What happened during the Game Stop stock craze in 2020?
In: Economics
Guy does fundamental analysis on stock. Realizes lots of hedge funds have massive short positions. Retail trading picks up steam with apps like Robinhood. Era of easy money (liquid), and stimmy checks. Stock spikes briefly drawing more attention, and then it’s basically a snowball.
Few made money, and even more lost their life savings. They were all trying to follow the footsteps of the original guy, but were really clueless about the market, and learned the hard way. Expect the cycle to repeat in a few years.
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