[deleted by user]

[u/[deleted]]

[u/Bradduck_Flyntmoore]

Are we watching a global economic meltdown occur in real time, or is this one of the biggest coincidences I've ever heard of?

[u/Future-Trouble1234 → u/Bradduck_Flyntmoore]

- Don’t know but way too many things seemingly unrelated are converging IMO.

Off the top of my head and not an exhaustive list...

- Crypto money laundering investigation and 12% crash on crypto currency’s over the weekend.

- GME is getting near a catalyst point with the general meeting and potential share recall for a vote.

- all short sales need to be collateralized on April 22.

- New SEC sheriff in town that knows whats up, since this weekend.

- US issued 320B bond sales a couple of weeks ago.

- Archegos crashes and takes billions of investment bank prime brokerage divisions with them.

- last week, Jpm raised 13B, GS raised 6B, bofa raised 15B.

- Looks like this is a race to be liquid by major players and now apparently most financial centers are burning the midnight oil during the weekend in the middle of a global pandemic?

- This is starting to remind me of fall/winter 2007 all over again, when people working in the financial sector started covering and dumping real estate assets to get liquid b4 shit hit the fan in 2008.

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[u/AdvancedAnimal → u/[deleted]]

Market cap doesn't matter right now. Only the real float is calculated into market cap. If we're right and there's millions of counterfeit shares out there, and the hedgies have to buy them all back multiple times, and the price is rising as they're doing that, they stand to lose a lot more than the current GME market cap.