Who cares tho. Anyone who sells now still made massive gains. Only gamblers think about “potential gains”.
Comment on Peter Thiel dumps entire Nvidia stake, slashes Tesla holdings amid bubble fears
Mk23simp@lemmy.blahaj.zone 2 months agoImagine if he waits for people to panic and sell off and then buys back into the market.
In this case, I expect that the market is due to tank for real soon, so that would maybe be a stupid move, but it seems like in general someone could literally trade on the perception that they’re an insider (regardless of whether they have real inside information or not) to manipulate the market in their favor.
unexposedhazard@discuss.tchncs.de 2 months ago
tym@lemmy.world 2 months ago
gamblers duck in and out over the course of hours and days with leverage
5C5C5C@programming.dev 2 months ago
I imagine this should count as illegal stock market manipulation, but the government would be too toothless to prosecute it.
yakko@feddit.uk 2 months ago
The word is regulatory capture, and the game is upwards wealth transfer.
Passerby6497@lemmy.world 2 months ago
FTFY
excursion22@piefed.ca 2 months ago
This is the government’s favourite sport. What do you think all the tariff announcements and later withdrawals are doing?
BarneyPiccolo@lemmy.today 2 months ago
The MAGA government will get in on it. Trump will probably make some kind of ridiculous statement to kick off the plunge, so they can all profit on the slide, and rebuy at the bottom, and recycle the bubble.
Atherel@lemmy.dbzer0.com 2 months ago
The government did it itself just way bigger.
baggachipz@sh.itjust.works 2 months ago
They’d probably encourage it
aeternum@lemmy.blahaj.zone 2 months ago
lol. prosecuting one of the in crowd? They’re not toothless (in this case at least), they’re just protecting one of their own.