1/ If you've felt like stock market has been disconnected from reality for the past few days, you're not alone

this is the story of the magic bubble created by amatuer traders that broke a multibillion dollar hedge fund

2/ To understand the market right now is to understand r/WallStreetBets

it's a 2.3 million person subreddit dedicated to memes and YOLO Tesla calls that relishes in the massive swings that come with risky trades

aka heaven for the hyperactive amateur trader
3/ The other main character in this saga is GameStop

it's a mall-based retailer that is saddled with debt ($450 million as of Q4 2020) and falling sales (down 40% in last 2 years)

essentially, it's the Blockbuster of video games waiting to be eaten by a Netflix
4/ So hedge funds have been shorting it

the pros on Wall Street saw a failing business and took positions where they would profit if the stock falls

in fact, it's the single most shorted stock in the entire Stock and S&P 500
5/ One hedge fund in particular called Melvin Capital held a $55 million short position against GameStop

Melvin also held large short positions against National Beverage, iRobot, and Bed Bath & Beyond

big mistake
6/ Soon after the market opened yesterday, look what happened

GameStop: +64%
iRobot: +42%
Nat. Beverage: +26%
Bed, Bath & Beyond: +19%

Melvin got absolutely obliterated
7/ Who's behind these ridiculous swings?

r/WallStreetBets

they had seen Melvin's shorts and mobilized en masse to blow them up

and yes, it's possible for the little guy to take on a multi-billion dollar hedge fund right now
8/ Melvin got caught in a short squeeze

as traders piled into GameStop, Melvin was forced to buy shares to cut some of its losses...which only drove the price higher

and remember, GameStop is a failing business

this was just r/WallStreetBets flexing on "the establishment"
9/ And poor Melvin?

after averaging a 30% yearly return since it was founded in 2014, its DOWN 30% to start the year

it had to take in $2.75 billion in outside funding to stay afloat
10/ GameStop's crippled one hedge fund, but ain't done yet

earlier today, billionaire investor @chamath bought $115 call options meaning he thinks the stock will keep on rising

despite his slightly tongue and cheek bullishness, the stock is skyrocketing once more today
11/ It's been a wild few days, completely detached from reality

but if GameStop teaches us one thing

it's that technology has leveled the playing field

the little guy can now mobilize online and go to-to-toe—and win—against the heaviest hitters on Wall Street

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IMPORTANCE, ADVANTAGES AND CHARACTERISTICS OF BHAGWAT PURAN

It was Ved Vyas who edited the eighteen thousand shlokas of Bhagwat. This book destroys all your sins. It has twelve parts which are like kalpvraksh.

In the first skandh, the importance of Vedvyas


and characters of Pandavas are described by the dialogues between Suutji and Shaunakji. Then there is the story of Parikshit.
Next there is a Brahm Narad dialogue describing the avtaar of Bhagwan. Then the characteristics of Puraan are mentioned.

It also discusses the evolution of universe.(
https://t.co/2aK1AZSC79 )

Next is the portrayal of Vidur and his dialogue with Maitreyji. Then there is a mention of Creation of universe by Brahma and the preachings of Sankhya by Kapil Muni.


In the next section we find the portrayal of Sati, Dhruv, Pruthu, and the story of ancient King, Bahirshi.
In the next section we find the character of King Priyavrat and his sons, different types of loks in this universe, and description of Narak. ( https://t.co/gmDTkLktKS )


In the sixth part we find the portrayal of Ajaamil ( https://t.co/LdVSSNspa2 ), Daksh and the birth of Marudgans( https://t.co/tecNidVckj )

In the seventh section we find the story of Prahlad and the description of Varnashram dharma. This section is based on karma vaasna.
Rig Ved 1.36.7

To do a Namaskaar or bow before someone means that you are humble or without pride and ego. This means that we politely bow before you since you are better than me. Pranipaat(प्राणीपात) also means the same that we respect you without any vanity.

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Surrendering False pride is Namaskaar. Even in devotion or bhakti we say the same thing. We want to convey to Ishwar that we have nothing to offer but we leave all our pride and offer you ourselves without any pride in our body. You destroy all our evil karma.

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We bow before you so that you assimilate us and make us that capable. Destruction of our evils and surrender is Namaskaar. Therefore we pray same thing before and after any big rituals.

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तं घे॑मि॒त्था न॑म॒स्विन॒ उप॑ स्व॒राज॑मासते ।
होत्रा॑भिर॒ग्निं मनु॑षः॒ समिं॑धते तिति॒र्वांसो॒ अति॒ स्रिधः॑॥

Translation :

नमस्विनः - To bow.

स्वराजम् - Self illuminating.

तम् - His.

घ ईम् - Yours.

इत्था - This way.

उप - Upaasana.

आसते - To do.

स्त्रिधः - For enemies.

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अति तितिर्वांसः - To defeat fast.

मनुषः - Yajman.

होत्राभिः - In seven numbers.

अग्निम् - Agnidev.

समिन्धते - Illuminated on all sides.

Explanation : Yajmans bow(do Namaskaar) before self illuminating Agnidev by making the offerings of Havi.

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