Jan 29, 2021

The GameStop game stop

In the end, the old adage “the bigger the bubble, the bigger the pop” will be confirmed yet again. In the meantime, Doug Henwood offers some thoughts about the playpen called the stock market:

It’s funny to see some Wall Streeters complain that there’s something unfair about this action, since these are the sorts of games they play with each other and the general public all the time. They talk up stocks or talk them down, depending on their interests, and plot against what they see as weak or vulnerable players all the time. It’s just that the speculators with names like DeepFuckingValue who are savaging them for now are the wrong kind of people. They don’t live in Greenwich in houses with twenty-car garages.

Read his take here.

Read more here and here.