I agree with Yang's assessment on the FOMO vs, FOLM (Fear of losing Money), although I dont think its only in China, I think its worldwide, and the stories like the GME "new millionarie" who rised up to 40+M with his GME shares, is inspiring other persons to also want to "hit the jackpot" with little to no effort...(not that the person who raked that money didnt do any efforts) and I say this last part, because most retail traders are not investing time in really analyzing the markets, stocks, etc, they are only using "market influencer" perceptions or opinions, and/or moving with a larger community to what everyone is mentioning.

It also show the need, which is global, to belong something bigger or larger than themselves, and the internet provides such communities.

Anyway thats my 2 cents...

thanks