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/biz/ - Business & Finance

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26632154 No.26632154 [Reply] [Original]

Is what’s going on with GME really going to crash the economy?

>> No.26632254

Lol no. The sec will step in tomorrow and freeze reading for ten days

>> No.26632326

>>26632154
If a global pandemic didn't crash the economy, what makes you think a bunch of zoomer goys buying $100 shares of a GameStop will?

>> No.26632367

And that is a good thing.

>> No.26632429

yes
t. I work for the governement trust me

>> No.26632452

Im pretty sure 10 billion marketcap stock isnt enough to crash the economy bird brain

>> No.26632476

>>26632154
Nah
It's just Melvin making up shit

>> No.26632517

>>26632154
Market cap of gamestop is like $10B. This is nothing like real estate in 08-07, which was worth trillions.

>> No.26632771
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26632771

>>26632517
But anon if I set a limit updoot to $1,337,148,869 they neeeeeeed to buy my shares at a valuation of $93 quadrillion!!!

>> No.26633698

>>26632154
no and i don't know how or when but this will not end with the little guy winning. ((they)) wont let it.

>> No.26633712

Bros, why are people saying this is like the 2008 and Great Depression? People are saying they need to come up with 100 billion by Friday or all hell breaks loose.

>> No.26633749

It is going to trigger a LTCM style blow up and another liquidity crunch march 2020 style expect this time the central banks are out of ammo

>> No.26633750

>>26632254
can't read anyways so no problem there. can we still trade?

>> No.26633763

>>26632452
This is new territory, all the kikes over at wall street are probably shitting their pants wondering if their finances will be next

>> No.26633810

>>26633712
it's just one huge circle jerk, the more they shill and try to get other people to buy in the more they make so ofc they will be over hyping it

>> No.26633835

No, but it will probably bankrupt Melvin.

>> No.26633849

>>26632254
They can’t do that, can they? That’s holding your money hostage.

>> No.26633888

>>26633835
Can't wait to see them testify in congress why their 130% naked short seemed like a great idea.

>> No.26633894

>>26632154
only if we are lucky. go visit >>>/k/ and get strapped or get clapped

>> No.26633933

>>26633835
Melvin is already out of funds, they’ll definitely go bankrupt.

>> No.26633940

>>26633849
kek you really thought they would let you walk away from this man?

>> No.26633948

>>26632154
You fucking idiots really don’t understand how serious this is do you? You’re causing major institutions to lose billions of dollars and might even cause the grandparent loaning bank to go under. People will lose their homes, people’s mortgages and investments will be impacted as a result. There is a loser on every trade and mark our words at the end of the day it WILL be you

Enjoy retaining a lawyer and fighting off discovery for the next five years. Was it worth ruining your life for a 10x? Good luck explaining why you’re using words like “Jew” and “nigger” to a federal judge. Enough is enough and it’s about time someone took you man children down a notch.

>> No.26633951

>>26632254
What's stopping this from resuming immediately after the freeze has lifted?

>> No.26633962

>>26632254
Yeah, I am sure that will instill confidence in the stock market.

>> No.26634030

>>26632154
Not even to gay bears and short snakes are saying that.
The only people who think this will crash the economy are faggots on this board who are throwing a tantrum that a bunch of redditors are getting rich and they weren't invited.
Who would have guessed hanging around on an obscure chinese goat breeding forum and further endeavoring to make your community on that forum as inaccessible to newcomers as possible isn't the best way to pump a share price?

>> No.26634037

I don't understand the holding idea, how long are these retards supposed to keep retail stock? 500? 1000? People keep saying hold and that's it

>> No.26634053
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26634053

>>26632154

No, it's a counter posting psyop, notice how all the "NOOOO THIS IS BAD" posts say 'nigger' but never 'kike'? Really gets the noggin joggin.

