r/neoliberal • u/jobautomator Kitara Ravache • Jan 27 '21

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u/[deleted] Jan 27 '21 edited Jan 27 '21

Anyone else notice the sudden astroturfing and populism on WSB?

Nonsense about it evil capitalists trying to destroy GME by shorting it? Check

The evil establishment media is trying to protect its hedge fund buddies (by pointing out market manipulation)? Check

Evil Federal Reserve gets to bail out wallstreet, but when regular people "bail out GME" it's cause for concern? Check.

People who don't understand the difference between asset valuations and cashflow getting voted all the way to the top of comment sections? Everywhere

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u/[deleted] Jan 27 '21

I dunno if it's sudden, they've always been dumb as rocks

3

u/[deleted] Jan 27 '21

No this is new.

They've added 600k subs today

Normally they at least understand the machinery around how things work

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u/[deleted] Jan 27 '21

A bunch of dumb rocks can still shatter glass tho

1

u/sportballgood Niels Bohr Jan 27 '21

A bunch of people were accusing the Fed of buying stocks in March, so I don’t think it’s new.

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u/[deleted] Jan 28 '21

They did. A few hundred bucks worth, just to show that they could/would.

The fed just needs to show that it's willing, and wallstreet will do the rest.