My initial view is that WSB's didn't beat Wall Street because they forced HF's to take some huge losses and continue to do so. That is normal for the casino.

What they actually did was potentially bigger...
They almost broke the plumbing and may well still do, and could bring it all down.

It is potentially bigger than the "hot-takes" narrative and a lot depends on next week.
Still formulating thoughts on what actually has transpired, away from the pitchforks and yelling. It was BIG.

Will talk about this and the impacts tomorrow on RV. I won't have all the answers or even all the questions but I know how to join the potential risk dots...
You can follow @RaoulGMI.
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