>> No.26634117

>>26633948
>if you download movies illegally, you WILL be caught, and you WILL be fined!
Your scare tactics are incredibly laughable. Do you even know where you are? A lot of these people lurking here are deep in crypto. You really think "gubmint gonna take your gainz bro" scares them? You type of people literally said this when BTC was mooning "bawww it'll wreck the economy they won't let it happen". And it happened.

>> No.26634127

>>26633948
>implying I'll be subject to criminal investigation for buying a stonk

>> No.26634132

>>26632154
It will boost it.

>> No.26634184

>>26632154
Yes it’s in the Aztec calendar

Gamestop-game stop- the game stops
Market is gone end of game

>> No.26634197

Are there other casualties other than this melvin?

>> No.26634206
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26634206

>>26633948
look at this seething faggot everyone.

>> No.26634221

>>26632154
The economy will crash, but not because of this

>> No.26634273

>>26633951
Literally memes.

They'll hoping enthusiasm dies but wsb is obsessed with over $1000 valuation now. Melvin's retarded 130% short makes the dream attainable which kicked off this entire process.

>> No.26634275

>>26634221
just let us believe

>> No.26634285

>>26634037
hold until you decide you want to take profits or the risk is too high for you. If you make a life changing amount of money obviously cash out.

>> No.26634371
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26634371

>>26633948
Kosher hands typed this post

>> No.26634390

>>26633948
It's a copy pasta you idiots

>> No.26634414

>>26632254
The SEC didn't freeze the markets during the fucking COVID dumpster fire back in March, you think they'll do it for a subtle war between shorts and longs on a no-name stock like GME?

>> No.26634439

Potentially:
>Hedgefund goes under
>Debt passed on to brokerage, if brokerage cant pay it goes under
>Passed to parent bank, if bank cant pay bank goes under
>Passed on to whom ever baks/insures everyone along the chain, who if they cant pay, go under.
Since money is literally 0% interest from the Fed right now, I doubt this all occurs. But if a major bank went under, or even some major brokerages, a ton of stuff is fucked. Tomorrow the entire market will be red because of this.

>> No.26634449

Okay, so if the economy doesn’t crash because of this, what happens if they can’t pay back that $100 billion?

>> No.26634460

>>26632154

The economy is already fucked because so many institutions are massively overleveraged and have been since 2015. An tidal wave of retarded traders have nothing to do with this

>> No.26634461

>>26634414
>>26634414
>The SEC didn't freeze the markets during the fucking COVID dumpster fire back in March
I still don't understand why

>> No.26634485

>>26634414
>Boomer Biden asked why he's bailing out wallstreet over a company that sells videogames
Great conversation to have.

>> No.26634486

>>26633948
>using words like "Jew"
Hilarious bait
If anything this is just going to result in people who aggressivley short being punished (more than they already are) which is simply fantastic.
They're not going to penalise people who invest in American companies.
They may go after people for conspiracy to manipulate markets though.

>> No.26634512

>>26633849
Remember kbio

>> No.26634527

I just put $100 in GME. I have literally never gambled with my money before. Someone tell me it’s gonna be ok

>> No.26634559

The market shorts are going to start covering their positions asap.

AMC and BB are gonna fucking MOON because theyre afraid of getting fucked like Melvin just did on GME

>> No.26634619

>>26632154
if the stock skyrockets above 300 then that hedge fund would need like a 10 billion dollar bailout

>> No.26634633

>>26634527
everything will be fine. money isnt everything
>t. bet $1k on trump

>> No.26634667

>>26634449
Bankruptcy, and then they have to go after the people who own Melvin.

Thats the fear is that this could trickle up and collapse bigger companies.

>> No.26634673 [DELETED] 

>>26632254
Then we gun them all down in Minecraft.

>> No.26634848
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26634848

>>26632326
>global pandemic didn't crash the economy

>> No.26634881

>>26634414

I legitimately believe that the powers that be would move heaven and earth to prevent the general populace from getting even a glimpse at true prosperity.

