IPFS News Link • Revolutions, Rebellions & Uprisings
Could #WallStreetBets Be The Early Innings Of A Financial Arab Spring?
• https://www.zerohedge.com by Mark JeftovicIt's been mere hours since Charles Hugh Smith, Jesse and I finished off our AxisOfEasy Salon 36: Democratizing Stonk Market Manipulation covering the #WallStreetBets situation and things have already morphed in a direction along one of the lines that we speculated was possible: a generalized revolt against financial repression and asymmetric rulesets (a.k.a "rules are for thee, but not for me").
This is about more than a bunch of weaponized autists (self-described as such) end-running the Wall St. establishment for fun and profit.
Charles called it a "rebellion" at one point. Once it appeared as the the establishment was trying to step into Robinhood and get the hedgies off the hook, as that line in the old classic The Usual Suspects went…
"Then, the whole thing turned political…"
I was busy most of the day yesterday, but I kept getting email alerts that my various silver positions were up 10%, trading up on excessive volume, etc. When I did check the precious metals I noted that gold was down, not by a lot, while silver was making a sizeable move. Not unheard of for this to happen, but it's not common.