fortunegod personal page - To The Moon

fortunegod

fortunegod

HENG ONG HUAT

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2021-05-10

????

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2021-03-21

$GameStop(GME)$Apes together stronk smooth brains

2021-03-16

$GameStop(GME)$Super volatile, buy at your own risk ??

2021-02-26

$GameStop(GME)$APES HOLD, NO PAPERHANDS HERE

2021-05-10

????

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2021-05-10

nicee

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2021-03-31

$Tiger Brokers(TIGR)$???

2021-03-25

$Tiger Brokers(TIGR)$down bad

2021-04-27

$Tiger Brokers(TIGR)$holdddd

2021-02-24

APES TOGETHER STRONG ??

The GameStop Craze Was Mostly Just Crazy

2021-05-10

$Luokung Technology Corp(LKCO)$waiting for the company to release some PR. holding!

2021-03-08

$GameStop(GME)$?

2021-05-06

$Luokung Technology Corp(LKCO)$??

2021-04-27

$Luokung Technology Corp(LKCO)$????

2021-03-20

$Luokung Technology Corp(LKCO)$i believed in LKCO

2021-03-15

$Luokung Technology Corp(LKCO)$???

2021-03-09

$GameStop(GME)$???????

2021-02-25

APES TOGETHER STRONK??????? BUY AND HOLD ??✋?✋?✋?

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2021-02-25

to the moon ???

