BREAKDOWN: Is This the End of the Reddit Retail Investor Dream?
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 2 February 2021
⏱️ 20 minutes
🧾️ Download transcript
Summary
As GME plummets and traditional financial media turns its attention elsewhere, where does the retail trading insurgency go from here?
This episode is sponsored by Nexo.io.
WallStreetBets is having a rough day. Its stocks are crashing. Champions from as recently as last week are selling out. More brokerage apps are turning off buying.
In this episode, NLW explores what it means for this set of assets and the larger shift in power from institutional to retail investors.
He argues, ultimately, that over the last year retail traders of the type led by WSB have established themselves as too powerful a force for the market to simply turn away from now.
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Image credit: Brent Lewin/Bloomberg via Getty Images
Intro song credit: https://www.reddit.com/r/wallstreetbets/comments/l0dfrp/the_tendieman_lyrics_and_video_by_uquigonshin
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Transcript
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| 0:00.0 | There once was a stock that put to see the name of the stock was GME. |
| 0:05.0 | The price blew up and the shorts dipped down, Hold my bully boys hole. |
| 0:10.0 | Soon may the Tendie Man come to send a rocket into the sun. |
| 0:15.0 | One day when the trading is done, we'll take our gains and go. |
| 0:20.0 | Before the news had hit the market |
| 0:22.9 | Wall Street bets came up and bought it with diamond hands they knew they'd profit |
| 0:27.9 | if they could only hold soon may the tending man come to send a rocket into the |
| 0:34.9 | sun one day when the trading is done we'll take our gains and go. |
| 0:40.3 | As far as I've heard, the fight's still on, the shorts not squeeze, and the gain's not one. |
| 0:45.3 | The tanyman makes his regular call to encourage the captain crew and all. |
| 0:50.3 | Soon may the tending man come to send our rocket into the sun. |
| 0:55.8 | One day when the trading is done, we'll take our gains and go. |
| 1:00.5 | Soon may the tending man come to send our rocket into the sun. |
| 1:05.7 | One day when the trading is done, we'll take our gains and go. |
| 1:14.3 | Welcome back to The Breakdown with me, NLW. |
| 1:18.5 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 1:25.3 | The breakdown is sponsored by nexo.io and produced and distributed by CoinDesk. |
| 1:31.9 | What's going on, guys? It is Tuesday, February 2nd, and that song that you just heard was called |
| 1:37.6 | The Tendi Man. It is a sea shanty, obviously, and it was posted on Wall Street Betts two weeks ago |
| 1:44.0 | by user Quigon Shin. |
| 1:46.4 | The lyrics feel particularly pertinent today. |
| 1:50.2 | As far as I've heard, the fight's still on, the shorts not squeezed and the gains not won. |
... |
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