Redditors cost hedgefunds billionsWatch
If nothing else comes out of this though, the memes have been, and i cannot put quite enough emphasis on this, spectacular. On the other hand, all of my us holdings are down thanks to the various funds liquidating everything so swings and roundabouts
(Wellerman the longest John's GameStop)
Sadly I'm sure all these Hedgies are gonna get bailed out by the Biden Admin no doubt as part of some relief package.
this won't have a long lasting impact on these funds imo. Eventually, the bubble is going to burst and the hedge funds will make a fortune when that happens. Also, they will start taking into account the impact of these reddit and retail investors into their strategies and portfolios, so they will start making a lot of money from these overinflated stocks.
Well it's also an opportunity to think about what those hedge fund people have been doing for the last few decades and whether it's really been a socially beneficial thing... . but probably an opportunity that's not going to get taken.
True, but do hedge funds really just benefit the rich. Yeah they make a lot of money, but these funds give other investors, like those who manage pension schemes, a signal on which companies are doing well and which are doing poor, thereby increasing the returns on their portfolios.
As far as low grade propaganda goes the Americans are giving the Soviets a serious run for their money (at least when the Soviets were around) for the seriously poor quality of their propaganda war. At least the Russians generally tell the truth in theirs, if with an egregious bit of spin put on it