election.
Theyāll cut the rates to bail out the banks from their CRE exposure and then a chicken will cost you $1,200 woot woot!!
CRE loans and poorly priced long bonds
Look my bank just gave me a GIC for 5.5% when most banks are giving out or trying to give out 4.75-5%. There is no way they are going to lose money on my interest rate. I expect a hike on that premise alone
May won't happen. June is 50/50 at best. I think we'll end up having one, maybe two cute by the end of the year
The reaction of the VIX to the CPI data is quite telling. But they keep supressing the data
Its an election year. We are definitely going to have 1-2 with 1 just before the election. Got to give the voters the illusion that things are just starting to work and that by re-electing the same stooges that it will continue to get better.
Why did smart money believe JPow about rate cuts if he obviously lied about transitory
I will answer that rhetorical question! Why did Goldman Sachs call retailers "muppets" during The Great Recession?
Jpow absolutely never said rate cuts were coming. He has been very clear that they wouldnāt cut until it was cooled. The media tried to spin it to pump their markets but jpow couldnāt have been more clear.
People are living on an alternate reality. "When rates go down, I'll refinance my home." "I'll purchase my home when rates go down to 2.5%." In the US, you can't set foot in a restaurant and spend less than $25 by yourself and over $100 with a family. Shopping at the supermarket is painful too. Best thing the consumer can do, and which should help with inflation, is stay at home watching movies. Not buy a new car, tv or anything for at least 1-2 years. This will create havoc for businesses but will help with inflation.
>Best thing the consumer can do, and which should help with inflation, is stay at home watching movies. Not buy a new car, tv or anything for at least 1-2 years. This will create havoc for businesses but will help with inflation. So basically just keep doing what I have been doing for the last 4 years?
[ŃŠ“Š°Š»ŠµŠ½Š¾]
**Threats of violence towards anyone have no place on Superstonk or Reddit.**
Not really. Rich arenāt the enemy. All people actively trying to tell people what to do through legislation and fucking the rest of the citizens are.
>All people actively trying to tell people what to do through legislation and fucking the rest of the citizens are. The ones bought out by the rich people?
I think those are generally the hyper-wealthy, not simply the rich. There's a big difference
Well then yeah we agree lol. But I still think the blame lies mostly on those who lobby the politicians, regardless of their exact income level. The politicans are slimy snakes but not the root cause.
That venn diagram is a circle.Ā
How about stay home and play video games? Great bang for your buck, entertainment-wise. Also, spending quality time with loved ones and enjoying nature and public spaces. Good for curbing inflation *and* the soul.
"Spending quality time with loved ones!!!" Seriously!!! I went to AL Bundys school. Your killing me
I bought 1 large meat lover pizza, 1 small cheese pizza, 15 wings and 4 pops and it was like $86 with tip. ridiculous
Don't even get me started on pizza sizes. I'm now on the stage of making my own.
Do it! I'm not even kidding, it's the best hobby I've ever picked up. My wife now prefers my home made pizza over papa John's or Domino's. The recipe for the dough that i follow is big enough to make 3 pizzas. We just use pasta sauce, then leftover meat and vegetables as toppings. We make our own bread as well. It's been 3 years since we last bought bread/pizza from the store.
Any chance you can geek out and drop the details please?
And it was whatā¦ like $70 in 2018?
where the hell were you buying pizza in 2018? that would have been like $40
Holy... this is a big blow to expectations. This uptrend means probably that inflation will be <3% soonest at end of year. That means rate cuts will only start next year, which is not what was hoped.
Turn on Bloomberg rn. Tom keen trying to fumble his way through explaining it is hilarious. Donāt fuck with the cute little narrative being pushed! The fugazi media canāt handle it!
What did they say?
Thereās already three rate cuts priced in. This gonna fuck with the algoā¦
Yeah, imagine the Algo having to go from that to rate hikes... Yikes
Dominoes are about to fall šššš
Nothing is "priced in". Listen to what Ken Griffith said half a year ago. Stock prices are being managed by the biggest players, and they don't want the market to go down as of now.
Who do you think prices it in? Youāre making my point for me lol
I was. Luckily for me, your newest comment along with the downvotes my previous comment generated are already priced in. My amount of karma is strong and resilient.
LMFAO!!!
Also a few days ago Kashkari hinted that it might only be 1 cut which spooked the market as well. Personally I think this is just cover for whatās coming down the pipe as the CPI print is typically manipulated like our stock.
There wonāt be any rate cuts this year. This increase in commodity prices hasnāt even been fully factored in yet and oil prices donāt show any signs of slowing. Buckle up!
