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/biz/ - Business & Finance


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File: 3.02 MB, 2060x1192, Screen Shot 2021-01-26 at 2.32.15 PM.png [View same] [iqdb] [saucenao] [google]
26609501 No.26609501 [Reply] [Original]

The 2008 crash was sparked when the Lehman Brothers declared bankruptcy. A ton of smaller hedgefunds that shorted gamestop have accumulated billions of dollars in losses and will likely go bankrupt. This will be the catalyst that pops the meme stock bubble.

>> No.26609617

>>26609501
was thinking the same thing,unironically fuckin Gamestop 2021 would be the name in history books.

>> No.26609790

>>26609501
>tfw the game stops

>> No.26609873

>>26609790
kek

>> No.26609884

>>26609501
how do i profit from this

>> No.26609931

>>26609884
get on robinhood app right fucking now

>> No.26609936

>>26609617
Gamerstopgate

>> No.26609985

>>26609501
this is amazing
wtf i love reddit now

>> No.26610008
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26610008

>>26609936
fucking kek

>> No.26610073
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26610073

>>26609790

>> No.26610076

how do we prepare? buy gold now?

>> No.26610148

>>26609501
a few lost billions won't crash the economy

>> No.26610183

>>26609884
Invest in gold and btc. They always go up in a recession

>> No.26610196
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26610196

>>26609790

>> No.26610201

the climax to gamergate is 2 thumbs up
how will journalists cover this... with ethics?

>> No.26610212

>>26610076
buy GME

>> No.26610222

>>26609501
they will just make it back buy pumping other meme stocks like AMC

>> No.26610269

>WW3 starts because of a duck

>> No.26610271

>>26609501
Kek, it's not like that.
Hedge funds in 2008 were doing the same shitty speculation altogether.
In this case there's just one.

>> No.26610284

>>26610183
btc has never seen a recession in its lifetime

>> No.26610317

Instead of covering, Melvin Capital doubled down today. Now Melvin capital no longer has the funds to cover their short position and that's after their 2.75 billion bailout from Citadel andPoint72 yesterday.

>> No.26610367
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26610367

>>26609790
good one

>> No.26610497

>>26610284
It was invented in the recession. Will be interesting to see how it does.

>> No.26610530

>>26610148
It's the ripple effect.
Hedgefund goes bankrupt
Hedgefund bros lose job
Hedgefund bros can't pay the mortages on any of his 6 houses
Everything crashes

>> No.26610636
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26610636

>>26609501
Good, fuck them. Lets not make the mistake of bailing out these fucks this time round.

>> No.26610687
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26610687

>>26609790

>> No.26610784

>>26609617
The day when the Players took power back

>> No.26610798
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26610798

>>26609790
Hello based department

>> No.26610802

>FUCKING GAMESTOP

>> No.26610804

>>26609501
This is reaching levels of delusion that aren't even possible.

>> No.26610842

>>26609790
kek

>> No.26610960

>>26609931
i opened an etrade account, it says i have to wait until the 30th to use my 200 bucks, this is bullshit
you dont have to wait on robinhood or what? i want in on some gains im tired of being poor

>> No.26611029

>>26610148
Citadel will have to liquidate a lot of stuff, which could drag others down with them. This could be larger than the LTCM crisis.

>> No.26611114

>>26610076
this is bullish for bitcoin

>> No.26611156

>>26609884
It is just Tuesday. Buy fucking GME right now. Don't oversleep tomorrow 9 AM. Take $150 long position at the earliest.

>> No.26611263

>>26610222
They can't. You don't get it. They have to transfer wealth here. Cash value. WSB is going to sell for money. Not overvalued, bubbly assets. Money. That money has to come from somewhere and it will come from liquidating other assets and from loans (or a government bail out if the can gets kicked down the road). Remember that when you take billions in profits, it causes 10s to 100s of billions in lost market cap. This can cause knock-on insolvencies for companies that can no longer rely on their crashed stocks for financing.

It's staggering if the WSBs somehow don't start running with their profits and hold out till the weekend. Worse if they then take those profits and repeat this process wherever the float is at or over 100% short.

