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Overnight, a stock GME that I have never heard of and a forum WSB that I haven’t visited were swiped in the circle of friends. Everyone was discussing the retail riots in the United States. Citron and Melvin Capital were in the first two trading days of this week. The floating loss was US$5.97 billion.
Interestingly, the order of domestic attention to GME and retail riots is also from retail to official. When the Chinese in the U.S. in my circle of friends started to get excited, even the US media’s tone of 800 million dollars was nothing to institutional predators. Everyone thought that the institution would definitely win. However, as the contradiction intensified to the point where the official "pull the network cable", more and more opinions began to fought fiercely, and the left and the right began to talk about how the market should be controlled.
The latest development is that after GME retail investors switched to silver, GME stock and silver each fell heavily. Those retail investors who claim that they will never sell GME do not know if they will get rid of their sets in time. And I couldn't help but start to associate the movie "The Hummingbird Project" that is currently being shown with the retail riots in real life.
The "Hummingbird Project" tells about two smart people who try to use the millisecond-level internet speed advantage to grab the business of the exchange and change their own destiny. They face capital oppression and try to become the party of capital. They exhausted everything in vain and failed.
Most of the film works describing finance, finance and the Internet circle always try to describe a group of smart and insatiable people attacking the superstructure, and finally return without success. At the end of "Hummingbird", Jesse Eisenstein sat in the barn in vain in the heavy rain. The high-speed camera made the raindrops fall like snow. The creator wanted to use a Zen-like ending that was almost nonsense to let the audience understand by themselves. . Whether it’s the "Wolf of Wall Street", "Devil's Agent", "Wall Street" in previous years, people think that Hollywood practitioners are really shameless top-level groups in the world. They obviously live in this world and are the most popular. In the white circle, everyone sharpened their heads and climbed up, but wanted to tell everyone: You and I are slaves to money.
So what? Would you slow down because you have to think about slavery?
Generations of technological innovation can reverse part of the industrial structure in the early stages of technology. For example, the Chinese Internet was just born ten or twenty years ago. I remember Sohu's old saying "Miss Front Desk Millionaire". If you set aside the 1 million soft girl coins that are not enough for you to move the world, it will be worth two houses in the capital. There are indeed some technological innovators who have used their superior minds to change the social position of themselves and the people around them.
However, this technological advantage will soon be acquired by the government and powerful institutions with a faster speed and advantageous resources, and innovators have been slowly absorbed as part of the top-level structure, so the structure has stabilized and solidified again. Until the next technological shock brings industry-level challenges.
And those who live between time faults and faults are the most innocent and pale. Ten or twenty years later, when our young people are able to do other than work overtime at 996, send a few complaints to their favorite UP masters with one-click triplets. What about the generation who can't afford a house and can't have children?
Even so, I still dislike the argument of "The Hummingbird Project" from the bottom of my heart. It tries to make you feel that it is a smart and decent person. It mocks you for being mediocre and self-disturbing, and the upper level does not lack you or other smart people. There is a section about the poop pit riot in the mid-levels of the rich in the film. The most ridiculous thing is that even though the two protagonists and all the poor in the film think that the rich = poop, they still try to become rich and want to buy a house on the mountain.
Then don't complain, you can concede defeat and fall to the ground if you fail to impact, or you can accumulate your strength to launch another impact.
Don't make yourself a joke. As stated in the low EQ vs. High EQ section: Low EQ says I can't afford it, high EQ will say I resist.
In contrast, American retail investors are at least daring to attack, rather than pessimistically and disappointedly admitting that they are weak at the beginning, regardless of whether their original intention is anger or changing class. Of course, as the incident was analyzed and transparently step by step, the presence of hedge funds among retail investors appeared from time to time, making smart people laugh again.
We must see that the total amount of money invested in any financial market is assumed to remain unchanged. The wealth game is the transfer of money from some people to others. Is the leek revolution whether institutions spit out money or are other more honest retail investors acting as the bottom line? Hard to say. You just see some people have an impact on the structure, and this negative emotion itself may be more deadly than their actions.
I can't criticize anyone who dares to work hard, who dare to challenge fate, even if David can't beat the giant Goliath, what about? As "Hummingbird" criticized, if Venezuelan farmers who grow lemons cannot benefit from the transaction, is the transaction worthless? Obviously, a mature society cannot be so arbitrary. In trading futures, the price of futures is of course closely related to the interests of farmers, but the transaction price will delay feedback.
We are in an era where ideas are rapidly falling apart. Everyone is impatient to listen to other people's ideas. They just want to surround themselves with their favorite voices. Even so, I still nodded my head to admit that every viewpoint is worthy of respect and every effort should be rewarded. Even if it fails, it’s not ashamed. What’s ashamed is that I have never tried hard, or pretend to never try to make up secretly. Fake learners who study.
There is a sentence Lu Xun gave to everyone, "The dawn is on your head, if you don't raise your head, you will always see the flash of material."
You see, although intellectuals are the most useless people in each era, they are regarded as poor and upright in front of the rich, and they are incompatible with the poor because they are not thoroughly poor. Every opinion of intellectuals seems to be about society. It's useless at the moment, but you occasionally hear their complaints and it seems to shine.
Recently, Netflix has a set of documentary "Fran Lebowitz: Pretend We Are in the City" every shot is full of this useless beauty. You hear an old New Yorker complain about the changes since she moved to New York in the 1970s. Every sentence seems to have nothing to do with your current life, but every sentence seems to be a guide. Director Martin Scorsese added a lot of scenes to himself in the film. I recognized him at the beginning because he felt that the documentary Riverland was useless to talk to people, and he would just go along with it. Later, I noticed the interviewer's big black-rimmed glasses.
This is terrible, when the director meets a photographer he really likes. They built a model city of New York, and Fran wandered the Hudson Valley, looking directly at the sun and sunset in every block.
The complaints of intellectuals can't change the world, and they won't even make tomorrow a better place.
But after everything was narrated, it no longer became so intolerable.
When the radical American powerful also quoted the famous lyrics "do you hear the people sing" in the musical "Les Miserables" passionately and sadly in the forum, I still have a sentence that Lu Xun gave to the girls.
"Justice, sympathy, those things, which were cleaned before, have now become capital for ghost loans."
——Lu Xun's "Sword Casting".
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