3 ms·
"Finance pirates" Why are we all buying this narrative that it's a bunch of little guys on r/WSB driving this? As though the little guy narrative were some av
by smitty1e 6y ago
"Finance pirates"
Why are we all buying this narrative that it's a bunch of little guys on r/WSB driving this?
As though the little guy narrative were some average stock pickers who happened onto buying $MSFT back in the late '70s?
It may well be the case that a bunch of day traders on a Reddit obtained some good Intel and are stickin' it to The Man.
But that also sounds a bit too perfect.
If another hedge fund saw an opportunity to blow away some competition, and ran the strategy through a Reddit for plausible deniability, that would also work.
It's OK: the federal government will pass the damage on to the peasantry in any case.