Re:GameStop Is Rage Against the Financial Machine
by ds206 on Wednesday January 27, 2021 @04:38PM
(#25934341)
> Retail investors putting money into the market _at all_ is a net win for wall street _every time_ imo.
This is what I think to myself everytime I see one of those Acorn ads.
Re:GameStop Is Rage Against the Financial Machine
by freeone3000 on Wednesday January 27, 2021 @05:00PM
(#25934626)
What's the other side, though? Putting it into savings, at 0.5%? Forex?
The game is rigged against you, but you're still better off if you play.
Re:GameStop Is Rage Against the Financial Machine
by boringg on Wednesday January 27, 2021 @02:59PM
(#25933128)
Don't disagree with you - the markets are heavily balanced in favor of entrenched players who have informational, scale and timing advantages (ie wall street). I do think that there's something else at play here ... we will have to see what happens over the next couple of weeks as things shake out.
I am just pushing back at the narrative that this is a "win" for the little guy and a "loss" for wall street.
Retail investors putting money into the market _at all_ is a net win for wall street _every time_ imo.