OMGAWD......THE DOW IS UP 600 points......

[jmbar2]

11. This event is worrisome to me.

Roughly 10 million Robinhooders, and others from other platforms bought into a pyramid scheme. Now they are going to lose their shirts because that's how pyramid schemes work.

Reading some of the posts, a lot were using borrowed money - buying on margin, school loans, their savings accounts. When the dust clears, we will have 10 million broke-ass, pissed off young bagholders.

The brokerages are facing a real dilemma - do you try to slow down the stampede for the exit to get as many out alive as possible, or do you just step back and watch them trample each other to death? I think that's what's behind all the restrictions.

This is a very worrisome event from many angles. Judging by the posts from this crowd, they are ripe for radicalization. I hope that smart influencers will come along soon and explain to them why it didn't make sense, and help them to recover from this debacle.

Start with Tulip Mania.

https://en.wikipedia.org/wiki/Tulip_mania#:~:text=Tulip%20mania%20(Dutch%3A%20tulpenmanie),dramatically%20collapsed%20in%20February%201637.