According to me, the Gamestop and AMC like incident is happening because of free cash provided by the US economy to its public in Pandemic.
Money is routed to market. People are taking the risk and playing it like a game. Two cheques has been dispatched till now, such incidents happened just after second relief cheque.
Just thinking, what would happen if third cheque is dispatched in coming weeks, which is the biggest one. The game might become more reckless, as people are not bothered to lose this free money
Investing fuelled by easy money is creating market distortions beyond comprehension and assessment. Stock investing has been turned into casino bets with social media fuelled frenzy aided by some gamified platforms like RobinHood.
Very insightful sir. And, as E&Y has pointed out Gamification will definitely change the market upside down, not only for millennia but for the generations coming afterwards.
the way zerodha and robinhood are changing the interface and making money market smooth probably it will turn this venture to cash cows later by better flow of cash
No one else could've captured it perfectly. Also seeing the current trend in crypto currency, pumping and dumping of coins just by mere tweets ( read Elon Musk). With the most recent example of an altcoin that was just treated as a joke appreciated in its value by over 700%. The kind of influence these billionaires have over the fluctuations is leading to unhealthy growth.
Hi Sir
I loved your thoughts.
According to me, the Gamestop and AMC like incident is happening because of free cash provided by the US economy to its public in Pandemic.
Money is routed to market. People are taking the risk and playing it like a game. Two cheques has been dispatched till now, such incidents happened just after second relief cheque.
Just thinking, what would happen if third cheque is dispatched in coming weeks, which is the biggest one. The game might become more reckless, as people are not bothered to lose this free money
Investing fuelled by easy money is creating market distortions beyond comprehension and assessment. Stock investing has been turned into casino bets with social media fuelled frenzy aided by some gamified platforms like RobinHood.
Very insightful sir. And, as E&Y has pointed out Gamification will definitely change the market upside down, not only for millennia but for the generations coming afterwards.
superb one sir
cause in the end "पैसा बोलता है".
the way zerodha and robinhood are changing the interface and making money market smooth probably it will turn this venture to cash cows later by better flow of cash
.
No one else could've captured it perfectly. Also seeing the current trend in crypto currency, pumping and dumping of coins just by mere tweets ( read Elon Musk). With the most recent example of an altcoin that was just treated as a joke appreciated in its value by over 700%. The kind of influence these billionaires have over the fluctuations is leading to unhealthy growth.