Tag Archive for stock

StonkMarketStop

One of the more intriguing recent developments has been the whole GameStop story and how a bunch of neophyte traders on Reddit spanked the greedy hedge fund pirate plutocrats of Wall Street and beat them at their own game.

We won’t go into depth on explaining what happened. We’ll let this article explain the proceedings. Or you can let Tom Tomorrow at This Modern World explain it in cartoon format. But in a nutshell, a group of investors on Reddit, a group called WallStreetBets or WSB, decided they were going to teach the greedy hedge fund managers a lesson. One tactic hedge fund managers use is to short sell stocks. They look for stocks that are failing and basically bet that they’ll continue to die. So they borrow shares to sell and buy all the stock at a lower price before paying off their lender and usually make a fortune. GameStop is a brick-and-mortar video game retailer whose days are numbered because of online video gaming and the pandemic, so they were on the hedge funders lists of future profits. But WSB stepped in and bought stock so that the stock price rose precipitously, which means that the hedge fund managers, who were betting that the stock prices would fall, lost money, BIG TIME. We’re talking billions of dollars. The trend continued for other failing businesses like AMC, Bed Bath and Beyond, and Blockbuster, whose stock price rose 3,990% in a week.

If you say this sounds like rigging the system like that of a casino, you are absolutely right. The WSB people showed that the hedge fund managers have been using Wall Street as a casino for years to get filthy rich with absolutely no repercussions. Of course, now that WSB did the same thing, plutocrats are crying foul and proclaiming that there needs to be regulations in place. You see, only plutocrats are supposed to win money on the stock market, while the rest of us working stiffs just work our asses off making these avaricious assholes richer. So, the greedy corporatists are fine with no regulations until they’re beaten at their own game and then they cry like babies.

We’re looking forward to see what kind of regulations Senators like Elizabeth Warren and Bernie Sanders have in store for the greedy fat cat capitalists in the next couple years. It could get interesting, folks.

A well heeled member of the plutocracy expresses his utter disdain that common peons are making money at the Wall Street casino.
A well heeled member of the plutocracy expresses his utter disdain that common peons are making money at the Wall Street casino.

Trump Supporters: Bat Shit Insane

In our previous post we commented about America’s Impeached CEO/Dictator and ‘stable genius’ Donald Trump and his mind boggling, head spinning pivots on authority for opening up the coronavirus during the COVID-19 pandemic. One day he says he has authority, the next day he says the governors have authority and then the day after that he encourages civil war by urging his brain dead troglodyte followers to LIBERATE their respective states.

Yes, lets talk briefly about these bat shit insane boneheads who don’t like being told to follow safety precautions to save their own lives. It’s basically the stupid Teabagger movement redux. The corporate media is doing the same thing they did ten years ago – a small group of idiots, armed to the teeth, band together and protest common sense and the corporate media foams at the mouth and gives them top story coverage. That’s because there are some insidious right wing conservative groups behind the lock down protests with solid connections to the anything-for-profit media. In contrast, tens of thousands of people have peacefully and non-violently protested the vile, oppressive policies of the Trump administration and the Republicans and the corporate media gives them barely a passing mention. Un-f*cking-believable!

But the stupidity of these MÆGAMorons is off the charts on the bat shit insanity meter. These shutdown orders are to save your lives not to inconvenience you. What’s next? These idiots will protest taking shelter during a tornado warning because it violates their constitutional freedom. There were even signs among the protesters that proclaimed “My body, my choice.” But yet these same assholes are perfectly fine with the government telling a woman what to do with her uterus. What colossal dumbass hypocrites! These people are actually choosing to be exposed to a debilitating disease which may kill them or kill their loved ones; all in order to maybe bump the stock market up a few points and keep our plutocratic overlords wealthy. Un-f*cking-believable!

But then Las Vegas mayor Carolyn Goodman topped all the stupid meters by suggesting a Hunger Games type scenario where all the casinos open up and the ones who have the least amount of COVID-19 cases, win. Ahhh! The wonderful, magical free market! We’re getting tired of saying un-f*cking-believable so we’ll just say this: when it comes to the bat shit insane MÆGAMorons versus the coronavirus – we’re rooting for the virus. Natural selection, take them away!

A bat shit insane Trump supporter or MÆGAMorons proudly defies orders to take shelter from a killer tornado to preserve his constitutional freedom.
Trump supporters or MÆGAMorons have made it clear that they will not tolerate any ‘guvment’ orders which may violate their constitutional freedom even if it’s to save their moronic, bat shit insane lives.

