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by southeastern 1963 days ago
I don't know where you got this-- I saw a lot of people who were investing not even for a profit but simply 'to be a part of a movement'. Yes I'm sure there are plenty of naive fools in the mix, it still is the stock market after all. But the complaint here isn't that a bunch of misinformed people thought they'd be millionaires-- it's that a bunch of people made a conscious decision to invest and now brokerages are manipulating the markets. Ironically some of them justify it as being BECAUSE 'retail investors don't know what they're doing'. There's a lot of condescension towards retail traders, which is weird when 12 years ago the 'smart' institutional investors and hedge funds managed to crash the global economy. Looking at the whole picture, I don't see why it's so ridiculous that people get a piece of the action when the majority are acknowledging they might not make any money at all on this