TWIG 596: Squeezing the Shorts

Beep boop - this is a robot. A new show has been posted to TWiT…

What are your thoughts about today’s show? We’d love to hear from you!

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Lovely episode! The only thing I can remember about the stock market, @ant_pruitt , is that the bull’s iconic move is to ram is horns up and the bear’s iconic move is to strike its paw down. Maybe, if we all pitch in the things we can remember, we arrive at a common stock market understanding. That would sound like a jazz medley. :wink:

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interesting about the gamestop thing. important to emphasize this shorting stuff is GAMBLING and one should be prepared for the consequences. At least (aside from doping) the greyhounds are honest racers unlike horses where a person is involved. now it seems GAMBLING on stock this way is subject to mob effects.

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Agree. I’m on the fence if bitcoin is gambling. Your take?

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Why does @JeffJarvis hate dark mode?

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Absolutely brilliant. THANKS for this. Thanks for watching our show :slightly_smiling_face:

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Because he’s misguided :wink:

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Bitcoin is a currency. Speculating on the value of a currency is gambling though.

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Yep people are horrible that’s why I involve myself in the twit army/podcastverse because it’s a safe place to hang out. Thanks everybody.

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and there are some very rich people whose life involves gambling with huge pots of money - I am sure they are not really doing anything good for society. what a world we live in. (hedge funds and high frequency traders)

I am as critical as the next guy about great accumulations of money. However, it’s not at all implausible that our pension funds which we('d) love to see going up 7-10% each year are, to a notable degree, invested in those hedge funds which bet against the reddit gang and are now being queezed. I’ve made the experience that the world is smaller than I previously thought. Cheering for one crowd can hold some surprising irony after learning more. Not trying to be wise here and do not have any insight, I’ve just have been bitten by that irony before.

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Lets not cast the financial sector into the depths because it’s the flavor of the week to do so.

I would wager that there are 20 fund managers worthy of their earnings for every bottom feeder. These investments aren’t just about the dividends - the liquidity make things happen, from retirement security to tech innovations, from clean energy initiatives to medical R&D. I’d say the inverse is true of the DeFi scene right now.

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I would prefer my pension was not generated from a high risk gamble. easy come easy go…

Fully agree. My (underinformed) take is just that any individual investment is risky. Institutional investors are balancing that risk so we don’t have to do that ourselves. Part of that balancing are more and less risky components. If they only picked less risky components, we’d over time save 100k and get back 90k. So it needs some Evil Knevil opportunities (that land right side up) for our expectations to be met. Over here, we say that “many people like sausages, but none wants to see them get made”, maybe the most German proverb. :wink:

Of course, all of that is based on limited insight. What’s happening with GameStop is, in my mind, entertaining to watch, but nothing but populist, pyramid scheme, pop culture, thuggish vandalism. But since we live in an entertainment society where we marvel at and chime into everything bright and shiny: that’s us. (I don’t exclude myself from it.)

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unfortunately over time there seems to be more and more ‘mob’ activity.

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:fist_right:t5: cheers to you