Quote:
Originally Posted by albionmoonlight
It hurts the market overall if people start to believe that the price of assets do not reflect the things underlying those assets.
It may be legal. But if it is legal, then Congress should probably pass some laws making it illegal or harder to do (consistent with the 1st Amendment, etc.)
I don't see any public benefit to the stock market getting (more of) a reputation as legalized gambling that has nothing to do with the actual economy.
|
Absolutely agree.
From what I've heard the craziness is driven by coordinated retail investors (e.g. Robinhood)? If true, I have to believe there's going to be a bunch of folks getting hurt when the house of cards come tumbling down.