Are psychiatrists mistaking moderately useful bins for underlying cosmic secrets? It’s hard for me to tell exactly how many people make this mistake; the people who understand what’s going on and are just using the categories as rules-of-thumb tend to sound a lot like the people who don’t. My guess is most professionals, and an overwhelming majority of laymen, are actually confused on this point, and this messes them up in a lot of ways.
2. Wall Street Bets: Aftermath
When someone tells you the pro-good things PR out of capitalists is just for show, this is what they mean.
Behind it all are retail traders, using chat rooms and social media to coordinate attacks on popular hedge fund wagers. The groups have launched short squeezes for stocks such as GameStop Corp. and AMC Entertainment Holdings Inc. that, in turn, have forced money managers to urgently unwind wagers. Hedge fund clients tracked by Goldman Sachs Group Inc. have been covering shorts at an almost unprecedented pace during the past two weeks.
robinhood decided this morning to suspend buying of AMC and GME stock because regular people were making too much money, proving once again that any time the poors find a way to get any sort of financial foothold in this world the billionaire class will move swiftly to crush them
I keep seeing tweets about "the government" taking more or faster action to prevent a run on shorted stocks than to contain the pandemic and I'm not sure if this is a failure of civics lessons or of information literacy, but the government hasn't done anything about gamestonks.
If you haven’t seen the encouraging data coming out of Israel you should. In their first controlled results outside of study trials, they are looking at only 31 new COVID cases amongst 163,000 vaccinated individuals who received Pfizer’s vaccine. This is such good news.