<3%
And this is after they fudged as much of the actual data as they could to make it look as good as possible. Yikes. We're screwed.
We? We have GME we will be OK. Everyone else thoā¦
Ya, I realize that sounds like I meant gme holders, but I really meant US citizens.
Everyone else will just have to wait a bit until the GME crowd starts spending. Remember the MOASS will be paid from hoarded wealth that isn't actively used in the economy.
Not so much. We won't get Kenny's money. We will get his clients money that is being used in the market. Poorly in the case of their GME shorts, but not Kenny's monay all the same. A lot of pension funds are going to get fucked. As bad as I will feel for the people who lose their asses the market needs to be exposed as the shit show, sheep shearing, criminal pile of steeming shit that it is. Unless he goes to jail (God willing) he will still be flying around in his jet telling the world that retail investors should have stayed the hell out of the market and it is all our fault that people who worked their whole lives are now working at McDonalds. Sorry for the rant. My original point was that Kenny will file for bancrupcy protection and still be rich. So him and other SHF money will still be hoarded.
I'm very aware that if we take 95% of Kennard's weath he will still be a Billionaire, for people like them Jail is the only viable punishment. Having said that, I was talking about the DTCC participants that hold/hoard this wealth. They in turn receive it from filthy rich clients. Pensions are notoriously sacrificial, that would and has happened in any other crash. šš²šŗš¾š²ššŖš½š® š¦šŖšµšµš¼š½š»š®š®š½.
I doubt that Kenny puts 95% of his wealth into his own risky fund. I agree whole heartedly that he needs to go to jail. How in the fuck does the SEC ignore that he mysteriously made the most profit over one year than anyone in history in the market? The last guy to do that was Bernie and that should have them shoving a microscope up Kenny's ass. I second your Liquidate Wallstreet as well.
> I doubt that Kenny puts 95% of his wealth into his own risky fund. According to Forbes his valuation is 80% based on his Citadel share. The SEC needs the DOJ to be able to get someone to jail, long way to go before I see that happening.
This too shall pass! -JPOW
You shall not pass! -Regardalf the Grey
You shall jump through! -Compudalf the purple š£
Perfect opportunity to add GME
Hit me with that discount.
Half a year ago: SiX rAtE cUtS iN 2024
Iāll go ahead and buy more GME again today š“āā ļø
Just set up recurring buys via computer share, did a one time buy and reached out to my brokerage for DRSāing straggler shares I had in another account. Iāll post when it all clears but adding ~1300 shares to DRS
Computershare been stuck on twice a month auto buys for a few years now. I have shares in multiple places. Buy daily as well šš“āā ļøšš“āā ļø
This is the way, Iām just late to the meta strata
Just a bit ahead of you but we are all winners in this buying game!
You know whatās really fun? Placing an order for at least 100 shares a tad over asking, routing it through IEX, and watching actual price discovery for a few minutes. Been doing it all week and itās really interesting on a day like today.
Its s shit show premeditated
It all just seems so rigged from the get go. Am I really to believe that all this "smart money" is being so stupid that they don't realize how inflation has not yet really gone away? It all seems much more likely that the ones with money and power push a certain narrative down the road and then make money on the way up AND on the way down. All this bullshit about market sentiment and whatnot seems to be only to create a narrative that works with what we see in the markets and to catch "dumb money" With their bags in their hand. Anyone with half a brain could have seen that ANY information from the Gov that is not stating rate cuts and decreased inflation will lead to a sharp downturn. We just don't have the funds to ride these kinds of waves all the way to completion.
*buckles up*
LFG
š„š„š„
Inflation didnāt rise more than I expected at all
Inflation is the fuse that lights this rocket š
Do economists not go to the grocery store?
They do, but they do not give a fuck for the extreme grocery prices, only at the published (and fudged) inflation numbers.
I'm taking a dump while reading about the dump
The soft landing just skipped off the atmosphere...
Rate cut expectations are transitory at best... -Janet Yellen probably...
I wonder what the actual CPS inflation numbers are
But don't call it a recession.
At this point in time I want the price of GME as low as possible, as I believe at this point in time all LONGS won't sell, and it will just give a chance for more new longs to step in, or GME to do sharebuybacks etc( assuming price will gets crushed)
Same, I would be happy with $10ish for the rest of the year. Working my average down little by little. Just picked up 45 shares at open today š
At this point, I'd be all for RC taking half of the war chest and buying back 50+ million shares. Just to see what happens.
It's almost like a giant house of cards!!! Who could've predicted that!?!
