finance • 3 years ago

How Wall Street is making money off WSB nerds and meme stocks (CW: Ableist Slur)

financethrowaway [comrade/them] to

finance • 3 years ago

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Before you continue to YouTube

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Barclay's developed two strategies using speculation on volatility to make money of meme stocks and retail traders.

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Bunhead [none/use name]
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3 years ago
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“I have, which will surprise you not a little, been speculating - partly in American funds, but more especially in English stocks, which are springing up like mushrooms this year (in furtherance of every imaginable and unimaginable joint stock enterprise), are forced up to quite an unreasonable level and then, for the most part, collapse. In this way, I have made over £400 and, now that the complexity of the political situation affords greater scope, I shall begin all over again. It’s a type of operation that makes demands on one’s time, and it’s worth while running some risk in order to relieve the enemy of his money.”

Karl Marx

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