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Lots of people were lead to believe that stock market is free money and they were lead to believe that short selling is taking away their free money. It’s not
by justapassenger 6y ago
Lots of people were lead to believe that stock market is free money and they were lead to believe that short selling is taking away their free money.
It’s not a war against short sellers. It’s people wanting free money, from very complex ecosystem they don’t understand.
It’s like someone after taking first class of CS101 declares a war against crashes, as they keep on breaking their great programs.
- hahahahe 6y agoGovt herded everyone to invest in stocks. Now they want to sneak out the back before rates jump.
- jorblumesea 6y agoIt's not people wanting "free money". It's people seeing the capital class, which basically gets money for producing nothing of value or substance, and saying "why not me". The entire idea of wall street looks very parasitic, despite preforming a very valuable role in our modern economy.
- justapassenger 6y agoThe same people also “invest” into Bitcoin, that’s whole existence is built around wasting electricity and producing tons of e-waste. I’m not questioning economical imbalance. But it’s really about free money, as stonks only go up.