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The GameStop Rally Exposed the Perils of ‘Meme Populism’
- lawl 6y ago> the notion that there is a tight correspondence between market prices and objective worth becomes difficult to sustain. I don't know jack shit about the market. But i have played some videogames where you can trade items. This is one of the very first things i learned, "everything is worth exactly as much as someone is willing to pay for". The things i read every now and then about the real market certainly suggests to me that this applies here too.
- postalrat 6y agoFirst they take your guns. Then they take your memes.
- JJMcJ 6y agoFirst they take your money, more like.
- throwaway0a5e 6y agoThey can only take so much of your money before they have to take your guns and memes to continue taking your money.
- Jkvngt 6y agoAre there really people who didn’t sell on Friday? Did people forget the whole reason GME was mooning? LOL
- maxerickson 6y agoIf there were sellers there were buyers. Thank you for coming to my Ted talk.
- perl4ever 6y agoThere doesn't have to be the same number of buyers and sellers, does there? One million people could buy/sell, while one person or entity took the other side of all the trades. So your statement in the strictest sense could be false.
- maxerickson 6y agoIn English as it as spoke, the plurality of the word 'buyers' in my statement is grammatical rather than factual.
- perl4ever 6y agoIn the same way, the original comment maybe didn't mean literally nobody was buying, but significantly fewer than were selling. This seems vaguely plausible if you believe the narrative about short sellers; a single or small number of people could have been covering their short at the top. In theory. I'm not saying I firmly believe it.