When the prices go back up, those who had much, now have even more. Millions of regular folk have instead seen significant chunks of their retirement savings vanish into the vapor. It is greed, not because the professional traders have stolen the money, but because they have shoved the retirees off of the boat using fear tactics, and then they have simply taken their place. If any regrets are expressed, it would simply be “too bad, so sad.”
Indeed, the news folks play right into this game, reporting with earnest concern as the Screaming Meemies drive markets down and up and down and up. The result is the transfer of wealth from the long term interests of regular folks, to the short term gluttony of Wall Street Fat Cats. Too bad… so sad.