Revolution 2.0

Introduction Manipulating stock markets, attempting to make money independent of any realistic valuation of the stock in question, is deeply wrong, and creates stunning amounts of damage. Most often to the little guy. That’s what’s happening with GameStop.   That is the subject of today’s 10 minute episode. Continuing What is behind GameStop is market manipulation, more specifically a pump and dump. More than a little reminiscent of a Ponzi scheme or a chain letter.  The mythical Robin Hood took money from the ruthless, undeserving rich, and gave it to the downtrodden and disposed. The Sheriff of Nottingham was the strongarm for Prince John, the embodiment of the evil, undeserving rich. Today, Robin(hood), an online broker, offering a no-fee way to buy and sell stocks, and its band of Merry Day Traders, orchestrated a short squeeze, with the avowed intention of simply punishing hedge funds, today’s Sheriff. With today’s Prince John presumably being the “system” which is always unfair to the little guys.