5 ms·
Let them eat stonks (Downvotes? "Let them eat cake" is the traditional translation of the French phrase "Qu'ils mangent de la brioche", spoken in the 17th or 1
by 37ef_ced3 6y ago
Let them eat stonks
(Downvotes? "Let them eat cake" is the traditional translation of the French phrase "Qu'ils mangent de la brioche", spoken in the 17th or 18th century by "a great princess" upon learning that the peasants had no bread.)
- commandlinefan 6y agoDid you mean "stocks"?
- 37ef_ced3 6y agoA stonk is a stock that moves with no regard to the intrinsic value of the underlying business The government's monetary policy, along with widespread retail call option trading, have turned certain "hot" parts of the stock market into stonks, prices rising parabolically or exponentially, making gamblers very rich Behold: https://www.reddit.com/r/wallstreetbets/ https://www.reddit.com/r/wallstreetbets/ Low interest rates have recently produced extreme asset price inflation (e.g., record stock market prices) despite suffering in the real economy The wealth gap is widening in an unprecedented way
- peter_d_sherman 6y agoExample: Gamestop (GME)... Or "Gamestonk" <g> -- as Elon Musk so eloquently tweeted... https://twitter.com/elonmusk/status/1354174279894642703 https://twitter.com/elonmusk/status/1354174279894642703 https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=GME&insttype=Stock https://bigcharts.marketwatch.com/quickchart/quickchart.asp?... "A rising tide (of monetary policy) lifts all boats, er, stocks, er, stonks..." Related: "And I heard a voice in the midst of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not harm the oil and the wine.” " -Bible, New King James Version, Revelation 6:6 https://biblehub.com/revelation/6-6.htm https://biblehub.com/revelation/6-6.htm https://www.bibleref.com/Revelation/6/Revelation-6-6.html https://www.bibleref.com/Revelation/6/Revelation-6-6.html
- Pfhreak 6y ago"stonks" is a common internet meme standin for "stocks". In the same way "pwned" is a standin for "owned", etc.
- jfengel 6y agoAs I've seen it used, "stonks" connotes that you're suggesting somebody who doesn't really understand anything about the stock market, but thinks that what's good for the stock market must be good for America. I think it's not meant to suggest a typo, but rather the slurred accent that comes with being overenthusiastic and loud. I'd compare it to using "Murica" instead of "America" to sugges that somebody is being nationalistic -- and I think there's supposed to be a significant (but not perfect) overlap between the two groups.
- Pfhreak 6y agoIn some circles, for sure. I've also just seen it used as a goof or an insult. I think it's one of those things that started being used one way but has spiraled off into many different meanings in many different communities.
- commandlinefan 6y agoOk, so I'm just out of touch is all, thanks ; )
- alexpetralia 6y agoNo, "stonks" is a meme joke currently going around. Elon Musk has said it multiple times.
- cartoonfoxes 6y agoStonks - see https://knowyourmeme.com/memes/stonks https://knowyourmeme.com/memes/stonks.
- deleted 6y ago[deleted]
- Agebor 6y agoThere are actually now some ideas in crypto spaces to use stablecoins bound to stock/coin indexes instead of fiat, so...
- slg 6y agoYou aren't being downvoted because people didn't get the reference. You are being downvoted because short joke responses are generally frowned upon on HN.
- deleted 6y ago[deleted]
- draw_down 6y agoIt's a bad post either way, friend.