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Why? The problem at the core is the mantra of the WSB et al groupthink: stonk only go up. Of course when WSB makes jokes about it and catapults a junk stock li
by mschuster91 2y ago
Why? The problem at the core is the mantra of the WSB et al groupthink: stonk only go up.
Of course when WSB makes jokes about it and catapults a junk stock like GME to ridiculous heights, squeezing shortsellers dry, it's pretty funny to watch. But it gets problematic when just about everyone's pension is tied to "stonks go up" as well. That leads to all sorts of perverse incentives.
Just look at Boeing and how far they've fallen. Twice in recent years, literally and not just proverbially, with hundreds dead as the inevitable consequence of stonk market games.
- kelnos 2y agoI think the GP had a visceral reaction to your intentional misspelling of "stock" as "stonk". I tend to agree, though I don't think I'd go so far as to think someone saying "stonk" has "lost all credibility"... but to me, it's like Republicans deliberately mispronouncing Kamala Harris' first name, because they can, and because their base eats it up. It's a cheap shot, and it feels childish, like you don't have a real argument, so instead you act like an elementary school kid on the playground calling the other kid names.
- psunavy03 2y ago> It's a cheap shot, and it feels childish, like you don't have a real argument, so instead you act like an elementary school kid on the playground calling the other kid names. Exactly all of this.
- Dylan16807 2y agoMinus one out of ten credibility then. Torched is quite an overreaction.