First of all, I’d like to start off by stating this post is completely nonpartisan. GME is not a political debate, it’s a class war.
Okay, let me ask you guys this — how many of you knew that when the pandemic began, the FED pumped $3 trillion dollars into the markets? I watch the news in the background all day, every day, and I didn’t know at the time when the injections were happening. This news would have been of great interest to me since I day trade, so it would not be something that I wasn’t paying attention to. I just simply wasn’t looking in the right places.
You may not have been aware of the pump either because it was discreet. And we were even misled about it. How many times did you hear Trump brag that markets being at an all-time high? This literally had nothing to do with how well the economy was doing. Or the markets for that matter. The record high is completely artificial.
This isn’t a political issue; this is a class issue. What should infuriate you most is that people were literally starving, unable to pay their rent, and job losses were reaching record highs, while our government withheld aid to desperate Americans, and even took a vacation in the middle of their debate about it. But the Federal Reserve wasted no time (in March 2020) spending trillions of dollars bailing out banks. Again.
It was not to protect your retirement accounts. They claimed there was not enough liquidity in the markets, and Fed Chair Jerome H. Powell stated he will do whatever it takes to prevent another Great Depression. But their actions are what is about to cause the next potential Great Depression.
Not only was $3 trillion pumped into the market, but the Federal Reserve also lent an additional $1 trillion a day to large banks for 14-days. None of that was taxpayer money, by the way. The FED was just printing money. They loaned TRILLIONS OF DOLLARS to big banks, while the U.S. Government told the American people they didn’t even deserve a $600 check of their own, taxpayer money.
The banks, investment firms, and hedge funds got too greedy and pumped too much into the market (Here’s what the s&p currently looks like if you haven’t seen this image), and the SEC and the DTCC were complicit. Now, there’s too much liquidity. There is more borrowed money than real cash in the market and it has no real value. It’s a house of cards, ready to fall at any moment. The wheels are in motion. It is happening. Correction is imminent.
The SEC realized the market bubble at least 6 months ago. You may have heard that big banks recently had huge record-setting sales last week on bonds and were taking advantage of a recent dip in Treasury yields. That was a lie. The SEC told brokers that as of April 22nd, they must have the capital to cover every share they borrowed from investors and lent out to hedge funds. So, stockbrokers needed billions of extra capital on hand by April 22nd or they will have to recall shares.
I personally believe that the crash has begun and has been in motion since early February. I wrote a post about it yesterday, after realizing the trends for every stock on my watchlist have been extremely unusual. I received hundreds of comments from people saying they’re noticing the same unusual trend.
The crash isn’t obvious to the average person because the stock market has continued to report record highs, every week. However, my trading strategy focuses entirely on penny stocks that are owned by hedge funds known to manipulate the market. Most stocks I invest in are all complete garbage, but I look for pump and dumps, obvious manipulation patterns, and anticipate runners based on near-identical charts of multiple companies. So, none of the stocks on my watchlists are in any of the benchmark indexes like the s&p 500, Nasdaq, and the Dow.
In one of the most interesting comments, Comotron explains it perfectly: “High-momentum stocks, which are risky at any time of the market cycle, are particularly so in the weeks prior to a bull market top. There could be a ‘smaller dip first, followed by another rise for a few months and finally a much larger correction that officially ends the bull cycle. That’s the conclusion I reached upon analyzing all U.S. bull markets since 1926. Stocks that are riding a wave of momentum do not crest in unison with the broad market averages. They instead start to lose steam several weeks in advance. It is probably fair to say that “penny stocks” fall into the “high-momentum stocks” category. Either way, based on historical data, there appear to be credible indicators that suggest a market correction might happen in the near future.”
That information is fucking. fascinating. From early December to mid-January, the market was ridiculously bullish. I literally made more money in one month than my annual salary. Then all of a sudden, every single one of my stocks just started trending downward, had a short rise, and have continued to bleed for the past few weeks. All of them. Exactly the same time. And exactly like he said in the comment.
There has definitely already been a mass sell-off of securities by hedge funds who have lost AT LEAST 70 billion dollars in the past quarter, because of the tremendously dangerous and reckless risks they’ve taken recently, which alone would have crashed the market without the pump from the Federal Reserve. As we know, the hedge funds knew it would too, but gambled with our money anyway. This is just the beginning. There is a domino effect of bankruptcies on the way for hedge funds.
