Wall Street. This story is part of a group of stories called Uncovering and explaining how our digital world is changing and changing us.
We don’t know where and when the GameStop story will end (though it may be ending fairly soon). But it’s easy to see the overall mania for day trading propelled by a combination of social media, easy-to-use apps like Robinhood, Covid-19 stimulus checks, and Covid-induced boredom and think of parallels to the dot-com boom a couple decades ago.
Which makes it a good time to check in with Henry Blodget.
Blodget is currently the CEO of Insider, the digital publishing company he sold to Axel Springer in 2015. (Disclosure: I worked for Blodget when he started the company and made money on that sale.) But prior to that he was best known as a very high-profile Wall Street analyst who promoted internet companies during the late 1990s; after the web 1.0 bubble burst, regulators charged Blodget with fraud, arguing that he championed st
4 ETFs For Hedging Portfolio Risk In The GameStop Marketplace
The markets have turned volatile in the past week. Here s how to protect yourself.
Author:
Jan 29, 2021
The events of this past week during the Reddit/RobinHood/GameStop/Hedge fund free-for-all are highlighting the risks that volatility brings to the table. This is obvious looking at the weekly charts for GameStop, Express, BlackBerry, AMC and others targeted by the WallStreetBets message board, but volatility risk is spreading into the broader market as well.
VIX Volatility Index
This is the chart of the VIX over most of January. It s gone from the relatively tame territory of just over 20 to the mid-30s in just a handful of trading days. That 32-34 range is where the risk of a sharper downturn in risk assets starts to rise.