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In reply to the discussion: Dow sinks 700 points as Delta variant fears hit Wall Street hard [View all]PoindexterOglethorpe
(25,926 posts)what happened with Gamestop was highly unusual. Highly. And anyone who was dumb enough to jump in, thinking they'd get rich quickly, does not deserve sympathy. Perhaps you were one of them which is why you're so convinced the entire market is rigged.
I doubt most Boomers will start liquidating stock portfolios on a significant basis. For one thing, most of them are (I feel safe saying this) invested in mutual funds, not so many individual stocks. For another, most stocks are held in various funds, not by individuals.
This is NOT the market of the 1920s, when a few people could actually play games with how they bought and sold stocks. After the Crash a lot of changes were put in place so that the manipulation couldn't happen that way again. Yeah, occasionally something like Gamestop happens, but rarely. Rarely.
And right now the Dow is up 543 points, meaning it's gained back most of what it lost yesterday.