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There's certainly something to be said about "civilian" stock trading tools like Robinhood, right? Stock prices pumped by hype because the barrier of entry is s
by nexuist 6y ago
There's certainly something to be said about "civilian" stock trading tools like Robinhood, right? Stock prices pumped by hype because the barrier of entry is so low that collective masses of uninformed people who don't care about fundamentals can effectively overpower major firms and "experts" through social media (i.e. wallstreetbets).
Which is not to say that this is bad, just different from the pre-2008 environment. Stocks used to be for the educated elite; now anyone with a cell phone and a bank account can participate.
- harryh 6y agoAnyone with a bank account and a regular phone could participate in the stock market starting in the early 80s with Charles Schwab. Robinhood has maybe 20B in AUM. That's a drop in the bucket for a US stock market worth something like 30T.