Loading ...Many people I know that never touched stocks, have become degenerate gamblers in the past 6 months.
Some already lost most of their money, one had the audacity to ask me to lend him money (which I don’t have anyway) because “now he figured it all out and he could make 100% returns using options”.
Most Casinos in the US are closed, maybe those gamblers moved to stocks as well.
Right before the great depression you had the same thing happen. Everyone was gambling with stocks, banks were letting people trade on margin just like now.
The gamblers today don’t even care about what they invest in, all they do is look at a chart, they see at some point the stock was 70 and now its 40, they buy.