Whenever retail punters go near stock markets, they lose money.

[dmedin]

Retail investors are inherently stupid.  They should avoid the stock market for the same reason they avoid performing advanced medical procedures on their family members.  I.e., leave it to the professionals.

 

Quote

 

Increased savings, stimulus checks from the government, and ultra-low interest rates due to the coronavirus pandemic have led to a flood of money into the markets from punters, leading to chaotic trades via mobile phone apps.

A little-known Chinese online real estate company’s American depositary shares (ADSs) jumped as much as 1,250% on Tuesday before closing 400% higher. The reason cited widely on social media was a part of its name, FANGDD Network (DUO.O).

...

At least three London-based traders said the surge was down to “Robinhood” traders - Robinhood is a popular stock trading app that greets visitors to its website with the motto “It’s Time to Do Money.”

https://www.reuters.com/article/us-health-coronavirus-retail-trading-ana-idUSKBN23H2QM?taid=5ee11c2e68fa860001afddb5&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

 

 

The London traders went on to scoff (off the record) at these punters, who they described as 'f^cking mugs', 'muppets' and 'pigs getting slaughtered'.

Then they all had drinks and engaged in macho banter.

Edited June 10, 2020 by dmedin