What kind of stocks have you invested in? Even with the recent downturn my portfolio’s been ok.
WearFaceShieldsAtLeast
wuhanpatrioticpneumonia
If you’re okay losing money than yes you’re ok. But fundamentally there is no way the price is staying this high. Gamestop is a shit company that’s dying.
Source? ‘Cuz the closest I’ve found is that countries temporarily banned it during a recession. And your other point is ridiculous. Are seatbelts bad because they don’t work 100% of the time?
It’s the stock market. Not a place where the little guy wins in general. Not if you dislike the rich also winning.
For now. At the end though average joe will be the ultimate loser like always unfortunately.
A leveraged buyout is what killed Toys R Us if I’m remembering right.
Toys R Us was killed by a leveraged buyout made by it’s own board. Stock prices would’ve had no affect on that.
Depending on how long one’s been investing, even while retiring in a recession they likely still have more money than they put in.
Rather annoyed that clicking the ‘reply’ that people saved in my notifications does basically nothing. This a kinja problem or just me?
I disagree. Because short-selling is so much riskier those that do generally take a lot more time and effort in choosing their positions. If shorting becomes illegal I don’t see much getting in the way of everything becoming a bubble.
Now that news media are all over this the last to join in (and probably the ones left holding the bag) will be the averages joes who hear a stock is soaring and buy in.
This rise is essentially Gamestop’s entire market cap. That is crazy.
A mob of randos that pumped in 20 billion into Gamestop?
And with this explosion of media attention there will probably be quite a few jumping on the bandwagon that have no idea what they're doing.
I’d argue though that this isn’t entirely new.
*Wall Street media
I bought Blackberry last year because I thought $5 a share was kinda low. Kinda enjoying the spillover from GameStop at the moment.
This. GameStop has a market cap of 23 billion. To raise the stock price by multiples there has to be serious cash involved.
Good thing it can't be, so nothing is actually being said.