>> No.26611264

>>26611029
Is Ken Griffine jew?
>>26610960
what are u doing without

>> No.26611294

The GME crash is a long time away. Thots and minorities haven't even started posting about gme on social media yet. Ironically, they are mostly crypto posting

>> No.26611319

Please crash the market so I can make another killing off crypto

>> No.26611854

shit I have J3W in my id

>> No.26612007

>>26609790
spbp

>> No.26612029
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26612029

>millenials crashed the market for once
Say whatever you want about millenials, but when boomers crashed the market, it was out of sheer incompetence.

When millenials crashed the market, it was with intent. And a shitload of style.

>> No.26612085

>>26610636
With Biden I mean, Kamala Harris, I mean ISRAEL in power?
Fat fucking chance... FED printer go brrrrrrrrr

>> No.26612122
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26612122

>>26609617
>Gamestop
Appropriate
Because this is where the game stops

>> No.26612126

>>26609501
>Lehman brothers
>Melvin Capital
History rhymes but it is not the same.
Melvin Capital is tiny.

>> No.26612157

>>26610076
Crypto, gold, anonymity, self reliance, bullets, land, seeds, chickens and distance from major urban areas.

>> No.26612198
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26612198

>yfw anita started the second great depression

>> No.26612241

Should I use my legal name for Robinhood? I’m always weary of apps asking for my name.

>> No.26612300

>>26612126
Yea but bigger funds are getting involved to cover their shorts

We goin down the rabbit hole

>> No.26612302

>>26609501
>crash
>>26610530
>>26611029
>This could be larger than the LTCM crisis.

If the billionaires lose the Federal Reserve will secretly print a few trillion to cover any of their friend's losses.
Coonsumer RobinHood traders will just spend their winnings on video game cards and boost the economy.

>> No.26612336

>>26610317
please tell me you're joking. no one is this retarded

>> No.26612378
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26612378

>>26610284
>>26610497
Can't fucking wait

>> No.26612394

>>26610960
Sofi is supposed to be instant if you link a bank account

>> No.26612428

>>26611263
Maybe they shouldn't be so obvious thinking they're going to get an easy paycheck on a dying company while leaving themselves open to infinite risk. Imagine buying uniswap shitcoin possible rugpulls with all of your money because you *could* make 5%. They get what they fucking deserve.

>> No.26612430
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26612430

>>26610636
>He thinks there's a chance Biden won't bail out his hedge fund buddies

>> No.26612480

>>26609501
>Gamestop, an 8 billion market cap company that is extremely overbought is going to trigger a collapse of the world economy
Right.

>> No.26612517

Not selling for anything less than $1000. Oh they're gonna pay me mah money.

>> No.26612552

>>26612241
Robinhood asks for your SS and everything. Pay your taxes.

>> No.26612568

>>26609501
IS THIS ACCELERATION I HEAR? BASEEEEEEEEEEEEEEEED

>> No.26612585
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26612585

123 KB
123 KB JPG
Melvin capital has a 1 billion dollar position in EXPE
EXPE is a 19 billion dollar company
We short it
Melvin has to liquidate and sell it
We win.

>> No.26612614

>>26612126
>>26612300
this, they are now in debt to other hedgefunds and GME is only going up. Women haven't even take notice yet.

>>26612336
Nope. Instead of covering, they doubled down this morning and it is still going up.

>> No.26612701

>>26612552
It does? WTF I HATE TRADING NOW!!

>> No.26612720
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26612720

Assuming they did in fact take short positions for billions of dollars and the price will stay +250$ when it expires, who will they owe the money to?

Who agreed to take on the short position worth billions from the hedge funds and would owe them billions if anons hadn’t interfered?

>> No.26612722

>>26612302
>If the billionaires lose the Federal Reserve will secretly print a few trillion to cover any of their friend's losses.
The new billionaires are WSB investors. Gamestop, not bitcoin, was the biggest transfer of wealth.

>> No.26612737

>>26612302
> when some r*ddit and 4chan autists achieve wealth redistribution
kek

>> No.26612808
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26612808

>>26612568
mfw boomers and jews will have to buy our bags with their pension funds and we will rape them for every cent.
WHO IS THE GOYIM NOW FAGGOTS???

