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Why would I do that? I think the fact that this sort of insane manic runups happens every few months on an anointed stock since the GameStop spectacle shows tha

Why would I do that? I think the fact that this sort of insane manic runups happens every few months on an anointed stock since the GameStop spectacle shows that institutional investors have now harnessed that sort of movement into a regular market maneuver. This isn't a sign of a functional market, why would I do something rational in a broken market?

aniforprez 3y ago
Since... the Gamestop spectacle? Do you hear yourself? Stock market darlings have probably been a thing since the stock market
- moose_man 3y ago
  Oh yes, Trumps SPAC DWAC was truly a market darling.
  - aniforprez 3y ago
    Yeah man no reason the SPAC in the name of a former President with companies he's propped up who is the leading candidate for the opposition party with the incumbent reportedly having abysmal ratings would be having a surge You think the stock market is filled with "rational" actors? It has always ALWAYS been a vibe check since its existence. The Tesla stock is obviously overvalued, not because there is some grand conspiracy to prop up the stock by a bunch of retail investors but because Elon is a hype man and he hypes up his own stocks. Tesla being overvalued is not a new phenomenon
jjackson5324 3y ago
> anointed stock since the GameStop spectacle Mania's have been a thing since the start of markets. It's so funny to see HN readers who know absolutely nothing about finance or capital markets have "houlier-than-thou" attitudes towards institutional money. > why would I do something rational in a broken market Why do you think you're the rational one? That's the entire point of how markets work. No one thinks markets are fully efficient and the way you make money by trading is through exploiting inefficiencies. The market was in a panic mode around Facebook a year and a half ago and if you were smart enough to see that and take advantage then you'd have 4x'd your investment. But I guess you're "too rational" to make money off that sort of thing?

aniforprez 3y ago

Since... the Gamestop spectacle? Do you hear yourself? Stock market darlings have probably been a thing since the stock market

moose_man 3y ago
Oh yes, Trumps SPAC DWAC was truly a market darling.
- aniforprez 3y ago
  Yeah man no reason the SPAC in the name of a former President with companies he's propped up who is the leading candidate for the opposition party with the incumbent reportedly having abysmal ratings would be having a surge You think the stock market is filled with "rational" actors? It has always ALWAYS been a vibe check since its existence. The Tesla stock is obviously overvalued, not because there is some grand conspiracy to prop up the stock by a bunch of retail investors but because Elon is a hype man and he hypes up his own stocks. Tesla being overvalued is not a new phenomenon

jjackson5324 3y ago

> anointed stock since the GameStop spectacle Mania's have been a thing since the start of markets. It's so funny to see HN readers who know absolutely nothing about finance or capital markets have "houlier-than-thou" attitudes towards institutional money. > why would I do something rational in a broken market Why do you think you're the rational one? That's the entire point of how markets work. No one thinks markets are fully efficient and the way you make money by trading is through exploiting inefficiencies. The market was in a panic mode around Facebook a year and a half ago and if you were smart enough to see that and take advantage then you'd have 4x'd your investment. But I guess you're "too rational" to make money off that sort of thing?