I know everyone is having an absurd amount of fun watching this and laughing (so it seems), but I think we should be more aware of the many ways in which this is bad, which definitely includes millions of retail investors losing their money when they buy at the peak, use too much leverage, and so on.
The idea of "Don't invest what you cannot afford to lose" has gone from a mantra to an outright joke that many investors now purposefully ignore, and not everyone can end up on the right side of this at the end of the day.
This is without mentioning what type of institutional consequences we may see as a result, which I think there will be many including regulatory, but it's too hard to predict exactly what, given the mess that we're in.
Again, the memes and redditors becoming millionaires are funny and I wish everyone the best, but there will be a vastly under-reported dark side to this story as well; life cannot literally just be everyone getting free money from nowhere with no downsides.
The idea of "Don't invest what you cannot afford to lose" has gone from a mantra to an outright joke that many investors now purposefully ignore, and not everyone can end up on the right side of this at the end of the day.
This is without mentioning what type of institutional consequences we may see as a result, which I think there will be many including regulatory, but it's too hard to predict exactly what, given the mess that we're in.
Again, the memes and redditors becoming millionaires are funny and I wish everyone the best, but there will be a vastly under-reported dark side to this story as well; life cannot literally just be everyone getting free money from nowhere with no downsides.