>> No.26612928

>>26612737
>> when some r*ddit and 4chan autists achieve wealth redistribution

t. owner of two 3080s.

>> No.26612956

>>26609790
I'm stealing this

>> No.26612966
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26612966

>>26609617
>FUCKING GAMESTOP 2021 Stock Market Crash
On the other hand, how much brrrr needs to happen to correct this?

>> No.26613356

>>26612157
THAT bad, huh?

>> No.26613413

>>26609501
Autists, neets, and anons conducting online memetic guerilla warfare through GME is unironically the closest thing this country has come to a populist revolt against the fat cats since occupy. What a fucking timeline. Read the sovereign individual if you haven’t.

>> No.26613451
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26613451

>>26609790

>> No.26613550
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26613550

>>26609790

>> No.26613608

why are everyone getting excited, a few guys get bankrupt and Biden bails them out, a few anons get rich, and some poeple lose a ton. Why do you think this will trigger a revolution? Not a lot of people are involved.

>> No.26613646
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26613646

>>26609790

>> No.26613663

>>26612394
>trusting sofi
Holy fuck

>> No.26613778
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26613778

>>26612480
>800 Billion

>> No.26614073
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26614073

>>26609790

>> No.26614130

>>26609790
OH SNAP

>> No.26614158

>>26612480
GME revenue 7 billion Market cap 10 billion
Tesla revenue 20 billion Market cap 900 billion

>> No.26614292

>>26609790
Gamer gate will be blamed for this and I can't wait.

>> No.26614784

>>26613356
look at south africa or zimbabwe.. once things start happening they tend to spin out of control. Besides, who even wants to live in the city?

>> No.26614894

>>26612966
Probably around $6B.

>> No.26615024

>>26610530
Should have kept a six month emergency fund

>> No.26615113
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26615113

Shouldn’t have rigged the election.

Shouldn’t have been over leveraged.

Shouldn’t have targeted gamers.

>> No.26615313

>>26609617
>I just wanted to play video games

I hope your happy putting a bunch of darkies in dragon age. I hope it was worth it.

>> No.26615468

I was the crazy guy at work talking about how bad covid would end up being in terms of social disruption, for 2021 I only have an order for two shares of GME but I want to consider myself having taken a part in this for 2021. $500 is a small price to pay for memery, so if I make it back and get to flex on all my coworkers freaking out about an economic crash because of gamestop of all things then let's go

>> No.26615505

>>26615024
>Be Andrew Left
>Wife divorces me at all time high
>lose half of assets to wife + 6-figure monthly alimony pay out
>assets crash
>lose everything even 6 months emergency fund

>> No.26615727

>>26612720

They owe them to other lenders and banking institutions that they shorted the stocks to.
And those institutions want their fucking money.
Because they probably owe money to somebody else based on the shorts.
Who probably owes money to somebody else based on the shorts..

>> No.26615874

>>26615727
this. The market is insanely over leveraged. The hedge funds that are about to go bankrupt will start the crash

>> No.26615899

>>26609501
I'm buying in at $200 just to be a part of history.

>> No.26615976

>>26615113
Why is it always the gamers who start this shit. First gamer gate now this

>> No.26616179

>>26615727

God the stock market is so fucking retarded.

People literally making imaginary bets with nonexistant stocks on promise to pay them back while banking on the hope businesses go bankrupt and middle / lower class citizens lose their jobs.

>> No.26616365

>>26614158

/thread

>> No.26616512

>>26609501
>Stop the Steal 2020
>Stop the Game 2021

>> No.26616588

>>26609790
FUCK YOU I HADNT LOST IN 10 YEARS
THE GAME THE GAME THE GAME

>> No.26616601

>>26609501
How do I get rich off this prediction? Come on /biz/ don't fail me. How did retail fags get rich on the '08 crash? SPY puts?

>> No.26616612

Suits them right.

Remember 2008.

>> No.26616704
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26616704

>>26609790

>> No.26616711

IDK why so many people think it's all WSB when clearly this much momentum has a lot of big dick algos behind it.

