Inguquko yeReddit ngokuchasene neHedge Fund ibetha into ebuhlungu, enobunzima

Iyintoni intsingiselo yesaga yeGameStop, ukukhwela okuqhubayo kweemarike zesitokhwe? Ukunyuka okubangelwa yiReddit kwisitokhwe somthengisi wevidiyo yomdlalo oko kwaqala njengentlekisa ekugqibeleni eyaphukileyo enye IWall Street hedge fund, eyenziwe (ubuncinci ngokwezikrini) abanye abatyali zimali abathengisa ngemini ngequbuliso baba zizityebi kakhulu, kwaye bayichitha neentsomi esele zibuthathaka malunga nentengiso efanelekileyo apho uqoqosho lwethu noluntu lusekwe khona.

I-odyssey isaqhubeka kwaye iyatshintsha ngomzuzu, kodwa abahlalutyi abachwayitileyo baba mkhulu. Sibona uQoqosho lweFrance kwezemali, apho uninzi lwabasebenzi luphakamayo ukutshintsha ubume bezezimali, u-Anthony Scaramucci ongaphefumliyo, ongxowankulu bezentengiselwano kwaye, ngokufutshane, owayesisithethi se-White House, utshilo kudliwanondlebe neBloomberg News ngoLwesithathu ebusuku.

Isifaniso esithandekayo, yiyo loo nto ndibambekile . Into yile, uSaramaramci ulungile, kodwa hayi ngendlela acinga ngayo.

Ngo-1789, amaFrentshi athatha indawo yokumkani (abo guillotined ) Nge uzwilakhe (abo guillotined ), owathi kamva wathatyathelwa indawo ngumlawuli (owahlala ixesha elide ngokwaneleyo ukuba enze ifayile ye- ikhowudi yezomthetho, uninzi lwayo olusemi nanamhlanje ). Umphathi ufile, phila ixesha elide umphathi. Kwaye, yabona: ukuza kuthi ga ngoku, abaphumeleleyo abakhulu baseseWall Street, amandla abo aphezulu kwisakhelo esiqhutywa kuso r / wallstreetbets (Oko kukuthi: Wall Street!) Ngaphantsi komjikelo we-hype, phantsi kwezihloko, bekucacile ukuba ngubani ophetheyo.

NgoLwesine, abatyali mali abathengisayo bazifumanisa bengaphandle. I-Robinhood, i-Zoomer-friendly, i-app yokurhweba simahla kwiipowusta ezininzi r / iibhodi zodonga babeqhele ukubeka izikhundla zabo, urhwebo oluthintelweyo Ubuncinci kwisitokhwe se-13 ngolwesine kusasa, kubandakanya i-GME kunye nezinye iinkampani abaHlaziyi abajolise ekunciphiseni okufutshane. Olunye urhwebo ngentengiso, kubandakanya i-TD Ameritrade, ngoku ivumela abasebenzisi ukuba bathengise kuphela izabelo zabo, bangathengi ngaphezulu.

Bona kwakho: Ngubani omele ahlawule i-GameStop-Robin Hood Chaos? I-SEC, abaThetho beMithetho bacamngca

Ukuthengisa kwaqala kwakhona ngolwesiHlanu, kwaye ukusukela ngentseni, izabelo kwiMidlalo eStock yayiseyi- $ 340 yeenkwenkwezi, iphantse yangamaxesha angama-20 ukusuka ekuqaleni kukaJanuwari. IKhomishini yoKhuseleko kunye noTshintshiselwano-eyenziwe kwi-1934 ngexesha loxinzelelo olukhulu, ngenjongo yokuphepha enye intlekele enjalo- utshilo inokuphanda iRobinhood kunye nezinye iarhente zabarhwebi. Kwimeko yeRobinhood, i-SEC iya kuphanda ngakumbi: Abalawuli isohlwayo inkampani eyi- $ 65 yezigidi phakathi kuDisemba ngokufihla amalungiselelo ayo ezemali kunye neefemu zorhwebo. Akunjalo ngentando yesininzi, emva kwayo yonke loo nto.