Would not be surprised at all if Biden himself steps in to somehow fuck over all of these new potential millionaires.

>> No.26634902

>>26634619
>fed prints 4 trillion
>worried about 0.25% of that
llooollollollloololooololl

>> No.26634928

>>26634527
they expect one of us in the wreckage brother

>> No.26635064

>>26634881
maybe im just a cynical fuck but i whole heartily agree with you. were in for a shit storm this week. very few will make it out.

>> No.26635254

>>26634881
Then it's a good thing for you that big money is in the game as well. Blackrock alone owns nine million shares of GME

>> No.26635554
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26635554

>>26632326

>> No.26636212
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26636212

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA THIS IS SO NERVE-RACKING

>> No.26636740

>>26635254
okay and when they decide to sell all the small investors are fucked?

>> No.26636831

>>26632154
It's possible. But probably not. It will be yet another bailout that will bring the dollar closer to zimbabwe inflation. So no it won't crash the economy but it will bring the dollar closer to collapse

>> No.26636872

>>26632254
HAHAHHAHAHAHAHH
What are redditors going to do when they can't cash out their moneys?

>> No.26636879

>>26632154
No. Just rek a lot of greedy fucks and transfer wealth from them to working class folk who had nothing to lose

>> No.26636985

>>26636740
They won't sell before the squeeze, retard.

>> No.26637127

>>26636985
and how do we know that for sure. a lot of retail investors WILL get FUCKED. none of us can time when the big player will sell.

>> No.26637136

I feel like I need to point this out:
Unlike a usual pump-and-dump scheme, this scenario features a guaranteed short squeeze.
That means that on this Friday and next Monday, anybody holding stock will be in a position to gain so long as they set a correct stop limit. So GME is a safe investment because there is a guaranteed mainline of cash from funds and banks headed our way. And the only thing that could stop it would be a loss of investor confidence.
FOMO still applies, buy in tomorrow.

>> No.26637159

>>26634485
Id pay to be a fly on the wall

>> No.26637554

>GME really going to crash the economy
no, fake president with moderate alzheimers and his puppet handlers are working full time on that project

>> No.26637636

>>26637127
We know that because the big players didn't get in for tiny returns, they're out for blood.
As I've said, the funds and their parent funds and their creditors will get cleaned out after the squeeze. The big boys on the other side know that too.

>> No.26637739

>>26634439
People shilling AMC and BB don't understand their stock will be worthless if GME destroys the market.

>> No.26637871

>>26637554
huff dat copium fren

>> No.26637918

>>26633951
Melvins short position is expired by then

>> No.26638049

Depends. GME itself won't, but it's a big wake up call to normies what a fucking meme stocks are.

>> No.26638274

>>26633749
If this is the case, load up on shorts in low short interest stocks (stocks people do not normally short, like AAPL or JNJ). These kinds of events trigger selloffs and you can make money on low-short interest large caps. A bond selloff can make things worse by changing the discounting mechanism/risk free rate. Hold long term treasuries if you want to keep profits.

>> No.26638460

I’m so proud of those reddit retards right now. They did good

>> No.26638491

>>26637136
Didn't think I would enjoy the biden presidency but so far been kinda fun.

>> No.26638511

>>26632254
The kike equivalent of turning off the xbox because you are losing.

>> No.26638575
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26638575

>>26632326

>> No.26638631

>>26637127

Why would you sell right before the biggest projected spike in stock history AND possibly fuck over competing hedges and lenders for their retarded shorts

>> No.26638662

>>26634414
If they do, then it’s very telling as to just how dire things are right now...

>> No.26638690

>>26633810
>over hyping it
>the more they will make
Pick one

>> No.26638769

>>26634881
>Would not be surprised at all if Biden himself steps in to somehow fuck over all of these new potential millionaires.
Biden has no idea what year it is or what is happening right now. Literally a puppet. Anything that he does is just his handlers. If he had any personality at all perhaps he could disguise things more but it’s become rather obvious. He will just sign whatever paper is in front of him. They might not have him speak on it though because it takes a lot of time to memorize his lines.

