• Quimby [any, any]
    cake
    ·
    edit-2
    4 years ago

    umm... what? tanking? dude, the stock market is barely off an all time high. the whole GME thing is a couple billion. it's great for headlines, but that barely makes a dent in the normal volume across the market as a whole.

    • PhaseFour [he/him]
      ·
      edit-2
      4 years ago

      600 pts off the all time high is significant, especially when this week has been the most volatile week since March. Remember that? When stocks saw their sharpest downturn in history?

      The "GME thing" is not a "couple billion." It is, alongside the other squeezed stocks, the most traded stock this week.

      Yesterday, the main clearing house which manages 95% of trades that happen in the world, suffered a liquidity crisis & nearly had to shut down all trading. That is a looming possibility through this squeeze.

      GME is great for headlines. It's clear you don't read much more than that.

      • Quimby [any, any]
        cake
        ·
        4 years ago

        lemme know when the market shuts down due to people using the market. I'll be here.

        • PhaseFour [he/him]
          ·
          4 years ago

          Read about trading curbs. That would be a good place to start. Or go learn about the halted trading due to liquidity yesterday. "Market shuts down due to people using the market" isn't as bizarre as you are framing it to be.

          • Quimby [any, any]
            cake
            ·
            4 years ago

            a trading halt isn't the same as the market breaking. you need to calm down a little bit.

            • PhaseFour [he/him]
              ·
              4 years ago

              lemme know when the market shuts down due to people using the market.

              Sure sounds like something you were unaware of

              Also, please, just inform yourself of what happened yesterday. DTC had a serious liquidity crisis, and this squeeze has barely begun. [1]

              • Quimby [any, any]
                cake
                ·
                4 years ago

                It sounds to me like you started learning about the stock market recently and are really excited to tell everyone what you learned. and that's great, but you need to take it down a notch. you're being debate bro-y, and it's a bit much.

                • PhaseFour [he/him]
                  ·
                  edit-2
                  4 years ago

                  I've posted financial news on here & the Chapo sub before this since the Fed began pumping the Repo market back in September 2019.

                  I don't want to be "debate bro"-y but you've just been lying nonstop.