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A comment on Reddit's Stock Threads Become a Must-Read on Wall Street. Parent comment

Re:Reddit's Stock Threads Become a Must-Read on Wall Street by lordgrenville on Sunday October 11, 2020 @11:32AM (#24746450)
Matt Levine calls this the "bored market hypothesis": people are investing purely for fun, in significant enough numbers to actually move the market.
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Re:Reddit's Stock Threads Become a Must-Read on Wall Street by whimsicalism on Sunday October 11, 2020 @02:02PM (#24747713)
Eh. If retail investors are investing in the same direction "just for fun" then the real institutional investors will just short their bet.
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Re:Reddit's Stock Threads Become a Must-Read on Wall Street by lordgrenville on Sunday October 11, 2020 @02:59PM (#24748137)
Unless the market can remain bored longer than institutional investors can remain solvent...
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Re:Reddit's Stock Threads Become a Must-Read on Wall Street by whimsicalism on Sunday October 11, 2020 @03:14PM (#24748241)
> Unless the market can remain bored longer than institutional investors can remain solvent...

Don't let nit-picky facts like that institutional investors control substantially more capital than retail investors get in the way of a good narrative.

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Re:Reddit's Stock Threads Become a Must-Read on Wall Street by dralley on Sunday October 11, 2020 @08:52PM (#24750454)
Tell that to all of the institutional investors that have lost money shorting Tesla.

No, there is no good reason for Tesla to be valued the way it is - but there is no shortage of people willing to buy it without putting too much thought into the price, either.

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Re:Reddit's Stock Threads Become a Must-Read on Wall Street by marketgod on Sunday October 11, 2020 @09:22PM (#24750603)
Tons of good reasons. My model says $TSLA should be $1,000 a share and is undervalued. It should be there for March and even earlier. $5,000 in a decade.
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Re:Reddit's Stock Threads Become a Must-Read on Wall Street by apexalpha on Monday October 12, 2020 @02:52AM (#24752045)
haha, are you on the wrong site?
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