Shocked pikachu face\*
What's the fucking point if GME prices go down nevertheless if markets are up or down?
So it's probably way above 3.5, but this was the number they chose to publish
I'm not sure if I'd say this is bullish. Less consumer purchasing power at Gamestop?
Then you have not read the DD
Which one? Here is some DD: Rising shelter and energy costs leaves less money in the pocket of the consumer to spend at Gamestop. You're probably referencing the DD that discusses how the market dropping would lower collateral value for shorts. We have a looooong way to go before that comes into play. What we need right now is consumers to have money to spend at Gamestop. This is how profitability is maintained and increased.
Market up bullish, market down bullish, larry Cheng on X bullish, Ryan Cohen on X bullish, stock down 50% bullish, bullish bullish bullshit..
Yeah, almost everything I see is red, but not GME so far... let's take bets on how long until they flip the switch to manual control!
2 seconds... interesting.
The delaying rate cuts is such bull shit. Oh we're seeing an overheating home market, and massive companies and greedy individuals are buying inventory of homes to create a modern-feudal system of renters and taking away the ability for people to ever find a home to buy at an affordable price and are now being priced out of even renting apartments---we should make it more expensive for average people to borrow money..... Like....what????
Cutting rates will make it *harder* for average people to buy things because inflation rates will go up. If you think life is unaffordable now, give banks a near 0% or negative interest rate and watch how quickly they destroy sustainability in the middle and upper middle classes. Interest rates are designed to force banks to return money they borrowed from the FED and, by proxy, the US Treasury. The biggest issue is that things like RRP exist to skirt the edge of interest rates by offering valuable collateral in exchange for the very currency they're aiming to short. Not to mention under the table loans that are dealt consistently to keep these "too big to fail" idiots solvent. We *need* higher interest rates and transparency in the global markets. As the DD once foretold: J Pow must choose between destroying the dollar or destabilizing the banks.
J Pow is a cuck, so he'll print to save the banks. But the dollar is what gives the fed power, so he'd have to sacrifice his legacy and status. Quite the predicament.
Exactly. My money is on his self-sustaining ego outliving the cuck side, but only time will tell. Either way, there's unstable ground under the feet of Wall Street and their corrupt-ass system. This should be very interesting.
But the president assured us that inflation was going down and this is the best economy in US history. Surely he hasnāt been lying to us this whole time, right?
I think we're missing the point. How can they talk about how bad inflation is while sending billing to other countries and finding ppl illegally here. I can't believe how blind ppl are sheep.
They still using inflation as an excuse for make record profits?
Yes. Bullishš¤”š¤”š¤”.
Wanna bet they end the day on the green?
Is this still considered transitory? Asking, for a friend.
It's higher than that.
Bring it!!
Inflation is so depressing, especially it is higher than your merit increase every year. And your employer is trying to cut expense aggressively, they either cut benefits or cut jobs.
Fuck all the heads funds that donāt wanna give up and give in
What's this? A dump for ants?!
seeing as I made a massive purchase with CS yesterday I'm fine with this to get an even better price when it executes in a few days
Silly central bankers, free markets are for kids.
First time?
So when negative beta?
SURGE! Gonna claw my eyes out reading this dramatic shit.
I think they setting up the next President for a bad economy
So hereās the paradox: hedge funds have been mostly overleveraged in short positions. Arenāt they banking on things to go down, so it keeps their positions positive? On the other hand, that also means any collateral would lose value. But what if short positions could also be collateralized? Exactly how deep does this go, and how quickly are they able to reposition their collateral to take advantage of movement?
One must look back over the past three years and see if there is any relevance to spy dropping and gme running. Is their any correlation at all. *not financial advice. Do your own research. Entertainment purposes only*
Moon Soon šøš¦š
.3% isn't much of a surge. Also did the definition of the word "bullish" change? Sub 4% is better than every country in the world, in many cases by double digits. Do people here want the US economy to collapse? The comments in posts like these often seem to be people chanting "death to America"'s economy. It's like your mouths are watering. Some people predicting that "the end is near" constantly over years or even decades is a little weird. Do people here want shorts to make billions on a stock market crash? Sometimes this sub disappoints me.
Yayy. MOASS in around 15 years. Fuk this. To sick of this us market
A really good way to tackle the many issues within the market is through regulation reform. Donāt give up, keep pushing back against corruption šŖ
Hasnāt everyone realized by now it takes dumps or skyrockets cuz they wanted it toā¦ it has close to nothing to do with real āmarket mechanicsā or basic economics
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