GameStop’s surge over the past two weeks has prompted Citi analysts to warn investors that some ETFs are facing distortions due to an outsized influence from the video-game retailer as its boom has altered their composition and may force "ad-hoc rebalances and strategy adjustments", Bloomberg reports.
This is what happens when those in control play their hands too strong. People get red pilled. If they can't regain control, it certainly will be game over. I'm thinking how easily they could kill SLV and all the longs by simply having it default (they could do this with others as well) and then giving the little people a scapegoat to make it look like they're doing something good. We'll see...
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
As retail panic trades most shorted stocks, a widespread outage of popular brokerage houses is being reported as the cash session begins. This seems to be the norm in the last couple of sessions, preventing some retail traders from participating in massive squeezes of Gamestop and AMC.
Downdetector reports Thursday morning that users of Robinhood, TD Ameritrade, E-Trade, Charles Schwab, Fidelity, and Webull are reporting issues and outages.
On a geographic level, users of Robinhood are experiencing problems and outages across the East Coast.
A simultaneous (and some have said coordinated) outage of many popular retail brokerage platforms and apps seems odd given that volume is 30% below yesterday's.
Mission accomplished? Shut retail traders out of markets for stability reasons? After all, Wall Street can't be embarrassed by another retail induced short squeeze of popular stock names that blows up even more heavily levered hedge funds.
Robinhood, the online trading application, is preventing users from making new purchases of several stocks, including GameStop Corp. GME, -24.03%, which have surged in value in recent weeks even as professional investors continue to hold large short positions in those securities, the company said in a blog post Thursday.
“We continuously monitor the markets and make changes where necessary,” the statement reads. “In light of recent volatility, we are restricting transactions for certain securities to position closing only.”
This exposes just how corrupt and rigged the markets are. They are the overlords of DC and are moving in unison with the liberal Nazis in government to show us peasants who’s boss.