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It's a compelling story with multiple, interesting and intertwining narratives. - An unprecedented and uncoordinated but sophisticated financial engineering pl
by myownpetard 6y ago
It's a compelling story with multiple, interesting and intertwining narratives.
- An unprecedented and uncoordinated but sophisticated financial engineering play driven by an internet community.
- There is a loose analogy to the terrorist attack on the Capitol, an internet community organizing to destroy existing institutions.
- The ongoing class warfare that was highlighted by Occupy Wallstreet, 2008 crash and bailout.
- The frustration with the completely disjoint experience of the pandemic that the average American has had in contrast to the record highs of the stock market.
- America loves an underdog story.
It has something for everyone. But if you ignore all other context of the story and have tunnel vision on just /DFV gains then it's less interesting I guess.
- runawaybottle 6y agoPlus the story had somehow intertwined all these big named hedge funds, Melvin, Citadel, with real losses in the Billions (capital B), all being covered by every major news outlet and commented on by major politicians and celebrities. Life is strange. It’s a Cinderella story if you look at it from the pure narrative perspective. If anyone ever makes a documentary/movie about it, it should be a dark comedy - money is just depressingly funny. The things we justify and do for it.
- myownpetard 6y agoI watched Congresswoman Ocasio-Cortez's Twitch stream last night. She had on Alexis Ohanian, Alexis Goldstein, and TheStockGuy as guests to discuss the event and the current political/economic environment. Amazing to see this new model for the 'fireside chat' unfolding in real time. Personally I'm looking forward to reading the Michael Lewis book.