After the sudden rise of GME, "regulations" are stepping in and forbidding trade. The "hot stock" values IMMEDIATELY DROPPED IN VALUE BY FIFTY PERCENT!
Intentional market crash is imminent.
Comments (31)
sorted by:
If all these platforms are forbidding trade, particularly public trade, doesn't that mean the only buyers are the shorters trying to recoup loses? If you're trying to send a message and you only put in enough that you're willing to lose, you should probably let it ride.
Yes. They shouldn't sell, because that means the shorters are off the hook. Manipuation at it's finest.
I'm not just referring to the hot stocks. I'm getting out entirely. An account worth $60k, and they just pulled this bullshit, I can't see a situation where the market DOESN'T crash.
GME will be the only thing that doesn't crash, and they'll take over the world!
And it will be an improvement. Literally, if the government was run by Gamestop - Gamestop - it would be an improvement.
If Gamestop ran things, my property taxes would be like $3. They low ball everything like mad.
A second hand house? I I can only offer you $10 government credit for that.
Same. I had assumed that’s what OPs title meant. The boomers are scared and I’m worried the market in general is about to dip
The GME shorts expire tomorrow. Don't listen to this wall street stan. They want the market flooded with sell orders, which is why you are still allowed to close those positions on RH. Hold the line and wipe them out.
I don't care what you do with GME. But what they just did to the markets will have real consequences. If you have other stock investments, this is the time to sell it all.
I misunderstood you.
Blood for the blood god!
We Like The Stock!
Hold the line!
No. Just no.
As long as money printer go brrrr, stocks in general are a long term hold/buy.
I'M NOT SAYING DROP GME
Shit like what they're doing will have major consequences with credibility towards investors. I'm saying EVERYTHING is going to go down in value pretty damn soon!
Already pulled out when the market hit 30k. Locked in profits and going to sit in liquidity for a while. But most of my money is in farmland already. Stocks were only 30% of my portfolio to start with.
https://i.kym-cdn.com/photos/images/original/002/004/730/5ad.jpg
Yeah, yeah, and video games are "fun".
Nice.
Hah, the Ender's Game of the economy.
"Wot? I thought I wuz just playin' a new version of Adventure Capitalist ..."
Inb4 media start calling it a "Trump bubble"
You're already too late, "Trumpism" was already dropped yesterday.
I just invest a little each check as a side hobby and also as an extra savings account for retirement.
I have a few hundred in some kind of managed mutual fund that I stick $25 a month into because I found out I could. I know not what else to do with stock markets from there.
That's something I've done too, in fact, it was a major part of my investing income. I pulled out of them solely because I'm expecting a total crash after this bullshit. I can invest in them again later.
Right now, it's just sort of a (second) place to put money aside in ... I also put another $25 into a TFSA (basically, a tax shelter for poor people, that a lot of folks seem to misunderstand and confuse with those rip-off things that punish you for taking your own money, like RRSPs and GICs.) It's fluctuating, but not so much that I'm worried about what I sunk into it. Yet.
But I only know about it because of a casual question about investing I made at my bank, and that's what they sold me. I haven't a clue how to get into stocks or how much you need. And yeah, it always sounded like gambling to me, and I've never been much for gambling, because if it weren't for bad luck, I'd have no luck at all.
Fuck you, I'm holding.
Hold onto your GME, I don't care, but you need to bail from the market entirely after that's over.
I don't trust the market at all, but it really doesn't have anything to do with these short squeezes. Those were going to drop back down to realistic values eventually and it was going to be hard and fast. The shitty part is the manipulation by the brokers seemingly to force that sooner rather than later.
The issue with my general distrust in the market is I think it's overpriced. Sure, it will drop off eventually too (in my opinion). The problem is when. It could be tomorrow or it could be two years from now. If I hold everything in cash and it's two years, I take losses to inflation while they print the money on up. I'm more out of the stock market at this point than nearly ever, and I'm still not sure that's the right move. In the meantime I'm sort of working on diversifying into commodity ETFs and trying new things. Because in the end I just can't convince myself that trying to play timing and sitting on cash is the right move either.
All I can say as an alternative to holding onto cash is covering long-term loans. I might just take $20k of what I just removed from investments and put it toward my home mortgage.
I have been doing a lot of that type stuff. I hate debt in general anyway. I've gotten to the point my stock market type investments are pretty much exclusively in my 401k and Roth IRA. I'm not screwing around with them that much although I do have a lot of some "inflation protected" bond right now in the 401k that I don't trust to be inflation protected at all.
I used to keep more stocks outside of those accounts, but except for little bets here and there I just like putting that other cash into something else with the mindset that I've got more than enough exposure into stock markets, ETFs, funds, you know all that funny paper in those two accounts. I'm screwing with real estate and a tiny side project of crypto and precious metals (like in the hundreds of dollars tiny at this point).
?✋