all 10 comments

[–]RightousBob 8 insightful - 1 fun8 insightful - 0 fun9 insightful - 1 fun -  (4 children)

So much for free market capitalism.

[–]magnora7 7 insightful - 2 fun7 insightful - 1 fun8 insightful - 2 fun -  (1 child)

It's a free market until hyper-rich people lose money, then they want to change the rules lol

[–]jamesK_3rd 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Yeh nobody realized that Janet Yelen and other bureaucrats were speakers that most of these big banks paid a ton of money to. Bureaucrats make a ton of money in these funds and in speaking engagements.

The people won't be allowed to attack the system like this, I bet they'll fix this loophole this year.

[–]StrategicTactic 5 insightful - 3 fun5 insightful - 2 fun6 insightful - 3 fun -  (1 child)

TradeZero is offering market correction.

In light of current market volatility, we are NOT restricting transactions for certain securities to position closing only, including $AMC and $GME.

[–]chadwickofwv 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Thanks for the info.

[–]Feldheld 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (2 children)

Selling is still allowed. So who is still allowed to buy? You cant sell without a buyer, right?

[–]RatherSmallPotato 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

I guess sell orders with no one buy floods the market and brings the price down.

[–]Galthran 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

I think Robinhood is a service for small time investors so it would be the fat cats and shorters who don't use such platforms.

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

Robinmillennial is as good a scam as it gets. Come in spinner.

[–]StillLessons 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

It took a long time, but the false "market" we've seen in place for more than ten years is being quite explicitly exposed with this fiasco. I am a little surprised that someone was able to organize enough small fish to act quickly enough and in a concentrated enough fashion to create such a dramatic effect. I haven't paid close attention to this, but I'm guessing Gamestop's market cap can't have been that big? These are some crazy moves. Sure big enough to catch the hedge funders' pant's down.

Another data point in the final stages of the current fiat money system. How much will they print to paper this one over?