Tag Archives: wall st bets

Confused about GameStop, Robinhood, Reddit and Wall Street Bets? Check out the Big Short

Stories from Past Crises can Reveal New Insights as we Encounter huge Challenges

https://movietrailers.apple.com/movies/paramount/thebigshort/thebigshort-onlinespot_h1080p.mov

The reality is sinking in, slowly, that the future is truly unknowable and that big changes and even bigger challenges are looming. Twin shocks of a health emergency and a financial crisis, intertwined and yet with separate trajectories, are still to be resolved in our near future.

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And then there’s the myriad of other challenges that were already acute, such as global warming and the “other” epidemic; corruption and greed. It’s almost too much to face up to, and no one can be blamed for wanting to just turn away.

Too much has been glossed over. After the 2008 crisis we all just wanted to put that ugly mess behind us and get on with our lives. I suppose the criminals that netted billions as a “reward” for almost destroying the entire global economy were also eager to just move on.

All that as it may be, perhaps, a way to begin the process of regaining our courage and looking into the future with some kind of hope, or at least a deeper understanding of the human dilemma and historical precedents, might be to enjoy films about small moments of triumph before great adversity. Here are a few recent options:


The Big Short

https://movietrailers.apple.com/movies/paramount/thebigshort/thebigshort-fte1_h1080p.mov

Barely 12 years ago, the financial collapse and ensuing “Great Recession” was a nightmare scenario. The aftermath of that debacle is also a contributor to the economic dangers we see before us in 2020. This film, likely the best based on that era, highlights how outsiders and misfits were able to prosper, even as they witnessed the corruption, failure and systemic injustice that brought the world to the brink of total economic chaos.

Starring: Christian Bale, Steve Carell, Ryan Gosling and Brad Pitt.


Anthropocene: The Human Epoch

https://movietrailers.apple.com/movies/independent/anthropocene/anthropocene-trailer-1b_h1080p.mov
Click to buy “Antrhopocene” 
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For a bird’s-eye overview and scientific perspective – Athropocene is a film for those ready to think deeply on how, once beyond the immediate danger, we would want to emerge into a new era as a species. A positive reaction to the current crisis, worldwide, has been a series of ideas and proposals that show a willingness to confront the challenges from an entirely new perspective. Maybe new leadership can mean starting over and making a pledge to try a new approach to literally everything.

‘The film follows the research of an international body of scientists, the Anthropocene Working Group who, after nearly 10 years of research, argue that the Holocene Epoch gave way to the Anthropocene Epoch in the mid-twentieth century as a result of profound and lasting human changes to the Earth.”


Unbroken

https://movietrailers.apple.com/movies/universal/unbroken/unbroken-tlr2_h1080p.mov

Facing death constantly is a reality in war times. This story is a testament to resilience and survival against all odds.

Angelina Jolie directs this adaptation from Laura Hillenbrand’s popular book, “Unbroken” stars Jack O’Connell, Domhnall Gleeson, Alex Russell, Miyavi and Finn Wittrock


Cinderella Man

This Depression era feel-good story takes on new meaning as we see a “Great Depression II” potentially looming. Looking for strength and courage facing forces that threaten our survival, and coming out at the end in a better place, that’s a synopsis and blueprint we can all benefit from observing, even if it’s packaged as a Hollywood vehicle. Russel Crowe at his best. Maybe worth a second look.


Click to buy “Unbroken” 
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Also available on Amazon.

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Elon Musk, AOC, GameStop, Robinhood, Short Selling Hedge Funds: Fine People on all Sides!

Short sellers and now Robinhood are getting critics of all stripes

Tesla CEO Elon Musk wrote in a series of tweets Thursday a litany of anti-short thoughts, punctuated with “get shorty”. Also said he “absolutely” agrees with Rep. Alexandria Ocasio-Cortez, D-NY., that the House Financial Services Committee should launch an investigation into Robinhood because of stock trade restrictions that were put into place by the online app-based brokerage related to GameStop.

Read More:“GameStop vs. Wall Street”: Heroes, Victims and Hogwash

Always a master of viral expression, Musk famously marketed “short-shorts” as a dig at short sellers that he felt were unfairly targeting volatile Tesla stock moves. In the end, at least so far, he has always had the last laugh.

Robinhood is blocking “investors” from initiating new positions in GameStop, AMC Entertainment Holdings, American Airlines, BlackBerry Ltd., Bed Bath & Beyond Inc., Express Inc., Koss Corp., Naked Brand Group, Nokia Corp, Trivago, and Tootsie Roll Industries, Inc. They are only permitting them to sell existing holdings. Margin requirements were also increased for various securities.

The actions likely have a two-fold justification, based on the situation. To protect Robinhood from litigation in the even, which is likely, that the stock will collapse and many novice “investors” will get hurt, and ostensibly, to protect the investors themselves.

Rep. Ocasio-Cortez stated: “We now need to know more about @RobinhoodApp’s decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit.” And then added: As a member of the Financial Services Cmte, I’d support a hearing if necessary.

https://www.spacex.com/media/SN8_Website_03.mp4
video: SpaceX

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