As you all are no doubt aware, small investors from across the country ... dare I say, the "rubes from flyover country"? ... are literally destroying the big-time, blue-blood traders who shorted Game Stop and AMC stocks. Of course, Jen Psaki indicated the Biden Administration is "looking into the situation" ... which is nothing more than a clear sign that the Democrats are strategizing on how to screw over everyday Americans in favor of their billionaire cronies on Wall Street. Yeah ... so much for the Democrat false flag that they are there for the little guys and want to stick it to the evil rich, eh?
http://twitchy.com/dougp-3137/2021/01/28/nailed-it-charles-payne-drops-truth-on-regulators-brokerage-firms-and-media-running-cover-for-billionaire-hedge-funds/
As we told you earlier, the investment company Robinhood is among some who are “restricting transactions for certain securities” (including GameStop and AMC of course). Meanwhile, some in the media are leaning towards taking a “hedge funds are being victimized” approach to the story:
Bloomberg Quicktake ~ These hedge-funds suffered bruising losses in matter of weeks as Reddit traders banded together to take on them:
Point72: -10-15%
D1 Capital Partners: -20%
Melvin Capital: -30%
On that subject, Fox Business’ Charles Payne dropped some heavy reality checks in just one tweet today:
Charles V Payne ~ The stock market is not in turmoil - billionaire hedge funds are in turmoil.
Two different things. Its a shame regulators, brokerage firms and media continue to provide cover for folks that go to work on helicopters from the Hamptons and say its for folks that take the subway.
Nobody brings on the truth like Charles Payne! ...
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