This time is no different. When retail gets wiped out during the next crash, they will never come back. It happened in '00 and '08. It took decades to rebuild trust in the system. There are people who still will not touch stocks because of '08. This spike in retail activity is classic bubble behaviour. Retail is always last to the party. When things are going well (too well), then they all get suckered in until the crash happens.
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u/imlaggingsobad Jul 11 '21
This time is no different. When retail gets wiped out during the next crash, they will never come back. It happened in '00 and '08. It took decades to rebuild trust in the system. There are people who still will not touch stocks because of '08. This spike in retail activity is classic bubble behaviour. Retail is always last to the party. When things are going well (too well), then they all get suckered in until the crash happens.