Shorts are dead:
Shorts are dead.
Ryan Cohen tweeted a shorts emoji as his 69th tweet.
Ryan has barely tweeted the last year. Many online have speculated it’s because then he can’t get caught by the SEC for any wrongdoing. So whenever he tweets, it’s something.
Look at his last few tweets.
The reverberations of fiscal and monetary policy are likely to be more severe to humans than any climate or societal disaster.
He’s trying to tell the world something.
Most of the Internet knows and the rest of the world will find out soon enough.
They’ll learn how Wall Street ruined itself in the name of greed once again.
How hedge funds, market makers and prime brokerage departments got caught trying to kill companies using a tactic called cellar boxing.
Beautifully explained here by a Superstonk member, and pay attention to how this was talked about in the mid 2000s.
The SEC, Wall Street and the government have known about this problem for decades.
Yet nothing is done because every financial institution benefits from this.
Market makers and hedge funds short companies by borrowing shares from brokers by paying substantial fees.
Market makers pay lit exchanges hundreds of millions of dollars to get their retail order flow.
They then internalize all these orders in dark pools where only ‘big’ financial institutions get to play.
Essentially they rig the market against everyone else by hiding what’s really going on.
All the banks have dark pools where they sometimes are actively trading against their own clients.
This is how Wall Street has won - keep everything in the dark.
It’s better to distract the public from what really goes on than fix the issues at hand.
When the laws are designed by the same rich people that benefit from them, how is anything supposed to change?
It doesn’t without wide support. The broader population needs to get educated about what’s happening and contribute to the thoughtful discussion to demand change.
I already know Wall Street is about to spend billions of dollars after this next crisis to make sure nothing gets changed.
It’s our job to make sure that doesn’t happen. We need regulation. We need real punishment. Fines don’t do shit. If a company is making billions of dollars and only has to pay millions of dollars in fines to continue to do illegal things, they’re essentially getting away with it for free.
It’s just the cost of doing business.
Naked shorting and failure to delivers never got solved because why would it? Everyone at the top is benefiting.
Most people don’t even know about this. It’s only a small group on Wall Street who understand how the market really works. The politicians, rich people and everyone else are walking around like zombies every day thinking your financial institution and hedge funds have your best interest at heart.
Ha. Ha. Ha.
If they have to cheat to make money and only pay millions of dollars while making billions, they’ll do it every day of the week and twice on Sunday. Now they’re trying to do it with crypto, but that’s a story for another day.
So we need to get the population educated. The public needs to know.
We need to mobilize the Internet to teach the world about what really happened.
Because millions of people around the world are going to be shocked when big-name stocks start to collapse while certain stocks continue to shoot up.
Then the world will realize this meme stock phenomenon wasn’t just a blip in history.
It’s the largest transfer of wealth in the history of the market.
Shorts are dead.
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