Davey-you’re very dated. Time to broaden your appeal to a younger demographic if you wish to extract revenue on Citadel.
"After some detailed research, the Federal Reserve said on Monday that it is beginning to worry that the recent and unprecedented volatility in meme stocks like GameStop and AMC Entertainment are creating pockets of risk inside markets that could create real problems for the entire U.S. financial system.
Based on actual text from the Fed’s most recent financial stability report, zero-commission trading apps and investors using social media to coordinate their trades have created a weaponized “echo chamber in which retail investors find themselves communicating most frequently with others with similar interests and views.
In turn, the report found, those like-minded investors create huge waves of volatility and risk that could create real issues for the markets and the financial system in a downturn, especially with so many of these mostly younger retail investors exposing themselves to massive losses using leverage and options to execute their trades.
Retail investors were unshaken. Instead, many retail investors on social media spent Tuesday telling the Fed that using stocks to upend the existing structure of the financial system, by making hedge funds bleed, has been one of their goals all along, using the volatility to reveal what they see as widespread corruption.
After all, it’s been no secret that Reddit’s Apes would like nothing more than to see hedge funds crippled by their own actions. Many individuals also expect the end result of that destruction to be a fairer system in which the little guy can thrive.
The zero-commission trading app might not have been named in the Fed’s stability report, but its presence was felt everywhere. A close reading of the report indicates that Brainard has a lot of questions about how Robinhood has impacted the wildness of 2021 and what it could do going forward."
How otherwise will you ever achieve your dream of a London Whale? No MOASS appeal if you can't trade. Canadians have been telling you this for almost eight years.