lmao 500 point drop in 30 minutes lmao
scrolling thru wallstreetbets new posts for a good laugh
say what you want about wallstreetbets there are some funny mother fuckers on that sub
Chapo and wsb always seem to have some kind of an inexplicable respect for eachother.
Practically everybody on that sub realizes the value of a stock doesn’t mean shit and the whole market is a big hoodwink. They’re not going to critique capital but they’re not going to lie to themselves when there’s money on the line.
IT A KEEPS TUMBLING DOWN, TUMBLING DOWN, TUMBLING DOWN 📉📉📉
I mean, tbh I feel the connection between reality and the Line is tenuous, at best. We’ve been getting economically rekt for the past eight months and the Line has been slowly climbing back up, completely detached from the economic realities of people dying, losing jobs, businesses closing, lack of profitability, etc. The basic premise of the market has pretty much been abandoned, leaving us with the nonsensical mess we have now.
That or something’s flying over my head like it’s always been mindless speculation and gambling that, regardless of outcome, benefits the rich by consolidating wealth and ownership around them, idk.
Part of the reason that the line broke is because of stimulus. The govt keeps pumping more and more money into big companies so they can keep buying back stock so the line goes up. If they suddenly announce that’s going to stop … this kills the line
Seems like Trump is attempting “suicide by mob”.
