‘It’ll end in tears.’ How many times did you hear your parents sound that warning - and how often did you actually pay attention?
The army of traders playing with fire in the GameStop stock market frenzy this week have had their warning from a plenty of those who supposedly know best.
But it’s fun, they feel a common sense of purpose, they’re giving the big boys a bloody nose, and for now they’re winning. And so the game continues?
But should it have been allowed to get this far? Should the trading platforms have tried to nip this in the bud, should watchdogs have stepped in to protect small traders involved and other investors, or in a free market should we just let people get on with stuff – even if it’s punting call options on ramped up shares?
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