![]() The intense speculative behavior among retail investors is unnerving many on Wall Street as mounting losses by hedge funds could spill over to other areas of the market. The retail crowd is not just taking over the shorts and it's taking over the headlines." "It is a pack of traders and the pack is gaining momentum. "This is gaining cult-like status," said Quincy Krosby, chief market strategist at Prudential Financial. These passionate investors often call out short sellers in the chat room in colorful language and unpleasant internet memes. ![]() ![]() Many enthusiastic Reddit users have been posting screenshots of their brokerage accounts, some of which touting astronomical returns north of 1,000% in a handful of days. "You combine the power of technology, which allows you through Reddit postings to magnify your individual impact, with some use of leverage and very targeted bets, they can have a significant influence, particularly on areas of vulnerability because of the short positions," Paulsen said. "Retail investors with the help of technology acting as a union in attacking is a new phenomenon," said Jim Paulsen, chief investment strategist at the Leuthold Group. Personal Loans for 670 Credit Score or Lower ![]() Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |