Subnostr

I always thought the notion "get woke go broke" was too simplistic. This makes a little more sense but I feel there still has to be a profit motive behind all these companies apparently lining up to commit financial suicide. I wonder if it's about driving the stock price down to shake out the small-time investors so the big investment firms can buy up more before the price rebounds. That would seem to fit the trend of aggressive centralisation that we've seen in recent years.

Jac 2y ago

I’ve noticed that portions of the market move together in 5% daily changes. How much money do you figure Aladdin is making old Fink by using the vast capital it controls to manipulate entire market sectors? How much do you figure JP Morgan pays for the API to that algorithm? Buy 100 billion in energy and consumer goods today 0837, sell by 1623, guaranteed 5% gain. It’s the biggest pump and dump scheme ever. Buy into a Vanguard ETF and forget about it. There is no recourse and it’s the best you’re going to do. There is no independent market analysis that is relevant when an AI is literally calling the shots on a global scale.

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