Ok fuck you guys
Today at 8:30 CPI dropped. Algos read it, the 1Y literally ticked down because it was in line, and the market collectively decided not to give a shit
EXCEPT – you assholes couldn’t shut the fuck up about Intel and Micron and Sandisk instead of just winning quietly, so when they were all red in premarket (BEFORE THE CPI PRINT), the journalists naturally ignored trying to find the actual reason for this and took to their gay bear cuck chairs instead. The FUD machine started. Literally even WSB started filling up with "inflation fears" posts from CNBC
But tell me what about the CPI actually said that we didn’t already know – if we were gonna rocket for a month at oil being at $100 already, why the fuck would we sell off after getting a print confirming oil is at $100. Thank you I can read
The truth is that a South Korean “policy adviser” named Kim Yong-beom posted on FACEBOOK about a hypothetical “AI tax” on Korean memory chipmakers. He tanked his own stock market within seconds of posting. Meanwhile his own party walked it back explicitly calling it “personal opinion”, and the opposition demanded him fired. AKA this was the Korean equivalent of “tariff on, tariff off”. KOSPI went from ATH to -5% in about 30 minutes before reversing to close at -2.3%.
Did literally any news station report this?
Obviously not. Every headline today: “Stocks fall on hot CPI” “Markets reprice rate hikes” “Inflation fears spark hawkish Fed fears”
A 5 second Google or clanker search would show you the 1Y bond moved by 2bps. AKA no one gave a shit. It’s like when the PayPal tards get horny over a 0.7% increase and say “WE’RE SO BACK” while SNDK goes 5000% in 1Y. But of course the market didn't care, Micron opened red and then it stayed red because every single person read the headlines and collectively decided "yes, fuck wallstreetbets, this shit cannot be real, the AMD millionaires are fake" and sold off all our positions in sync. I can't even blame them.
I am now 200 shares poorer in Micron than I would have been if we didn’t crash 10% for no fucking reason before doing a V because I got margin called.
Can't you regards just win quietly instead of posting millionaire screenshots?
Top South Korea Policymaker Floats Paying All Citizens a Share of AI Profits – Bloomberg
EDIT: To the guy who thinks 200 shares was my entire position. Fuck you
And yes my broker sold off the 200 at $708
We literally tanked over a Korean facebook post btw
byu/Prongs007 inwallstreetbets
Posted by Prongs007
38 Comments
Shiet you’ve really got this all mapped out.
Where does Kevin Lee fit in to all this though?
Thank christ, my puts are safu
We crashed due the post or maybe due to the CPI. You don’t know.
Damn. Now I want another red day Thursday
I was explicitly googling for this information this morning but couldn’t find it. Thanks!
So does this mean mu will resume its pump
This post is hilarious, facts.
You sound angry
>Took their gay bear cuck chairs
OP is a poet
kospi tanked hard last night, way before cpi, let alone market open.
If you’re levered enough that a 10% drop gets you margin called you have no one to blame but yourself.
Tldr regard mad the market did what market does
PayPal tards get horny over a 0.7% increase and say “WE’RE SO BACK” 🤣🤣🤪🤪🤪🤪🙈🙈🙈
Imagine the absolute chaos if the Korean dude would have posted on Reddit instead of Facebook.
You’re 1000% correct about this but also no crying in the casino.
A thousand ways to point to Sunday,
Salt is strong with this one
This was a great read, and a good rant.
Trump gonna nuke Korea now
When you’re at all time highs the market just needs an excuse to sell off sometimes, not much else to it need a drop so we can cool and push higher.
So Micron +20% tomorrow? Got it.
There’s like inflation everywhere because oil. All the oil infrastructure is bombed. The supplies are getting low. Do the fucking math dipshit.
MU was down 11% at one point but only finished down 3.6%. So if you got knocked out in the dip I see the anger.
You can make your money back by getting a job
mad cus it hit your stop loss? confused.
>I am now 200 shares poorer in Micron than I would have been if we didn’t crash 10% for no fucking reason before doing a V because I got margin called.
Then why did you pick up the call? Just hang up
Can’t even say this is a Wendy’s because they’re going tits up.
Just go to the back of the dumpster bro.
How much money did Yong-beom Mango make by buying puts the night before and then switching to calls after his statement?
Dude is a minor leaguer but already hitting at a pro level.
That Korean brother held puts
I attribute it more to the idiot saying he wants to attack Iran again. The last time they did that the Korean markets had historic daily drops and lost like 30% of their value for a month. They get most their fuel through the strait so…
Bond auction was today at 1pm. It wasn’t a dumpster fire so we bought back up. Facebook post?
Did any news station report it? Yes, Bloomberg did.
Uh the entire market being down doesn’t mean the markets decided not to give a shit. The 10y didn’t magically go up because of that guys FB post
You levered up after an massive run up and you come here to blame wsb.
Okay but do you really think we won’t keep going down further? LMAOOO
The market is propped up by lies on truth social. Korea has nothing to do with it. But most Americans don’t know if Korea is over C’s, sees or seas according to magoo. Fyi.
Hang on wait a minute I just realized the REAL ISSUE:
Does your broker not give you any time to settle margin calls????
Ah yes. Over leverage and gets stopped out at the bottom. Classic. Should’ve just gone options for leverage. No risk of getting margin called.