As someone who's been following this a little too closely - the banks are about to implode again. They cooked the books in their latest earnings report to show the highest profits ever in their April 15 earnings reports, and just issued billions of corporate bonds.
This is not financial advice - but they're looking for bagholders - pull your money out and wait for it to crash.
Positions:
112 $GME
1 $800 July 16 $GME call
What metrics are you looking at? It's almost common knowledge that the markets are overvalued and due for a big crash, what do you think the signs will be before it hits? I used to try tracking the market for signs of collapse last summer and have no idea anymore
They've likely just been watching the still ongoing GME saga continue to uncloak and defunct decades of tools of financial warfare that until now were only known by the wonkiest of finance wonks.
I myself have embarrassingly fixated on this whole situation, and while I do have shares, it isn't simply financial interest at play here.
The way I see it, capitalism in the neoliberal era (and the birthing post-neoliberal era) operates a lot like Enron did in its demise. I'll post a more detailed comparison later if anyone is interested, but the final years were the exact same.
The GME saga has been fascinating, but I've skipped a lot of the info cuz most of it comes from either redditors trying to sell stock or corporate media trying to cover it all up. I'd love to see a post on the topic, let me know if you do
To be honest I feel that it may be a bit wasted to type it out today when a lot may change tomorrow morning. But big stuff seems to be happening. As meme-poisoned as it is, this twitter account has been the current center of discussion: https://twitter.com/dog_shill
I'll check it out!