Redditors' declaration of war on hedge funds might be ugly, but it won't break the system, pros say
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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 boards — continued to inflate the price of GameStop and other companies pegged by short-sellers for failure, such as AMC Entertainment and Bed Bath & Beyond.