The GameStop Craze Was Mostly Just Crazy

Go to Tiger App to see more news

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Check out these mini-games, try them, stay with us and be PAWSITIVE!Remember to collect the cards and spell out \"T.I.G.E.R\" during your journey for a chance to receive the limited edition 8th Anniversary 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一來，在五一假期裏確實沒有什麼重大的情報出現，二來呢，市場仍然是延續着我們此前的預期在走：比如黃金的見底反彈，美股大盤的高位趕頂，農產品的持續飆漲，另外還有銅，鐵等大宗商品牛市的盛世依舊；中間雖有小幅的波折吧，但在今天之前，你不會因爲我們此前的分析而遭受什麼損失。 但是接下來呢，情況已經悄悄發生了改變。 比如說最近的非農數據，比如說耶倫此前突然的放鷹，這些都已經在潛移默化的影響着盤面的走勢，只是其中有着複雜的邏輯背景，需要給你來梳理清楚，花5分鐘讀完這篇分析，我們保證你的交易方向會更加的明確。 首先聊聊這個非農鬧劇吧。 本來是爆了個大冷門，20多萬的非農就業人數，遠遠不及預期的100多萬的數字，失業率仍然達到了6.1%. 也遠高於預期的5.8%，和流行病之前500多萬的就業增量來說，還有上百萬的坑沒有填上： 這麼差的勞動力市場，怎麼美股不跌反漲？黃金爲什麼沒有一飛沖天？而僅僅是嘗試了1830的阻力位後就觸頂回落接着磨嘰呢？ 其實也沒啥奇怪的，真相就是：對於現在的政策態度和宏觀數據，市場並不買單。這次的非農數據可以當成一個笑話來看，並不需要那麼過度解讀。 公佈出來的非農數據是嚴重扭曲失真的， 第一，26.6萬的就業人數，很可能是假象，而真正在工作的人數有可能大於這個數字， 第二，非農數據的疲弱並不能表現出經濟復甦的放緩，實體經濟的崗位需求仍然強勁。很多崗位的坑沒法填補，原因很簡單，你拜登政府1萬個億的刺激發下去，每週不工作可以白拿300美金的補助，誰樂意去幹活呢？ 第三，即便是真實的就業數據仍不及預期，還是對消費，對投資，對外貿產生不了很大的負面影響。爲啥？民衆手裏有錢，消費這個馬達不會出現問題，大量的資金髮下去，也必然有一部分熱錢脫實入虛，財政刺激下，投資不會出現問題，外貿上，美國的政治影響力不能小看，所以貿易賬沒有問題，現在能決定經濟","listText":"首先說聲抱歉，隔了這麼久沒有更新， 一來，在五一假期裏確實沒有什麼重大的情報出現，二來呢，市場仍然是延續着我們此前的預期在走：比如黃金的見底反彈，美股大盤的高位趕頂，農產品的持續飆漲，另外還有銅，鐵等大宗商品牛市的盛世依舊；中間雖有小幅的波折吧，但在今天之前，你不會因爲我們此前的分析而遭受什麼損失。 但是接下來呢，情況已經悄悄發生了改變。 比如說最近的非農數據，比如說耶倫此前突然的放鷹，這些都已經在潛移默化的影響着盤面的走勢，只是其中有着複雜的邏輯背景，需要給你來梳理清楚，花5分鐘讀完這篇分析，我們保證你的交易方向會更加的明確。 首先聊聊這個非農鬧劇吧。 本來是爆了個大冷門，20多萬的非農就業人數，遠遠不及預期的100多萬的數字，失業率仍然達到了6.1%. 也遠高於預期的5.8%，和流行病之前500多萬的就業增量來說，還有上百萬的坑沒有填上： 這麼差的勞動力市場，怎麼美股不跌反漲？黃金爲什麼沒有一飛沖天？而僅僅是嘗試了1830的阻力位後就觸頂回落接着磨嘰呢？ 其實也沒啥奇怪的，真相就是：對於現在的政策態度和宏觀數據，市場並不買單。這次的非農數據可以當成一個笑話來看，並不需要那麼過度解讀。 公佈出來的非農數據是嚴重扭曲失真的， 第一，26.6萬的就業人數，很可能是假象，而真正在工作的人數有可能大於這個數字， 第二，非農數據的疲弱並不能表現出經濟復甦的放緩，實體經濟的崗位需求仍然強勁。很多崗位的坑沒法填補，原因很簡單，你拜登政府1萬個億的刺激發下去，每週不工作可以白拿300美金的補助，誰樂意去幹活呢？ 第三，即便是真實的就業數據仍不及預期，還是對消費，對投資，對外貿產生不了很大的負面影響。爲啥？民衆手裏有錢，消費這個馬達不會出現問題，大量的資金髮下去，也必然有一部分熱錢脫實入虛，財政刺激下，投資不會出現問題，外貿上，美國的政治影響力不能小看，所以貿易賬沒有問題，現在能決定經濟","text":"首先說聲抱歉，隔了這麼久沒有更新， 一來，在五一假期裏確實沒有什麼重大的情報出現，二來呢，市場仍然是延續着我們此前的預期在走：比如黃金的見底反彈，美股大盤的高位趕頂，農產品的持續飆漲，另外還有銅，鐵等大宗商品牛市的盛世依舊；中間雖有小幅的波折吧，但在今天之前，你不會因爲我們此前的分析而遭受什麼損失。 但是接下來呢，情況已經悄悄發生了改變。 比如說最近的非農數據，比如說耶倫此前突然的放鷹，這些都已經在潛移默化的影響着盤面的走勢，只是其中有着複雜的邏輯背景，需要給你來梳理清楚，花5分鐘讀完這篇分析，我們保證你的交易方向會更加的明確。 首先聊聊這個非農鬧劇吧。 本來是爆了個大冷門，20多萬的非農就業人數，遠遠不及預期的100多萬的數字，失業率仍然達到了6.1%. 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href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>???","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>???","text":"$Tiger Brokers(TIGR)$???","images":[{"img":"https://static.tigerbbs.com/73b41ce17a8e74a7f6095a6e73ce7a39","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/354511814","isVote":1,"tweetType":1,"viewCount":871,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":351753906,"gmtCreate":1616635527005,"gmtModify":1704796693435,"author":{"id":"3574233717192034","authorId":"3574233717192034","name":"fortunegod","avatar":"https://static.tigerbbs.com/60dc33919c848b101d3dda79aa318529","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574233717192034","authorIdStr":"3574233717192034"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger 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right?"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":377152299,"gmtCreate":1619508940111,"gmtModify":1704725119263,"author":{"id":"3574233717192034","authorId":"3574233717192034","name":"fortunegod","avatar":"https://static.tigerbbs.com/60dc33919c848b101d3dda79aa318529","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574233717192034","authorIdStr":"3574233717192034"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>holdddd","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>holdddd","text":"$Tiger 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??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/361060977","repostId":"1108395722","repostType":4,"repost":{"id":"1108395722","kind":"news","pubTimestamp":1614154510,"share":"https://ttm.financial/m/news/1108395722?lang=en_US&edition=fundamental","pubTime":"2021-02-24 16:15","market":"us","language":"en","title":"The GameStop Craze Was Mostly Just Crazy","url":"https://stock-news.laohu8.com/highlight/detail?id=1108395722","media":"The New York Times","summary":"The congressional hearing about the “meme stock” frenzy shows it was definitely bizarre, but maybe n","content":"<p>The congressional hearing about the “meme stock” frenzy shows it was definitely bizarre, but maybe not as meaningful as we desire.</p>\n<p>What if no one had done anything wrong?</p>\n<p>That’s the bizarre takeaway I was left with this past Thursday, following the House Financial Services Committee’s five-hour hearing on last month’s wild emergence of day-traders betting enormous collective sums on “meme stocks” — shares in the companies that became half-ironically very popular on Reddit and the brokerage app Robinhood this year.</p>\n<p>Many of us in the media, along with media consumers, tried to make sense of the frenzy — our brains (and business incentives) demand it. But the hearing suggested that was folly. In the end, it appears a lot of money changed hands in unforeseen, bizarre ways, but that there are no grand lessons, despite our great desire for them.</p>\n<p>At the hearing’s center was Vlad Tenev, the chief of the Robinhood. His app’s user-friendly interface and his initial belief in imposing few guardrails on its traders enabled an unprecedented surge in the share price of the video game retailer GameStop. Now trading around $40 per share, at one point, its price was as high as $483.