so far, second day feels like the first

[sdholloway56]

as the destruction of the Robinhood crowd proceeds while everybody's fixated on the short squeeze stocks.

The short squeezers will butn themselves out eventually or if they don't the exchanges really will have to step in. But in the broad market, let 'em Buy The XXXXing Dip every day, then slam their fingers in the door.

Get the indexes back to where they were 90 days ago through March option expiration and most of the accounts will be drained. They can't bother you when they don't have any money.

Markets are markets. They aren't video games, online casinos or social justice vehicles.

[BA Deere]

If the median income of the Reddit group is $200,000 and they each blow $1,000 on this, it`s cheap entertainment.  Like the Boy says he can`t fly to Vegas anyway  🙂   It`s a education factor for the masses, more people learned more about short squeezes than they did in 2 semesters at university.

[sdholloway56]

The short squeezes are a distraction- and an opportunity for fascists to recruit a new aggrieved demo.

In the broader market, outstanding volume in calls and put/call ratios are off the charts crazy.

It isn't a conspiracy, it is what markets do. A little like the short squeezes, there's blood in the water and the sharks are circling.

A few people will come out of this larger episode very well, most not all that well. Some will be hurt very badly.

[BA Deere]

The only thing remotely "fascist" about bleeding shorts is the Elizabeth Warren wing making "pinky promises" with the little people and then not holding elite`s to the fire when they get in power.  Fundies donate to both parties, because government works as a partner of business which is included in the definition of fascism.

In anticipation of professor Bruce

"In general, fascist governments exercised control over private property, but they did not nationalize it. ... Business leaders supported the government's political and military goals. In exchange, the government pursued economic policies that maximized the profits of its business allies."

[r3020]

The question is just where did these short squeezers get all of the shares they shorted?

[sdholloway56]

The first part of the narrative is fine- a novel short squeeze of massive degree. But the big players who actually created it- like Michael Burry- are long gone and now people are just going to get hurt.

All the rest is varying degrees of BS. Short sellers don't really kill crap companies that are worth pennies or maybe dollars a share although they do tend to force them to the reckoning of needed restructuring, sales, merger etc.

I don't care who it is- if George Soros puts on a short squeeze and forces a $1 stock to $400, the exchanges or eventually regulators are going to step in and attempt to restore some order.

Any little guy who rode the tails of pyamiding calls into a 100 or 1000:1 profit isn't a victim, he's just a fool for not taking it. The fascist thing only comes in because in the current online environment they're always looking to stir discontent and recruit a new class of disgruntled victims.

That's what Sam was doing last night.

[sdholloway56]

I haven't yet ascertained anything definitive regarding allegations that there was naked shorting involved.

If so, it wouldn't be the regulatory failure of the people in charge the last 4 years. It would be the Deep State, and probably George Soros, to boot.

Go find another bone to chew on.

[BA Deere]

Or laissez faire and let the shorties come crawlin` for GameStop shares at $2 million a pop.

[sdholloway56]

It's over, Rover.

The smart money is gone.

Now people are just going to get hurt, and I suppose feel like Real Victims and join the Nazis or something.

[r3020]

Hamptons got some help this morning. What did * know and when did he know it?

GME, AMC, and a slew of other highly-shorted names are suddenly plunging as reports of outages of the WallStreetBets site on Reddit spread.

This is what some are seeing this morning...

https://www.zerohedge.com/markets/highly-shorted-stocks-slammed-wallstreetbets-reddit-site-goes-down...