Infotech

The Wolf of Wall Street supports amateur traders in the face of money powers



Posted on Feb 15, 2019 2021 at 15:33Updated Feb 15, 2019 2021 at 16:27

The “Wolf of Wall Street” took up the cause of the lost sheep of the markets in the face of predators of global finance. The stock marketers, who had bought GameStop shares against hedge funds betting on the fall of the stock, received unexpected support from Jordan Ross Belfort. The rise and fall of this financier have been adapted for film in Martin Scorsese’s “Wolf of Wall Street”.

In a military tone, he had encouraged amateur traders on Twitter to “Hold their positions” on GameStop during their showdown with hedge funds: “We will never give up! “. He praised the revolt of small holders against the wolves of Wall Street which are the short sellers and the hedge funds. “It is amazing and rewarding to see hedge funds suffer a bit after having roughed up small holders for so long”, he rejoiced. Trading has taken on a political dimension, he said, and individuals have become the vigilantes of the markets thanks to the power of social networks and online brokers like Robinhood. However, he doubts a definitive victory for the “Finance from below” on the major Wall Street institutions. They will keep control of the evolution of the markets.

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