Not So Cool Future

Oh, I expect any medium where anyone can talk to anyone else directly or semi-directly will become very heavily regulated, filtered and monitored soon, where only a bland neoliberal centrism is allowed to persist and anything else is exiled into the outer darkness.

All of this in the guise of oh-so-woke capital and with the proper pronouns.

Reg Where

Much can become legal if you have enough cash to pay off the so-called regulators and buy the government. Supposedly, Robinhood was getting calls from the White House about GameStop et al. “Counterparty risk” and “capital requirements” are just excuses no different than if you say you don’t want to go to lunch with someone because you need to run errands.

The only opinions that matter are those of billionaires. We’re just gladiators in their arena.

Missing All The Marks

No, WallStreetBets isnโ€™t robbing Wall Street to help the little guy.

I’m always amazed at how smart people can be so stupid.

The doofus who wrote this article misunderstands why these events happened, why it was perpetuated for so long, and what the effect and meaning was intended to be. Yes, there were opportunists and probably a lot of the money will go to the rich in this (it always does).

However, that was not the point, nor the meaning, and there were real consequences: at least one hedge fund (Melvin Capital) went bankrupt and had to be bailed out, and another very nearly met the same fate.

This was a protest, for many — a cri de coeur that wasn’t intended to make money, but to point out the hollowness and the feculent corruption of a system stacked against them. That was the animus of the raid, and a sense of Merry Pranksterism, that was the drive behind the whole thing.

How can you write about this and not understand that? Bet some Condรฉ Nast MBA was hand-editing this article to make it have the right plute-friendly spin.

Flu Under the Cuckoo’s Nest

Covid-19 is not the fucking flu.

People who think that are simply wrong. Often catastrophically so, it turns out. I know it must be comforting to believe, like a lot of stupid-ass shit. But still wrong.

Fund It

Yes, I noticed that as well.

“Fundamental value” is not really a thing. It’s a convenient lie to keep the rubes in line. Once I realized this — when I was about 21 — is when I started making real money in the market.

Were Warned

Yes we were warned. Anyone without fucking blinders knew by the end of January we were in for bad times.

And still I see, “Who could have KNOWNNNNNNN?”

We knew. We had time to prepare. We just didn’t. Well, Vietnam and a few other places did. But those were the exceptions.

We are a bunch of fucking clowns.

No Lump

Yeah. In general makes you harder to harm, by anything. Nothing is certain, and death awaits us all. But how about not being a loser lump of fucking lard while you are here?

Trust me, it’s worth it.