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PoindexterOglethorpe

(28,454 posts)
3. Right.
Fri Jan 29, 2021, 11:24 PM
Jan 2021

Most retirement funds are probably invested in various mutual funds, although those funds of course will be invested in individual stocks.

I honestly don't think the entire market has been destabilized. The Dow is barely down a noticeable amount. GameStop is one company. One. No matter what the manipulators think they are accomplishing, there really aren't the broader implications they think are there. Plus, it's hedge funds, which are hardly the entire market.

My impression is that this nonsense is being orchestrated by people who somehow think that by sticking it to the hedge funds, they are going to make some fundamental change in capitalism. What they're actually doing is making it certain that those who are helping prop of the share cost of GameStop will lose big time when the price goes back to whatever it ought to be.

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If you have any kind of 401k plan or its ilk, PoindexterOglethorpe Jan 2021 #1
Plus, the Game Stop game was aimed at hedge funds... Rollo Jan 2021 #2
Right. PoindexterOglethorpe Jan 2021 #3
How repeatable is it? Midnightwalk Jan 2021 #4
It's not all that repeatable. PoindexterOglethorpe Jan 2021 #6
+1 3Hotdogs Jan 2021 #5
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