Hedge Fund expected to make Billions from the shorts. Small investors stand to make tens of thousands each holding them to the fire. It's a chance to pocket some cash, and the lols.
Honestly, it warms me cockles knowing there's at least some politics involved in the wide view, intended or not.
A lot of people never understood why wall street was so overwhelmingly Never-Trump and donated so heavily to democrats and RINOs during his term. They're predominantly in New York and the tri-state area and a bunch of rich liberals are still liberals, for one. Another is that Trump stabilized the stock market with an upward trajectory in a growth economy. All of this is great for small business, most big business, and average investors. Great for the country. It's really bad for hedge funds. They need volitility in the markets and they weren't paying lobbyists in DC because they just didn't like Trump.
So, basically, a bunch of nerds on reddit are hitting a bunch of rich charlatans who funded democrats and RINOs against Trump for 4 years in the shorts and it's great to see.
Hedge Fund expected to make Billions from the shorts. Small investors stand to make tens of thousands each holding them to the fire. It's a chance to pocket some cash, and the lols.
Honestly, it warms me cockles knowing there's at least some politics involved in the wide view, intended or not.
A lot of people never understood why wall street was so overwhelmingly Never-Trump and donated so heavily to democrats and RINOs during his term. They're predominantly in New York and the tri-state area and a bunch of rich liberals are still liberals, for one. Another is that Trump stabilized the stock market with an upward trajectory in a growth economy. All of this is great for small business, most big business, and average investors. Great for the country. It's really bad for hedge funds. They need volitility in the markets and they weren't paying lobbyists in DC because they just didn't like Trump.
So, basically, a bunch of nerds on reddit are hitting a bunch of rich charlatans who funded democrats and RINOs against Trump for 4 years in the shorts and it's great to see.