Reddit Mob News Today

Today, especially, the “idiots at work” sign should be flying high over Capitol Hill. We are referring to the boisterous congressional hearings about who is to blame for the crash of GameStop, the alleged nefarious machinations of the hedge funds and Robinhood and the purportedly innocent victims in mom’s basement who thought call options were the greatest new video game since Grand Theft Auto IV. But among today’s silly foibles, the incessantly repeated idea that the Reddit Mob was a v...

High Times Although the magnitude startled me--the stock gained 2,500% in two weeks--GameStops (GME) surge was not otherwise remarkable. That individual investors have been in a mood since the COVID-19 shutdown has been evidenced by, among other items, the gains of Teslas stock (TSLA) and Bitcoin. Enthusiasm reigns. Broadly speaking, todays market climate resembles that of the late 1990s. Then, too, upcoming individual investors were aggressive, trading Internet stocks from accounts they had e...