Tuesday, February 02, 2021

TKC TOLD YOU SO!!! REDDIT FAIL IN L33T HEDGE FUND FIGHT AS STONKS CRASH!!!

The market moved more efficiently than most people expected and it seems that a glorified message board didn't overturn capitalism.

Sorry for the TKC post title that's nearly indecipherable without help from our hipster nephew, here's a better one . . .

AP: Broader stock market rises, but GameStop and AMC crumble

The local angle for a company with a faux hq in Leawood, KS:

AS OF THIS WRITING AMC SHARES ARE DOWN NEARLY 50% AND IT TURNS OUT THEIR NEW CEO ISN'T A GENIUS!!!

Also . . . Because silver has real value, it's not catching the brunt of this social media speculation hot mess.

Developing . . .

13 comments:

Anonymous said...

Remember that the StockMarket is a "Zero Sum Game", so all the money poured into the Market to "fight the Hedge Funds' manipuations" is now pouring into the pockets of - you guessed it, the Hedge Funds!

"A fool and his Money were damned lucky to get together in the first place."

Just wait for the headlines after Bitcoin and the rest of the Crypto "Currencies" crash!

chuck said...

Whenever I get into the market, I sleep like a baby. I wake up once every hour and cry myself back to sleep. But, Capitalism IS great!!!

Traditions capitalism
– You have 2 cows.
– You sell 1 and buy a bull.
– Your herd multiplies, and the economy grows.
– You sell them and retire on the income.

American capitalism
– You have 2 cows.
– You sell 3 of them to your publicly listed company, using letters of credit opened by your bank, then execute a debt/equity swap with an associated general offer so that you get all 4 cows back, with a tax exemption for 5 cows.

The milk rights of the 6 cows are transferred via an intermediary to a Cayman Island company secretly owned by the majority shareholder who sells the rights to all 7 cows back to your listed company. The annual report says the company owns 8 cows, with an option on 1 more.

Sell 1 cow to buy influence with a new president of the United States, leaving you with 9 cows. No balance sheet provided with the release. The public buys your bull.

French capitalism
– You have 2 cows.
– You go on strike because you want 3 cows.

Japanese capitalism
– You have 2 cows.
– You redesign them so they are one-tenth the size of an ordinary cow and produce 20 times the milk.
– You then create cute cow cartoon images called Cowkimon and market them worldwide.

German capitalism
– You have 2 cows.
– You reengineer them so they live for 100 years, eat once a month, and milk themselves.

British capitalism
– You have 2 cows.
– Both are mad.

Italian capitalism
– You have 2 cows, but you don’t know where they are.
– You break for lunch.

Swiss capitalism
– You have 5000 cows, none of which belong to you.
– You charge others for storing them.

Chinese capitalism
– You have 2 cows.
– You have 300 people milking them.
– You claim full employment, high bovine productivity, and arrest the newsman who reported the numbers.

New Zealand capitalism
– You have 2 cows.
– That one on the left is kinda cute…

Anonymous said...

Republican Party Capitalism
You have one cow, and when you fail to keep on living on a diet of Hamburders and Milk,
it's the Democrat's fault!

Anonymous said...

Chucklowes capitalism

- HURFENDURF
- DURFENHURF

Jesus just die already

Anonymous said...

Chuck, your posts are stonks of stupidity

Anonymous said...

The Demoncrapic Way:

You own five cows in a pasture.

A group of Demoncraps steal them from you in the dark of a cold night.

You try to chase them down, but your solar car, the only kind of car they've allowed you to own, won't charge and start in the dark of night.

In the morning, you see they've only left you with a giant cow pie to step in and burn to keep yourself warm because your heating oil has become so expensive because of the Demoncraps' stupid laws that you can't pay the bill.

Anonymous said...

^^^ This is funny and entertaining! ^^^

Silvestor orgalthorp said...

You left out something on American capitalism
That the big corporations donate money to congress to get laws passed in your favor then have them flood the country with low wage illegal aliens thereby driving small competitors out of business

Silvestor orgalthorp said...

Democrat capitalism: your neighbors raise cows but you’re a member of peta. You get them run out of business and then complain when people are starving

Anonymous said...

^^you drive a truck. You're dumb.

Anonymous said...

chucklowe capitalism: Promise them everything, give them nothing, take everything!

Anonymous said...

I hopped on the GME bandwagon late and am now sad. But, that's offset by day-trading ETH which I bought in on this latest iteration at $1200 (currently at $1500) which makes me happy again; I can but beer this weekend.

Anonymous said...

Thankfully Weinrich Zitznann Whitehead Inc is no longer selling stocks and bonds. I call them Weinrich Zitface Blackhead