/biz/ - Business & Finance

Where can I still buy in as a Scottish twat? Etoro isn't fucking working

I bought 120$K in GME at $295, how fucked am I?

2008 market crash was caused by Bankers giving out too many mortgages that could not be paid.

2021 market crash will be caused by Bankers lending too much leverage to firms who can not cover.

We're going to see multiple hedge funds/institutions declare bankruptcy very soon which will force them to close all their positions and cause a pretty big market sell off. Now something like this isn't really enough to cause a major crash but the real danger is how deep these firms are in the red when their lenders are forced to pay their client's mistake to GME shareholders.

If the lenders(usually giant investing firms and banks) somehow don't have the liquid capital to close out their borrower's positions, then we'll see the dominos start falling as they too start liquidating their own stock positions which then causes a even bigger sell off.

But we're not done just yet. What if GME reaches such an absurd price that results in the huge institutions and banks to owe more money than their entire networth? This is what happened in 2008 and this is what the elites are scared of.

I seriously see this all playing out and GME hitting a ludicrous price in the thousands. The government will be forced again to bailout the incompetent and that bailout money will go directly to you, the shareholder. The market will never be the same after this.

Short it you fuckers. Don't be retards, use your noodle. Nobody gives a fuck about gamestop anymore, the future of gaming is digital. $40 end of february

You'd be a fool not to short this the second it shows any sign it's about to dump. If a stock for a bullshit company that on its way out like GameStop can 40x in a few weeks by some fuckers pumping, it can certainly dump to 0.5x or 0.2x or 0.1x.

IM POOMPING