“While short term it is amusing...long term it will crash the markets”
Could be. Think of the billions in long positions these hedge funds are forced to sell just to cover the margin calls.
An unknown is how much will the fed step in to buy and thus support the longs and keep the crash from becoming a nightmare for everyone. Unless they want a repeat of Lehman Brothers, they better not wait too long to signal such intentions.
Looks like for the near future cash will again be king.
Note to self - sell all your long positions in your Ira.
The people who blame Redditors and WSB for market corrections also blame Trump for ‘inciting insurrection in DC’.
Blame the results of corrupotocrat schemes on the little guy.