Recent comments in /f/wallstreetbets

IDesireWisdom t1_jegd9rx wrote

It’s completely logical. The Fed dumped hundreds of billions into the banks as part of the Bank Term Funding Program at the same time as it employed its ‘backstops’.

This move by the Fed isn’t logical only if your frame of reference is that the Fed is trying to improve the economy for poor people.

If you understand that the Fed has manufactured a scenario where you can win as long as you don’t have FOMO - its literally manufactured to win - then the moves make complete sense.

Thanks to fractional reserve banking, hundreds of billions turns into trillions! It’s amazing

1

InterestingThought33 t1_jegd1q4 wrote

Generally I am bullish, but then I was wrong and got fuked. So now I am bearish, but also probably wrong. I’m doing boring ass shit like holding long on stock. Can’t wait to drop trou’ and back my ass up against options again.

Also I like your balls on NVDA, but I don’t share your confidence.

1

Bellec32 t1_jegc4al wrote

The best way to explain the market is WH40k orks. It works because we (the orks) believe it works, and it doesn't work when we don't believe in it. We need a financial WAAGH to start a bull run.

1

Business_System3319 t1_jegc3js wrote

It’s forward looking into a shit storm. I always hear it’s forward looking when it’s going up and not going down and the fact like bitcoin was in a frenzy is this AI is deep learning. Yes, it’s going to be a overhaul of a lot of jobs but it’s going to screw so many people as well and is over hyped, nvidia has gone up 140+% in 3 months that’s not sustainable growth.

Edit: couple typos

1