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If it's 2 million people with $250 willing to make a bet, it's manipulation, but if a rich hedge fund manager like Soros has the money upfront to do something l

If it's 2 million people with $250 willing to make a bet, it's manipulation, but if a rich hedge fund manager like Soros has the money upfront to do something like short the pound and induce a Black Wednesday event [1] all by himself, that's fine and not manipulation at all? Just taking this as a random example. Any fund with enough money can move a market. This is their basic modus operandi. [1]: https://en.wikipedia.org/wiki/Black_Wednesday https://en.wikipedia.org/wiki/Black_Wednesday

ViViDboarder 6y ago
I feel like many (maybe most?) people believe that type of event should not be considered fine either. To me, none of it is fine. I hope that this event is eye opening enough that some protections are put in place that effect everyone, including hedge funds, that prevent this type of manipulation.
- sudosysgen 6y ago
  There's no way of preventing things like this as long as capital markets exist and wealth distributions are the way they are. Its simple supply and demand.
- feanaro 6y ago
  What do you propose should be done about it? Should we prevent markets from "a lot" (whatever that would mean) in a single time period?
- himurajing 6y ago
  Stop letting hedge fund managers group up together and have "idea dinners" where they plan their next strategic shorts behind closed door. Oh that's right you can't stop rich people from having dinners and talking about manipulating the market. The only thing imposing restrictions and laws in a free market now is solely to fuck over the retail investors while letting the elists continue controlling the market. I'm sure it's been thought about during the 1918 crash and the 2008 crash. Everyone is making it seem like the stock markets only experienced crippling manipulation only during 2000s. The game is set in stone and any government intervention prevents it from ever being a "free market" ideologically.
JohnTHaller 6y ago
None of it is fine, but it's not like we're going to charge billionaires or hedge funds with market manipulation (see: 2008, etc).
panarky 6y ago
You can make a stronger claim than that. 2 million people with $250, loosely coordinated vs. 2 hundred people with $2,500,000 pooled together with a full time manager.

ViViDboarder 6y ago

I feel like many (maybe most?) people believe that type of event should not be considered fine either. To me, none of it is fine. I hope that this event is eye opening enough that some protections are put in place that effect everyone, including hedge funds, that prevent this type of manipulation.

sudosysgen 6y ago
There's no way of preventing things like this as long as capital markets exist and wealth distributions are the way they are. Its simple supply and demand.
feanaro 6y ago
What do you propose should be done about it? Should we prevent markets from "a lot" (whatever that would mean) in a single time period?
himurajing 6y ago
Stop letting hedge fund managers group up together and have "idea dinners" where they plan their next strategic shorts behind closed door. Oh that's right you can't stop rich people from having dinners and talking about manipulating the market. The only thing imposing restrictions and laws in a free market now is solely to fuck over the retail investors while letting the elists continue controlling the market. I'm sure it's been thought about during the 1918 crash and the 2008 crash. Everyone is making it seem like the stock markets only experienced crippling manipulation only during 2000s. The game is set in stone and any government intervention prevents it from ever being a "free market" ideologically.

JohnTHaller 6y ago

None of it is fine, but it's not like we're going to charge billionaires or hedge funds with market manipulation (see: 2008, etc).

panarky 6y ago

You can make a stronger claim than that. 2 million people with $250, loosely coordinated vs. 2 hundred people with $2,500,000 pooled together with a full time manager.