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It's just frustrating to see otherwise reasonable people start tossing out crazy conspiracy theories about the Day of the Short Squeeze when GME will go to infi
by SpicyLemonZest 6y ago
It's just frustrating to see otherwise reasonable people start tossing out crazy conspiracy theories about the Day of the Short Squeeze when GME will go to infinity and we'll take all the hedge funds' money. I can't even escape from it by staying off social media, because a quarter of my friends are in on it. I'm a lot less troubled than I was the first time around because there doesn't seem to be any severe systemic risk, but I still really wish I could figure out how to convince people to knock it off.
- dragontamer 6y agoFor most people, this is a gambling thing. For them, its not much different than spending $100 or $500 on blackjack and slots. Its entertainment to them. Sure, some of us are trying to do work (aka: properly price things, determine which companies deserve our money, etc. etc.), and these events are distracting... But if its just a bubble, I don't think there's much harm in letting it run its course. Let them gamble, as long as no sharks swim by to illegally try to extract money from their fun. Of course, if someone in particular you know has a gambling problem (and might lose their life savings), that's a different story.
- SpicyLemonZest 6y agoYeah, I agree with all of that - it doesn't seem like there's any huge number of people putting their life savings into it. I'm just vaguely annoyed by gambling in general and don't like when I have to hear about it all the time.
- capableweb 6y agoMaybe rather than seeing GME as a crazy event that even made your "reasonable" friends non-reasonable, could it be that you thought they were more reasonable than they actually were?