Quote:
Originally Posted by Monahammer
There's this weird "cult of personality" thing happening with random stocks now. GME, PLTR, SNDL, etc... I have no idea where it's going to go long term. The democratization of the market should be a good thing, but I have residual fear that a singular event will be capable of swaying a good chunk of retail market sentiment, and that this "mob" could be led purposely ruin something or otherwise flail madly out of control. All these bubbles popping up everywhere at once.
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Bubbles keep popping up because greed is running the show right now, fueled with stimulus money. People see stocks jumping, and their friends making money, and they want in. More money pours in. More bubbles pop up... more greed... more money...
It is exactly like 1999.
And it will continue until it doesn't.
Everyone thinks they are brilliant while the market is going up. It takes a crash to remind people that they are in fact not brilliant, they were just riding a wave.
In the meantime, enjoy!