Why is it just now that we are seeing a group get together and 'meme' a squeeze like this? Theoretically the ability to communicate as groups between intelligent retail investors has been there for years. Why hasn't something like this happened before?
Because never before has the vast majority of the world's population been forced into "lockdowns" for a year straight. What do you think those people were doing with the time they normally dedicated to work? Shitposting, reading, memeing, etc.. But they also had time to learn about things. To your average American, just saying the words "stock market" will send them into a tailspin of confusion- how does it work? What exactly is it? Most Americans don't have the time to research these things, because they were busy providing slave labor to the (((people))) who used the stock market.
But now, a handful of autists made sense of the stock market and trading in a way that a typical American can understand. And the government just handed them $600 of their own money back to them. So why not make an investment or two?
This is sort of "Occupy Wall Street 2.0", except it is actually effective and creating results besides looking ridiculous. With the OWS movement, people thought that their physical presence outside of the trading buildings, making a lot of noise and such would have an effect. It didn't. A decade or so later, those OWS folks have grown up and made some money.... and they understand things on a more mature level. This is OWS: The Revengening.
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