Some of you may have heard of the subreddit known as WallStreetBets (WSB), which is basically a forum on reddit where a bunch of inexperienced twenty-somethings gamble away their meager savings by “trading” on the Robinhood platform and sharing their collapsing equity graphs, which they refer to as “loss porn.” It’s kind of a psychotic place for beginning degenerate gamblers to commiserate.
I find the site kind of amusing, and in the spirit of contribution, I offered up the same chart on their site as I did here on Slope (this is from the start of December). I titled the chart “You Are Here”:
My ulterior motive was, of course, to generate some new interest in Slope and perhaps get some newcomers to explore the site. Instead, my offering got buried in unvarnished snark (“autists”, by the way, is WSB shorthand for autistics, which is what they call one another):
I guess I don’t need to remind you what happened after my prediction.
Suffice it to say I won’t be wasting any more time on WSB. I’m going to leave a link to this post there, however, just so I can tell our young friends that I’m not going to be bothering leaving my insights for them anymore. They can just help one another lose money and laugh about their collective misfortune. Autists indeed.