Gamestop & the Revolt of the Public (1-28-21)

Friend:

Lost a lot of respect for Tucker’s intelligence and modus operandi watching his show on the gamestop reddit short squeeze. Mindless, rabble rousing. telling a story 90pct accurately is akin to lying. short sellers gettign tarred and feathered w markets at all time highs is absurd. There is rarely ever a good company that was shorted successfully. Enron was exposed by shorts. you need people incentivized and willing to take on risk to have a check and balance in a market. You have so many people needing to comment on the story who have such a facile understanding of how markets work. gme got so shorted and cheap cause its a dead business. why wouldn’t apple be cheap then? plenty of shorts bet against it. Tesla squeezed billions, no one complains. Without shorts having to cover you don’t get big up moves either. tucker is so mid tier iq shameful. seinfeld reruns > tucker. conflating short selling in general w billionaires getting bailouts and exchange shut downs to save a bad trade are two entirely separate things, or issue of allowing people with positions chance to pump or fear monger their positions on public airwaves another separate issue.

Luke’s elitist instincts serve him well. When you read high school graduates like NF, or lit professors like Melchy using this as proxy for their gripes w society you realize how blunt and ignorant much of their positioning is on this and on a lot more. ‘Bad shortsellers’ is ‘stop the steal’ or ‘just the flu’.

00:00 Louis Rossman: Wallstreetbets & the alt-right – the slander train is leaving the station, https://www.youtube.com/watch?v=k_oNLeMuxvg
06:00 The New National American Elite, https://www.tabletmag.com/sections/news/articles/new-national-american-elite
12:00 WALLSTREETBETS “HACKERS” DEFACING THE MARKET! https://www.youtube.com/watch?v=D-U2rOHIv94
16:50 Brokers MANIPULATING MARKET to save hedge fund billionaires & punish retail traders @ wallstreetbets, https://www.youtube.com/watch?v=enLiJfijWBI
17:50 When Saul Steinberg Tried To Take Over Chemical Bank, https://lukeford.net/blog/?p=114956
19:00 Saul Steinberg Vanity Fair profile, https://www.vanityfair.com/news/2001/01/saul-gayfryd-steinberg-200101
30:00 Meet the author who predicted the upheavals of the 2010s, https://www.vox.com/policy-and-politics/2019/12/26/21004797/2010s-review-a-decade-of-revolt-martin-gurri
29:30 Attorney Ron Coleman on the plebs vs elites
32:40 Lee Cooperman: “It’s a way of attacking wealthy people.” https://www.youtube.com/watch?v=mI-nItz56Fs
58:00 Saagar Enjeti: Wall Street Elites REGULATE, DEPLATFORM Redditors Who BEAT THEM On GameStop, https://www.youtube.com/watch?v=t95Hxz6xioQ
1:04:00 GameStop: Intentionally Dying, https://americancompass.org/the-commons/gamestop-intentionally-dying/
1:05:00 NYT: The GameStop Reckoning Was a Long Time Coming, https://www.nytimes.com/2021/01/28/technology/gamestop-stock.html
1:18:00 Keith Woods: What Is Going On With GameStop Stock?, https://www.youtube.com/watch?v=4F3k2ESpI9I
1:42:00 Kurt Lewin, social psychology, force field analysis, https://www.youtube.com/watch?v=koI6EXec4Yc
1:44:00 Kurt Lewin, https://en.wikipedia.org/wiki/Kurt_Lewin
1:52:00 Yuri Burlan’s System Vector Psychology. The anal vector 1/6, https://www.youtube.com/watch?v=hFvjfRmDTd0
1:57:00 The Real ‘Social Dilemma’? It’s Our Clueless Elites, https://thedispatch.com/p/the-real-social-dilemma-its-our-clueless
2:24:00 Former SEC Commissioner Laura Unger compares short squeeze to January 6th at the Capitol
2:30:00 The New York Times and other elite media outlets have openly embraced advocacy over reporting, https://www.city-journal.org/journalism-advocacy-over-reporting
3:08:00 Tucker: Unprecedented censorship is taking over American media
3:16:00 Will the Truth on COVID Restrictions Really Prevail?, https://www.realclearpolitics.com/articles/2021/01/27/will_the_truth_on_covid_restrictions_really_prevail_145128.html
3:18:45 Robinhood CEO on CNBC on why Robinhood app stopped letting people trade certain stocks
3:23:30 Saga of Angelo John Gage: Banned From Twitter
3:26:00 Why Madison Cawthorn is Trump 2.0, https://www.cnn.com/2021/01/28/politics/madison-cawthorn-mask-trump/index.html

https://www.vox.com/policy-and-politics/2019/12/26/21004797/2010s-review-a-decade-of-revolt-martin-gurri

About Luke Ford

I've written five books (see Amazon.com). My work has been covered in the New York Times, the Los Angeles Times, and on 60 Minutes. I teach Alexander Technique in Beverly Hills (Alexander90210.com).
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