LogFAQs > #950040294

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Topic	Jon Stewart SHOOTS HARD on Wall Street
DarkRoast 01/28/21 11:59:15 PM #30:	sktgamer_13dude posted... What the hedge funds were doing hurts the integrity of the stock market. Stop blaming Reddit for what Wall Street did. Hedge funs that engage in naked short selling are inevitably going to bankrupt themselves. But that's basically the extent of the damage they do. Short squeezing, on the other hand, results in other hedge funds having to dump good stock, lowering the value of those companies and hurting everyday investors and retirement funds. You could easily argue that what Reddit did was more damaging to the market as a whole than what the hedge fund did by being colossal morons and having a 150% short sell volume in a naked manner. --- Razer Blade 15 - Core i7-9750H, 32 GB RAM (2666), RTX 2080 MQ <cite>DarkRoast posted [p:950040294] in Jon Stewar... [t:79265468]...</cite> <quote>sktgamer_13dude posted... </cite> <quote>What the hedge funds were doing hurts the integrity of the stock market. Stop blaming Reddit for what Wall Street did.</quote> Hedge funs that engage in naked short selling are inevitably going to bankrupt themselves. But that's basically the extent of the damage they do. Short squeezing, on the other hand, results in other hedge funds having to dump good stock, lowering the value of those companies and hurting everyday investors and retirement funds. You could easily argue that what Reddit did was more damaging to the market as a whole than what the hedge fund did by being colossal morons and having a 150% short sell volume in a naked manner. --- Razer Blade 15 - Core i7-9750H, 32 GB RAM (2666), RTX 2080 MQ</quote> ... Copied to Clipboard!
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