The new movie 'Dumb Money' and it's tale of triumph is just the beginning of the power that retail investors can wield to win back influence over the corporate sector in America.
Freedom Capital Markets chief global strategist Jay Woods analyzes a 'positive' retail market outlook.
When you watch the movie "Dumb Money," you realize people now have the unprecedented power to take back the corporate sector. The movie, which opened nationwide Sept. 15, ends with a clear statement: the movement to take onThe film takes its name from Wall Street’s belittling term for retail investors, who do not have the resources to analyze stocks as do institutional investors.
"Dumb Money" illustrates the attitude Wall Street adopted toward retail investors until a group of these novices flipped the script and taught hedge funds a lesson in 2021. More specifically, were out-flanked by a bunch of "wireless investors" who bought GameStop stock via commission-free trading apps and coordinated their collective efforts to take on Wall Street using social media.Such wireless investors are people who use apps such Robinhood, Webull, Public.com, Charles Schwab, or Fidelity to buy and trade their shares. They obtain most of their investing information from online sources like websites, Reddit, YouTube, X , Instagram, or TikTok.scale online.
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