The New CS Board

[jumanji0881]

Amen, brother ! -

"This Is A Financial Revolution..."
https://www.zerohedge.com/markets/financial-revolution

Excerpts:
But two days later I received an email from my broker explaining that they were CANCELING my trade.

The poor little investment banks had lost money because their fancy algorithms didn’t work. So the exchange was giving them a ‘do over’ at my expense.

Incredible. It hadn’t even been two years at that point since the banks had to be bailed out at taxpayer expense during the Global Financial Crisis of 2008.

Then, 20 months later, the Flash Crash happened. And the banks were simply able to wipe all their losses away.

The lesson is obvious: when we screw up, we pay the price for our mistakes. But when the banks screw up, the whole financial system comes to their rescue.

Individual investors are angry; comments on the subreddit r/wallstreetbets really sum this up:

“Hedge Funds have literally taken lives through their greed. It’s time for some long overdue taste of their own medicine.”

and

“It’s a class war. It’s time we fought back.”

and

“[Hedge funds: ] This is personal for me, and millions of others. . . I’m making this as painful as I can for you.”

and

“There is and has been a ruling class whose sole purpose is to retain power. They gaslight us into thinking they know what is best for us. 1% knows better than 99%. This is not [about] stocks, this is a financial revolution. . .”

And they’re right.

Small investors have been fleeced for years. It’s infuriating. People are angry.

If you think the stock market is rigged, you don’t have to play. Consider alternative investments instead– gold, real estate, private companies, crypto, etc. It may be more productiproductive to NOT play the game rather than take huge risks to fight the system. [My Comment : Of course gold is manipulated as well, Crytos are in a bubble, and RE is driven to extremes by Fed liquidity]


Either way, expect the anger to continue building. (Just imagine the fury if inflation starts to rise…)