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If the SEC does not take action. The market will Tank next week

Posted on 1/29/21 at 4:35 pm
Posted by Catchfalaya
Member since Feb 2018
1921 posts
Posted on 1/29/21 at 4:35 pm
If the SEC does not make a move to punish or arrest everyone involved with pausing trading on GameStop I think you’ll see a market nosedive. The common investor will have lost complete faith in the system knowing it is rigged to the elites.
Posted by Wednesday
Member since Aug 2017
15410 posts
Posted on 1/29/21 at 4:37 pm to
I’m sure the federal government will get right on restoring your faith in the free markets once it gets done with restoring your faith in free elections
Posted by theunknownknight
Baton Rouge
Member since Sep 2005
57305 posts
Posted on 1/29/21 at 4:37 pm to
Good

Screw the uppity assholes
Posted by NineLineBind
LA....no, the other one
Member since May 2020
6910 posts
Posted on 1/29/21 at 4:38 pm to
Keep an eye out over you shoulder. Sounds like you’re inciting a market insurrection.
Posted by Big Gorilla
Bossier City
Member since Oct 2020
5454 posts
Posted on 1/29/21 at 4:38 pm to
I don't think it will tank, but it will drop when the common man no longer has faith. With that said, I am enjoying more and more the videos of investors losing their minds over this.
Posted by pecxs
Pasadena, CA
Member since Dec 2003
512 posts
Posted on 1/29/21 at 4:39 pm to
Get out if you still can. Protect the profit.
Posted by Bulldogblitz
In my house
Member since Dec 2018
26781 posts
Posted on 1/29/21 at 4:40 pm to
Sure are a lot of people with zero 401ks or Roths rooting for the market to burn
Posted by theunknownknight
Baton Rouge
Member since Sep 2005
57305 posts
Posted on 1/29/21 at 4:41 pm to
Maybe because they have integrity
Posted by Wildcat1996
Lexington, KY
Member since Jul 2020
5963 posts
Posted on 1/29/21 at 4:42 pm to
Doubtful. Most people aren't going to make major adjustments to their retirement accounts.
Posted by DamnGood86
Member since Aug 2019
946 posts
Posted on 1/29/21 at 4:42 pm to
Everything should be back to normal in about two weeks.
Posted by Crimson Wraith
Member since Jan 2014
24747 posts
Posted on 1/29/21 at 4:43 pm to
Good thing I invested in physical gold, silver and lead.
Posted by Obtuse1
Westside Bodymore Yo
Member since Sep 2016
25623 posts
Posted on 1/29/21 at 4:48 pm to
quote:

I think you’ll see a market nosedive.


Depends on what you consider a nosedive. Probably 90% of trades are done via quant by institutional investors. I don't see the retail market breaking the market.
Posted by dakarx
Member since Sep 2018
6837 posts
Posted on 1/29/21 at 4:49 pm to
I'm sure they will take action.. but not against who they should. They will punish those peasants for trying to get into the market. I've heard more than one person claim that's only for the rich to make money on.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37084 posts
Posted on 1/29/21 at 5:11 pm to
The common man investor doesn't move the market. The common investors combined, won't move the market.

They can bind together and hit a few stocks here and there, though.
Posted by Seldom Seen
Member since Feb 2016
40083 posts
Posted on 1/29/21 at 5:13 pm to
quote:

Sure are a lot of people with zero 401ks or Roths rooting for the market to burn




Yes. We are.
Posted by Auburn1968
NYC
Member since Mar 2019
19467 posts
Posted on 1/29/21 at 5:14 pm to
The exclusive elite clubs that got burned when their manipulation backfired on them, will try to strike back at the army of ants.

However, once an army of ants tastes some short squeeze sugar, they will always be looking for more.
Posted by jamiegla1
Member since Aug 2016
6975 posts
Posted on 1/29/21 at 5:25 pm to
BUY BUY BUY!
Posted by BobABooey
Parts Unknown
Member since Oct 2004
14268 posts
Posted on 1/29/21 at 5:25 pm to
The whole thing is shady.

Any stock losses due to Biden’s EOs is being blamed on the GameStop situation. People are angry at the wealthy and will go along with “tax the rich” plans to get payback. Folks are ready to welcome more free market regulations via the SEC.

When you’re in agreement with AOC, you just gotta stop and assess.
Posted by TerryDawg03
The Deep South
Member since Dec 2012
15705 posts
Posted on 1/29/21 at 5:46 pm to
quote:

If the SEC does not make a move to punish or arrest everyone involved with pausing trading on GameStop I think you’ll see a market nosedive. The common investor will have lost complete faith in the system knowing it is rigged to the elites.


Common investors don't provide enough trading volume to tank the markets. That's the bitch of all this.

It's hedge funds and institutional investors, which is why they're shittin' kittens trying to make them happy.
Posted by roadtrash77
where the oil spurts
Member since Jan 2021
74 posts
Posted on 1/29/21 at 6:01 pm to
The idea is that these hedge funds that are 140% short on stocks like GME are now having to sell their long positions - AAPL, GOOG, AMZN, XOM, etc. - to liquidate enough cash to cover the short positions that have blown up in their face.

This results in massive sell offs of every blue chip stock and an overall decline in the S&P. You could get mad at the nerds for forcing GME through the roof, or you could get mad at THE FREAKING HEDGE FUNDS THAT ARE STILL 140% SHORT ON GAMESTOP BECAUSE THEY KNOW NOTHING BAD WILL HAPPEN TO THEM.

It’s your choice really.
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