The Reddit forum WallStreetBets on a smartphone arranged in Sydney, Australia, on Thursday, Jan. 28, 2021.
Brent Lewin | Bloomberg | Getty Images
What’s next for the Reddit crowd? Wall Street seems unsure.
The “blow-out-the-short-sellers game” is showing signs of exhaustion, but the ramifications are only just being felt.
What traders can’t agree on is what will happen next. There are four buckets of discussions: How will traders/hedge funds react? How will trading platforms react? How will regulators react? And what’s the next move for the “kill-the-hedge-funds” traders?
A major hedge fund losing money gets the attention of Wall Street. Wall Street does not…