GameStop is a money making machine...duh

indeed, my friend. which is not good for the long-run economy but is a boon for investors



people like the stonk. that is probably the only valid reasoning lmao

You're completely ignoring the great bond auction we had today, lowering LT rates. We have an even larger sale tomorrow.

Agree. The stimulus has been largely priced in. The feds bond selling is an underreported catalyst.

Our bonds continue to be fairly desired globally. Even though a yield of 1.51-1.6 ain’t shit it’s still better than holding zero or negative yielding euro or Japan bonds. We still have one of the largest & wealthiest tax base. As long as that holds we can continue to issue debt.

Let’s say bonds continue to sell off and we end up with a 2% it’s hard for me to see how international money won’t flow in to scoop those bonds. When the alternative is literally losing money on some of the other investment grade bonds out there.

The size of the bond market is much larger than equity and all that money has to go somewhere. Bond market is 100 trillion dollars vs equity markets which are around 68 trillion.

If futures hold true, then it's a good sign we shouldn't see any more huge red days. A lot of support after yesterday's run-up - let's see how today's bond sale goes.

Pretty tempted to jump in on the AMC ride today, fearing it'll plummet though.

Anyone else going in now or am I way late to the party?

Anyone with opinions on Opendoor?

CPI Inflation data is good.

less than 5 minutes in and I'm green as hell again lol

Went from down almost 20% a few days ago to up 5% this morning.

The original 300 price dropped because brokers stopped people's ability to buy it. Then big funds started shorting it from $300 which drove the price way down.

Then when trading got lifted it started going up from $40. Big institutions were shorting at $40.

Then last week there were no longer shares to short since institutions, again, over-shorted

Basically, institutions depressed the price by shorting, ran out of shortable shares, and the price went back up. They aren't learning from their mistakes

We're nowhere near where we were before when it was over 100% shorted, but last I checked it was like 60% which is still very significant.