MONEY
Outsmarting the Wall Street Hypocrites
During the past week stock traders embarked on a wild ride on Wall Street as millions of young Robinhood, Webull, and Stash (to name a few) commission-free platform traders used Reddit to manipulate stock prices to soar of otherwise worthless companies. Not only did the dying breed of pump n’ dump royalty who emerged on the stock trading floors in the 1980s suffer greatly from the historical market rally, so did the 1%.
For nearly a century, the 1% has owned 50% of stocks making it virtually impossible for common folk to accumulate massive wealth. The market has long been a tool for ruthless groups to become monstrously wealthier. Yet they have rarely been called out for it. Finally, it took a younger generation of savvier investors to beat Wall Street at their own game using available technology to make it happen.
How did this happen?
For decades Wall Street traders have bet against companies that have little value based on their own speculation. They usually bet on companies of which they speculate will flourish. However, the younger generation of stock traders utilized the “Walmart approach” while executing…
