What’s Behind The Missing ‘Stimmy’ Bid?
"The leak in 'Speculative Frenzy / Unprofitable' stocks has now accelerated," Nomura's Charlie McElligott said Thursday, weighing in on the missing "stimmy" bid.
I say "missing." That's a misnomer. Nothing is really "missing."
Rather, we're all learning that hypotheses about what twentysomethings will be inclined to do when you hand them $1,400 are even more speculative than the GameStop calls we assumed they'd buy.
Read more: Jagerbombs
Although I have no kids myself, I imagine any parent w
It’s good to have a younger generation join the financial markets community. Despite what old farts say, present company, and author excluded, it matters that a new generation of buyers and sellers are brought in. Doesn’t matter that it’s been quiet the last month. Longer term, like decades, this matters. It’s the beginning of a new cohort. We need them.
I suspect, among other lessons, this generation has started to learn that no one gives a shit about you, people will, mostly, scrw you over, given the chance, and that the financial markets are rigged against you.
The lack of perspective of the wheel of life turning among older market participants is astounding. That we were all the age of this younger generation at one time seems not to be able to penetrate the minds of financial market thought leaders.
The sages of the financial markets all thought the “stimmys” would go into the market, or bid for crypto. Again, shows just how myopic, or manipulative, many are. I didn’t see any ensemble of polls, that used scientific data gathering techniques, that concluded with some confidence that money was going into the market and cryptos.
One aspect of the younger generation that we should feel sorry for is their children; their children will perhaps be the second, or third, generation in American history that will have less opportunity, and be less wealthy, than their parents’ generation. Let that kill the “stimmy” bid.
Without the kids playing the market, might turn into the boring numbers game . It was fun buying some stocks that I looked upon as “at this price, maybe someday” and then the kids showed up.
Thanks for the freeos kids.
Spring and summer change everything.
I just talked to my mailman about last batch of stimmy and this batch. He did not notice it yet, same as last time. I read that a big paper batch went out March 19, so….