A number of stocks had large outstanding short positions built up by various hedge funds. A reddit group called ‘Wallstreetbets’ managed to drive the share price of these stocks higher thus causing immense losses for the hedge funds…
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How President Biden Will Cure COVID-19, Merely By Taking Office
Are shifty PCR tests the true source of the COVID-19 pandemic’s latest wave? And could it disappear altogether in coming weeks? That’s the big question we tackle today. But the context is important if you want to understand what’s going on… Tribalism is that context. The idea that right and wrong is determined by who […]
When a Meme Turns into a Movement — Robinhood Stops GME Trading
Seemingly out of nowhere, Robinhood and a handful of other trading apps prevented users from buying — and only buying — GME stock. As well as a handful of other companies earmarked by WallStreetBets…
Problems with the Global Elite — When Money is Weaponised
Dear Reader, People often make the mistake of assuming that just because you’re super-rich, you must be super-smart. That’s wrong. There’s actually no correlation. Being rich can result from talent and hard work, but it can also come from sheer luck, inheritance, or the right marriage partner. Likewise, being smart is a blend of heredity, […]
How the Internet Took on the Biggest Short Squeeze Ever with GameStop
Well, if you’ve been following US stock market news you may already know. This stock is GameStop Corp [NYSE:GME]. A huge short interest on GameStop attracted the attention of an internet forum. A group on the website ‘reddit’…
Own ASX Bank Stocks? Earnings and Dividends May Trick Investors
Yes, Australia seems to be in a good spot financially. But it’s possible that earnings exuberance might get certain investors suckered into buying the wrong stocks. And I’m talking about bank stocks in particular…
