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So in the hearing today it was made clear that FINRA (who changed how they published short interest data after the January run up) is run out of the same office building as Citadel. Shocker.
Where did you see this?
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So in the hearing today it was made clear that FINRA (who changed how they published short interest data after the January run up) is run out of the same office building as Citadel. Shocker.
I had the audio on in the background and happened to catch it. I’m hoping a transcript becomes available.Where did you see this?
I hope so. I don’t like how some of them are suggesting retail is the problem. They paint it as saying it’s like a child playing with knives for the first time.It is very clear that Gary Gensler is on the side of retail. We have an ally there. He has to choose his words carefully, but he definitely has it out for the hedge funds.
I hope so. I don’t like how some of them are suggesting retail is the problem. They paint it as saying it’s like a child playing with knives for the first time.
What’s the problem? That for the first time a very large group of retail investors figured out what to do when big banks manipulate the stocks. And that’s to hold. No matter how hard they shake the tree. Just hold. When you own the float - you have the bags that the HFs need.
Jobs number is a big miss. I think yesterday's rally was hoping for something better.
Jobs number is a big miss. I think yesterday's rally was hoping for something better.
That'd really not a good number. Something to watch going forward. I do think the unemployment benefits is slowing the return to work.
It's hard to say given the unusual circumstances still related to the pandemic. Are some people still afraid to return to work in some sectors (with high public/customer interface, like fast food for example)? Are some people not returning to work due to child care issues (e.g. the children are still in remote schooling or the day care continues to be closed)? Have some previously employed payroll employees found alternative gig-based (e.g. Uber or DoorDash) income that better fits their schedule or needs, particularly as the pandemic continues?
I don't think these are trivial questions.
Jobs number is a big miss. I think yesterday's rally was hoping for something better.
First off, everything that Chuck said in terms of child care, maybe health risk, concern about how the place is treating Covid.. I know some who just won't go back to a restaurant without certain conditions or changes.That’s what happens when it’s more lucrative to stay home and collect benefits than to go back to work. Anyone that didn’t see this coming is blind.
There are 8 million job openings right now. Anyone can get a job that wants one.