Wall Street was in a tizzy last week after a band of Redditors on the forum r/wallstreetbets worked together to drastically inflate the stock price of brick-and-mortar retailers like GameStop. The guerrilla stock-buying surge caused some hedge funds shorting GameStop stock to lose a boatload of money, and a David vs. Goliath narrative emerged—but the story is more complicated than that.
On this special panel, hosted by TRNN Editor-in-Chief Maximillian Alvarez, we talk about what actually happened last week on Wall Street, who the winners and losers are, and what this whole saga means for those who want to resist the domination of finance capital. Our brilliant panel includes: Doug Henwood, economic journalist and host of “Behind the Newsâ€; Kate Aronoff, staff writer at The New Republic and author of “Overheated: How Capitalism Broke the Planet—And How We Fight Backâ€; and Edward Ongweso Jr., staff writer at Motherboard (Vice) and co-host of “This Machine Kills†podcast.
Read the transcript of this video: https://therealnews.com/gamestopped-wallstreetbets-wall-street-wins
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** (Disclaimer: This video content is intended for educational and informational purposes only) **
Wall Street does illegal shit every single day….who does NOT know this? We need to ban together to rewrite our story…!!! We need to get RID of Wall Street and Democrats and Republicans and soooooo much more! This society is broken… it ALL NEEDS TO GO!
Max, you’re doing such an excellent job. Online Left Media is increasingly dynamic and just what’s needed for the world to proceed in the direction of real fundamental change that benefits the 99%.
Great conversation with all of your tremendous guests who illuminated just how useless and destructive the monopolistic stock (casino gambling) market really is.
Thanks also for the anecdote about the Yellow Vests taking to the headquarters of Black Rock in France and setting a bonfire there. It’s that kind of informed public act of righteous defiance that gives me hope. Hadn’t heard that and need to read about it and relish.
To hell with wall street thugs
" stock hasn't been doing well as of late" what you mean to say is the redditors bought stock of a company that had been shorted 140% buy Uber greedy f*** wads
This video was made by paper hands
Like I heard said, you can't out-capital capital.
Great interviews! But Max… back off on the "rights" rights?
Ninety one percent (91%!!) of the Stock Market is controlled by 10% of the Wealthiest families in the United States. Therefore, with the bottom 90% of the population owning just 9%, we are truly dominated and get it good hard. Wall Street uses the media to make the bottom 90% believe they have a role to play in Wall Street. But they don’t, except maybe 90% sucker. “Almost everyone is utterly meaningless.†– Doug Henwood
The stock market turned lower on Monday trading session but managed to recoup most of its losses. Today, traders will prepare for major earnings results. JNJ, AXP, GE, MMM are among the companies which will report earnings before the market open. AMD, MSFT, SBUX, and TXN will report earnings after the market close. Aside from earnings reports, traders will also monitor the Fed closely as the central bank will begin two-days meetings to decide future policies on interest-rate. According to Popular Stock analyst kim brian the new strain of Covid 19 virus is going to put a scare into the Stock market, for at another 3 months only the Large cap tech-related companies have and will keep been the big winners thriving from the stay-at-home environment, which has also accelerated a number of positive tech trends, For now you can only make profit with positive trading strategy, don't panic sell, i was able to make $50,000 with $10,000 in 3 weeks with kim brian stock trading strategy, reach me on telegram kimbrian65 orWhatsApp+1(413)370-3210,
I would like to know even if you own physical gold and silver if you’re penniless
Invest in your houseless neighbors not the stock market
You need to change the title–Wallstreet definitely did not win this game. Suggestion… Gamestopped: Wallstreetbets beats Wallstreet at its own Game.
20:20 No Pun Intended. I can't stop thinking that the name of the stock, #GameStop and this #WallStreet episode is a GOD sent pun.
This guy is a con–covering up for Wall Street–he is bogus!
Today, GameStop, tomorrow SILVER. Literally, 2morrow. See Bravo Von Muller, as of today.
Robinhood SHOULD be taken to the BANK becuZ it did STOP the marketZ via U S U R Y, or, usurpation. It had NO right 2. Ha!
P O L O T K I N gets bailed IN…
Also, cuz closed form math does not lie like you guyZ 4 carbon awareness, hydrino begets an Occam's Razor 85 orders of magnitude analysis to maintain SOME calibration. Singularity iZ, but, a fantasy 4 the actual story.
But, you guys R too smart about warmth, like everyone ELSE, right? Start by assuming you do not know everything about thermometers. NOD to Saul Bellow, plus, Ammon Bundy.
"There will be no true discussion about climate change or global warming until, 1st, geoengineering is acknowledged," from Dane Wigington.
The Nuremberg Weather Whiplash Report is forthcoming. Understand Ice Age Farmer at that.
The stock market selloff, which had pushed the major indexes to a loss for January has apparently ended, brought to a conclusion by back-to-back big wins on the first two trading days of February. A quieting down of the frenetic trading in such highly speculative and risky issues as GameStop (GME), Bed Bath & Beyond (BBBY), and AMC Entertainment (AMC), which wreaked havoc on the markets last week, Finally, after yesterday's big win, the leading indexes are poised to press higher this morning, in particular the NASDAQ, on upbeat earnings issued after the close from Alphabet (GOOG) and Amazon (AMZN). Stock analyst Dr Rodrick Jonathan advice traders not to mind the resent rise, because the new strain of Covid 19 virus being discovered is going to put a scare into the economy and the Stock Market in the next 3 months so He warns new stock buyers to be careful. For now you can only make profit by trading your stock with a strategy instead of panic selling, i was able to make $50,000 with $10,000 in 3 weeks with his stock trading strategy, reach him on telegram Rodrickjonathan orWhatsApp+1(66O)474-OO3O,
Hell yeah! That was pretty damn good, thanks.
The stock market selloff, which had pushed the major indexes to a loss for January has apparently ended, brought to a conclusion by back to back big wins on the first two trading days of February. A quieting down of the frenetic trading in such highly speculative and risky issues as GameStop, Bed Bath & Beyond , and AMC Entertainment, which wreaked havoc on the markets last week, clearly helped, as did indications that a needed fiscal stimulus package might be nearing passage, either along a strict party vote or via a bipartisan attempt. Finally, after yesterday's big win, the leading indexes are poised to press higher this morning, in particular the NASDAQ, on upbeat earnings issued after the close from GooG and Amazon. Stock analyst Dr Rodrick Jonathan advice traders not to mind the resent rise, because the new strain of Covid 19 virus being discovered is going to put a scare into the economy and the Stock Market in the next 3 months so He warns new stock buyers to be careful. For now you can only make profit by trading your stock with a strategy instead of panic selling, i was able to make $50,000 with $10,000 in 3 weeks with his stock trading strategy, reach him on telegram Rodrickjonathan orWhatsApp+1(66O)474-OO3O,
Nope. Keep holding. We can get these fuckers.
Doug Henwood is economically illiterate. He constantly bags MMT. MMT is simply a description of the operational reality of a sovereign economy. Just sad