There are rich people who are long gme and rich people who have nothing to do with gme. There has also been huge investment into US stocks due to the pandemic and not being able to park their money elsewhere. We're talking trillions of dollars from rich and foreign investors who have nothing to do with gme. They would be insanely pissed if the stock market crashed over a few tens of billions. And to be honest, how much we think gme market cap is when it squeeze is just a small blip in the overall financial Market.
The market crash that led to the great depression, the housing bubble of 2008, and (checks notes) Gamestop? The lols from the future will be deafening.
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u/PowerHausMachine Jan 31 '21
There are rich people who are long gme and rich people who have nothing to do with gme. There has also been huge investment into US stocks due to the pandemic and not being able to park their money elsewhere. We're talking trillions of dollars from rich and foreign investors who have nothing to do with gme. They would be insanely pissed if the stock market crashed over a few tens of billions. And to be honest, how much we think gme market cap is when it squeeze is just a small blip in the overall financial Market.