Is this GameStop bubble dangerous to the global financial system?

[Circe]

Hey guys, your opinions on the issue of peril to the U.S. and/or global financial system with this wild and large sudden bubble?

I noted that just yesterday the bubble idea spread to Australia and quickly to Asia and Europe: it IS quick, very quick, money, if you luck out. But the Wall Street Journal said this morning that some $19 billion has been lost by hedge funds: that is serious money. The only way to make money in the stock market, I read years ago, is to take it from someone else. The small investors are now taking it from the big investors, and how.

Big money moving rapidly across the whole world --- what could go wrong with that? Well, last times it happened, the Russian collapse and the Asian financial crisis, it was a problem.

And I notice that the Fed, the Sec., and the White House (as well as their running dogs, the big social media outfits and trading companies) are taking alarm and running around trying to stop this, with so far no effect. If they are worried, I am at least somewhat worried ----- because by the time these people got worried in 2008 it was time to worry, and well past time.

What do you think?

 

[Moonglow]

I am sure the big guys will be hiring assassins for the little guys very soon.

 

[Ben Thomson]

Hey guys, your opinions on the issue of peril to the U.S. and/or global financial system with this wild and large sudden bubble?

I noted that just yesterday the bubble idea spread to Australia and quickly to Asia and Europe: it IS quick, very quick, money, if you luck out. But the Wall Street Journal said this morning that some $19 billion has been lost by hedge funds: that is serious money. The only way to make money in the stock market, I read years ago, is to take it from someone else. The small investors are now taking it from the big investors, and how.

Big money moving rapidly across the whole world --- what could go wrong with that? Well, last times it happened, the Russian collapse and the Asian financial crisis, it was a problem.

And I notice that the Fed, the Sec., and the White House (as well as their running dogs, the big social media outfits and trading companies) are taking alarm and running around trying to stop this, with so far no effect. If they are worried, I am at least somewhat worried ----- because by the time these people got worried in 2008 it was time to worry, and well past time.

What do you think?

Hedge funds bet that GameStop would soon go under so bought short. Somebody got the idea to hurt the hedge fund managers by getting an army of small investors to buy GameStop stock. Price went way up instead of down costing hedge funds billions. One problem...GameStop stock is not really worth the inflated price this gambit caused. Somebody else is also set to lose big time and it's going to be those small investors.

 

[Circe]

Hedge funds bet that GameStop would soon go under so bought short. Somebody got the idea to hurt the hedge fund managers by getting an army of small investors to buy GameStop stock. Price went way up instead of down costing hedge funds billions. One problem...GameStop stock is not really worth the inflated price this gambit caused. Somebody else is also set to lose big time and it's going to be those small investors.

Not necessarily ---- after all, fully $19 billion has already been distributed into the wild. SOME people are a lot richer! Quite a few, in fact. Not everyone is going to hold on till it all goes away, after all. The WSJ has a story about a guy in Atlanta just paid off all his college debt, $43,000, overnight with GameStop money.

But "how" was not my question. This democratization of Wall Street was quite an idea and it is spreading around the world now. That's a lot of money making big waves, taking down large hedge funds, at least. I am wondering if the U.S. or global financial system itself is in danger. Like it was with the 2008 Great Recession.

 

[Tom Paine 1949]

This rebellion of some internet mobs of little speculators against big speculators in “short” Hedge Funds is amusing but will have no lasting effect. It hopefully will point out to sane people once again how the “free market,” with its “too big too fail” banks and Fed-backed Hedge Funds, and the inflated stock market generally is today little more than a rotten casino favoring capital at the expense of the real economy.

There is a need not only to shut down big speculators using easy credit and leverage, but to further restrict “margin” buying, crony capitalism and disembodied finance capitalism as a whole. Taxes on the purchase and sale of stock transactions is one important way to begin. Also “Tobin Taxes” on foreign exchange and other realms where speculative money flows can prove destabilizing. Many zombie financial corporations and regular ones that obviously will never be profitable again will need to be euthanized in the next period, with new managements to pick up the pieces where there are any worthwhile ones. Stock option / stock buybacks should be outlawed altogether as a management payment arrangement. There are no easy answers since the “systemic corruption” has spread everywhere.

But the system’s stability is not at all directly threatened by these little guy “pump and dump” schemes. At least in my opinion.

