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This is an interesting question to ask, regardless of GME. The Robinhood app may have caused an 'eternal September' for the market. The difference is that peop
by sombremesa 6y ago
This is an interesting question to ask, regardless of GME. The Robinhood app may have caused an 'eternal September' for the market.
The difference is that people don't have an infinite appetite for losing money, and people are on aggregate losing money as one does when trading with a short term mindset. So I would say that we will eventually leave the meme stock bubble, but it's anyone's guess as to when.
- bagacrap 6y agoI think by this logic, casinos wouldn't exist.
- SXX 6y agoCasinos are highly regulated business with games having constant and verified return rate. E.g if you make 1,000,000 of $1 bets on slots in registered and regulated online casino then you'll actually retain 95-98% of the money. People who are addicted to gambling and risk aren't there to bet $1 so they lose everything much faster. It's can be different for offline gambling where people go to play once in a month, but online companies related to gambling work hard to avoid burning people out too fast. After all they want sustainable income which come from audience that trust them. Stock market on ther side doesn't have anything like this and it's can make people go broke much faster than casinos do.