Do you think that I think that that is a good thing? Speculation is good for a lucky few and very bad for lots of people when it goes off the rails. Which is the whole point of having governing bodies regulate the market.
Are you proposing that we rein in speculation in a wider sense? Then please, sign me up! But let's not do this with mobs and all the screaming, please.
I don't think it's that simple. Of course the Gamestop situation is a unique one, but speculation is the entire point of the stock market. You can justify (and lower) the risk you take by examining fundamentals, or by investing in "safe" funds, but you are always speculating that the price will eventually go up and not down.
An example: One could argue that TSLA's current price is almost entirely speculation divorced from current fundamentals. Are you sure it will be "good for a lucky few and very bad for lots of people when it goes off the rails"? It's possible, but what should we do about that? Restrict people's ability to trade TSLA?
In the case of Gamestop, I agree with you, it will be bad for lots of people who get in late. I think more people should be informed about risk before entering the stock market, but I don't know if I agree with you that we need more government regulation in the market to do this. What would that look like?
Are you proposing that we rein in speculation in a wider sense? Then please, sign me up! But let's not do this with mobs and all the screaming, please.