All fixed, all the time
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Remember the Reddit-GameStop trading boom? Well, it’s spreading. To other publicly traded companies like AMC Entertainment and Nokia.
But something else is spreading, too, among trading companies like Robinhood:
From Facebook, Twitter et al, banning opposing voices, major retailers refusing to sell MyPillows, employers firing Trump supporters, and the general cancel culture roiling the country, the establishment is out to quash all opposition. And when the Establishment’s favorite source of money is threatened, everyone from the federal government to so-called-independent trading platforms circles the wagons.
Hedge fund billionaires are not popular with most of America, so protecting them against the little people (and calling those little people “Nazis”, and the business press is currently doing) won’t go down well. Add all this to the Greens’ destroying the jobs of millions of blue collar workers, and there’s trouble brewing.
Addendum
One more thought: stock manipulation has been going on since at least the Dutch Tulip Bulb Bubble of the 1600s, but the advent of the Internet made raid much easier to accomplish and more widespread. In the late 90s, “investment” sites provided a platform for sellers to pump and dump stocks early and often, but back then, it was mostly individuals ripping off other individuals, and little was done to stop them, because who cares? This current craze will also see huge profits for some and losses for others, but for the first time, the sucker pool includes short-selling hedge funds, and that’s the difference. Now they care.
Phooee.
