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Personal Finance and Investing

bucolic_frolic

(47,832 posts)

10. Pools and syndicates drove the 1920s market mania

Reply to DonaldsRump (Original post)

Wed Jan 27, 2021, 02:07 PM

Jan 2021

Gamestop is https://www.finviz.com/quote.ashx?t=gme

I think this is worse, this seems like the legendary Tulip Mania Bubble to me.

By the way, money is free. At 0%. Margin accounts are cheap too. That's why manias lead to crashes. The debt implodes with margin calls.

I wonder how many will owe more than they put into it originally.

"Jr., how much did my little genius make in the market today?"

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Highlight:

The collective "pump and dump": GameStop and others [View all] DonaldsRump Jan 2021 OP

Overstock was one of the first Wellstone ruled Jan 2021 #1

I worry about pension accounts that rely on the stock market being raided by these schemes. TheRealNorth Jan 2021 #2

Completely DonaldsRump Jan 2021 #4

Believe me customerserviceguy Jan 2021 #16

Fascinating...and a bit terrifying... jmbar2 Jan 2021 #3

Having social media customerserviceguy Jan 2021 #17

it can be very difficult to dissect the reasons for stock movements unblock Jan 2021 #5

Could be. But Blackberry? And AMC? DonaldsRump Jan 2021 #6

amc recently announced they shored up their cash position and bankrupcty is off the table unblock Jan 2021 #7

AMC shot up because they secured almost a billion dollars in new financing calguy Jan 2021 #9

Exactly TheRealNorth Jan 2021 #11

AMC closed at $19.90 today calguy Jan 2021 #14

I bought AMC at $16 a couple years ago. bif Jan 2021 #20

It's not about their business models customerserviceguy Jan 2021 #18

This makes me really wonder about the prudence of options trading being a legitimate market KPN Jan 2021 #8

Can you explain what you mean? A HERETIC I AM Jan 2021 #12

Lol. What's clear to me is clear to me. Had a KPN Jan 2021 #13

Fair enough! A HERETIC I AM Jan 2021 #21

Agreed. Derivatives are the devil's playground RainCaster Jan 2021 #15

Pools and syndicates drove the 1920s market mania bucolic_frolic Jan 2021 #10

There is a large short interest in $AMC and people are hungry for more whttevrr Jan 2021 #19