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The crashing of the stock market. By going up?

Posted on 1/27/21 at 10:08 am
Posted by PistolPete7
Member since Apr 2020
142 posts
Posted on 1/27/21 at 10:08 am
Great audio of how the stock market can crash up.
Venezuela anyone?

LINK
This post was edited on 1/27/21 at 10:23 am
Posted by Enadious
formerly B5Lurker City of Central
Member since Aug 2004
17690 posts
Posted on 1/27/21 at 10:10 am to
quote:

Great audio of how the stock market can crash up.


I'm trying but I can't hear it...
Posted by teke184
Zachary, LA
Member since Jan 2007
95633 posts
Posted on 1/27/21 at 10:10 am to
The only “crash” I see here appears to be hedge funds selling off other stocks to cover their shorts in GameStop and other stocks.

IOW, the Dow reflects what a “bucket” of hand picked stocks are doing but not necessarily what is going on from a total trading perspective.
Posted by BiteMe2020
Texas
Member since Nov 2020
7284 posts
Posted on 1/27/21 at 10:10 am to
Inflation, plus "investment bankers" telling people that Twitter is worth 1,000 times revenue, despite the fact that they didn't make a profit until 2018.

They're busy now correcting that mistake.
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
41130 posts
Posted on 1/27/21 at 10:11 am to
People betting on stock market downturns based off politics don't know much about the stock market.
Posted by squid_hunt
Baton Rouge
Member since Jan 2021
11272 posts
Posted on 1/27/21 at 10:13 am to
quote:

Twitter


Twitter was up the last few days.
Posted by VoxDawg
Glory, Glory
Member since Sep 2012
59962 posts
Posted on 1/27/21 at 10:13 am to
Posted by NPComb
Member since Jan 2019
27359 posts
Posted on 1/27/21 at 10:14 am to
My phone makes a buzzing sound but the audio is absent
Posted by jatilen
Member since May 2020
13608 posts
Posted on 1/27/21 at 10:17 am to
I just put my life savings in Tootsie Roll stock


Posted by Eli Goldfinger
Member since Sep 2016
32785 posts
Posted on 1/27/21 at 10:32 am to
Thanks to over valued tech stocks and resources like Robinhood, the stock market is no longer tethered to reality.
Posted by pizzathehut
west monroe
Member since Jul 2016
789 posts
Posted on 1/27/21 at 10:43 am to
Eli Goldfinger ,,,,,100 % correct....snake oil salesmen...
Posted by ricker300
Birmingham
Member since Jul 2007
337 posts
Posted on 1/27/21 at 10:48 am to
quote:

I just put my life savings in Tootsie Roll stock


You're dumb
Posted by gthog61
Irving, TX
Member since Nov 2009
71001 posts
Posted on 1/27/21 at 10:50 am to
quote:

People betting on stock market downturns based off politics don't know much about the stock market.



People who think Trump is like Bush II don't know much about politics.
Posted by mwlewis
JeffCo
Member since Nov 2010
21220 posts
Posted on 1/27/21 at 10:51 am to
quote:


The only “crash” I see here appears to be hedge funds selling off other stocks to cover their shorts in GameStop and other stocks.

IOW, the Dow reflects what a “bucket” of hand picked stocks are doing but not necessarily what is going on from a total trading perspective.

Can you explain this the same as you would to an 8 year old?
Posted by Dawgfanman
Member since Jun 2015
22382 posts
Posted on 1/27/21 at 10:52 am to
quote:

Thanks to over valued tech stocks and resources like Robinhood, the stock market is no longer tethered to reality.


It never was..manipulated as shot for the benefit of a few players..now they are exposing more of their tools for doing so.:
Posted by td01241
Savannah
Member since Nov 2012
22848 posts
Posted on 1/27/21 at 10:53 am to
If your referring to GME a sub reddit is bringing down Wall Street hedge funds who were illegally shorting stock to the tune of more shares the company even has. Let them bleed.
Posted by dafif
Member since Jan 2019
5574 posts
Posted on 1/27/21 at 10:57 am to
Just talked to my friend whose son is at Robinhood and he got out of GME this am. Also, said his son was on call from big wig at Morgan because they called all the puts. End of conversation was that they wanted to get paid so something like $600 mil was paid by Morgan.

I said good. Screw them.
Posted by 225Tyga
Member since Oct 2013
15808 posts
Posted on 1/27/21 at 11:03 am to
*Buy going up*
Posted by teke184
Zachary, LA
Member since Jan 2007
95633 posts
Posted on 1/27/21 at 11:05 am to
Investors hold a basket of stocks.

One particular stock, GameStop, is “shorted”, meaning they bet it will go down.

Other investors buy GameStop and make the price go up.

Those first investors need money to cover their bets on GameStop and are doing it by selling off their other stocks to raise money.

Result - GameStop surges in price but a bunch of unrelated stocks go down because people are selling them off to pay for bad bets on GameStop.
Posted by sportsaddit68
Hammond
Member since Sep 2008
5846 posts
Posted on 1/27/21 at 11:09 am to
So I'm confused here. Is there a way I can invest in $30 today and tomorrow have a few thousand? Asking for a friend.
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