 

[Votto]

Hey guys, your opinions on the issue of peril to the U.S. and/or global financial system with this wild and large sudden bubble?

I noted that just yesterday the bubble idea spread to Australia and quickly to Asia and Europe: it IS quick, very quick, money, if you luck out. But the Wall Street Journal said this morning that some $19 billion has been lost by hedge funds: that is serious money. The only way to make money in the stock market, I read years ago, is to take it from someone else. The small investors are now taking it from the big investors, and how.

Big money moving rapidly across the whole world --- what could go wrong with that? Well, last times it happened, the Russian collapse and the Asian financial crisis, it was a problem.

And I notice that the Fed, the Sec., and the White House (as well as their running dogs, the big social media outfits and trading companies) are taking alarm and running around trying to stop this, with so far no effect. If they are worried, I am at least somewhat worried ----- because by the time these people got worried in 2008 it was time to worry, and well past time.

What do you think?

I think you should be more worried about a debt of $30 trillion and a government that wants to spend $100 trillion to fight the air.

But I digress.

 

[Pavel Svinchnik]

I think that this is an extension of the revolt of the "deplorables" against the elite overclass, similar to the Brexit repudiation of the pollsters and the Trump election over the ordained election of Hillary. The little people are recognizing their power over their rulers,

 

[tyroneweaver]

Hey guys, your opinions on the issue of peril to the U.S. and/or global financial system with this wild and large sudden bubble?

I noted that just yesterday the bubble idea spread to Australia and quickly to Asia and Europe: it IS quick, very quick, money, if you luck out. But the Wall Street Journal said this morning that some $19 billion has been lost by hedge funds: that is serious money. The only way to make money in the stock market, I read years ago, is to take it from someone else. The small investors are now taking it from the big investors, and how.

Big money moving rapidly across the whole world --- what could go wrong with that? Well, last times it happened, the Russian collapse and the Asian financial crisis, it was a problem.

And I notice that the Fed, the Sec., and the White House (as well as their running dogs, the big social media outfits and trading companies) are taking alarm and running around trying to stop this, with so far no effect. If they are worried, I am at least somewhat worried ----- because by the time these people got worried in 2008 it was time to worry, and well past time.

What do you think?

Do you feel sorry for someone who owns 2 yachts

 

[Issa]

Hey guys, your opinions on the issue of peril to the U.S. and/or global financial system with this wild and large sudden bubble?

I noted that just yesterday the bubble idea spread to Australia and quickly to Asia and Europe: it IS quick, very quick, money, if you luck out. But the Wall Street Journal said this morning that some $19 billion has been lost by hedge funds: that is serious money. The only way to make money in the stock market, I read years ago, is to take it from someone else. The small investors are now taking it from the big investors, and how.

Big money moving rapidly across the whole world --- what could go wrong with that? Well, last times it happened, the Russian collapse and the Asian financial crisis, it was a problem.

And I notice that the Fed, the Sec., and the White House (as well as their running dogs, the big social media outfits and trading companies) are taking alarm and running around trying to stop this, with so far no effect. If they are worried, I am at least somewhat worried ----- because by the time these people got worried in 2008 it was time to worry, and well past time.

What do you think?

The hedge funds are and their bought politicians.

 

[Deplorable Yankee]

Reddit Preparing To Unleash "World's Biggest Short Squeeze" In Silver
BY TYLER DURDEN
SATURDAY, JAN 30, 2021 - 15:30
While all eyes have been focused on GameStop and a handful of other heavily-shorted stocks as they exploded higher under continuous fire from WallStreetBets traders igniting a short-squeeze coinciding with a gamma-squeeze, the last few days saw another asset suddenly get in the crosshairs of the 'Reddit-Raiders' - Silver.
On Thursday, we asked "Is The Reddit Rebellion About To Descend On The Precious Metals Market?" ... One WallStreetBets user (jjalj30) posted the following last night:

Silver Bullion Market is one of the most manipulated on earth. Any short squeeze in silver paper shorts would be EPIC. We know billion banks are manipulating gold and silver to cover real inflation.
Both the industrial case and monetary case, debt printing has never been more favorable for the No. 1 inflation hedge Silver.
Inflation adjusted Silver should be at 1000$ instead of 25$. Link to post removed by mods.
Why not squeeze $SLV to real physical price.
Think about the Gainz. If you don't care about the gains, think about the banks like JP MORGAN you'd be destroying along the way.
...

