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Redditors' declaration of war on hedge funds might be ugly, but it won't break the system, pros say Read full article January 29, 2021, 4:22 PM·3 min read A wild week on Wall Street ended in much the way it had begun, with day traders pouring money into a handful of troubled stocks as the broader market churned with volatility over vaccine worries, corporate earnings and short-sellers scrambling to regain their footing. Retail investors — many newly minted, their exposure to the market facilitated by apps like Robinhood and their education limited to the raucous hive mind of Reddit message...

Attention on wall street. day traders at home in this pandemic on inexpensive apps taking on giant wall street hedge funds who have bet against struggling companies. many of those investors at home investing in those struggling companies, forcing the hedge funds to then pay up for shorting the companies. here's abc's chief business correspondent rebecca jarvis tonight. >> reporter: tonight, the new york attorney general is investigating after a multibillion dollar bubble on wall street burst. it all started as a raging tug of war between a group of young stock enthusiasts who bought shares in ...

and last updated 2021-01-27 18:35:35-05 BUFFALO, N.Y. (WKBW) — “I don’t look at this as investing. I look at this as gambling. This is the same as going to the casino and putting all your money on red and hoping that it hits," 27-year-old investor Hayden Vogal said. "They can make the money today, They can make the money tomorrow. But the next day, it can just crash and they can lose everything.” What Vogal is talking about day-trading. A form of investing popular among many millennials. “You are buying a stock on momentum which means you are thinking it will possibl...

(Bloomberg) -- India’s day traders are strapping in for the GameStop Corp. ride that’s taken equity markets by storm.The videogame retailer was among the five most-traded names over the past week on Stockal, a platform for Indian retail investors to trade U.S. equities. GameStop accounted for about 15% of all trades on the platform, Sitashwa Srivastava, co-founder and co-chief executive officer said in an interview.“We were not expecting Indians would be on Reddit, reading about GameStop,” Srivastava said. Unlike many of their options-heavy WallStreetBets counterpar...

Volatile it is, yet it's the president who was blamed. >> this whole strategy is looking chaotic and incoherent, pretty directionless. the only americans that i can think of that could have been happy with this sort of on again-off again tariff action of the last several days are maybe the day traders, i don't know. it doesn't help our consumers, it doesn't help our farmers, it doesn't get us closer to a deal with china. and from the chinese point of view, they're looking at the trump administration's inconsistency. one of the things we're taught as trade negotiators is don't ever let the othe...