Need is a strong word, but... One of the jobs of financial markets is to correctly distribute capital. Moving money from people who do dumb things with it, to

Need is a strong word, but... One of the jobs of financial markets is to correctly distribute capital. Moving money from people who do dumb things with it, to people who don't, is a good thing because more capital ultimately ends up in the right place. A good thing economically over all that is. The individuals losing the capital are likely butt hurt. But they should have stuck to indexes...