</p>\n<p>While users of the Reddit forum WallStreetBets had been talking up GameStop for weeks before its stock skyrocketed, it grew into a cultural phenomenon only once a jaunty bunch of forum members painted themselves as the antagonists of the hedge funds that bet big money on GameStop plummeting (by “short-selling” the stock). Some technocrats had wondered if Reddit may have enabled a form of illegal stock manipulation. And so Steve Huffman, Reddit’s chief executive, was in attendance Thursday too.</p>\n<p>Then there was Keith Gill, known as Roaring Kitty on YouTube and Deep [Expletive] Value on Reddit. Mr. Gill, a recent MassMutual employee, whose longtime advocacy of GameStop and huge gains during the meme stock craze made him an icon, spoke bluntly about the company’s upsides and defended the integrity of publicly discussing his trades: “In short, I like the stock.” Mr. Huffman of Reddit also seemed sensible, explaining to lawmakers that Reddit’s forums are moderated by users themselves. After an internal investigation, Mr. Huffman said he saw no evidence of malign actors artificially generating excitement about GameStop or other companies that were buoyed by WallStreetBets.</p>\n<p>The financial heavyweights involved in the episode were called to the hearings as well: There was Gabe Plotkin of Melvin Capital, the hedge fund that took the most infamous losses by betting against GameStop. He was joined by Kenneth Griffin, the leader of Citadel. His company invested in Melvin Capital after its GameStop losses<i>and</i>makes money by executing trades on behalf of Robinhood (and some other retail brokers).</p>\n<p>It was this knotty set of entanglements that spurred bipartisan outrage and seeded conspiracy theories online — especially when Robinhood restricted purchases of GameStop and other meme stocks, with little explanation, fueling a crash in their share prices. In that void, many became suspicious that Citadel may have been illegally pulling strings to make money on both sides of the saga.</p>\n<p>But after the hearing, it became clear that the sinister theories lacked substance.</p>\n<p>Barring some bombshell revelation, it appears the hearing confirmed a more turgid underlying truth: The trading in GameStop and other meme stocks was so volatile that the clearinghouses — which are in charge of making sure money gets correctly exchanged between buyers and sellers —demanded billions&nbsp;in collateral from Robinhood and other retail brokerage platforms to ensure that the trades settled. So the brokerages had to hit pause.</p>\n<p>While financial commentators and regulators can and will argue about what if any regulations should be instituted going forward, it looks as if everybody played by the rules, as they stand.</p>\n<p>So did we really learn anything profound? The marketplace of opinions about the meme stock phenomenon has been as volatile as the trading itself: A series of hypotheses about populism, corruption, masculinity, inequality and price bubbles battled for primacy among those of us who watch cable news and consume think pieces.</p>\n<p>At the hearing, various members endorsed different theories. “Many Americans feel that the system is stacked against them, and no matter what, Wall Street always wins,” said the Financial Services Committee chairwoman, Maxine Waters, Democrat of California.</p>\n<p>The panel’s ranking Republican member, Patrick McHenry of North Carolina,suggested&nbsp;that the issue was less that of a game rigged against small-time investors and more the lack of productive assets for them to buy. “We created a world where it’s easier to buy a lottery ticket than it is to invest in the next Google,” he said. “Is it any wonder why the unhealthy dynamics of GameStop happened?”</p>\n<p>All in all, some hedge funds got pummeled, but briefly. Some unlucky retail investors got in on the fun too late, taking serious losses. And there were also plenty of life-changing profits taken by people far beyond the usual suspects. That’s a pretty muddied picture.</p>\n<p>The most meaningful thing to glean from all of this, according to Josh Brown, the chief executive of Ritholz Asset Management, may be a large incentive change for market behavior going forward: “I don’t think it’s in anyone’s best interest to be that visibly vocally ‘short’ on anything,” he told me. “I think that era has ended where there’s this automatic kneejerk reverence for a $5 billion hedge fund manager with a PowerPoint” pitching other investors on why they should bet against a company.</p>\n<p>Though shares in GameStop and fellow meme stock AMC have fallen far short of “the moon” where its boosters hoped it would land, both companies are, for now, trading above their most disastrous lows.</p>\n<p>And while Melvin Capital, the beleaguered hedge fund, finds itself fortunate and still in operation, any institution with a greedy “short” position on a thinly traded stock runs a major risk in this newly democratized financial market.</p>\n<p>“If it becomes a meme,” Mr. Brown said, “literally your fund could get closed.”</p>\n<p>Few will mourn the degradation of aggressive short-sellers; they’re the skunks at the picnic. But it does raise the question of&nbsp;why regulators are eyeing new rules&nbsp;about their behavior. After all, the market — with meme stocks or not — may take care of them on its own.