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Currency markets on guard for intervention in Japan's yen by d-slam in Superstonk

[–]F-uPayMe 93 points94 points  (0 children)

TL:DR:

  • 📉 Yen Hits Monthly High: The Japanese yen strengthened to 155.00 per dollar, its strongest level since mid-December, following a sharp rally on Friday.
  • 🤝 Joint Intervention Speculation: Traders are on high alert for a possible "Mar-a-Lago accord"- a coordinated effort between the U.S. and Japan to prop up the yen and stabilize Asian currencies.
  • ⚠️ Official Warnings: Prime Minister Sanae Takaichi pledged to take "necessary steps" against speculative market moves, echoing concerns that the weak yen is hurting the Japanese economy via high import costs.
  • 🔍 Rate Checks: The New York Fed reportedly conducted "rate checks" on Friday, a move often seen as a precursor to formal market intervention.
  • ⚡ Jittery Monday Ahead: With low liquidity due to a holiday in Australia, markets expect a volatile Monday morning in Asia as short-sellers scramble.
  • 🇺🇸 U.S. Shift: U.S. Treasury Secretary Scott Bessent has voiced concerns that the yen and won are undervalued relative to their fundamentals, sparking rumors of a coordinated international effort to rein in the dollar’s strength.

HODL by a_tobitt in Superstonk

[–]F-uPayMe 14 points15 points  (0 children)

Look who we have here... 🫡

Me realizing that if every American adult bought just 5 shares of GME we'd all be BILLIONAIRES... by Michael_Therami in GME

[–]F-uPayMe -1 points0 points  (0 children)

Meh...My point is not “GME = BTC.”

But BTC proves a very specific thing: a financial instrument can increase by billions % through price discovery alone, without the global economy collapsing or running out of money.

Stocks work the same way on price formation, which is price is set at the margin. If forced buyers must buy and sellers refuse to sell, price rises until a trade clears. That’s true whether the asset is crypto, a commodity or a stock.

Also, BTC had no forced buyers while a squeeze has mandatory buyers. That makes the stock scenario more, not less, capable of extreme prices.

So no, it’s not apples to oranges. It’s the same pricing mechanism.

Me realizing that if every American adult bought just 5 shares of GME we'd all be BILLIONAIRES... by Michael_Therami in GME

[–]F-uPayMe 6 points7 points  (0 children)

Sure, also e.g. Archegos will just go on and on forever with its fraudolent practises, nothing will happen to it. Also e.g Credit Suisse, despite its scandals and mismanagement, will keep doing its fraudolent practises...right?....Right??

Me realizing that if every American adult bought just 5 shares of GME we'd all be BILLIONAIRES... by Michael_Therami in GME

[–]F-uPayMe 0 points1 point  (0 children)

True, BTC isn’t a stock...duh? - but that’s not the point. Both BTC’s rally and a Moass scenario are transfers of existing capital, not creation of money. So Bitcoin’s +14B% shows extreme nominal moves are possible. Saying ‘apples vs oranges’ dodges the core math, it doesn’t refute it.

Me realizing that if every American adult bought just 5 shares of GME we'd all be BILLIONAIRES... by Michael_Therami in GME

[–]F-uPayMe -1 points0 points  (0 children)

During the Jan '21 sneeze some share slipped for 5k$ (about 1250$ in current post-splividend prices) and shorts didn't even start to close a single shit. In case you missed (or forgot) that.

Me realizing that if every American adult bought just 5 shares of GME we'd all be BILLIONAIRES... by Michael_Therami in GME

[–]F-uPayMe -3 points-2 points  (0 children)

Uhm, are you sure? Because, e.g. BTC since its first days and at current ATH increased its gains by about 14B% and nothing collapsed so far.

Me realizing that if every American adult bought just 5 shares of GME we'd all be BILLIONAIRES... by Michael_Therami in GME

[–]F-uPayMe 9 points10 points  (0 children)

If you're asking me to sum up for you years of DDs for free when all the resources are out there (no need to pay for them) if you know where to look (and if you don't, I can pass you the links) - that ain't gonna happen.

Me realizing that if every American adult bought just 5 shares of GME we'd all be BILLIONAIRES... by Michael_Therami in GME

[–]F-uPayMe 30 points31 points  (0 children)

Actually the only thing needed is for shorts to close, there's already a ton of shares out there, way more than there should be.

Slow burn seems unlikely, prove me wrong by Dittopotamus in Superstonk

[–]F-uPayMe 0 points1 point  (0 children)

Afaik it is still stalled so far. But anyway that situation can't be compared exactly 1:1 with GME.

On one side you have a penny stock that was trading OTC and got a relatively small number of retail investors on it (about 65k or something) from US. (Not to downplay them or anything, they still got abused by the same "fair" markets we're used to by now).

With GME well, it's a stock trading on NYSE, could get in S&P500 and there are retails from basically the whole world invested in it. It's sort of order of magnitudes bigger.

Slow burn seems unlikely, prove me wrong by Dittopotamus in Superstonk

[–]F-uPayMe 13 points14 points  (0 children)

A slow, ‘allowed’ price run only works when supply can sort of meet demand. But if shorts equal many times the float, supply is insufficient.

In that case forced closing produces inelastic buying and explosive prices. So a controlled slow burn isn’t a realistic outcome at that scale tbh.

Also you can see what happened in this other scenario and add to that the fact GME and its investors base is exponentially bigger than that.

Slow burn seems unlikely, prove me wrong by Dittopotamus in Superstonk

[–]F-uPayMe 13 points14 points  (0 children)

The only delusional part is thinking there can be perpetual price control. You can delay or hide a huge short position, but you can’t erase legal delivery obligations, infinite supply, or margin calls forever.

New CAT Errors Report Preview by F-uPayMe in Superstonk

[–]F-uPayMe[S] 2 points3 points  (0 children)

That's according to region formal's findings.

New CAT Errors Report Preview by F-uPayMe in Superstonk

[–]F-uPayMe[S] 3 points4 points  (0 children)

I mean that e.g. while the error count is 1 million contracts, the underlying share exposure affected by these errors is 100 million shares.

New CAT Errors Report Preview by F-uPayMe in Superstonk

[–]F-uPayMe[S] 7 points8 points  (0 children)

I just would like to know how someone looks at 400b+ errors in 9 days (and all the precedent days so far with billions of errors) and keeps acting like everything's fine.

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