Or it's exactly these people who pushed them. If you look into it you'll see this same thing is occurring across Europe. Even stocks like Blockbuster are getting squeezed out of nowhere. Reddit and 4chan have weaponized autism but certainly not on this scale. It's always a few oddities here and there, not on this scale.
Elon pointed them in the right direction. I trust even if government doesn't come through and does something stupid like bail the hedgekikes out it's at least red pilled many many dormant men.
Problem is people have been beaten down don't even realize how much they lose on taxes, inflation etc. They all became content and jaded.
But for a month or week or day depending on when they hoped on board, they all had hope and dreams and desires they've never had. They banded together as a community that was prospering together like they've never had. The felt greed and power and success. And if that's taken away. They'll never forget who did it to them.
"It was not part of their blood, It came to them very late, With long arrears to make good, When the Saxon began to hate.
They were not easily moved, They were icy -- willing to wait Till every count should be proved, Ere the Saxon began to hate.
Their voices were even and low. Their eyes were level and straight. There was neither sign nor show When the Saxon began to hate.
It was not preached to the crowd. It was not taught by the state. No man spoke it aloud When the Saxon began to hate.
It was not suddently bred. It will not swiftly abate. Through the chilled years ahead, When Time shall count from the date That the Saxon began to hate."
don't even realize how much they lose on taxes, inflation etc.
Don't forget labor being devalued by importing immigrants and offshoring other jobs.
Or it's exactly these people who pushed them.
250,000 people on WSB.
Lots of $500-$1000 share purchases.
All people trying to call bs on this forget:
It's not the 250,000 people that matter. Thats like seeing the cowboys and not the herd.
You'd be like "why all the stampeding and dust cloud on the horizon? All I see are cowboys coming over that hill."
The 250,000 moved at once, which ended up moving the majority of robinhood users, which last I checked is 13 MILLION people.
And from there, that move spread to TD ameritrade and the rest of the fractional shares market.
And now you know why it looks like "theres no way a subreddit could move that kind of money! This smells like a trap designed by the whales on wallstreet to profit from the collapse while wallstreet blames mainstreet."
It's not. This is mainstreet learning how to play the game.
And the whales realize time is up so now the flow is gonna reverse hard, as they all see the writing on the wall and try to make a buck before the value of that buck drops to zero.
I'm not saying it was a whale or there's no way retail can move it, I'm saying it would be stupid to think they don't have a team of lackies sitting around thinking about how they can use this to their advantage in some way. Disseminating certain ideas or moves or whatever. I have heard for a long time that they have scanners on subreddits like this, monitoring chatter etc.
I'm not saying it was a whale or there's no way retail can move it
If thats not what you were trying to say I'd be surprised.
In any case them trying to play this doesn't matter and thats just what I'm getting at. Because at the point they stop trying to kill the threat to the whole table (ending the WSB crowd pump), it only means one thing: They see the writing on the wall for the whole hedge system. You don't buy into financial contagion to make a buck unless you know the jenga tower is getting ready to fall anyway--no more than you would jump from the 40th story of a building, unless it was a choice between jumping or burning to death in the world trade center.
In fact I'd say from that perspective you're actually making the argument for me.
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