Investing

The Reddit Rebellion is nothing more than rank speculation

0


Aleksandr Sumarokov / EyeEm | EyeEm | Getty Images

Some people believe the Reddit gang bidding up meme stocks like AMC won’t lead to ruin for themselves and that the movement is a positive thing for investing overall.

They are claiming once again that “this time is different.” In 37 years, I have heard that terrifying refrain all too many times.

The current argument goes something like this: The legion of new, young and more aggressive stock, commodity and crypto-traders are more astute, better capitalized and better educated than their condo-flipping counterparts in 2007 or the legion of “motley fools” who day-traded internet stocks in 1999. They’re brighter than those who participated in…



Source cnbc.com

Bill Ackman sees Universal Music SPAC deal closing later this month

Previous article

Mall favorite Fossil struggles in the era of the smartwatch

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Investing