LogFAQs > #962081987

Gamestop and AMC were always dying. Their market is going away.
Which is a shame for the former. I like having Gamestop for a physical store that's dedicated to games. If they were replaced by the smaller chains they gobbled up then fine, but we know that's not going to happen.

That being said...

mrduckbear posted...

On the WallStreetsBets forum that was the centre of the Gamestop Saga saw bearish sentiment take hold ahead of the Federal Reserve policy meeting this week with interest rates set to rise with riskier assets with long-deferred payouts have lost their luster in a brutal sell off

This is a bunch of bull shit.

EVERY FUCKING TIME the Fed has a meeting to discuss finally raising interest rates, the stock market conveniently takes a dip, a bunch of rich people fake-cry about it, and the Fed decides "the market is too unstable to shift our monetary policy at this time"

It's gone on like clockwork multiple times a year for nearly a decade now.
It's such a fucking crock of shit!
The Fed will never raise interest rates back to pre-2008 levels or even close to them ever again, because that would help regular people and hurt Wall Street. And the Federal Reserve exists to assist the latter and stomp the shit out of the former.

"Oh noes, the market is down and the Fed's gonna raise interest rates tomorrow!" Yeah, if only... Sure hasn't gotten old, hearing that.