Abalawuli banokuthatha amanye amanyathelo. Siza kusebenza ukukhusela abatyali zimali zentengiso xa iinyani zibonisa ukurhweba gadalala okanye ukurhwaphiliza urhwebo olungavumelekanga yimithetho yezokhuseleko, utshilo u-SEC kwingxelo yakhe. Okwangoku, ukujija kwangoLwesine kukhokelele kwimpazamo enkulu Okomzuzwana Wobuntu phakathi kukaTed Cruz no-Alexandra Ocasio Cortez, kwaye wanyanzela u-Sen. Elizabeth Warren ukuba akhalaze ngelithi ukunqongophala kommiselo makwenzeke konke oku. Kodwa okwangoku, isambuku sisonke sisifundo sokwenyani, kwezi fowusta zinye zathi zavuma zaza zanyathela indlela yazo ekubukeni iMelvin Capital igxaza igazi esitratweni, ukuya qaphela ukuba umdlalo nangoku ngqwabalala nxamnye nabo.

Ukuba kukho naluphi na uguquko, yayikukuba i-r / wallstreetbets yayisebenzisa nje inkululeko yentengiso yedemokhrasi-iqhinga lakudala kakhulu eWall Street. Okanye, okubi ngakumbi, i-intanethi ibonelela nje ngeqonga lokukhohlisa kolawulo, ngelixa iWall Street yayinesithupha sayo kwisikali kwaye yafumana yonke inzuzo yokwenene ngalo lonke ixesha.

Imali enkulu, njengemali ye-hedge funds eyabangela i-imbroglio ngokunciphisa isitokhwe se-GameStop kwindawo yokuqala, yayisavunyelwe ukuba ithengise ngokukhululekileyo ngexesha lokumiswa ngoLwesine. Kwaye ngelixa ukuphuma kwegazi kukaMelvin Capital kukhokelele kwii-tweets ezininzi ezimnandi, ezinye iimbiza ezinkulu zemali zenza ukubulala okukhulu, ngaphandle evulekileyo kodwa kude nembonakalo.

Uninzi lwezabelo kwi-GameStop eyeyakhe enkulu, eyinkunzi yeziko. Ukuba abaRedditors benze amawaka okanye izigidi, ikomkhulu leziko lenze iibhiliyoni. Njenge-VICE ixelwe , kwiifayile ze-SEC ezingeniswe ngolwe-Lwesibini, iBlackRock ixele ukuba ukubanjwa kwayo kwi-GameStop, exabisa i-174 yezigidi zeedisemba ngoDisemba, ngoku zixabisa ngaphezulu kwe- $ 3.1 yezigidigidi.

Nokuba iBlackRock ibingekho, iWall Street isaza kuphuma phezulu ngexesha leGameStock, kuba ziqhuba urhwebo. Njengombhali weshishini UAlexis Goldstein ubhale Kwincwadana yakhe yeeMarike ngeVeki, iiarhente zentengiso ezinje ngeRobinhood zikhona kwaye zinenzuzo kuba abathengisi benza inzuzo encinci kurhwebo ngalunye.

Kwimeko kaRobinhood, iWall Street ithatha ukusikwa kabini. I-Robinhood ifumana umrhumo wentengiselwano nganye kwi… fund yeheji. Leyo hedge fund, isebenza njengale nto ibizwa ngokuba ngumenzi wemakethi, ngokuyimfuneko indlu yokucoca urhwebo ngentengiso, yenza imali ngokuthenga izabelo ngamaqashiso, ngamaxabiso asezantsi kunalawo ahlawulwa ngabathengi bawo. Inzuzo encinci kwisabelo ngasinye, kodwa i-avalanche yeepennies iyongeza.

Eli lungiselelo, libizwa ngokuba yiNtlawulo yoku-oda ukuHamba, livakala ukuba liyindlala, kodwa lamkelwe ngokupheleleyo eWall Street- kwaye ikwachaza nokuba kutheni iWall Street ilungile neGameStock.

Enye yeedge fund yalahlekelwa yimali, enye yehedge fund yenza imali. Indlu ihlala iphumelela, utshilo omnye umtyali mali kunye nomhlalutyi, owalayo ukunika igama labo ukuze bathethe ngokukhululekileyo.

Kwenzeka ntoni emva koko? I-GameStop, enexabiso elingaphantsi kwe- $ 10 ngaphambi kokuba i-40x madness iqale, iya kuthi gqi emhlabeni ekugqibeleni. Esona siphumo sexesha elide kukuba ixabiso leGameStop liza kuthi ekugqibeleni libuyele kwinqanaba elibonisiweyo, kodwa kunzima ukuqikelela ukuba kuya kuthatha ixesha elingakanani, utshilo u-Anastassia Fedyk, unjingalwazi wezezimali kwi-UC Berkeley's Haas School of Business eneendawo zobungcali ezibandakanya indlela yokuziphatha kweqela.

