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9 Feb, 5 tweets, 1 min read
“ITS AN OUTRAGE THEY ARENT LETTING UNSOPHISTICATED INVESTORS RECKLESSLY TRADE STOCKS.” - they said.

Welcome to how that ends for some.
Shaking my head at everyone who gave me shit when I quite literally said people were going to get hurt by the GameStop stupidity.
(Since the 1st story is behind a paywall)

When my 13-year old, 20-something barber and 20-something bartender are all telling me about the same get-rich-quick opportunity, there are gonna be some bad endings.

cbsnews.com/news/alex-kear…
For some reason, some commenters seem to think that it is incredibly important that I point out that this particular case of Robinhood recklessly allowing a 20-year old to get in over his head occurred before tens of thousands of new customers rushed to RH to bet on GameStop.
“This one drunk driver was BEFORE the bar gave out free shots to 10,000 other drivers! It’s different!”

Uh. Okay. Good correction.

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More from @TheRealHoarse

The Hoarse Whisperer Profile picture
8 Feb
Rise and shine playlist this morn:

A Monday morning twofer from the L.A. art-pop boys at Saint Hotel.

The first track: “Cold Cold Man”

1/2
The second track:

The perfect-for-the-treadmill “Move”.

Good morning.

2/2
DAMN YOU, AUTOCORRECT.

Saint Motel.

Not Saint Hotel.

Damn you, autocorrect.
Read 4 tweets
The Hoarse Whisperer Profile picture
31 Jan
I just stepped outside, sniffed the morning air and said “Feels like snow.” like I am some kind of weather savant who can just smell a storm coming.

Yesterday I said to someone “Like these jeans? They were $20.”

I’m my grandfather now. I have become my grandfather.
...or maybe I just inherited the weather savant gene and it is finally expressing itself.

I’m going to put on my new $20 genes and go celebrate by driving 40 on the highway to Dunkin Donuts.
“$20 genes” was a Freudian slip.
Read 4 tweets
The Hoarse Whisperer Profile picture
29 Jan
When I was railing against the GameStop run up yesterday, this thread was why.

I’ve seen a bunch of these in my lifetime.

When my barber, my bartender and my 13-year old all mention a get-rich-quick opportunity, people are going to get hurt.

1/
People are reducing the players here to only two archetypes: billionaires and savvy Redditors.

A few billionaires will get clobbered. But they didn’t become billionaires by exposing themselves to ruin from one equity.

The hurt isn’t going to hurt them all that much.

2/
On the Reddit side, the ringleaders were all already holding GameStop stock or were leveraged into even bigger positions via stock options.

They stood to make a fortune from the masses joining in their play. And when the masses joined, they made a killing.

3/
Read 9 tweets
The Hoarse Whisperer Profile picture
28 Jan
Adults under the age of 30 have never really seen the stock market go down.

That’s pretty wild when you think about it. The market has had a near continuous rise young people’s whole adult lives.
“Whole adult lives.”

Jeez, the snarking by people who don’t read is tedious.
The funny thing is that I posted this after having had several conversations lately with young people who are “playing the stock market” who all but laughed when I said “it’s going to go down at some point.”

They truly couldn’t imagine it after years of it only going up.
Read 4 tweets
The Hoarse Whisperer Profile picture
20 Jan
Here we goooo.

The inauguration of President Joe Biden and Vice President Kamala Harris is underway.

I'm going to just follow long and comment under this thread rather than clog your timelines. Feel free to mute this post if not interested.

HERE WE GO!

1/
As setup, I may or may not have opened a bottle of champagne after Fuckopotamus got shunted into a helicopter like a bag of wet laundry.

Okay, I did open the champagne and made myself a mimosa the size of a small child.

I regret nothing.

2/
I should also mention that I am running on about 30 hours without sleep. Staying up all night seemed like a good idea at the time.

Plus, I am shining like a new dime and it's a big day and I'm seriously into this.

So, booze and sleeplessness... I will apologize for nothing.

3/
Read 34 tweets
The Hoarse Whisperer Profile picture
16 Jan
I read up on the last several men the federal government rushed to put to death this past month.

Sister Helen is 100% right. None of the defendants would have come anywhere near a death penalty had they had money and privilege.

1/
Take the person executed last night: Dustin Higgs.

Higgs, another man and a woman were involved in the murder of two people. The trio had picked the victims up and taken them to a desolate area where they were shot.

2/
The reasons for the shooting were unclear. To make their case, prosecutors offered a deal to Higgs’ two associates: testify that Higgs had orchestrated the killing and they would be charged with lesser offenses.

So, the two did.

3/
Read 10 tweets

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