Is WallStreetBets Good For the Universe?

Published August 17, 2021

The WallStreetBets and Meme Stock movement is the worst thing to ever happen in the world of finance… if you listen to traditional Wall Street.

Are they wrong?

Yes. They are wrong. Here’s why.

We Have a New Generation of Investors

The stock market is the greatest wealth building machine in the universe.

According to a Gallup poll, stock market participation peaked in 2004 and 2007 before declining into 2021. Meanwhile, look at the S&P 500 between 2004 and 2021:

That means a whole lot of people missed out on this:

Now, is everyone in the WallStreetBets community acting responsibly?

No.

Even we have to admit – buying AMC (AMC) is not a surefire route to a new blue Lambo:

But, why can’t people risk their money as they see fit?

WallStreetBets Exposed Wall Street Hypocrisy

The infamous halting of GameStop (GME), AMC, and Express (EXPR) exposed an ugly truth: when the big boys lose the game, they change the rules.

Hedgies LOVE the free market… until they lose in the free market.

When they say “these wallstreetbets idiots don’t know what they’re doing,” what they really mean is “I hate that these wallstreetbets idiots are making money.”

Did it make sense for GME to go to $483?

Nobody knows.

Just like we don’t know if it makes sense for Apple (AAPL) to be at $151.12 or $151.13.

No one has the power to look at a stock price and decide “that’s wrong.”

Unless of course you’re a hedge fund guy down $3 billion because you were wrong on a stock.

WallStreetBets Will Teach Lessons

We’re not stupid.

We understand some people will make a lot of money, and some will lose a lot of money.

But no matter what, lessons will be learned.

Lessons about risks in the market, and lessons about the hypocrisy of those in control.

So we believe WallStreetBets is ultimately a force for good.

Do you agree? Let us know in the comments below.

  • I only started because of wallstreetbets. Having more investors in wallstreet is a very good thing. So, yes wallstreetbets is a very good thing

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    AMC 
    $7.33  $0.5 
    GME 
    $26.39  $1.21 
    DWAC 
    $17.15  $0.05 
    PHUN 
    $1.22  $0.01 
    MARK 
    $0.3103  $0.024 
    DATS 
    $0.75  $0.01 
    PLTR 
    $8.42  $0.04 
    BBBY 
    $5.97  $0.56 
    CLF 
    $15.41  $0.06 
    DNUT 
    $12.27  $0.4 
    CRSR 
    $13.05  $0.3 
    NEGG 
    $2.43  $0.04 
    TSLA 
    $240.81  $8.63 
    NVDA 
    $132.09  $0.42 
    AMD 
    $67.94  $0.04 
    BBIG 
    $1.02  $0.0431 
    SDC 
    $1.03  $0.0494 
    GREE 
    $1.89  $0.16 
    WISH 
    $0.8601  $0.009 
    CEI 
    $0.2355  $0.0257 
    FAMI 
    $0.59  $0.012 
    AFRM 
    $20.92  $0.69 
    >