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by teekert 1965 days ago
I really hate how big hedge funds can consistently pull money out of the market using tools normal people don't have access to. When it bites them because they get caught with their hands in the cooky jar, they call the market "irrational" or that the "market is disturbed". But their profits are disturbed by people that play "their" game by the rules. Nobody likes to see a a billionaire get even more rich just by shuffling money around while the rest of us are down here providing real value to the world in the form or goods and services. They should be happy it's just a short squeeze and not a full blown revolution.
2 comments

Yeah, regardless of the results of the event, public trust for financial institutions are plunging down at a rapid rate. Your comment on the morality of the stock markets reminds me Slavoj Zizek's article "Corruption for everybody!": https://spectator.us/topic/corruption-for-everybody-slavoj-z...
Yep, especially the Nasdaq CEO's suggestion to halt trading so the big players can "recalibrate their positions" (groan):

https://investorsnews.net/2021/01/27/nasdaq-ceo-suggests-hal...

Ah.. halting seems like a nice tool for to use! Please halt trading during the next crash so us normies can recalibrate our positions. We need all the money we can get to bail out too-big-to-fail financial institutions afterwards. It would only be fair, right? Level the playing field.