I don't mean to revive the frenzy that was the GME stock fiasco from a month ago, but for folks that have tuned out since then (an understandable thing to do), the saga didn't end after the massive price spike was squashed. Hedge funds involved appear to be shorting and shorting the stock endlessly in an effort to (as far as I can tell) bankrupt Gamestop (this is the only way so far as I can tell that these hedgefunds would escape this situation victoriously). At this point, when this bubble pops, I reckon that this is going to be absolutely catastrophic as the entire market contracts in order to cover the debts that they've incurred by shorting this so much.

  • TheBroodian [none/use name]
    hexagon
    ·
    edit-2
    4 years ago

    I'm not really trying to make a point about the stock itself (not trying to encourage people to become involved in the trade of stocks), but more generally maybe giving a warning that I think at this point it's possible to observe the fixings for the next major market crash (maybe globally?)

    This is going to fuck people up