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Robinhood Now Limits Stock Purchases To 1 Share! Stocks DROP as Mania Continues!

CAN THIS CAUSE A CRASH?

source / The Money GPS

It looks like we could be at a pivotal moment in the financial system. Where an organized group of traders are taking on a strategy that isn’t new but has never been implemented on this scale. As a result, stocks that were previously little known, low on liquidity, bankrupt, destined to fail, or simply part of the frenzy, are now soaring faster than anything we have seen in a long time. Brokerages are capping, limiting, or simply warning investments into these stocks that are rising higher. It looks like this battle has only just begun.

 

Changes due to ongoing market volatility | Robinhood

Changes due to ongoing market volatility | Robinhood

Opening new positions in the securities listed in the table below is currently allowed, but limited. For more context about the decision to limit these securities, read our blog post Yes. The table below shows the maximum number of shares and options contracts to which you can increase your positions.

archive

— The Money GPS: Robinhood caps hot stocks like #gme to 1 share! (Instagram Jan 29, 2021)

 

Robinhood App Is Said to Draw on Credit Lines From Banks Amid Stock Market Chaos – Bloomberg

https://www.bloomberg.com/news/articles/2021-01-28/robinhood-is-said-to-draw-on-credit-lines-from-banks-amid-tumult?sref=rY0z5sRB

Elon Musk’s tweets are moving markets — and some investors are worried

Elon Musk’s tweets are moving markets – and some investors are worried

Bitcoin’s value jumped more than 20% to $38,566 on Friday after Elon Musk, the world’s richest person, changed his personal Twitter bio to #bitcoin, fueling speculation that he had bought more of the cryptocurrency.

How Wall Street thinks the Reddit-fueled GameStop trade will unravel

This is how Wall Street thinks the Reddit-fueled GameStop trade unravels

The war between hedge funds and retail investors over shares of GameStop has one logical conclusion, according to executives and traders of a major Wall Street firm. Shares of GameStop, the video game retailer, have climbed more than 900% since the start of the year after members of the Reddit community WallStreetBets banded together in an effort to push the stock higher.

— The Money GPS: STOCK MARKET TUMBLES as GME soars (Instagram Jan 29, 2021)

 

Market sell-off deepens as speculative mania continues on Wall Street, Dow drops 600 points

Dow drops more than 600 points Friday, suffers worst week since October amid GameStop trading frenzy

U.S. stocks fell sharply on Friday, wrapping up a roller-coaster week on Wall Street as heightened speculative trading by retail investors continued to unnerve the market. The Dow Jones Industrial average lost 620.74 points, or 2%, to 29,982.62, the first time the 30-stock gauge has closed below the 30,000 mark since Dec.

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Billionaire blasts ‘Robinhood market’ as Jon Stewart, others herald GameStop stock rebellion

Billionaire blasts ‘Robinhood market’ as Jon Stewart, others herald GameStop stock rebellion

The unlikely rise of GameStop stock was already seen by someas a populist war against Wall Street – average investors rallying online to hurtpowerful financial firms by sending unexpected businesses soaring. Then a billionaire hedge fund manager, once charged with insider trading, went on CNBC to share his concerns.

Cramer tells investors to take home run and sell GameStop

‘You’ve already won’ – Cramer tells investors to take home run and sell GameStop

CNBC’s Jim Cramer on Friday complimented the retail traders who helped spark the massive run-up in GameStop shares, but advised they take their profits now. “Take the home run. Don’t go for the grand slam. Take the home run. You’ve already won. You’ve won the game.

— The Money GPS: Jim Cramer says don’t go for grand slam. What do you think? (Instagram Jan 29, 2021)

 

Kevin O’Leary cheers GameStop frenzy despite risk as ‘real world’ lesson

Kevin O’Leary cheers GameStop frenzy despite risk as ‘real world’ lesson for novice investors

Kevin O’Leary on Friday defended the right of retail investors to continue trading shares of GameStop, AMC Entertainment and other stocks that have been hyped online. In an interview on CNBC’s “Squawk Box,” the O’Shares ETFs co-founder said investors should be allowed to speculate freely – regardless of whether they end up losing their own money and regardless of whether hedge funds and other short sellers get slammed.

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https://cms.zerohedge.com/s3/files/inline-images/net%20long%20stocks.jpg?itok=eEW9IAUn


The stocks market keeps going higher as we see more cash, debt, margin being used at this time. The U.S. dollar has been pushed down in recent months and now moving in a range. We are looking at certain stocks like GameStop, AMC, Blackberry and others that are flying higher. Robinhood is at the center of much controversy.


