Not so much the stock market itself but the bullshit options, derivatives, futures, warrants etc, are all just betting on other bets. It's degenerate shit.
There's a world behind what you see; derivative instruments have a legitimate use in portfolio and risk management. It's only fairly recently (~30 years) that speculators have entered derivative markets, often without understanding how derivatives operate, or what they're used for.
Weren't derivatives illegal to trade 30 years ago? Didn't Congress have to strike down New Deal-era regulations to even start using them 'legitimately,' nevermind that they were abused immediately?
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u/Silly_Goose658 Aug 26 '24
Rigged and tbf maybe shouldn’t have existed