Affair 194 of The Investopedia Express with Caleb Silver (July 1, 2024)
:max_bytes(150000):strip_icc():format(jpeg)/HowtheTrollsTookOverWallStreetandWhereTheyareNow-b72bba3f56fb47af9221618a25560e7c.jpg "Image of the trading floor of the New York Stock Exchange")
Bloomberg / Contributor / Getty Images / Kimberly Unblemished
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Nathaniel Popper joins The Express to talk about his latest hard-cover, “The Trolls of Wall Street: How the Outcasts and Insurgents are Hacking the Markets”, and explains the origins of the meme stock explosion, which in actuality took root during Occupy Wall Street, and made its way through online forums like 4chan where congregations of disillusioned young men found community in the stock market. Popper draws the through-line from the Great Financial Turning-point through the birth of Robinhood, Reddit, and ultimately wallstreetbets, where trolling is the language of trading. If you thought this community of dealers went away with the pandemic – think again. They are here to stay, and that could be good word for all investors.
Links for Show Notes:
- https://www.investopedia.com/terms/v/vix.asp
- https://www.ndr.com/
- https://sentimentrader.com/reports
- https://www.carsongroup.com/understandings/blog/here-comes-the-best-month-according-to-the-past-20-years/
- https://www.investopedia.com/terms/s/skew-index.asp
- https://www.investopedia.com/what-to-expect-in-the-markets-this-week-8670691
- https://www.amazon.com/Trolls-Wall-Street-Insurgents-Outcasts-ebook/dp/B09L8CSDYW
https://www.nathanielpopper.com/
Pore over the original article on Investopedia.