The Biden administration is about to face a fundamental test of values within days [View all]

[Sympthsical]

The Game Stop stock story is more than just a bunch of Millennials having fun on social media to stick it to Wall Street.

Wall Street is now striking back. It is trying to prevent "retail" traders (i.e. individuals and not the hedge funds and giant institutions) from buying or selling stock because they're about to lose billions.

Hedge funds shorted Game Stop, hoping to drive it into bankruptcy and make a profit on it. Sound like Bain Capital to you? Because it is just like that.

Now, trading apps and institutions like RobinHood and Ameritrade are preventing your Average Joe from trading the stock. However, the hedge funds and institutions are allowed to trade, and they are allowed to do so after hours even (you and I could not do this).

Wall Street could not stand regular people playing their games - and winning! -so now they are trying to outright rob people by using every lever in the system to manipulate and control what happens.

Watch what the MSM says. We will know whose side they are on. If every story you see is how awful it all is that Reddit is messing with stocks, you'll have at least a hunch they aren't on your side.

But more importantly, let's see how the Biden administration and Secretary Yellen respond. There is an opportunity here to let the billionaire class who treats Wall Street as a casino twist. AOC is already calling for hearings. I have been incredibly positive on Biden's tenure so far. Everything is pretty damn good, if you ask me. So now, we're about see how they're going to handle one hell of a cranky, predatory financial class who thought we served them.

It's a test. Let's see if they pass. I have decent optimism here, but keep an eye on it. It'll mean quite a bit about what we can expect for the next four years.