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That's actually a good point, at the same time, in the bigger picture, it's market chaos and nobody wants it. Basically, mobs are fighting against hedge funds
by jariel 6y ago
That's actually a good point, at the same time, in the bigger picture, it's market chaos and nobody wants it.
Basically, mobs are fighting against hedge funds using random companies as battle grounds - the markets are there to support those companies, not destroy them.
So what we are seeing is kind of an inflection point that the system wants to tamp down.
It's actually pretty distressing to see how many intelligent people think they are doing some kind of good here, like burning down a few stores to force the owners to leverage some kind of fire insurance policy to destroy the 'evil insurers'.
- ric2b 6y ago> the markets are there to support those companies, not destroy them. The shorts were the ones destroying Gamestop, though.