>> No.26616731
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26616731

>>26612122
checked

>> No.26616757

>>26616588
you fucking nigger

>> No.26616789

Been HODLing AMC since last summer cuz I thought it was too low and people like to go to movies, so now my theory is correct

>> No.26616866

>>26615113
Baste

>> No.26616875

>>26610784
lol

>> No.26616949

>>26614158
The TSLA crash is going to be Le Epic tho I like Elon dat stonk is too dam hi

>> No.26617008

>>26609790
A TOAST

>> No.26617140

>>26616588
ah fuck you

>> No.26617182
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26617182

Ok bros im in

Do I just buy gme shares or what??

>> No.26617208

Thread theme
https://www.youtube.com/watch?v=qOl7m52TQk8

>> No.26617762
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26617762

>>26615113
https://www.youtube.com/watch?v=aPPaChTRbCA

>> No.26618069

>>26609501
how far out should I buy SPY puts?

>> No.26618184
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26618184

>>26609790

>> No.26618486
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26618486

>>26610183
BTC went from $7,900 to $3,800 in mid-March 2020 though, answer that. Sincerely, because I'm sceptical.

>> No.26618745

>>26615976

We are salty motherfuckers that want to be left alone.

>> No.26619502
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26619502

>>26609617

>> No.26619591

>>26609617
> Support GameStop
> Fuck over Jews
> Watch Jews squirm
> Jews get bailed out
> Economy goes to shit
> Transfer funds to Crypto and ride the wave

>> No.26619599
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26619599

>>26609790

>> No.26619762

>>26613451
based maylifag

>> No.26619855
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26619855

>>26609790

>> No.26619982

>>26618486
Gold dumped on covid too. If the bear market continued they would have decoupled eventually though.

>> No.26620063

Here's the basic min/max of it
>Gamestop fucked by pandemic, stores close, shares tank
>Huge investment entities like Melvin Capital, smell blood in the water. They can artificially drive down Gamestop's market value by shorting it's stocks (learn about shorts: https://www.youtube.com/watch?v=4EUbJcGoYQ4&feature=emb_logo)) [Embed]
>Melvin Capital and others are SO confident in Gamestop's demise, they short the stocks over 100%
>Things going according to plan to artificially devalue Gamestop until
>Unemployed NEETs with nothing better to do during covid find out about this >100% short
>Promising news of new CEO, with proven track-record of ecommerce business, all signs indicate Gamestop will not be going bankrupt
>Realize if companies shorting Gamestop can't buy all stocks they shorted, the interest on their borrowed money will increase
>Nerds straight YOLO'ing hundreds of thousands into Gamestop stock
>Hedge markets flipping the fuck out everybody found their gamble, and can bleed them for money by just not selling stock
>Just within this week Melvin Capital got injected with 2.7BIL by Citadel Capital to keep them afloat, and there's no telling how wide and deep this short goes

>> No.26620099

>>26609501
>Hedge funds were already over leveraged to fuck because of piss poor global economy
>Autists pump a stock fucking over hedge funds
>Fund managers: hey we can blame these guys instead of ourselves
>Government bails hedge funds out against financial right wing terrorism
What if they wanted this all along?

>> No.26620168

This is so bullish for BTC. When Biden bails these kikes out USD will plummet further sending BTC to the moon. Couple that with stimulus. There has never been a comfier moment to hold stocks and crypto.

>> No.26620276

>>26609790
Very based

>> No.26620524

>>26615505
I guess you could say, Andrea Left.

>> No.26620600

>>26616588
Lame....

>> No.26620728

>>26620063
Stimulus by Citadel got eaten.. today..
We're seeing fireworks tomorrow.

>> No.26620837
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26620837

>>26609617
>>26609790
This all could have been avoided if Veronica didn't choose Chad...
Gamers are RISING UP

>> No.26620931

>>26615505
Andrew Left With Nothing HAHAHAHAHHAHAHAHA
BURN KIKE BURN

>> No.26621190

>>26620168
>mfw 100k prediction by s2f in mid 2021 will be seen due to massive GME scheme of some NEETs

I love this year and the pandemic

>> No.26621251

>>26609790
>When a bunch of NEETs and Memelords literally trigger a bubble burst, causing several dozen companies to go bankrupt, trying to game the system of a gamestore.