WallStreetBets. Last year, retail traders drove up the prices of “meme stocks” such as beleaguered video game retailer GameStop and cinema chain AMC in a co-ordinated effort to punish hedge funds shorting those equities.
In an easy money market where central banks are printing tons of money what a lot of hedge funds do is buy higher beta growth names while shorting lower beta value stocks, particularly if they feel those companies are destined to go under. ...