In the short term, most stocks movements are random, or at the very least triggered by things outside of an average investor's knowledge.
In the long term, a rising or falling tide move all boats.
When stocks are going up, everyone thinks they are a stock-market genius. When they go down, they think they got "unlucky". That is a classic gambler mentality.
Yes, Gamestop did catch a hedge fund in a short squeeze, which funnelled billions to long traders. But a lot of average people are going to be holding the bag when things reverse.
In the long term, a rising or falling tide move all boats.
When stocks are going up, everyone thinks they are a stock-market genius. When they go down, they think they got "unlucky". That is a classic gambler mentality.
Yes, Gamestop did catch a hedge fund in a short squeeze, which funnelled billions to long traders. But a lot of average people are going to be holding the bag when things reverse.