>> No.26639307

>>26632154
no

>> No.26639356

>>26632326
That only hurt goyim. Market only crashes when Jews are hurt.

>> No.26639688

>>26638274
Tell me more. What about leap puts on these?

>> No.26639813

>>26632771
lmfao

>> No.26639853
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26639853

>>26632326
>didn't crash the economy

>> No.26639892
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26639892

/pol/ newfag here. This stuff is being talked about like CRAZY. Saying that this is going to end up domino-ing into the banks and possibly crashing the economy. I don't even know anything about how stonks or the economy works for fucks sakes, what the fuck will happen if it does? Is the dollar going to plummet? Would bailing out on USD and buying crypto help? I'm so fucking lost here. I'm a babe in the woods frens.

>> No.26640025

>>26639892
youve been asleep for far too long fren

>> No.26640068
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26640068

>>26640025
Don't I know it

>> No.26640093

>>26639892
So you don't know what's going to happen, you're feeling a little scared and want some safety?

Fuck you, that's how it is. Welcome to the club.

>> No.26640179

>>26637918
Naked shorts must be settled when they expire. Melvin doesn't just walk away with the money from the GME stock they sold when they started the short. They accumulate interest per day for each day they fail to settle.

>> No.26640189

>>26632154
no but it will sure fuck up jew hedgies

>> No.26640206
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26640206

>>26640093

>> No.26640219

>>26640068
whatever happens it aint going to be pretty. its not going to be the jews walking away sayin goh well we lost this one goys.. better luck next time.

>> No.26640281
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26640281

>>26632154
It's fud. I'm not even bagholding and the fud is plain as day. Redditors will learn a few things about having strong hands before it's over.

>> No.26640316

the problem is mass organized 30yob and zoomers with stimulus checks and crypto gains throwing hft off balance.

>> No.26640382
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26640382

>>26639892
The Fed has been exit scamming the dollar since over ten years ago, anon. We're already in a post-apocalyptic scenario. $GME is a symptom, not the cause.

>> No.26640416
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26640416

>>26632154
I dont really know whats going on or care if fucking Gamestop manages to crash the economy, I just want you autistic fucks to strip away as much as you can from as manay of those Wall Street cunts as you can in the process. Good luck have fun

>> No.26640586

>>26632154
No, but it will make entry into the stockmarket more exclusive. And that's a good thing.

>> No.26640623

>>26640586
>And that's a good thing.
Kill yourself.

>> No.26640834
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26640834

>>26640382
So crypto it is then. I guess. Fuck.

Fuck I don't even know where to start, better start boning up.

Incidentally I actually do own a tiny bit of cryptocurrency, I made a LBRY account a few months ago. My account balance is standing at 43 LBC, am I gonna make it bros? /s

>> No.26641263

>>26640834
BTC, ETH, LINK are the holy trinity and considered generally "safe" as far as crypto goes. Note: they are not safe but oh well. From there just read and research.

>> No.26641455
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26641455

>>26640834
No one knows who's making it out alive. Anything short of a total overnight transformation of the world economy within the next 5-10 years and everything you know will burn to the ground.
This is not a joke at all.

>> No.26641727

>>26636872
Wallstreetbet bros are alright. But someone's going to be roping. I don't care who.

>> No.26641835
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26641835

>>26641263
Thanks fren. I'm on it.
>>26641455
I feel like a dinosaur staring stupefied and mute into the glare of the extinction-level asteroid as it's roaring into the atmosphere. I can't even comprehend what's coming, much less what to do about it. I guess it's been coming a long time now but like Mr. Dinosaur I didn't have a fucking clue until right this moment, Jan. 25th of 2021. Seems like shit's fucked.
Maybe I should probably invest as much in vegetable seeds and small meat animals to farm as I would memecoins.