Trump: Bat Shit Insane

Another day, another bat shit insane action by America’s CEO/Dictator and petulant man child Donald Trump and his army of mindless sycophants. This time, Trump performed head revolutions worthy of the demon from The Exorcist. At the beginning of last week, Trump proclaimed that the ultimate authority laid with him in the reopening of America’s businesses, in shut down due to the coronavirus pandemic currently ravaging the world’s human population. This predictably produced much backlash from people who like the Constitution, law and order, democracy, science, logic and reason. Like Dr. Fauci had said previously, Trump just can’t tell the virus when it has to stop; we don’t set the timetable. So, on this past Thursday Trumpty Dumpty made an announcement stating the ultimate authority on reopening the economy should lie with the governor of each individual state.

You would think that Trump thumpers, being states rights advocates and all that, would have rejoiced. But nooooooooo! Reminiscent of the teabagger movement from ten years ago, armed idiots took to the streets on Friday in states such as Michigan, Ohio and Kentucky proclaiming loudly to all that they will not follow shutdown orders; that it violates their constitutional rights. To make matters ridiculous, our megalomaniac dear Leader tweeted for these ‘very responsible people’ to LIBERATE their respective states, effectively nullifying his statement of the previous day. These aren’t the actions of a level headed, clear minded, logical leader. These are the actions of a bat shit insane, narcissistic asshole who has no regard for human life.

There has been more than 40,000 lives lost in the last two months due to COVID-19. Our leaders should be taking this seriously. The goal should be reopening the country when we have proper testing available so more people won’t fall victim to the virus. But what does Florida governor Rick DeSantis do? He reopens beaches around Jacksonville while Florida is still getting slammed by the virus. The conservative Republicans values have been exposed for all to see and. . . surprise, surprise. . . the only thing they care about is money, wealth and power.

America's Impeached CEO/Dictator and petulant man child Donald Trump demonstrates the bat shit insanity that has endeared him to his equally bat shit insane followers.
America’s Impeached CEO/Dictator and petulant man child Donald Trump demonstrates the bat shit insanity that has endeared him to his equally bat shit insane followers.

Our Simpson-esque Man Child Dictator

We received this week for the umpty-ninth time of the Trump administration a glaring colossal reason why America’s Impeached CEO/Dictator Donald Trump should not be re-elected. In a televised speech to the nation, Trumpty Dumpty in typical Trumpian fashion failed to admit any fault in his response to the coronavirus and instead of calming the nerves of people worldwide, prompted more panic as stock markets again plunged Thursday morning. That’s almost an 8,000 point drop since mid February, folks; basically erasing any stock market gains since 2017. And remember: the ‘strength’ of the stock market was supposedly Trump’s mightiest accomplishment. Ooops!

A hallmark of the Trump presidency is that he constantly boasts how everybody loves him, what a stable genius he is and that ‘some people’ proclaim that he’s the greatest president in history. This monstrous narcissism was on display last week at a press conference at the CDC where our orange-haired megalomaniac blathered on about how a relative of his was a ‘super-genius’ and how scientists were coming up and telling him how smart he was and that he’s got ‘a natural ability’. Scientist, doctors and engineers around the world collectively vomited at this point. Trump’s vanity and ego truly know no bounds!

We’ve noted Trump’s resemblance to perpetual cartoon brat back in 2016 when we did a photo-toon explaining the 2016 election, Simpsons style with Hillary Clinton as Lisa and Trump as Bart. Trump’s constant boasting over the last three years reminds us of a classic episode of the Simpsons in Season 4 (Lisa’s First Word) when a little two year old Bart paraded around the house banging a pot proclaiming to all within earshot “I am so great! I am so great! Everybody loves me! I am so great!” Or here’s a hilarious 10 minute loop of Bart’s proclamation. (We’ve also embedded the vids below.) Gee, sound familiar? Yes, our Impeached CEO/Dictator and petulant man child Donald Trump certainly does bear a striking resemblance to rotten little imp Bart Simpson. Cowabunga, dude!

America's Impeached CEO/Dictator and petulant man child, Donald Trump, bears a striking resemblance to rotten, little imp Bart Simpson from the Simpsons and has even adopted walking around proclaiming loudly to all how great he is.
America’s Impeached CEO/Dictator and petulant man child, Donald Trump, bears a striking resemblance to rotten, little imp Bart Simpson from the Simpsons and has even adopted walking around proclaiming loudly to all how great he is.
Donald Trump proclaiming his greatness to all.
Donald Trump perpetually proclaiming his greatness.