— APPENDICES —

GameStop Drama Hammers Retail ETF as Nearly 80% of Assets Exit

As the GameStop Corp. saga continues to play out in markets, the drama has now cost what was an $800 million exchange-traded fund nearly 80% of its assets. Investors have pulled roughly $700 million from the SPDR S&P Retail ETF (ticker XRT) this week, draining total assets to just $164 million.

source

— The Money GPS: ETF loses 80% of assets! (Instagram Jan 31, 2021)

 

Fed’s Daly Pushes Back Against Pulling Policy Aid to Curb Stocks

The U.S. central bank should not prematurely withdraw pandemic support for the U.S. economy just because some people are getting rich in the stock market, said San Francisco Federal Reserve Bank President Mary Daly.

source

— The Money GPS: The Fed will not pop the bubble (Instagram Jan 30, 2021)

 

r/wallstreetbets

r/wallstreetbets: Like 4chan found a bloomberg terminal. The Official Mods Twitter is @wsbmod

— The Money GPS: Wall Street Bets on Reddit is adding millions of people. Retail traders needed to keep the prices going higher. (Instagram Jan 30, 2021)

 

— The Money GPS: Jim Cramer says don’t go for grand slam. What do you think? (Instagram Jan 29, 2021)
— The Money GPS: Robinhood caps hot stocks like #gme to 1 share! (Instagram Jan 29, 2021)archive
— The Money GPS: STOCK MARKET TUMBLES as GME soars (Instagram Jan 29, 2021)
— The Money GPS: Find a company you thought was no longer in business, buy some shares, get rich quick. Is that what’s seriously happening right now?! (Instagram Jan 29, 2021)
— The Money GPS: Hedge your bets like @mcuban ? (Instagram Jan 28, 2021)
— The Money GPS: Fed won’t pull the plug right? (Instagram Jan 25, 2021)
— The Money GPS: Delaying the inevitable pain. (Instagram Jan 25, 2021)
— The Money GPS: Money flooding into stocks (Instagram Jan 24, 2021)
— The Money GPS: 2 ears, 1 mouth — use in that ratio. (Instagram Jan 23, 2021)
— The Money GPS: Buy the biggest shorts? (Instagram Jan 23, 2021)
— The Money GPS: Investing legend says bad things are coming because paper printing does not create an economy. (Instagram Jan 22, 2021)
— The Money GPS: The purpose of big tech is to absorb your data. Not to provide a service and later take advantage of you. Look up In Q Tel. (Instagram Jan 21, 2021)
— The Money GPS: Moving south? (Instagram Jan 21, 2021)
— The Money GPS: Bitcoin going higher? (Instagram Jan 20, 2021)
— The Money GPS: Janet Yellen will you go “big”? (Instagram Jan 19, 2021)
— The Money GPS: Time to move? (Instagram Jan 19, 2021)
— The Money GPS: Never stop (Instagram Jan 18, 2021)
— The Money GPS: Invest in yourself first (Instagram Jan 18, 2021)
— The Money GPS: BITCOIN HITS $40,000 (Instagram Jan 7, 2021)
— The Money GPS: To get where you want to be, you have to know where you are now. (Instagram Jan 4, 2021)
— The Money GPS: Aim Higher (Instagram Dec 17, 2020)
— The Money GPS: Never lose money (Instagram Dec 16, 2020)
— The Money GPS: Master one thing before moving on. Know where you are in the cycle. (Instagram Dec 15, 2020)
— The Money GPS: Be a better investor | How to be a better investor. Window shop! (Instagram Dec 12, 2020)

— FOOTNOTES —

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Wake up to the suits and ties. They’re all lying to you. None are your friends. None wish to help you. Wolves in sheep clothing. More distractions than ever before. The magician always makes a spectacle to hide the trick.

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Powell was just asked about GameStop stock. Said he doesn’t want to comment. Yea… We know you don’t want to comment on it because you’ve created this madness. David Liesman asked a follow up, specifically asked him to talk about super low rates creating a bubble #gamestop pic.twitter.com/JF0mPhS9PY

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Powell: “The real unemployment rate is close to 10% when you include those who have left the labor force” Money printing does not impact asset prices. Stocks and low interest rates not very correlated #gamestop pic.twitter.com/qruhSmyBZL

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We live in a fantasy land. More money flowing in than ever before, IPO frenzy, housing skyrocketing. Euphoria never end well. The higher it goes the worse it will be. Slow and steady growth is much safer. #money #investments #debt

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IF THEY WILL FIGHT OVER PLAYSTATION…What would they do for food? #ps5 #PlayStation5 #playstation #ps5fight #walmart pic.twitter.com/hbimVKzeta


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Sources Used in This Video: http://bit.ly/TheMoneyGPSSources2021


The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.

#money #finance #invest

 

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Kurds, stolen oil, and an American domestic terrorist

Russiagate clown show. FBI lawyer Clinesmith gets probation and $100 fine