>> No.26641894

>>26637136
What would that stop limit be?

>> No.26642048

>>26640179
Do they still accumulate interest per day if trading is frozen?

>> No.26642113

Not yet. We have a couple more chances to 100x

4chan seems all in on MUSE

>> No.26642181

>>26639892
Buy a little crypto. Bitcoin, ethereum. You don't have to buy a whole coin. Get a little XLM (stellar) on coinbase.com. when you know what you're doing, get a little IOTA, too. Hedge your risk.

>> No.26642285

>>26641894
That's kind of hard, but seeing as the current consensus is $1k, that price would be safe. You could go even higher, naturally. That part is YMMV.
In the worst case scenario, based on the VW squeeze, anybody who got in at the pre-squeeze peak (which we are yet to see with all the normies and tesla investors flooding in over the next two days) will make at least 1.5x on the plateau and certainly recoup their initial investment with an extended period of stock hovering at pre-squeeze peak value. This is what makes it fundamentally different from a pump-and-dump, as you have to be braindead to actually lose money.

>> No.26642315

Guys their going to put a cease a desist on GME tomorrow trust me my dad works for Wall Street.

>> No.26642575

>>26636831
>>26632154
>>26632254
How would this hurt the economy?

>> No.26642582

>>26632154
Go read about the 2007 housing market crash and the numbers involved... no, a couple hedge funds/brokers/banks losing ~$10bn is not going to cause a financial collapse.

>> No.26642638
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26642638

>>26642575
Normies are getting redpilled that money isn't real so now they're going to make decisions predicated on the factually correct belief that money isn't real.

>> No.26642740

>>26634881
Leftist here and I hard agree. This isn't even a political position, this is simply fact, this is class warfare, by the billionaires, and we're winning a battle, they'll set off a nuke the moment they can.

>> No.26642833
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26642833

>>26640834
I'm mucking around on Coinbase right now, checked the price of LBC on a whim and come to find out that my LBC nest egg is worth close to $5 USD. I didn't even work for it... I got it for free...

Is this the power of crypto and stonks bros? Is this but a small taste of the unlimited power that I could hold in the palms of my hands?

>> No.26642863

>>26634414
Because the people at the top are all in on it and making money off it. Easy to see.

Now that Joe the Plumber can fleece the Steinbergs by simply buying a stock on RH and holding it... that simply cannot be allowed to happen.

>> No.26642905

>>26632154
No, but with the market bubbling up to the point of bursting, the economy will crash and /smg/ and reddit will pat themselves on the back thinking they were the cause despite actually being the effect.

>> No.26642908
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26642908

>>26642740

>> No.26642967

>>26642863
The big sharks caught on to this, too. They hold a long position.
These few unfortunate short funds will be bled dry chiefly by their competition, meanwhile the little guy can lick up some of their leavings.

>> No.26643040

>>26642863
They halted the stock as it was RISING.
They are willing to do anything right now.

>> No.26643053

>>26642048
Yes. Options will also expire worthless. So there will be rioting if this happens.

>> No.26643269

>>26633948
>Good luck explaining why you’re using words like “Jew” and “nigger” to a federal judge.
Not gonna explain, just keep yelling nigger till they call the ballifs, and call the judge a jew

>> No.26643287

Just buy MUSE and stfu

>> No.26643328

>>26632154
It's going to be BIBLICAL

>> No.26643536

>>26642833
Yes. Crypto is like the wild west.

>> No.26643699

>>26642315
What does that mean

>> No.26643732

No. SEC will step in and the fags who arrived late to the party will have nothing but a bunch of worthless GameStop bags left.

>> No.26643965

>>26634559
The cherry on top would be if even more retard boomers started shorting and it goes over 100% short again. I wouldn’t put it past 2020

>> No.26644103

>>26633933
They got refinanced at the first margin call. They will survive another.

>> No.26644315
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26644315

>>26634559
It's too late brother