Imagine the economy is tanking. Wall Street starting to feel it. would be really good for the stock market to suddenly get flooded with new retail investors pouring money into GME then sticking around to mess around in the market for awhile. Weird how as soon as things started going red this week suddenly GME surged and hype came back. Perfect timing. Are they controlling behavior with memes ? Funny all the big institutions are simultaneously pouring cash into bitcoin. What’s coming ?
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GME "coming back" is the reason everything else is red.
GME is a meme because hedge funds short sold it hundreds of percent more than possible. They can lose trillions of dollars paying back what they oversold because they still owe that money to retail investors. The only way out of paying it back is for Gsmestop to go bankrupt, they were trying to force bankruptcy and got stopped.
Hedge funds are where billionaires put their money. They hate losing, but Gsmestop not going bankrupt will make them lose everything, so they are still shorting it to bring the price lower. They shorted 33 million shares yesterday. There are only 50 million shares possible to short and they short impossible numbers every day without paying it back. They are counterfeiting shares by the millions now.
The red market us every other stock these rich crooks own being liquidated to help pay for the gamestop fight. Massive sell-offs. The SEC charges a fee for big sell offs: $23 per $1000000 sold. They lowered that fee to $5 yesterday to facilitate sell offs. The red market was no accident.