I’ve been an ultra-annoying poster the last couple months, even gone so far as to invite my first two(2!) bannings, but I think it’s primarily due to ambivalence about all these shenanigans posted above. The GME situation was just the straw that broke my cerebral cortex. Every day I stream Bloomberg for at least a portion of the morning to grab the business news. And every day I see the JPMorgan spot where they claim to help customers “explore the other side of volatility”, essentially advertising they trade on somewhat inside information or some such advantage.
Hedge funds could reliably bring in billions until Warren Buffet figured out that the fees ruin any questionable investing advantage they had, so now they make money off inorganic volatility. Adding to that a supremely lax regulatory environment….and you get the Gamestop situation, which is really just an extreme example of everything we’ve seen with TSLA for years and year.
At the risk of an unprecedented 3rd(1) banning, and with all respect to our wonderful mods(no sarcasm), I would again ask the good people of TMC to dissect the GME situation and continue the conversation with this very much still alive experiment as a backdrop. The power these clowns have is unfathomable in this window of zero regulation, it’s like Gordon Gecko if there were no repercussions.