4 ms·
This: there's definitely misinformation going on both sides (both on wsb and the media). You can't really trust anyone in a full-fledged war, and I think this i
by lasagnaphil 6y ago
This: there's definitely misinformation going on both sides (both on wsb and the media). You can't really trust anyone in a full-fledged war, and I think this is one of those situations. For those who didn't put money on this, let's wait and see how it goes.
Although the truth is, retail traders are incredibly disadvantaged due to immense informational asymmetry. Hedge funds probably have access to all the data they want (for example, Citadel having access to Robinhood trade flow), but ordinary people have to first wade through all the misleading information both on mainstream media and on social media, so it's a pretty hard fight. But regardless of the results, I think there would be much more distrust towards financial institutions and mainstream media overall due to this event, and this would be only the beginning of 2021.