Tldr- Corner the market. GV thinks its possible to squeeze $SLV, FUCK AFTER SEEING $AG AND $GME EVEN I THINK WE CAN DO IT. BUY $SLV GO ALL IN TH GAINZ WILL BE UNLIMITED. DEMAND PHYSICAL IF YOU CAN. FUCK THE BANKS.
Disclaimer: This is not Financial advice. I am not a financial services professional. This is my personal opinion and speculation as an uneducated and uninformed person.

...and judging by the unprecedented flows into the Silver ETF (SLV) they just got started...
SLV saw inflows of almost one billion dollars on Friday, almost double the previous record inflow for this 15 year-old ETF.


Sold out kraken!

I went To Buy 250 coins ...it was fine....I didn't have enough in checking account transaction declined! I was short 3 grand...... derp.I fuckin moved money.. .....it was less than 10 minutes ....sold out lol...they were just there ......

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[Deplorable Yankee]

He don't have any other 2 oz coins that was the only one

 

[Deplorable Yankee]

The politicians and other assorted useful idiots are scrambling to blame someone ....or something ....blame the fed res retards

They're the only ones to blame

 

[konradv]

Hey guys, your opinions on the issue of peril to the U.S. and/or global financial system with this wild and large sudden bubble?

I noted that just yesterday the bubble idea spread to Australia and quickly to Asia and Europe: it IS quick, very quick, money, if you luck out. But the Wall Street Journal said this morning that some $19 billion has been lost by hedge funds: that is serious money. The only way to make money in the stock market, I read years ago, is to take it from someone else. The small investors are now taking it from the big investors, and how.

Big money moving rapidly across the whole world --- what could go wrong with that? Well, last times it happened, the Russian collapse and the Asian financial crisis, it was a problem.

And I notice that the Fed, the Sec., and the White House (as well as their running dogs, the big social media outfits and trading companies) are taking alarm and running around trying to stop this, with so far no effect. If they are worried, I am at least somewhat worried ----- because by the time these people got worried in 2008 it was time to worry, and well past time.

What happens to all those investors, when Game Stop stock valuations go back to what they're really worth? It may have been fun, but I hope not too many have "invested" more than they can lose.

 

[Toro]

No. It's not a systemic event.

 

[Toro]

Reddit Preparing To Unleash "World's Biggest Short Squeeze" In Silver
BY TYLER DURDEN
SATURDAY, JAN 30, 2021 - 15:30
While all eyes have been focused on GameStop and a handful of other heavily-shorted stocks as they exploded higher under continuous fire from WallStreetBets traders igniting a short-squeeze coinciding with a gamma-squeeze, the last few days saw another asset suddenly get in the crosshairs of the 'Reddit-Raiders' - Silver.
On Thursday, we asked "Is The Reddit Rebellion About To Descend On The Precious Metals Market?" ... One WallStreetBets user (jjalj30) posted the following last night:

Silver Bullion Market is one of the most manipulated on earth. Any short squeeze in silver paper shorts would be EPIC. We know billion banks are manipulating gold and silver to cover real inflation.
Both the industrial case and monetary case, debt printing has never been more favorable for the No. 1 inflation hedge Silver.
Inflation adjusted Silver should be at 1000$ instead of 25$. Link to post removed by mods.
Why not squeeze $SLV to real physical price.
Think about the Gainz. If you don't care about the gains, think about the banks like JP MORGAN you'd be destroying along the way.
...

Tldr- Corner the market. GV thinks its possible to squeeze $SLV, FUCK AFTER SEEING $AG AND $GME EVEN I THINK WE CAN DO IT. BUY $SLV GO ALL IN TH GAINZ WILL BE UNLIMITED. DEMAND PHYSICAL IF YOU CAN. FUCK THE BANKS.
Disclaimer: This is not Financial advice. I am not a financial services professional. This is my personal opinion and speculation as an uneducated and uninformed person.

...and judging by the unprecedented flows into the Silver ETF (SLV) they just got started...
SLV saw inflows of almost one billion dollars on Friday, almost double the previous record inflow for this 15 year-old ETF.


Sold out kraken!

View attachment 451020
I went To Buy 250 coins ...it was fine....I didn't have enough in checking account transaction declined! I was short 3 grand...... derp.I fuckin moved money.. .....it was less than 10 minutes ....sold out lol...they were just there ......

