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re: Dr. Burry of The Big Short fame has something to say about the r/WSB Gamestop situation

Posted on 1/27/21 at 9:44 pm to
Posted by Junky
Louisiana
Member since Oct 2005
9230 posts
Posted on 1/27/21 at 9:44 pm to
LINK


quote:

James Medlock
@jdcmedlock
Looks like the Alaska Permanent Fund's stake in GameStop has gone from about $1 million to about $39 million


I mean, it wont last, but
This post was edited on 1/27/21 at 9:45 pm
Posted by memphis tiger
Memphis, TN
Member since Feb 2006
20720 posts
Posted on 1/27/21 at 9:53 pm to
quote:

If we are not careful, this could be the trigger to some bad times ahead


Joe Biden is president
The Dems have both houses of Congress
There is all out war of free speech.


Bad times are coming no matter what.
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 1/27/21 at 9:55 pm to
The American people seem to have a growing number that just want to burn it all to the ground and this is yet another step towards that
Posted by memphis tiger
Memphis, TN
Member since Feb 2006
20720 posts
Posted on 1/27/21 at 9:56 pm to
quote:



It feels like they do ... but i don’t see how they stay in power if the economy truly tanks.



Pretty naive take.
They outlined the blueprint for stealing a presidential election for anyone paying attention.

Then they did it and got away with it.

They are doing this because they know their power is now untouchable.

This post was edited on 1/27/21 at 9:57 pm
Posted by BamaScoop
Panama City Beach, Florida
Member since May 2007
56808 posts
Posted on 1/27/21 at 10:00 pm to
There are about to be bad times ahead!
Posted by boosiebadazz
Member since Feb 2008
85685 posts
Posted on 1/27/21 at 10:01 pm to
The hypocrisy of the federal government will be laid bare if there are criminal charges for any redditors. There isn’t and wasn’t a crime committed here.

This is Occupy Wall Street 2.0. Wall Street may start to hedge on the back side of some of their trades due to this, but they really can’t stop it on the front end without laying bare the naked hypocrisy or undermining confidence and belief in the sanctity of the markets.

The proletariat is +1 today.
This post was edited on 1/27/21 at 10:02 pm
Posted by DesScorp
Alabama
Member since Sep 2017
10323 posts
Posted on 1/27/21 at 10:02 pm to
"You can't just delete/cancel investors"

They can do anything they want. And they're rubbing that in our faces, right now.
Posted by DesScorp
Alabama
Member since Sep 2017
10323 posts
Posted on 1/27/21 at 10:03 pm to
quote:

The hypocrisy of the federal government will be laid bare if there are criminal charges for any redditors. There isn’t and wasn’t a crime committed here.


They just indicted a man for posting a meme in 2016. There's no one they won't go after if they perceive them as a threat to the system.
Posted by boosiebadazz
Member since Feb 2008
85685 posts
Posted on 1/27/21 at 10:06 pm to
I guess that’s true when we give the State the monopoly on violence and the deprivation of liberty.

But I think the Feds would be wise to tread carefully given the tumultuous last few months.
Posted by TidenUP
Coden, AL
Member since Apr 2011
14682 posts
Posted on 1/27/21 at 10:08 pm to
quote:

the Feds would be wise to tread carefully given the tumultuous last few months.




Posted by memphis tiger
Memphis, TN
Member since Feb 2006
20720 posts
Posted on 1/27/21 at 10:14 pm to
quote:


They can do anything they want. And they're rubbing that in our faces, right now.


Yep. This guy gets it.
Posted by boosiebadazz
Member since Feb 2008
85685 posts
Posted on 1/27/21 at 10:28 pm to
Juxtapose this versus Loeffler and company trading on coronavirus briefings on top of Pelosi and Tesla today and the general insider trading that happens in Congress.

Joe has already shown he’ll capitulate to the left wing of his party. AOC is aware of the GameStop stuff today and that’s all Joe needs is for her to fire up the far left against Wall Street.

The establishment needs to let Citron and Melvin take this on the chin and hope the autists fracture or move on some other troll. Don’t give them indictments to rally around.
This post was edited on 1/27/21 at 10:30 pm
Posted by SOKAL
Member since May 2018
4124 posts
Posted on 1/28/21 at 12:35 am to
quote:

It feels like they do ... but i don’t see how they stay in power if the economy truly tanks.


The Democrats are shameless in the tactics they use to turn any crisis to their advantage. And, because the media is in lockstep with them, they are successful at it even when you can't believe anyone would buy their BS.

As a result, they simply are not limited by the same concerns politicians have been in the past. Crazy times.
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