[jermaustin1]

I feel like something broke during COVID. My only thought is people want their money to make money (I mean, I know I do), and apps like Robinhood normalized speculation and gambling as "saving your money" and "stocks always go up."

We've had an unprecedentedly long period of growth that a lot of the younger "investors" have known nothing but. So this will be their first real bubble burst.

My little brother-in-law is only 27, he was too young to really remember 2007-10, and he started gable-vesting during lockdown, and when you turn $10 into $120 on some meme stock, you feel like you are up, even though the 50 other bets lost money.

Basically when enough people know nothing other than "stonks go up" and "apes strong together" you can keep pumping, but eventually the dump comes for all of us.

[JKCalhoun]

I'd be surprised if the Robinhood brigade was having a global effect. And COVID seems to be everyone's go-to for, well, everything.

I suspect this is just The Cycle. The one that has happened time and time again in the last 100+ years.