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

I hope the article is right. I own a lot of silver.

The gist of the article is that the silver futures market is highly leveraged to the physical silver market, which is true. The article estimates that for every $250 of silver futures outstanding, there is only $1 of actual silver. If owners of silver futures start demanding physical silver when their contracts expire - which is their right - then those who sold them the future would have to go into the market and buy the physical silver for delivery, of which there is not enough. This would cause the price of silver to soar higher.

 

[DudleySmith]

I hope they bankrupt most of the hedge funds and faux ;'private equity' rackets, and then bankrupt themselves. Bogus 'currencies' like Bitcon, day traders, and automated computer trading are far bigger dangers, not including the crappy GAAP accounting farces and 'globalist' labor racketeering.

 

[DudleySmith]

Hey guys, your opinions on the issue of peril to the U.S. and/or global financial system with this wild and large sudden bubble?

I noted that just yesterday the bubble idea spread to Australia and quickly to Asia and Europe: it IS quick, very quick, money, if you luck out. But the Wall Street Journal said this morning that some $19 billion has been lost by hedge funds: that is serious money. The only way to make money in the stock market, I read years ago, is to take it from someone else. The small investors are now taking it from the big investors, and how.

Big money moving rapidly across the whole world --- what could go wrong with that? Well, last times it happened, the Russian collapse and the Asian financial crisis, it was a problem.

And I notice that the Fed, the Sec., and the White House (as well as their running dogs, the big social media outfits and trading companies) are taking alarm and running around trying to stop this, with so far no effect. If they are worried, I am at least somewhat worried ----- because by the time these people got worried in 2008 it was time to worry, and well past time.

What happens to all those investors, when Game Stop stock valuations go back to what they're really worth? It may have been fun, but I hope not too many have "invested" more than they can lose.

If they succeed in driving out the shorts, it's not that big a loss for them; the P/E ratios for most stocks are ridiculously high already, so it doesn't really add much more risk than is already there. It's just one stock, and not even remotely as important as, say, even minor movement in Apple or MS prices.

 

[Circe]

No. It's not a systemic event.

Why not? The Railway Mania in 1845 certainly was --- the British financial system was days away from a system of barter, a Bank of England spokesman said later. Many, many banks collapsed. Like during the 2008 crisis large banks collapsed and the rest froze up all over the world and money stopped moving. Now the Reddit Rebels are piling into silver: I am not convinced that none of these huge money moves matter.

 

[Circe]

The gist of the article is that the silver futures market is highly leveraged to the physical silver market, which is true. The article estimates that for every $250 of silver futures outstanding, there is only $1 of actual silver. If owners of silver futures start demanding physical silver when their contracts expire - which is their right - then those who sold them the future would have to go into the market and buy the physical silver for delivery, of which there is not enough. This would cause the price of silver to soar higher.

Sounds like a great target for a short squeeze, then. Probably why it was chosen: a lot of these Reddit Rebels are highly self-educated and know what they are doing. People are never quite as stupid as everyone else wishes.

 

[Deplorable Yankee]

Hey guys, your opinions on the issue of peril to the U.S. and/or global financial system with this wild and large sudden bubble?

I noted that just yesterday the bubble idea spread to Australia and quickly to Asia and Europe: it IS quick, very quick, money, if you luck out. But the Wall Street Journal said this morning that some $19 billion has been lost by hedge funds: that is serious money. The only way to make money in the stock market, I read years ago, is to take it from someone else. The small investors are now taking it from the big investors, and how.

Big money moving rapidly across the whole world --- what could go wrong with that? Well, last times it happened, the Russian collapse and the Asian financial crisis, it was a problem.

And I notice that the Fed, the Sec., and the White House (as well as their running dogs, the big social media outfits and trading companies) are taking alarm and running around trying to stop this, with so far no effect. If they are worried, I am at least somewhat worried ----- because by the time these people got worried in 2008 it was time to worry, and well past time.

What happens to all those investors, when Game Stop stock valuations go back to what they're really worth? It may have been fun, but I hope not too many have "invested" more than they can lose.

Buy low sell high ....as old as the dawn of time

Some don't care at all

One guy all he had to his name was 35 grand he went all in cause the banks took his dads home in 2008....dad became a miserable alkie till the day he died...hates the wall Street "-banks"

He ended his post this is for you dad