“You’ve got the burden of proof here. And your copy of the WSJ from 1987 isn’t quite sufficient.“
The point of posting articles here is for people to discuss ,
And yes the system came very close to collapsing in 1987.
Read about it.
No GameStop 2021 was not an exact replica of 1987.
But the point is, there are potential risks to our financial system that are not immediately evident .
Be careful . Learn . Don’t think we know everything .
I learned a long time ago not to fool around with short squeezes and other dangerous Wall Street games. I learned that from watching the implosion of Long Term Capital, and then that of Bear Stearns, Merrill Lynch, and Lehman Brothers ten years later. All caused by people who were ohh so much more clever than little me.
Anyone who claims that 1987 didn’t almost collapse the system is just showing spectacular ignorance. Most of the comments being made about GME, silver, etc. are from those who have never done any serious high level trading, and have not a clue about the mechanisms and internals involved.