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RomeyT
LIF Infant
Member since 1/21 355 total posts
Name:
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Stocks are Tanking...who’s to blame?
And GO!
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Posted 1/29/21 12:25 PM  |
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BFNY516
LIF Adult
Member since 7/20 1189 total posts
Name:
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Stocks are Tanking...who’s to blame?
the established greedy "market makers." And mostly Robinhood and their backers.
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| Posted 1/29/21 12:48 PM |
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RomeyT
LIF Infant
Member since 1/21 355 total posts
Name:
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Re: Stocks are Tanking...who’s to blame?
Posted by BFNY516
the established greedy "market makers." And mostly Robinhood and their backers.
Well the market started declining before that.
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| Posted 1/29/21 12:49 PM |
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BFNY516
LIF Adult
Member since 7/20 1189 total posts
Name:
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Stocks are Tanking...who’s to blame?
Declined prior due to the pandemic.
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| Posted 1/29/21 12:58 PM |
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RomeyT
LIF Infant
Member since 1/21 355 total posts
Name:
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Re: Stocks are Tanking...who’s to blame?
Posted by BFNY516
Declined prior due to the pandemic.
Hit 30K in late November. Record High.
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| Posted 1/29/21 1:21 AM |
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Hofstra26
Love to Bake!
Member since 7/06 27915 total posts
Name:
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Re: Stocks are Tanking...who’s to blame?
The stock market has been having all kinds of lows and highs since the pandemic started. But if you are looking to blame someone, Biden has only been around a week so
I'll put this one on Trump. 
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| Posted 1/29/21 1:25 AM |
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GoldenRod
10 years on LIF!
Member since 11/06 26792 total posts
Name:
Shawn
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Re: Stocks are Tanking...who’s to blame?
Posted by RomeyT
Posted by BFNY516
Declined prior due to the pandemic.
Hit 30K in late November. Record High.
Record high was after Biden was sworn in.
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| Posted 1/29/21 1:29 AM |
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BFNY516
LIF Adult
Member since 7/20 1189 total posts
Name:
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Re: Stocks are Tanking...who’s to blame?
Posted by GoldenRod
Posted by RomeyT
Posted by BFNY516
Declined prior due to the pandemic.
Hit 30K in late November. Record High.
Record high was after Biden was sworn in.
Exactly. I didn’t bring that up because I really try not to tie the market to the President. I also know the market isn’t an indicator of how the economy (or regular folks) are doing.
But yeah - record high after Biden.
That said, the market has been volatile. Bubble has been forming. We are due for a 2008 repeat it seems.
But I do enjoy seeing regular people making money right now and using the market the way it’s exploited by the yacht owners.
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| Posted 1/29/21 2:07 AM |
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LSP2005
Bunny kisses are so cute!
Member since 5/05 19458 total posts
Name:
L
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Re: Stocks are Tanking...who’s to blame?
If you are not following the Gamestop saga you are so behind the times. The market is reacting to reddit wall street bets, some hedge fund shenanigans, margin trading of puts and calls, and robinhood.
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| Posted 1/29/21 2:24 AM |
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queensgal
Smile
Member since 4/09 3287 total posts
Name:
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Re: Stocks are Tanking...who’s to blame?
Ummmm the entire economic backbone of the world collapsed last March. The only reason the market hasn’t followed suit is because it’s propped up by special I interest hedge funds and govt policies. Both political parties prop up the stock market.
In what world does it make sense for stocks to be booming while millions are unemployed and begging for food. This is America. Welcome to the great hoax.
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| Posted 1/29/21 3:21 AM |
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queensgal
Smile
Member since 4/09 3287 total posts
Name:
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Re: Stocks are Tanking...who’s to blame?
Posted by LSP2005
If you are not following the Gamestop saga you are so behind the times. The market is reacting to reddit wall street bets, some hedge fund shenanigans, margin trading of puts and calls, and robinhood.
GameStop and Reddit is not large enough to impact the entire market. Did someone losing 5 pounds this week affect the rotation of the earth?
This balloon has been building for months (years)....everything pops eventually.
Gamestock/Reddit situation is taking advantage of the illegality and sickness in the market, not causing it.
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| Posted 1/29/21 3:23 AM |
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RainyDay
LIF Adult
Member since 6/15 3990 total posts
Name:
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Re: Stocks are Tanking...who’s to blame?
Posted by queensgal
GameStop and Reddit is not large enough to impact the entire market. Did someone losing 5 pounds this week affect the rotation of the earth?
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| Posted 1/30/21 12:59 PM |
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CookiePuss
Cake from Outer Space!
Member since 5/05 14021 total posts
Name:
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Re: Stocks are Tanking...who’s to blame?
Posted by LSP2005
If you are not following the Gamestop saga you are so behind the times. The market is reacting to reddit wall street bets, some hedge fund shenanigans, margin trading of puts and calls, and robinhood.
It's the uncertainty that the markets don't like. So GME, AMC, etc can have an effect on the markets. Usually short term but trading volume was the highest it's been since 2007 during last week's GME shenanigans. Speculative buying can cause the need to raise cash causing an influx to selling. This would drag the broader market down.
ETA...I should have quoted Queensgal in regards to my answer. Sorry about that.
Message edited 2/1/2021 1:45:31 PM.
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| Posted 2/1/21 1:44 PM |
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LSP2005
Bunny kisses are so cute!
Member since 5/05 19458 total posts
Name:
L
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Re: Stocks are Tanking...who’s to blame?
Posted by queensgal
Posted by LSP2005
If you are not following the Gamestop saga you are so behind the times. The market is reacting to reddit wall street bets, some hedge fund shenanigans, margin trading of puts and calls, and robinhood.
GameStop and Reddit is not large enough to impact the entire market. Did someone losing 5 pounds this week affect the rotation of the earth?
This balloon has been building for months (years)....everything pops eventually.
Gamestock/Reddit situation is taking advantage of the illegality and sickness in the market, not causing it.
so the issue is that the hedge funds had to sell positions in other companies because they were being short squeezed. They literally needed to raise capital because they lost 50% of their billions of assets.
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| Posted 2/2/21 12:52 PM |
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