</p>","source":"lsy1608616134662","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The GameStop Craze Was Mostly Just Crazy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe GameStop Craze Was Mostly Just Crazy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 16:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://nytimes.com/2021/02/23/opinion/gamestop-price-congress-robinhood.html><strong>The New York Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The congressional hearing about the “meme stock” frenzy shows it was definitely bizarre, but maybe not as meaningful as we desire.\nWhat if no one had done anything wrong?\nThat’s the bizarre takeaway I...</p>\n\n<a href=\"http://nytimes.com/2021/02/23/opinion/gamestop-price-congress-robinhood.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"http://nytimes.com/2021/02/23/opinion/gamestop-price-congress-robinhood.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108395722","content_text":"The congressional hearing about the “meme stock” frenzy shows it was definitely bizarre, but maybe not as meaningful as we desire.\nWhat if no one had done anything wrong?\nThat’s the bizarre takeaway I was left with this past Thursday, following the House Financial Services Committee’s five-hour hearing on last month’s wild emergence of day-traders betting enormous collective sums on “meme stocks” — shares in the companies that became half-ironically very popular on Reddit and the brokerage app Robinhood this year.\nMany of us in the media, along with media consumers, tried to make sense of the frenzy — our brains (and business incentives) demand it. But the hearing suggested that was folly. In the end, it appears a lot of money changed hands in unforeseen, bizarre ways, but that there are no grand lessons, despite our great desire for them.\nAt the hearing’s center was Vlad Tenev, the chief of the Robinhood. His app’s user-friendly interface and his initial belief in imposing few guardrails on its traders enabled an unprecedented surge in the share price of the video game retailer GameStop. Now trading around $40 per share, at one point, its price was as high as $483.\nWhile users of the Reddit forum WallStreetBets had been talking up GameStop for weeks before its stock skyrocketed, it grew into a cultural phenomenon only once a jaunty bunch of forum members painted themselves as the antagonists of the hedge funds that bet big money on GameStop plummeting (by “short-selling” the stock). Some technocrats had wondered if Reddit may have enabled a form of illegal stock manipulation. And so Steve Huffman, Reddit’s chief executive, was in attendance Thursday too.\nThen there was Keith Gill, known as Roaring Kitty on YouTube and Deep [Expletive] Value on Reddit. Mr. Gill, a recent MassMutual employee, whose longtime advocacy of GameStop and huge gains during the meme stock craze made him an icon, spoke bluntly about the company’s upsides and defended the integrity of publicly discussing his trades: “In short, I like the stock.” Mr. Huffman of Reddit also seemed sensible, explaining to lawmakers that Reddit’s forums are moderated by users themselves. After an internal investigation, Mr. Huffman said he saw no evidence of malign actors artificially generating excitement about GameStop or other companies that were buoyed by WallStreetBets.\nThe financial heavyweights involved in the episode were called to the hearings as well: There was Gabe Plotkin of Melvin Capital, the hedge fund that took the most infamous losses by betting against GameStop. He was joined by Kenneth Griffin, the leader of Citadel. His company invested in Melvin Capital after its GameStop lossesandmakes money by executing trades on behalf of Robinhood (and some other retail brokers).\nIt was this knotty set of entanglements that spurred bipartisan outrage and seeded conspiracy theories online — especially when Robinhood restricted purchases of GameStop and other meme stocks, with little explanation, fueling a crash in their share prices. In that void, many became suspicious that Citadel may have been illegally pulling strings to make money on both sides of the saga.\nBut after the hearing, it became clear that the sinister theories lacked substance.\nBarring some bombshell revelation, it appears the hearing confirmed a more turgid underlying truth: The trading in GameStop and other meme stocks was so volatile that the clearinghouses — which are in charge of making sure money gets correctly exchanged between buyers and sellers —demanded billions in collateral from Robinhood and other retail brokerage platforms to ensure that the trades settled. So the brokerages had to hit pause.\nWhile financial commentators and regulators can and will argue about what if any regulations should be instituted going forward, it looks as if everybody played by the rules, as they stand.\nSo did we really learn anything profound? The marketplace of opinions about the meme stock phenomenon has been as volatile as the trading itself: A series of hypotheses about populism, corruption, masculinity, inequality and price bubbles battled for primacy among those of us who watch cable news and consume think pieces.\nAt the hearing, various members endorsed different theories. “Many Americans feel that the system is stacked against them, and no matter what, Wall Street always wins,” said the Financial Services Committee chairwoman, Maxine Waters, Democrat of California.\nThe panel’s ranking Republican member, Patrick McHenry of North Carolina,suggested that the issue was less that of a game rigged against small-time investors and more the lack of productive assets for them to buy. “We created a world where it’s easier to buy a lottery ticket than it is to invest in the next Google,” he said. “Is it any wonder why the unhealthy dynamics of GameStop happened?”