Ron Insana: The so-called Reddit Rebellion in markets is nothing more than rank speculation
Some people believe the Reddit gang bidding up meme stocks like AMC won’t lead to ruin for themselves and that the movement is a positive thing for investing overall.
They are claiming once again that “this time is different.” In 37 years, I have heard that terrifying refrain all too many times.
The current argument goes something like this: The legion of new, young and more aggressive stock, commodity and crypto-traders are more astute, better capitalized and better educated than their condo-flipping…
