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Gamestop frenzy

Observer
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Walrus Walrus
I got this weird feeling we are approaching that time, but I think I’ve said that the last ten years
You don't want to lose that feeling. On the other hand, asset prices will continue to rise until the free money stops flowing.
 
Evitzee
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Walrus Walrus
I got this weird feeling we are approaching that time, but I think I’ve said that the last ten years
The Fed will keep printing to make the party go on. Everytime they indicate they may stop printing Wall Street throws a fit and the spigot is turned back on. It will certainly continue under President 'Executive Order' Biden.
 
Archer
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Evitzee Evitzee
The Fed will keep printing to make the party go on. Everytime they indicate they may stop printing Wall Street throws a fit and the spigot is turned back on. It will certainly continue under President 'Executive Order' Biden.

Trump issued 220 over his term...we'll see how that compares down the road with Biden I guess.
 
Evitzee
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Archer Archer
Trump issued 220 over his term...we'll see how that compares down the road with Biden I guess.
You can't predict the future, we can only go by the number of EOs in Biden's first ten days. In that count Biden is champion, bar none More important is the significance of Biden's orders, that's an argument for another day. Unity!!!, or something.
 
Archer
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Evitzee Evitzee
You can't predict the future, we can only go by the number of EOs in Biden's first ten days. In that count Biden is champion, bar none

You should really look at the history of executive orders for some perspective on the numbers...
 
Evitzee
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Archer Archer
You should really look at the history of executive orders for some perspective on the numbers...
Thanks for the advice. I know the numbers, Trump 55/yr, Obama 35/yr, Bush 36/yr, Clinton 46/yr. etc. and F. Roosevelt the undisputed leader at 307/yr. We'll have to wait and see where Biden ends up, but no dispute he's off to a flying start. Anyway this is drifting away from the threads topic.
 
The Father
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Walrus Walrus
One thing that annoys me is all other market news is being drowned out by GameStop. Apple takes in 111 billion in revenue, Microsoft smashes it with the cloud again but nope, all GameStop all the time. It’s fun to watch but I will be glad when it’s over.

Apple has record sales and goes down almost $10

I have to believe Apple and other getting reemed is the big boy selling to cover losses in the shorts they have incurred
 
Walrus
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The Father The Father
Apple has record sales and goes down almost $10

I have to believe Apple and other getting reemed is the big boy selling to cover losses in the shorts they have incurred
Could be, but also it had that run up to earnings. Could have simply been buy on the rumor sell on the news but I have also read a lot of what we are seeing is due to covering the short squeeze. Much more money was lost on the Tesla shorts so I’m not sure. Who knows I’m on the outside I’m sure I’m missing all kinds of things.
 
STANDY
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Just bought a few tons of silver.

6D4A6779-2638-4F14-B31B-0DBF905F6A12.gif
 
Walrus
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Well I was just looking at wsb. Some dental student used 46k of his student loan to dump into gme on Friday.
Tony C. Tony C.
dsrde.jpeg
STANDY STANDY
Just bought a few tons of silver.

6D4A6779-2638-4F14-B31B-0DBF905F6A12.gif
ya I got a link of a fund ticker “AG” is on the list of Reddit attacks. I hold the metal as well (not tons) another interesting one to watch. By the way the “AG” ticker could be a company I’ve been getting so much stuff I can’t keep up. I’m off tomorrow as well may adjust a few things see what the premarket looks like.

*sorry two replies here the one about the dental student I meant to delete but I will leave it for good measure, that’s wsb mentality
 
Observer
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Walrus Walrus
Well I was just looking at wsb. Some dental student used 46k of his student loan to dump into gme on Friday.


ya I got a link of a fund ticker “AG” is on the list of Reddit attacks. I hold the metal as well (not tons) another interesting one to watch. By the way the “AG” ticker could be a company I’ve been getting so much stuff I can’t keep up. I’m off tomorrow as well may adjust a few things see what the premarket looks like.

*sorry two replies here the one about the dental student I meant to delete but I will leave it for good measure, that’s wsb mentality
AG is First Majestic Silver. A solid miner that popped on good legal news on Thursday, and probably got the reddit boost on Friday. I started getting back into silver miners just in time, but I want more. Looks like I'm getting up early tomorrow.
 
lexieb007
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Tony C. Tony C.
The Onion has made a nice contribution:


gote5.jpg
gote6.jpg
Yep - seems the "presidential" thing to do in a crisis....wasn't Bush doing something similar when 9/11 was occuring?
 
Observer
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lexieb007 lexieb007
Yep - seems the "presidential" thing to do in a crisis....wasn't Bush doing something similar when 9/11 was occuring?
It’s satire. If it were real, the kids would have been reading to him.
 
Foo2rama
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lexieb007 lexieb007
Yep - seems the "presidential" thing to do in a crisis....wasn't Bush doing something similar when 9/11 was occuring?
THis is from the Onion, you can tell from the navigation elements being in their green. If you are not aware the Onion was a satirical newspaper that is now available online. They are of course referencing the 9/11 bush incident.
 
Vercingetorix
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Instead of silver, these guys should have picked lithium, cobalt, nickel and manganese. Put the hurt on Elon.
 
gbesq
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There is investing and there is gambling. There's a difference. And this is gambling. There will be a few big winners and a lot of losers.
 
STANDY
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gbesq gbesq
There is investing and there is gambling. There's a difference. And this is gambling. There will be a few big winners and a lot of losers.

Is this above comment for what is going on ?? or for the Stock Market in general ??

I ask because the stock market is actually a gamble on investment in its true form that results in a few big winners and a lot of losers very regularly 😗
 
gbesq
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STANDY STANDY
Is this above comment for what is going on ?? or for the Stock Market in general ??

I ask because the stock market is actually a gamble on investment in its true form that results in a few big winners and a lot of losers very regularly 😗
I respectfully disagree. By utilizing dollar cost averaging, investing in any of the major equity indexes (S&P 500, NASDAQ, Russell 2000), and not panic selling during market downturns, an average investor will do very well over the long haul. I’ve been doing exactly that for 30 years and I’ve done very well despite some disastrous downside markets.
 
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