Nick Bit: The main takeaway here is Biden said he will pass the stimulus bill with or without Republican vote. And he can do it. That means happy checks are on the way, And the millennias newline embolden will buy the crab out of stocks. And i want to be their for what i regard of the last wave up before the correction, look at the comments below
“It’s pretty crazy because I think I mean, I look at the whole GameStop thing with the stocks as a revenge of the nerds kind of attack on the big boys in Wall Street and against a lot of the big, big trading firms that are out there. This is one of the things with a small guy kind of triumphs. And I think this is the way Robinhood had to stop it, even though they’re one of those smaller, you would think, stealing from the rich, giving to the poor, that they would just let it rip. But I mean, I’m for it to a degree, until it gets out of control. The robo trading, if i t’s too much, it can really upend things. But I think it’s a good shot across the bow of the big… big traders.” “I think the little man finally got an ounce of what they deserve, and it was the assholes in there that took it from them, they delisted it, Ameritrade, Robinhood, Webull, they all can’t stand to have the little guy win. And that pisses me off. And that’s why it’s f***k the suit. It’s buy Bitcoin. It’s always been that for… for four decades. It shows you that you can be your own bank. You can do your own transactions, verifiable, permission-less, decentralized. It’s the future of commerce. And the assholes in there, they haven’t caught on to it yet. But Grayscale, Michael Saylor, MicroStrategy, they’re starting to dip their feet in. And this is the future of finance right here.” “I think it’s great that rich people are losing money because capitalism is destroying this world, and that’s all I have to say about that.”
STORY: GameStop shares jumped, awarding retail investors the advantage in the latest round of their week-long slugfest against major financial institutions that had shorted the video game retailer. The so-called “Reddit rally” has inflated stock prices for GameStop and other previously beaten-down companies that individual investors championed on social media forums. GameStop surged 83% on Friday (January 29) after brokers including Robinhood eased some restrictions on trading. On Thursday (January 28), GameStop shares slid following the trading halts from Robinhood and other trading apps, which drew outrage from politicians and calls for action from regulators. Headphone maker Koss more than doubled in value, although it and GameStop remained below peaks reached earlier this week. Hedge funds and other short sellers had bruising week. GameStop short sellers endured mark-to-market losses of $19.75 billion so far this year, according to S3. Even so, the stock remained highly shorted with $11.2 billion short interest. GameStop and other companies have said little about the volatility in their shares. Robinhood said Friday it had temporarily disabled a feature on its app that allows users to buy crypto securities instantly. Robinhood has been one of the hottest venues in the retail-trading frenzy but its sudden curbs on buying set off online protests as the firm tapped credit lines to ensure it could continue trading. The brokerage said it had raised more than $1 billion from its existing investors after high volumes and volatility of trading strained it this week. A website on the short squeeze strategy set up by one WallStreetBets participant, told traders with Robinhood accounts to “find a new broker asap,” listing rivals Vanguard, Ameritrade and Fidelity. Both Ameritrade and Charles Schwab placed some restrictions on trade on Thursday. Fidelity says it has not limited trading in the stocks.