The guys at wallstreetbets did something remarkable, breaking a hedge fund that had too much exposure with their short position on GME stock. It's a great story, and it got a lot of excited commentary. But it did not significantly affect the overall market level. There are always big factors at play, plus and minus, and the down week was not caused by the reddit sideshow.
Gladly. It's nonsense.
The guys at wallstreetbets did something remarkable, breaking a hedge fund that had too much exposure with their short position on GME stock. It's a great story, and it got a lot of excited commentary. But it did not significantly affect the overall market level. There are always big factors at play, plus and minus, and the down week was not caused by the reddit sideshow.