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The Robinhood ‘free commission’ trading app, popularized by Millennial traders, along with other online brokers, is this morning preventing the purchase of certain stocks which have been recently run up by individual investors, forcing large hedge funds into losses as they attempt to cover their short positions in the stocks.
News reports yesterday confirmed the SEC is currently discussing limiting individual investor access to capital markets. It is likely overnight pressure from regulators forced these online brokerages to take action on the open.
As with the union rage over the loss off 10,000+ jobs from the cancellation of the Keystone Pipeline, Millennial traders are enraged the Biden administration is taking care of globalist hedgefunds, allowing them to cover and remain in business despite bad decisions, while preventing individual investor access to trading, or in other words, their ability to become wealthy.
Dear free and efficient markets, is there a restricted list for stocks that anyone without a Hampton’s mansion can no longer trade?
— zerohedge (@zerohedge) January 28, 2021
Ameritrade I expect. @RobinhoodApp entire business model is to cater to the exact people they are now trying to fuck with and scare into selling. They will never recover from this.
— Dave Portnoy (@stoolpresidente) January 28, 2021
The buyer’s remorse of the Biden voter is now on full display.
Could the realization by the Millennial masses that Biden actually did steal the election be next? This outcome seems highly likely.
The Biden administration is made for wealthy globalist in bed with communist China, not for the free American mind.