Kukho eminye imizekelo yokugubungela amajelo eendaba okubangela ama-spikes amafutshane kumaxabiso esitokhwe kule minyaka imbalwa idlulileyo. Iibhodi zemiyalezo ezithengisa ngokuthengisa impahla zinesithuba seminyaka ubudala zinetyhefu enezithuba ezingahleliwe ezingaziwayo ezichaza oku okanye isitokhwe; ngamanye amaxesha aba ngabatyali mali, bazama ukuthumela ngepompo kunye nendawo yokulahla inkunkuma. Ukuya phambili, i-r / wallstreetbets ibonakalisile amandla okwenza ukutsiba kwesitokhwe. Oku kufuneka kunyanzelise abatyali mali bamaziko, njengemali enkulu yeedge, ukuba baphinde bavavanye umbono osisiseko kwezemali obiziweyo ulamlo .

Kwiincwadi zezifundo, i-arbitrage inokubiliswa kumthengi othenga ukhuseleko olufanayo kumaxabiso ahlukeneyo kwiimarike ezahlukeneyo, kodwa uhlala ezixhamla kumahluko wexabiso. Leyo yimarike efanelekileyo, ethi kwezinye izinto ihlahlel 'into enqabileyo. Abanye balatha kwi-r / wallstreetbets njengomboniso wendlela intengiso engasebenzi ngayo. Kodwa imbali yeemarike igcwele i-hype-cycle-fueled spikes kunye ne-dips. Izitokhwe zeteknoloji zikwenzile oku. Izitokhwe zentsangu ziyenzile le nto. Yintoni eyahluke ngokwenene, apha?

Bona kwakho: I-Redditors Crushed GameStop & AMC Abathengisi abafutshane-Nantsi into abayilandelayo emva koLandelayo

Nangona ingaqhelekanga, konke oku kubhekisele kuqoqosho olusisiseko, ayongxaki kwintengiso, Utshilo uStephen Lenkey , Unjingalwazi wezeziMali kwiYunivesithi yasePenn State osandula ukupapasha imeko yokuthengisa okufutshane. Ngubani ophumeleleyo? Abathengisi abafutshane bahamba kakubi, kodwa ezinye iifemu zaseWall Street ezibolekise ngokhuseleko lokunciphisa zenza kakuhle, wongeze watsho. IWall Street kufuneka ibuye ngokulula kule nto, kodwa ingabinabuchule, abathengisi abathengisayo abasabambe ukhetho lokufowuna xa ipinprick isenzeka banokuphelisa ukuphulukana nesibonda sabo.

Enye into ephefumlayo, ukutolikwa kwedolo yentsingiselo yeGameStock kukuba sisikhalazo esikhulu, isigwebo sentengiso. Hlala ngeapp.

Imeko yotshintsho kuxa oorhulumente bewa kwaye iimodeli ezindala zokuphila kunye nokwenza zithathelwa indawo zezintsha. Ngaba nabani na ngokwenyani angatsho ukuba yile yenzekileyo apha, ukuba iheji mali isekhona kwaye isazuza, xa ihlokondiba labatyali mali likhupha enye ingxowa mali yeheji?

Ukuba isitalato iWall siphulukana nentloko, silungile, utshilo uKristin Hull, umseki kunye ne-CEO yeNia Impact Capital, ese-California utyalo mali ngokuqinileyo. Kwaye oko akukenzeki. Endaweni yoko, abatyali zimali abathengisayo baqinisekile ukuba banako kwaye kufuneka baqale ukurhweba kwi-Elon Musk tweet, okanye kwi-Reddit shitpost.

Abanye abatyali zimali zentengiso baya kwenza imali ngale ndlela. Omnye uMgcini weRedditor uxelwe ukuba unyuke kwizigidi ezingama- $ 50,000. Uninzi lwabanye-njengabo bathenga kwinqanaba elingazinzanga, okanye basilele ukuthengisa ngaphambi kwengozi-baya kulahleka. Ngalo lonke elixesha, umdlalo abawudlalayo useWall Street. La dibanisa utshintsho.