This is outright lying with statistics. The majority of traders on U.S. stock exchanges (95%+) are individual traders. They just use a clearing house that does the trading for them because it’s cheaper and faster.
This is why I don’t fuck with that. That and the memestock nonsense. I could tell you a high volume stock strike on Fridays by calculating how much corruption it took for market makers to not lose their ass. It’s all rigged and disgusting. They’ll drop a nuke on someone if their son in law can make a million.
You can’t say a statement is wrong by agreeing with it. You just said that they use clearing houses. The majority of stock ownership in the US is through mutual funds and other similar products where individuals cannot vote.
You can vote if you buy stocks themselves and not mutual funds.
I said people who buy mutual funds can’t vote you muppet.
This is outright lying with statistics. The majority of traders on U.S. stock exchanges (95%+) are individual traders. They just use a clearing house that does the trading for them because it’s cheaper and faster.
By volume, right?
95% of volume is done by individual traders?
No it’s the opposite
Surely
This is why I don’t fuck with that. That and the memestock nonsense. I could tell you a high volume stock strike on Fridays by calculating how much corruption it took for market makers to not lose their ass. It’s all rigged and disgusting. They’ll drop a nuke on someone if their son in law can make a million.
Absolutely need a source for that one. Sounds wrong on both volume of $ and volume of trades.
That’s because “[number of] traders” and “volume” are two different numbers. Volume wise it’s probably the opposite.
Yes but using number of traders is useless to look at which is why I used total volume or amount of trades both of which sounds wrong from Ops claim.
Number traders does sound accurate but it’s a worthless metric that doesn’t tell us anything because they aren’t the ones doing the trading.
Yes
Yeah, but I don’t think, that was the point of the meme. It was just about making fun of tankies.
i thought it was making fun of US capitalism where socialism is used as an invective.
Nah it wasn’t it was making fun of the concept of “Marxist Leninist Stock Exchanges” implying that its just “state capitalism”.
Btw, happy cake day.
A mutual fund buys and sells on behalf of the consumer so individuals don’t have voting rights.
Also wrong. You can vote if you buy stocks themselves and not mutual funds.
Only 21% of Americans directly own stock.
https://www.fool.com/research/how-many-americans-own-stock/?msockid=3cc1caf3010a68e612d9dc83002769e8
You can’t say a statement is wrong by agreeing with it. You just said that they use clearing houses. The majority of stock ownership in the US is through mutual funds and other similar products where individuals cannot vote.
I said people who buy mutual funds can’t vote you muppet.