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I wonder if memers have started prepping new content for the inevitable: billions of dollars in losses to the everyday joes who are the last ones out (aka 
) on the way back down to some semblance of fundamental value.
) on the way back down to some semblance of fundamental value.
Hot takes from late night (Corden, Colbert) only seem to glorify this because they see a story that sounds good: Hedge Funds shorts lose and the little guy gains. They don't understand the second order effects to any of this.
Everyday investors learn to use derivatives and treat investing like a craps table. Beyond losses from HF's, billions more in winners and losers are exchanged based on who timed the frenzy best. Likely there are many who lose, to the benefit of few who win.
Another chapter in the ongoing arc: underappreciating true risk, short term focus, attention on perception instead of fundamentals. Things we're flippant about in a bubble and then all pretend were obvious after the crash.
