WallStreetBets Across The World: The Past, The Present, And The Future

This situation has led many retail traders to get as angry (if not more) with the market, as the WSB is with Wall Street. However, due to the limited capital available people left with no hope for repeating the WSB story. Even though, many have raised the possibility of repeating WSB in Russia across Russian forums (such as here: Сила SMART-LAB). Due to that, recently Russians started turning to the Western markets with the hope of joining the Western movements (sorry China, but Russians hardly can register in WeChat, apart from language barriers, that’s why they don’t try to join rallies in Chinese stocks :)

However, the WSB gave great hope to Russian traders, and with that in mind, all people in Russia will remember WSB, and will clearly expect any kind of whale or local “Robinhood” (not the broker one) who would direct them and help to repeat the American history.

Final Thoughts

WallStreetBets was clearly neither the first one, neither the last one to benefit from market inefficiencies created by the “mainstream” institutions. However, WSB and the success due to the group of “average Joe” in taking down the financial giants inspired many others across different parts of the world. While some of them will try to do that sooner rather than later, others will take their time to accumulate the required capital and wait for the market-wide sign. But what is clear, WallStreetBets is a global symbolic phenomenon that marked that Wall Street is not alone in the room, and as they call them in Russia – “hamsters” (to describe noob retail investors) actually have the ability to kill the whales.

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