It’s How Big Boyz Make Money

People always seem surprised when the markets get caught up in crazy gyrations, like the ones we’re experiencing.  But it’s how the big boyz make money.

And it’s quite often at our expense.

Let me explain.

Last Thursday – in an email titled Is GameStop About to GameDrop? (HERE) – we said:

“But situations like what’s going on with GME is nothing new. And we’ll go as far as saying that you should NOT get involved and if you own it GET OUT.

How’s that for blunt?

Last Thursday, GameStop traded as high as $483.

Yesterday, one week later, it closed at $53.50.

Ouch!

This is not an “I told you so” email.

And we’re not bragging here.

Well, maybe we are…kinda…sorta.

But it looks like we had a crystal ball or – like some readers said – we’re clairvoyant.

The truth is we DON’T have a crystal ball nor are we clairvoyant.

We simply rely on what experience has taught us.

And we have over 110+ years of front-line experience on Wall Street at FinancialsMatter.com.

Hmmmm!

This is starting to sound like another shameless plug for our monthly newsletter.

It is…but stay with me here.

Our knowledge of how Wall Street works “Behind the Curtain” allows us to see a situation – like GameStop – for what it really is.

And since we hate to lose money, we don’t normally get involved…especially when it involves going against the boyz in the “Club.”

It’s a no-win situation for most investors.

And it reminds me of one of my favorite sayings:

“A man with an experience is never at the mercy of a man with a theory.”

How Big Boyz Make Money

Unlike the Reddit Rebels (those with a theory), the Big Boyz have experience.

And although several hedge-fund managers may have lost billions with GameStop, there were others who made HUNDREDS OF BILLIONS during the melee.

And, as predicted, Reddit Rebels – with screen names like “Roaring Kitty,” “Deep F*ckingValue,” and  “Potato_In_My_Ass,” – are in for a big surprise.

Not only have they now lost millions, they’re going to be investigated by Congress.

And they’re being painted as some kind of financial terrorist by none other than Mad Maxine Waters.

Financial guru wannabe and Rep. (D-CA 43^rd District) Waters is chairwoman of the House Financial Services Committee.

These poor schleps have no idea what they’ve gotten themselves into.

And Mad Max will surely make a circus over those “Privileged White Boys” who terrorized the integrity of Wall Street. (COUGH! COUGH!)

Be sure to stock up on popcorn for this one.

And be sure to be on the lookout for a SPECIAL OFFERING for our readers who want to learn more about how Wall Street works “Behind the Curtain.”

Remember, It’s Not Just About Finance.

https://www.financialsmatter.com/january-2021-newsletter/

P.S.  If you have an interest in Silver, don’t miss our February issue of “…In Plain English” (HERE).

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