\nAll in all, some hedge funds got pummeled, but briefly. Some unlucky retail investors got in on the fun too late, taking serious losses. And there were also plenty of life-changing profits taken by people far beyond the usual suspects. That’s a pretty muddied picture.\nThe most meaningful thing to glean from all of this, according to Josh Brown, the chief executive of Ritholz Asset Management, may be a large incentive change for market behavior going forward: “I don’t think it’s in anyone’s best interest to be that visibly vocally ‘short’ on anything,” he told me. “I think that era has ended where there’s this automatic kneejerk reverence for a $5 billion hedge fund manager with a PowerPoint” pitching other investors on why they should bet against a company.\nThough shares in GameStop and fellow meme stock AMC have fallen far short of “the moon” where its boosters hoped it would land, both companies are, for now, trading above their most disastrous lows.\nAnd while Melvin Capital, the beleaguered hedge fund, finds itself fortunate and still in operation, any institution with a greedy “short” position on a thinly traded stock runs a major risk in this newly democratized financial market.\n“If it becomes a meme,” Mr. Brown said, “literally your fund could get closed.”\nFew will mourn the degradation of aggressive short-sellers; they’re the skunks at the picnic. But it does raise the question of why regulators are eyeing new rules about their behavior. After all, the market — with meme stocks or not — may take care of them on its own.","news_type":1,"symbols_score_info":{"GME":0.9,".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":366,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190975301,"gmtCreate":1620578279503,"gmtModify":1704345125767,"author":{"id":"3574233717192034","authorId":"3574233717192034","name":"fortunegod","avatar":"https://static.tigerbbs.com/60dc33919c848b101d3dda79aa318529","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574233717192034","authorIdStr":"3574233717192034"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>waiting for the company to release some PR. holding!","listText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>waiting for the company to release some PR. holding!","text":"$Luokung Technology Corp(LKCO)$waiting for the company to release some PR. holding!","images":[{"img":"https://static.tigerbbs.com/28b9559e0c55e4b1455a89b8e82ee658","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190975301","isVote":1,"tweetType":1,"viewCount":2202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":329397487,"gmtCreate":1615206108449,"gmtModify":1704779528179,"author":{"id":"3574233717192034","authorId":"3574233717192034","name":"fortunegod","avatar":"https://static.tigerbbs.com/60dc33919c848b101d3dda79aa318529","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574233717192034","authorIdStr":"3574233717192034"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>?","listText":"<a 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Corp(LKCO)$</a>??","text":"$Luokung Technology Corp(LKCO)$??","images":[{"img":"https://static.tigerbbs.com/dadc3e8442f9e590087fd29d78bf28e5","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/105641896","isVote":1,"tweetType":1,"viewCount":2416,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":374513688,"gmtCreate":1619454954744,"gmtModify":1704724229655,"author":{"id":"3574233717192034","authorId":"3574233717192034","name":"fortunegod","avatar":"https://static.tigerbbs.com/60dc33919c848b101d3dda79aa318529","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574233717192034","authorIdStr":"3574233717192034"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>????","listText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>????","text":"$Luokung Technology Corp(LKCO)$????","images":[{"img":"https://static.tigerbbs.com/9aedf5d2cee8f8fbbeba6942eb323d68","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/374513688","isVote":1,"tweetType":1,"viewCount":1422,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":350867133,"gmtCreate":1616187689422,"gmtModify":1704791982343,"author":{"id":"3574233717192034","authorId":"3574233717192034","name":"fortunegod","avatar":"https://static.tigerbbs.com/60dc33919c848b101d3dda79aa318529","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574233717192034","authorIdStr":"3574233717192034"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>i believed in LKCO&nbsp;","listText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>i believed in LKCO&nbsp;","text":"$Luokung Technology Corp(LKCO)$i believed in LKCO","images":[{"img":"https://static.tigerbbs.com/c211e8ea155995a60d3e789e3d3be3cb","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350867133","isVote":1,"tweetType":1,"viewCount":912,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":322690647,"gmtCreate":1615800030989,"gmtModify":1704786657604,"author":{"id":"3574233717192034","authorId":"3574233717192034","name":"fortunegod","avatar":"https://static.tigerbbs.com/60dc33919c848b101d3dda79aa318529","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574233717192034","authorIdStr":"3574233717192034"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>???","listText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>???","text":"$Luokung Technology