When the GameStop music ends, there will be big losses and finger pointing. And it is a fair argument: The markets shouldn’t just serve professionals and wealthy elites - and for far too long, the markets have been rigged against the little guy. I know because I’ve been on the receiving end of it. In truth, saying aloud that some small investors may not fully understand the risks they are taking is an invitation for scorn from an angry mob online. On the day GameStop more than doubled in price, the broader stock market recorded its biggest decline in months. It looks divorced from any sense of reality or fundamental analysis. ![]() ![]() There is a risk that this trading mania has already gone too far.
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