The Stock Market Thread

If that’s giving someone the benefit of the doubt. Good lord

 

GME back on it's roller coaster ride.

 

I’d be surprised if there weren’t regulations put in place to stop this from happening again

 

it’s fun to watch. You know it all has to blow up spectacularly eventually, but it’s interesting to see how far they can take it.

 

The fact that the company still exists is the evidence. They didn't finance themselves, and if the companies that had backed them had gotten run, they wouldn't have continued to back them. That's not going to be the case with the every day stock owner. I doubt very few who got bit by them are buying back in. But folks like AC are. Windestream and Uniti or whatever both got injections of cash from companies.

They've walked their way out of bankruptcy So yea, they would have survived ... not having to declare bankruptcy as well.

 

Unrelated, but Pelosi put 1 million dollars into Tesla right as Biden announced shifting the 650,000 federal gov vehicle fleet to all electric.

The congressional trading shit needs to be brought in line with the basic expectations of the rest of the people in terms of ethics. I think Elizabeth Warren is right: they shouldn't be able to trade at all while in office. All to a blind trust. A DOUBLE BLIND TRUST. If that is a thing, and if it isn't it should be.

 

Yes, four posts. That's as much as you got. I don't know that I give anyone else four posts.

 

Today will tell me a lot. If it doesn't pop up through the course of the day back to near where it was earlier this week, it is probably going to collapse next week. I have to assume anyone with two brain cells to rub together got in on this awhile ago and will cash out towards the end of today or early next week.

 

Yea. When it's common news to hear about insider trading amongst both houses of Congress... it's a little too common place.

 

Ok, they are just thumbing their nose at the SEC now.

 

I like chaos so I like this, but no way they're going to let regular people [uck fay] over the firms playing the games.

 

huh? Most companies that go into bankruptcy don’t cease to exist. Look at United or California pizza kitchen. They went into bankruptcy to void most of their debt, but still survived as companies.

 

i didn’t realize members of Congress were even allowed to buy individual stocks. I thought they all had to have someone else manage it.

 

It’s like when you are at the casino. How many people walk away when they are way up? Not many. That’s just human nature

edit: also the volume tells me plenty of people are still buying. This is like a pyramid scheme. As long as you can get someone else to buy in its fine.

 

I do not believe most companies that go into bankruptcy make it back. I believe bankruptcy kills most companies dead. Where do I go to see these stats that show companies survive bankruptcy?

 

the bigger the company the more likely to survive. Mom and pop aren’t surviving.

https://abcnews.go.com/amp/Business/story?id=7712263&page=1

 

Not a good look that Yellen was paid 800,000 dollars to come speak at the hedge fund that's caught up in all of this.


Besides being involved in UT athletics, politics might be the route to go

 

I need you to define "most" here, and also "big."

This article you've linked to help with your confirmation bias says "can" which implies difficulty, otherwise they would have used "will." And then it talks about four companies. I do not believe four is most. I will grant that GM qualifies as big. But I don't know what the small size of "big" is, to you.