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It's like the author doesn't know you can bet on the stock market falling. They certainly don't explain what people are actually betting on. It makes total se
by aaron695 6y ago
It's like the author doesn't know you can bet on the stock market falling.
They certainly don't explain what people are actually betting on.
It makes total sense to bet now. The incumbants are fish out of water. Their algorithms isn't built for this.
Does it make more sense to compete in a normal decade long stable market against billion dollar companies? That's stupid.
- GrumpyNl 6y agoSo it has become a casino, people are not investing, people are betting.
- JumpCrisscross 6y ago> people are not investing, people are betting These are two different ways of expressing the same thing. (Gambling versus investing, on the other hand, are different. But a “bet” can be utilitarian, i.e. not entered into for fun.)
- david-gpu 6y agoA casino bet has negative expected returns, while a long position in the stock market has positive expected returns.
- lolc 6y agoYou're saying that amateurs have an easier time adjusting to changes in stock markets than professionals. Even suggesting that people should trade short. Now why should a professional argue against that? Amateur volume is good for business.
- aaron695 6y agoMost amateurs are investing basically at random, so there is nothing to adjust. The article is talking volume not so much me. You can't sit at home and watch tv and invest without some volume. Basically they wanted a /r/WallStreetBets angle but didn't want to say the word which confused the article.