[Stonks] GME market manipulation by hedge funds
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What we're seeing is the knock-on effects of MONEY PRINTER GOES BRRRRRRR. All that excess money is now flooding into the stock market and killing shorts.
You're absolutely on the mark.
Even though it takes a lot of sophistication to come up with the high-IQ play of shorting 100+% of a float, there's legit no way the markets would remain so bullish during a fucking scamdemic being treated as a pandemic if this wasn't true.
Not to mention some percentage of people have even taken the stimulus money and directly injected it into stocks like the filthy degenerates that we all are.
Sure, the ~$28T in debt and constantly super-low interest rate might fuck us over, but that's a problem for 'Murrica of Tomorrow.
Yeah there's something weird going on and I can only attribute it to a ton of new money as well. I've damn near been on a spending spree lately to not be stuck with a bunch of dollars that I just let inflate away. I've pretty much set a hard limit on how much plain old USD I keep in the bank, and the rest is going to tangible assets, real estate, precious metals, stocks, crypto, etc. I can find no reason to hang on to cash for anything more than an emergency fund and short term expense anymore.