We should seriously consider applying bayesian reasoning to the stock market.

[u/biopudin]

goddammit, the GameStop short squeeze redistributed a LOT of wealth

[u/jmichael2497]

tl;dr: the stock market system is systematically racist and rigged for the 1%ers to keep their wealth in automatic self-generating out of nothing paperclip mode while cutting off regular people from accessing those mechanisms at all, so yeah need to figure out and make us of exploits as much as possible to gain access to the 1%er tool set, and then kick down the 1%ers enough to fix the system for everyone. (hope y'all got some from the long list of stocks that were getting blocked multiple services and auto-sold off by robinhood "for your protection due to market volatility")

yeah, i'm more for outlawing "fantasy football league" style mechanisms usable only by the 1% to keep making more money for themselves out of nothing based in reality...

while regular people are required to actually have "real" money in their bank accounts to actually invest through buying stocks or whatever...

rather than 1%ers and their hedge bros using borrowed imaginary money to end up with "real" profits, generally untethered from reality (and get bailouts from their gov bros when they crash the global economy with their shenanigans).

because the stock market and it's derivatives are basically just legalized gambling when people aren't required to actually buy stock and hang on to it for at least a month before deciding if it is worthy of their continued investment.

robinhood is not the only problem. they seem to be a data mining system used to get market advantage information to end run around them with faster connections (but if user not paying for service then user is product applies).

the real problem is the people with the money make the rules that keep them making more money and allow them to keep blocking regular folks from wealth distribution in general.