everybody on ilx complains about reddit

lawyers generally discussing the law: something extremely likely and something extremely unlikely are exactly the same thing

lawyers working on a case: we are absolutely correct will win and god is on our side

fair

Settlement is a helluva drug.

https://www.bloomberg.com/news/articles/2021-01-28/robinhood-app-is-said-to-draw-on-credit-lines-from-banks-amid-trading-frenzy?srnd=premium

looks like rh got margin called

dayo hello

👋

oh i didn't know that was dayo, hi

hey tracer - would you like to see robinhood get taken to the cleaners on this one?

tracer, pushing sunglasses into place: sherwood

hi dayo!

dayo! 😊

hey tracer - would you like to see robinhood get taken to the cleaners on this one?

tracer, pushing sunglasses into place: sherwood

― Li'l Brexit (Tracer Hand), Thursday, January 28, 2021 5:39 PM (ten minutes ago)

fuck you for making me laugh at this

lol, that was a+

👏

It really does suck to see play out once again, but it sure seems like a fair number of people are absolutely gobsmacked to find out that the government and Wall Street would circle their wagons to prop up the broken capitalist system that ensures only the "right" people get rich.

Did the government intervene?

there are rumors but dont seem to be more than that at this point afaict

I mean, not officially or openly yet, but let's not pretend there haven't been some frantic off the record phone calls going on.

For what? Because billions of dollars went from one hedge fund from another?

Yeah, part of this is inevitable which is why I originally got into my positions, but if there is more interference like today then who knows.

Dayooooo

The narrative that Robinhood stopping GME is some big wall street conspiracy against the little guy is some sort silicon-valley elon musk utopianism bullshit.

― Van Horn Street, Thursday, January 28, 2021 3:49 PM (two hours ago)

do you do ANY posts that aren't smarmy neolib concern trolling bullshit?

Being concerned that billionaires are going to make extra billions out of a bunch of redditors about to lose their shirts because they were basically tricked into using something like Robinhood isn't exactly a very neolib stance.

I just make the case this is not the populist battle of the regular little guy vs the villain hedge funds some people are trying to make it to be. Are hedge funds generally evil? Yes, and a lot of them got much richer yesterday.

My position wrt to hedge funds is that they should be regulating into non-existence. I know people who lost thousands of dollars this morning because of this shit show and I'm angry the casino won, again.

LMFAOOOOO THEY BELIEVED ME https://t.co/eXN6LbUUAn

— Jack (@JackoWest_3) January 28, 2021

BlackRock made 3 billion with the surge but surely, this is a big win for Main Street and the little guy and eat the rich fuck and Hedge Funds, etc.

I'm basically calling for further consumer protection from hedge funds and shit like Robinhood. Tell me how does it square with a neolib view?

It’s “concern trolling” to say things that differ from tweets Kevin likes.

look whos here is "neoliberal" don abernathy

Yeah the wind outside was neoliberal today too. Definitely keep vomiting out that buzzword we learned in 2015.

This person explains it better than I ever will:

One of the more funny/sad/tragic parts of this GameStop activity is the misplaced sense of populism.

People really think they're busting Wall Street, and sticking it to The Man.

No.

Wall Street is profiting immensely, and the Man is getting much richer, thanks to you.

— Steven I. Weiss (@steveniweiss) January 28, 2021

feel like its been popular longer than that xp

Don notm

quick ilx search seems to indicate increased popularity around 2010 but ilx is prob a lil ahead of the curve, and obvs neoliberalism is an extremely crucial if somewhat abused political concept

actually hasnt increased that much during the google trends era

https://i.imgur.com/T3WmvXD.png

one should not put their money anywhere that they don't understand or support. sorry that your friends tried to flip quick cash without knowing what is going on.

blue is neoliberal red is neoliberalism xp

one should not put their money anywhere that they don't understand or support. sorry that your friends tried to flip quick cash without knowing what is going on.

― Yerac, Thursday, January 28, 2021 7:12 PM (one minute ago) bookmarkflaglink

The way some people are pulled into that kind of scam is the real scandal here.

It’s not crucial, it’s vacuous garbage.

incorrect big don

i am not on twitter so i don't really know about this scam part that you are saying. There is always momentum trading and there are always short and gamma squeezes.

I put 50,000 in GME yesterday and not only is it gone, someone ruined my ham on purpose today and a cow gave me the stinkeye

i bought the magic beans (from the magic beans story)

Mattress is my favorite investment.

in afterhours GME is at $321, if your friends still held their shares/calls? they could likely get out at even tomorrow depending on where they bought. I assume tommorrow is going to be super volatile, it goes up, it goes down.

yeah tomorrow is $GME opex day, bring some popcorn

p.s. hi everybody

Come mister tallyman tally me banana

alright just bought 50,000 shares of gamespot lfg

i just gave some guy named game scott 25 dollars

I was saying to a hoos on twitter that it'd certainly be Interesting if this episode led (say) several million index investors who sock cash into their vanguard Roths and don't touch it (like yrs truly) to consider investing instead in a somewhat less diverse basket of stocks that are basically picked on the basis of "is this a normal company that people understand and that isn't involved in petroleum extraction?"

Like can you bolster the enterprises that despite capitalism actually do matter to people's lives and the cities they live in? AMC is a big dumb chain but big dumb chains are a good place to see big dumb movies

― Canon in Deez (silby), Thursday, January 28, 2021 1:34 PM (six hours ago) bookmarkflaglink

https://en.wikipedia.org/wiki/Socially_responsible_investing

Alternative energy is one of the sectors that SRI seeks to incentivize.

what's Scott's market cap?