Corp(LKCO)$???","images":[{"img":"https://static.tigerbbs.com/e590ac8fec093e381659e63aa0424a24","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322690647","isVote":1,"tweetType":1,"viewCount":570,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":329473995,"gmtCreate":1615275644317,"gmtModify":1704780436703,"author":{"id":"3574233717192034","authorId":"3574233717192034","name":"fortunegod","avatar":"https://static.tigerbbs.com/60dc33919c848b101d3dda79aa318529","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574233717192034","authorIdStr":"3574233717192034"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>???????","listText":"<a href=\"https://laohu8.com/S/GME\">$GameStop(GME)$</a>???????","text":"$GameStop(GME)$???????","images":[{"img":"https://static.tigerbbs.com/d8082a5fd58cc4d22dea99e195576178","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/329473995","isVote":1,"tweetType":1,"viewCount":406,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":361840016,"gmtCreate":1614223205635,"gmtModify":1704889791097,"author":{"id":"3574233717192034","authorId":"3574233717192034","name":"fortunegod","avatar":"https://static.tigerbbs.com/60dc33919c848b101d3dda79aa318529","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574233717192034","authorIdStr":"3574233717192034"},"themes":[],"htmlText":"APES TOGETHER STRONK??????? BUY AND HOLD ??✋?✋?✋?","listText":"APES TOGETHER STRONK??????? BUY AND HOLD ??✋?✋?✋?","text":"APES TOGETHER STRONK??????? BUY AND HOLD ??✋?✋?✋?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/361840016","repostId":"1116750750","repostType":4,"isVote":1,"tweetType":1,"viewCount":529,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361901390,"gmtCreate":1614182462910,"gmtModify":1704889291752,"author":{"id":"3574233717192034","authorId":"3574233717192034","name":"fortunegod","avatar":"https://static.tigerbbs.com/60dc33919c848b101d3dda79aa318529","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574233717192034","authorIdStr":"3574233717192034"},"themes":[],"htmlText":"to the moon ???","listText":"to the moon ???","text":"to the moon ???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/361901390","repostId":"1108395722","repostType":4,"repost":{"id":"1108395722","kind":"news","pubTimestamp":1614154510,"share":"https://ttm.financial/m/news/1108395722?lang=en_US&edition=fundamental","pubTime":"2021-02-24 16:15","market":"us","language":"en","title":"The GameStop Craze Was Mostly Just Crazy","url":"https://stock-news.laohu8.com/highlight/detail?id=1108395722","media":"The New York Times","summary":"The congressional hearing about the “meme stock” frenzy shows it was definitely bizarre, but maybe n","content":"<p>The congressional hearing about the “meme stock” frenzy shows it was definitely bizarre, but maybe not as meaningful as we desire.</p>\n<p>What if no one had done anything wrong?</p>\n<p>That’s the bizarre takeaway I was left with this past Thursday, following the House Financial Services Committee’s five-hour hearing on last month’s wild emergence of day-traders betting enormous collective sums on “meme stocks” — shares in the companies that became half-ironically very popular on Reddit and the brokerage app Robinhood this year.</p>\n<p>Many of us in the media, along with media consumers, tried to make sense of the frenzy — our brains (and business incentives) demand it. But the hearing suggested that was folly. In the end, it appears a lot of money changed hands in unforeseen, bizarre ways, but that there are no grand lessons, despite our great desire for them.</p>\n<p>At the hearing’s center was Vlad Tenev, the chief of the Robinhood. His app’s user-friendly interface and his initial belief in imposing few guardrails on its traders enabled an unprecedented surge in the share price of the video game retailer GameStop. Now trading around $40 per share, at one point, its price was as high as $483.</p>\n<p>While users of the Reddit forum WallStreetBets had been talking up GameStop for weeks before its stock skyrocketed, it grew into a cultural phenomenon only once a jaunty bunch of forum members painted themselves as the antagonists of the hedge funds that bet big money on GameStop plummeting (by “short-selling” the stock). Some technocrats had wondered if Reddit may have enabled a form of illegal stock manipulation. And so Steve Huffman, Reddit’s chief executive, was in attendance Thursday too.</p>\n<p>Then there was Keith Gill, known as Roaring Kitty on YouTube and Deep [Expletive] Value on Reddit. Mr. Gill, a recent MassMutual employee, whose longtime advocacy of GameStop and huge gains during the meme stock craze made him an icon, spoke bluntly about the company’s upsides and defended the integrity of publicly discussing his trades: “In short, I like the stock.” Mr. Huffman of Reddit also seemed sensible, explaining to lawmakers that Reddit’s forums are moderated by users themselves. After an internal investigation, Mr. Huffman said he saw no evidence of malign actors artificially generating excitement about GameStop or other companies that were buoyed by WallStreetBets.</p>\n<p>The financial heavyweights involved in the episode were called to the hearings as well: There was Gabe Plotkin of Melvin Capital, the hedge fund that took the most infamous losses by betting against GameStop. He was joined by Kenneth Griffin, the leader of Citadel. His company invested in Melvin Capital after its GameStop losses<i>and</i>makes money by executing trades on behalf of Robinhood (and some other retail brokers).