Soon these managers will send letters to their clients blaming the market for their misfortunes and say 'now we will be careful about crowded shorts' lmao. A bit late to learn that the sky is blue
I only use stockcharts and do not even pay attention to news. The only time I even consult the news is when my stocks skyrocket unexpectedly. Airlines have been having a hard time for atleast, 6 months now.
Boeing is different. Its max 8 still sucks. I still wouldn't travel on one unless they told me they redesigned their engines to fit under their wings which when they were not is what is the root cause of all the problems. Any other workaround is just not safe enough for me. I am not having Boeing to make $$ at the expense of my life.
How are the Reddit users feeling? They are feeling elated. They feel that they are invincible. And they feel they have the Midas Touch where everything they touch will be changed into gold. They feel very powerful and smart compare with the multi-million dollar hedge fund managers. What if Gamestop continues to go up? They will buy some more thinking that there is such a huge herd using Reddit. What if Gamestop collapses? They will buy some more thinking that it is dirt cheap. History always repeats itself. Soon they will learn that trading is very difficult and involves lots of hard work rather than looking at Reddit for guidance.