• IronBird@lemmy.world
    link
    fedilink
    arrow-up
    1
    ·
    edit-2
    22 days ago

    eh, it’s more so gaming algo/mindless traders than anything else at this point. the overwhelming majority of people buying in don’t do any due diligence whatsoever, they passively buy everything “to mitigate risk” or otherwise trade automatically via arbitrary algo into anything with enough volume/liquidity

    these clowns are getting absolutely milked by wallstreet/bankstreet, who make way more than the 5-10% yoy you might get on your fucking dividends.

    the stock/futures markets are all one big casino, especially the US markets…they’re why the rest of the world deals with our shizoshit every 4 years, our largely under-educated population and completely non-existent regulatory environment means we’re the perfect exit liquidity for the rich of the world.