</p>\n<p>It was this knotty set of entanglements that spurred bipartisan outrage and seeded conspiracy theories online — especially when Robinhood restricted purchases of GameStop and other meme stocks, with little explanation, fueling a crash in their share prices. In that void, many became suspicious that Citadel may have been illegally pulling strings to make money on both sides of the saga.</p>\n<p>But after the hearing, it became clear that the sinister theories lacked substance.</p>\n<p>Barring some bombshell revelation, it appears the hearing confirmed a more turgid underlying truth: The trading in GameStop and other meme stocks was so volatile that the clearinghouses — which are in charge of making sure money gets correctly exchanged between buyers and sellers —demanded billions&nbsp;in collateral from Robinhood and other retail brokerage platforms to ensure that the trades settled. So the brokerages had to hit pause.</p>\n<p>While financial commentators and regulators can and will argue about what if any regulations should be instituted going forward, it looks as if everybody played by the rules, as they stand.</p>\n<p>So did we really learn anything profound? The marketplace of opinions about the meme stock phenomenon has been as volatile as the trading itself: A series of hypotheses about populism, corruption, masculinity, inequality and price bubbles battled for primacy among those of us who watch cable news and consume think pieces.</p>\n<p>At the hearing, various members endorsed different theories. “Many Americans feel that the system is stacked against them, and no matter what, Wall Street always wins,” said the Financial Services Committee chairwoman, Maxine Waters, Democrat of California.</p>\n<p>The panel’s ranking Republican member, Patrick McHenry of North Carolina,suggested&nbsp;that the issue was less that of a game rigged against small-time investors and more the lack of productive assets for them to buy. “We created a world where it’s easier to buy a lottery ticket than it is to invest in the next Google,” he said. “Is it any wonder why the unhealthy dynamics of GameStop happened?”</p>\n<p>All in all, some hedge funds got pummeled, but briefly. Some unlucky retail investors got in on the fun too late, taking serious losses. And there were also plenty of life-changing profits taken by people far beyond the usual suspects. That’s a pretty muddied picture.</p>\n<p>The most meaningful thing to glean from all of this, according to Josh Brown, the chief executive of Ritholz Asset Management, may be a large incentive change for market behavior going forward: “I don’t think it’s in anyone’s best interest to be that visibly vocally ‘short’ on anything,” he told me. “I think that era has ended where there’s this automatic kneejerk reverence for a $5 billion hedge fund manager with a PowerPoint” pitching other investors on why they should bet against a company.</p>\n<p>Though shares in GameStop and fellow meme stock AMC have fallen far short of “the moon” where its boosters hoped it would land, both companies are, for now, trading above their most disastrous lows.</p>\n<p>And while Melvin Capital, the beleaguered hedge fund, finds itself fortunate and still in operation, any institution with a greedy “short” position on a thinly traded stock runs a major risk in this newly democratized financial market.</p>\n<p>“If it becomes a meme,” Mr. Brown said, “literally your fund could get closed.”</p>\n<p>Few will mourn the degradation of aggressive short-sellers; they’re the skunks at the picnic. But it does raise the question of&nbsp;why regulators are eyeing new rules&nbsp;about their behavior. After all, the market — with meme stocks or not — may take care of them on its own.</p>","source":"lsy1608616134662","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The GameStop Craze Was Mostly Just Crazy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe GameStop Craze Was Mostly Just Crazy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 16:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://nytimes.com/2021/02/23/opinion/gamestop-price-congress-robinhood.html><strong>The New York Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The congressional hearing about the “meme stock” frenzy shows it was definitely bizarre, but maybe not as meaningful as we desire.\nWhat if no one had done anything wrong?\nThat’s the bizarre takeaway I...</p>\n\n<a href=\"http://nytimes.com/2021/02/23/opinion/gamestop-price-congress-robinhood.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"http://nytimes.com/2021/02/23/opinion/gamestop-price-congress-robinhood.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108395722","content_text":"The congressional hearing about the “meme stock” frenzy shows it was definitely bizarre, but maybe not as meaningful as we desire.\nWhat if no one had done anything wrong?\nThat’s the bizarre takeaway I was left with this past Thursday, following the House Financial Services Committee’s five-hour hearing on last month’s wild emergence of day-traders betting enormous collective sums on “meme stocks” — shares in the companies that became half-ironically very popular on Reddit and the brokerage app Robinhood this year.\nMany of us in the media, along with media consumers, tried to make sense of the frenzy — our brains (and business incentives) demand it. But the hearing suggested that was folly. In the end, it appears a lot of money changed hands in unforeseen, bizarre ways, but that there are no grand lessons, despite our great desire for them.