With the blowout Gamestop short squeeze, it’s difficult to decipher what actually matters in this madness, and what the impact will be long term.
Despite blowout corporate earnings and more solid news on the vaccine front, the stock market just posted its worst weekly performance in three months after Reddit traders squeezed Wall Street’s elite out of billions of dollars, sending prices of heavily shorted stocks up to atmospheric new highs and fueling concerns over market frothiness–but experts seem in broad agreement that the bull market can rage on.
The big question surrounding this month’s short squeeze remains around how regulators–and prosecutors–will respond to the volatility, with lawmakers urging the SEC to act quickly on investigations into potential market manipulation by retail traders, brokerages and hedge funds alike.
Read the full profile on Forbes: https://www.forbes.com/sites/jonathanponciano/2021/02/04/gamestop-meme-stocks-gme/?sh=45db16d43460
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Everything That Actually Matters About The GameStop Stock Trading Insanity | Forbes