We know the media has recently reported that investment banks and hedge funds had record-breaking quarters recently. Which, technically they did. But that’s because losses are only reported when you sell. They have not covered any of the short positions yet and are paying millions of dollars every single day until they do. In fact, capital from the mass sell-off isn’t going towards paying off their debt, millions of dollars are going towards suppressing this information, manipulating the market for more capital, and reducing losses. What they’re doing is completely illegal and the media is not reporting it, the left or the right-wing media. It’s because they’re all controlled by billionaires. In the past three months, I have never seen so much lying and corruption in my life.
As the SEC’s deadline to secure capital approaches there have been other signs that things are going to blow up very soon. For instance:
- The SEC announced in a press release that it will award a record-breaking $114 million to whistleblowers whose information and assistance lead to the successful enforcement of SEC and related actions.
- Gary Gensler was confirmed as the new chairman of the Securities and Exchange Commission (SEC) on Wednesday. He was sworn on Saturday. What’s interesting about that is that it’s not typical to be sworn in on Saturdays. The last SEC chairman to be sworn in on a Saturday was George Bradford Cook, and it was before the Watergate scandal broke.
When all this does break, they will try to change the narrative. They’re going to blame it on retail traders and say overvalued stocks bought during the pandemic caused the crash. Fox will probably even blame the Biden administration. But either way, they’ve already started pushing an alternative narrative. For example, CNN linked an interview with some dude (I really don’t care enough to look for his name or the video, because I don’t find him credible) who owns a market intelligence company. The guy apparently predicted every single market crash since 1987’s Black Monday. I watched the whole interview, and he went on and on about how there will be a market crash soon and said the reason is that tech stocks are overvalued right now. If he were an actual market expert explaining the upcoming market bubble, he would have mentioned any of the information above, but he didn’t. He strictly talked about tech stocks.
So, yeah, it’s out there. Billionaires control the stock market, media, and our politicians.
I don’t know about you guys, but I’m fucking sick of it. And for that, they need to pay.
There are many factors in all this that we need to calculate into our ceiling/floor. First of all, we should demand back the $17 trillion dollar bailout given to banks, that was gambled away recklessly, and will inevitably crash our economy.
$17 trillion / 55.6 million (float) = $303,571.00/share
That would be my floor if there was no market bubble. But there is. And it’s their fault. Therefore, our floor should hold them accountable for the massive amount of money Americans are about to lose when the market crashes. The only problem (for hedge funds) is that no one knows how much this is going to cost.
For that reason, I believe GME is priceless. They can’t afford to keep the price down, once the squeeze begins. We literally choose the price. The limit does not exist.
I believed it before, but I see it now. And I have all the information, which makes me believe we are owed this money. Not just for past for corruption, but to cover future, unavoidable losses.
I ask you all to stop fighting about the floor and ceiling, take down your sell limits, and repeat after me:
“My shares are not for sale.”
Stop thinking about selling. I will remind you again that we own the float. They’re paying millions of dollars in interest each day and will eventually be forced to cover. Force the liquidity to dry up. Watch buy orders rise from $1,000, $5,000, $10,000…$1,000,000…because they’re not being filled.
Sell when you feel comfortable and believe it’s an amount you deserve. Everyone has different risk tolerances, not everyone will sell at the same time, and we know the original members of r/wallstreetbets have an extremely and unusually high tolerance for risk. So, trust us and each other.
This really is a revolution. As Scaramucci Tweeted, this is like the modern-day French Revolution of finance. Gamestop is a MOTHERFUCKING (Keith) GILL-OTINE.
This is the way.
Edit: Since this hit r/all, I thought I would mention that I am a female because WSBs has gotten a lot of criticism about it being a “boys’ club”. It isn’t.
Edit 2: Yo, Mr. Gensler – FOR SOME REASON, Jay Clayton and the mainstream media were unable to figure most of this information out. (I know, crazy!) So, will I be receiving my $114 million whistleblower check in the mail…or…? Also, Jay Clayton might not be aware he’s out of a job yet. You guys may want to let him know. Not on top of things, that one.