/lit/ - Literature

>>17390163
Books won't help you understand this. Economists have spent the past 4 decades being BTFO by behavioural psychologists of all people (Daniel Kahneman for instance - Thinking fast and slow, pretty good if you can spot the dodgy bits), and now retail traders. Previously economics often assumed rational actors, nothing that happened with GME could be predicted through "rational" indicators. Economics books probably won't explain algorithmic trading that bases it's data heavily on sentiment analysis, but that's what's up and coming for the market.

In the future we'll see even more of this cynical ideology that Zizek talks about within the realm of retail traders - knowing exactly what and why you're doing something, but nonetheless embracing that negative cause. In this case, retail traders suggest that their actions are a rebellion against a financial services industry that seeks to fuck them over. And so knowing this, they do not change their behaviour, but embrace it more strongly, engaging in the same desperate hunt for money as the hedgies. The future will see retail investors becoming more ingrained in the system - opening their own hedge funds, WSB mutual funds, activist investors, etc. Grim times, dunning-kruger wagies that don't know what a stop loss is are trying to short GME, them and the bulls will have both gotten fucked within 3 days