If you are conversant with Wall Street, you will know that Hedge funds are the biggest boys on the street as they have large money to pull the market. They determine the outcome of a stock instead of making money by predicting outcomes. They determine the market price and trend as they have access to huge amount of money. They can determine which company will go bankrupt next with their power. They have access to billionaire and millionaire investors funds and can determine the day a company will declare a page 13 bankruptcy because they have access to PR people, Private investigators, while they make money over the loss of the companies.
They collaborate in forums and in persons where they decide on their next moves and thanks to the $3T available in their purse, they can move the market at will and they provide market liquidity while making billions in profit depending on the move they make and anytime there is a loss as a result of people pulling out their funds because of a major crisis like the Covid-19 pandemic and the 2008 crisis, they always get a bailout from the government.
They have an advantage over the common man with respect to money, influence and money but this was going to change in 2021. As usual, someone will always rebel and a guy Jaime Rogozinski in January 2012 and decided to launch the Wall Street Bet on Reddit. With Robin Hood, people could now trade on their own free and easily including margin trading and futures contract.
In 2020, a guy called deep fucking value talked about a stock Game Stop (GME) having a good profit but down in price of stocks due to shorting by hedge funds but then, the regular guys on wall street bet started to buy and long. People like Elon Musk tweeted about Game Stop and then the stock rose well. I could say this could be a fight against hedge funds that have been shorting Tesla.
The truth is, the people who trade in retail have proven that they can determine the market if they work in mass instead of allowing the hedge funds profit over the loss of a company.