2 ms·

> I'm seeing stories of people putting their modest life savings into GameStop stock These people were too naive to speculate in the stock market, and had they

• tom_mellior 6y ago
  Some naïve investments are sold more convincingly than others. Many people would go on saving until some huge, once-in-a-lifetime opportunity (like this one is made out to be) came along. Otherwise, if "they" collectively jumped on every opportunity, they wouldn't even have any life savings to waste on this one. Either way, the OP's point was that everyone is only playing with money they can afford to lose, and that point is false.
  • scruple 6y ago
    Should we shut down casinos, as well, then? How about state operated lotteries, are those still okay? I genuinely do not understand this "won't someone, please, think of the children?!" line of reasoning. This isn't the first short squeeze in history that led to retail winners and losers. Retail investors had a hand in the dotcom crash and the 1929 crash. Why is it only applicable to this specific short squeeze?
    • tom_mellior 6y ago
      Nobody said anything about shutting anything down.