"driven by righteous anger, about generational injustice, about what they see as the corruption & unfairness of the way banks were bailed out in 2008 without having to pay legal penalties later, & about lacerating poverty and inequality" #GameStop bloomberg.com/opinion/articl…
I made this point yesterday on how the tone & language of #wallstreetbets #gamestop mirror what we have seen in politics over the last few years. Anywhere the system can be attacked, it will be. 
Those trying to analyse what is happening with #WallStreetBets #GameStop from purely markets perspective are misuderstanding the psychology at play. This bears more in common with a populist movement -- it's anti-establishment & collective against an elite.
Equities may not be the economy but are often presented as if this was the case. In a booming stock market driven by marquee stocks & celebrity investors, #wallstreetbets is the collective reply of the alienated individual against a big bad.
This is the sort of clueless journalism that's produced in an elite bubble. Whatever the long-term implications for markets, #wallstreetbets is viewed as an act of insurrection *by those participating in it*.
https://twitter.com/FTAlphaville/status/1354769391087398913
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