\nAt the hearing’s center was Vlad Tenev, the chief of the Robinhood. His app’s user-friendly interface and his initial belief in imposing few guardrails on its traders enabled an unprecedented surge in the share price of the video game retailer GameStop. Now trading around $40 per share, at one point, its price was as high as $483.\nWhile users of the Reddit forum WallStreetBets had been talking up GameStop for weeks before its stock skyrocketed, it grew into a cultural phenomenon only once a jaunty bunch of forum members painted themselves as the antagonists of the hedge funds that bet big money on GameStop plummeting (by “short-selling” the stock). Some technocrats had wondered if Reddit may have enabled a form of illegal stock manipulation. And so Steve Huffman, Reddit’s chief executive, was in attendance Thursday too.\nThen there was Keith Gill, known as Roaring Kitty on YouTube and Deep [Expletive] Value on Reddit. Mr. Gill, a recent MassMutual employee, whose longtime advocacy of GameStop and huge gains during the meme stock craze made him an icon, spoke bluntly about the company’s upsides and defended the integrity of publicly discussing his trades: “In short, I like the stock.” Mr. Huffman of Reddit also seemed sensible, explaining to lawmakers that Reddit’s forums are moderated by users themselves. After an internal investigation, Mr. Huffman said he saw no evidence of malign actors artificially generating excitement about GameStop or other companies that were buoyed by WallStreetBets.\nThe financial heavyweights involved in the episode were called to the hearings as well: There was Gabe Plotkin of Melvin Capital, the hedge fund that took the most infamous losses by betting against GameStop. He was joined by Kenneth Griffin, the leader of Citadel. His company invested in Melvin Capital after its GameStop lossesandmakes money by executing trades on behalf of Robinhood (and some other retail brokers).\nIt was this knotty set of entanglements that spurred bipartisan outrage and seeded conspiracy theories online — especially when Robinhood restricted purchases of GameStop and other meme stocks, with little explanation, fueling a crash in their share prices. In that void, many became suspicious that Citadel may have been illegally pulling strings to make money on both sides of the saga.\nBut after the hearing, it became clear that the sinister theories lacked substance.\nBarring some bombshell revelation, it appears the hearing confirmed a more turgid underlying truth: The trading in GameStop and other meme stocks was so volatile that the clearinghouses — which are in charge of making sure money gets correctly exchanged between buyers and sellers —demanded billions in collateral from Robinhood and other retail brokerage platforms to ensure that the trades settled. So the brokerages had to hit pause.\nWhile financial commentators and regulators can and will argue about what if any regulations should be instituted going forward, it looks as if everybody played by the rules, as they stand.\nSo did we really learn anything profound? The marketplace of opinions about the meme stock phenomenon has been as volatile as the trading itself: A series of hypotheses about populism, corruption, masculinity, inequality and price bubbles battled for primacy among those of us who watch cable news and consume think pieces.\nAt the hearing, various members endorsed different theories. “Many Americans feel that the system is stacked against them, and no matter what, Wall Street always wins,” said the Financial Services Committee chairwoman, Maxine Waters, Democrat of California.\nThe panel’s ranking Republican member, Patrick McHenry of North Carolina,suggested that the issue was less that of a game rigged against small-time investors and more the lack of productive assets for them to buy. “We created a world where it’s easier to buy a lottery ticket than it is to invest in the next Google,” he said. “Is it any wonder why the unhealthy dynamics of GameStop happened?”\nAll in all, some hedge funds got pummeled, but briefly. Some unlucky retail investors got in on the fun too late, taking serious losses. And there were also plenty of life-changing profits taken by people far beyond the usual suspects. That’s a pretty muddied picture.\nThe most meaningful thing to glean from all of this, according to Josh Brown, the chief executive of Ritholz Asset Management, may be a large incentive change for market behavior going forward: “I don’t think it’s in anyone’s best interest to be that visibly vocally ‘short’ on anything,” he told me. “I think that era has ended where there’s this automatic kneejerk reverence for a $5 billion hedge fund manager with a PowerPoint” pitching other investors on why they should bet against a company.\nThough shares in GameStop and fellow meme stock AMC have fallen far short of “the moon” where its boosters hoped it would land, both companies are, for now, trading above their most disastrous lows.\nAnd while Melvin Capital, the beleaguered hedge fund, finds itself fortunate and still in operation, any institution with a greedy “short” position on a thinly traded stock runs a major risk in this newly democratized financial market.\n“If it becomes a meme,” Mr. Brown said, “literally your fund could get closed.”\nFew will mourn the degradation of aggressive short-sellers; they’re the skunks at the picnic. But it does raise the question of why regulators are eyeing new rules about their behavior. After all, the market — with meme stocks or not — may take care of them on its own.","news_type":1,"symbols_score_info":{"GME":0.9,".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":574,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}