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A couple days back, I wrote up my best understanding of what happened with /r/wallstreetbets and meme stocks like Gamestop, trying to show how all the different, seemingly contradictory takes on the underlying financial stuff could all be true.
https://t.co/xWzre4r0Yj
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Let's start with Jimmy Carter.
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That was a fringe proposition at best.
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The vast majority of Americans wisely prefered a guaranteed payout to a tax-advantaged gambling account.
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Who would do that voluntarily?
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I. It made companies more profitable. Guaranteeing that the workers whose labor made your company viable wouldn't spend their dotage starving and homeless is expensive.
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Marketization begat financialization.
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It's called Wall Street Bets for a reason.
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* Workers are forced to play the casino, and if their bets fail, they spend their old ages homeless and starving;
* The vast majority of casino games are wholly abstract - bets on bets on bets - and require layers of refs;
* the refs are all crooked.
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https://t.co/tNFjGSD95v
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For example, the total short position on Gamestop exceeds its total stock issuance.
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https://t.co/6eSpIv9pup
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But they're not the only ones who are right.
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First, because these stocks will all need to be converted to cash, and that means selling them.
https://t.co/YcGLFT3stc
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https://t.co/biDxNTjerI
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it's hard to say this without sounding like you stan for Cooperman or Griffin, but any retelling of the past week that doesn't tell you how, past the retail ignition, the rocket ship was mostly intra- fast money warfare, isn't telling you the truth
— zatapatique (@zatapatique) January 28, 2021
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https://t.co/eDrQxtMoVu
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Smith is right too.
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But here's how they can all be right - the "who cares" and the "goliath v goliath" and the "bubble" and the "Robinhood is a plutes' honeypot."
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If the meme stock spectacle gets us to pay attention to hearings that reveal the irredeemable rot of the system, then it's a unique chance to spread REAL "financial literacy."
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https://t.co/M8KOqi1GX8
eof/
More from Cory Doctorow #BLM
Inside: Stop saying "it's not censorship if it's not the government"; Trump's swamp gators find corporate refuge; and more!
Archived at: https://t.co/7JMcAbaULj
#Pluralistic
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Monday night, I'll be helping William Gibson launch the paperback edition of his novel AGENCY at a Strand Bookstore videoconference. Come say hi!
https://t.co/k3fvBdqOK0
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Stop saying "it's not censorship if it's not the government": I didn't expect the Spanish Inquisition.
https://t.co/7I0MpCTez5
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If you think "It's not censorship unless the government does it," I want to change your mind.
— Cory Doctorow #BLM (@doctorow) January 24, 2021
It's absolutely true that the First Amendment only prohibits government action to suppress speech based on its content, but the First Amendment is not the last word on censorship.
1/ pic.twitter.com/ycbLLDhtrd
Trump's swamp gators find corporate refuge: The Swamped project.
https://t.co/MUJyIOr2iw
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Have you seen the stories about how Trump administration officials and staffers for Ted Cruz are finding that no one in the private sector will hire them because they are forever tainted by their former bosses' disgraceful behavior?
— Cory Doctorow #BLM (@doctorow) January 24, 2021
They're bullshit.https://t.co/XvYDPpR9yd
1/ pic.twitter.com/VxisK4d8jV
#15yrsago A-Hole bill would make a secret technology into the law of the land https://t.co/57bJaM1Byr
#15yrsago Hollywood’s MP loses the election — hit the road, Sam! https://t.co/12ssYpV46B
#15yrsago How William Gibson discovered science fiction https://t.co/MYR0go37nW
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More from Trading
If you wish to learn abt trading,psychology,options,business etc
You can go through this thread.
Other than this I do post videos on my YT channel : -Abhishek Kar & Tradiostation
-Intraday views on FREE telegram : Abhishek Kar Official
RT will be appreciated
1. Threads to learn Options
https://t.co/wabkek43I8
2. https://t.co/OIDenHKdWN
3. Some core rules to investing
https://t.co/37d1pygp7P
4.Summing up 2020 Trading lessons
https://t.co/jSUb1lSGbQ
5.Effects of margin change on
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— Abhishek Kar (@Abhishekkar_) December 29, 2020
The entire thread will have some quick pointers on options trading. These bullet points are based on experience and learning and even if you are completely new,will help you to build some perspective. So,lets go :
6. Exciting story about a trader who destroyed a Bank
https://t.co/CsEEhIsD3q
7. Some Thought Provoking facts about stock markets
https://t.co/IjxpX5Wx24
8. A dose on Trading and investing
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— Abhishek Kar (@Abhishekkar_) October 11, 2020
This thread is about the trader who with his reckless trading destroyed the entire Barings bank. In case you would like to read more such informative threads,do not forget to retweet and share as acts as encouragement
9. Top 5 resources to learn everything about stocks
https://t.co/6KnIySBGIG
10. Some Pro Tips on Trading
https://t.co/EiSGikt7jv
11. Wisdom on stuffs you should not do
https://t.co/bI2dH0XTSS
12. Reasons why you are losing the
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— Abhishek Kar (@Abhishekkar_) July 21, 2020
The following thread will have top 5 for everything you need in the world of stock market and as learner who wants to REALLY grow. Make sure you #retweet the thread and let it reach the maximum number of people as sharing is caring.
13. The DARK side of stock market
https://t.co/qsteGcbquI
14. Stocks where you should NOT invest
https://t.co/2tD5q0K3UQ
15. Lessons from MILLIONAIRE trader
https://t.co/Pec6LmUtGa
16. Lessons from my
\U0001d5e7\U0001d5db\U0001d5d8 \U0001d5d7\U0001d5d4\U0001d5e5\U0001d5de \U0001d5e6\U0001d5dc\U0001d5d7\U0001d5d8 \U0001d5e2\U0001d5d9 \U0001d5e6\U0001d5e7\U0001d5e2\U0001d5d6\U0001d5de \U0001d5e7\U0001d5e5\U0001d5d4\U0001d5d7\U0001d5dc\U0001d5e1\U0001d5da
— Abhishek Kar (@Abhishekkar_) July 6, 2020
In the following thread you will understand a few dark truths about stock trading as a profession.
Sadly everyone touches the only green side but there has to be a balance. Don't forget to #retweet for wider reach.