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After a relatively stable few days, cannabis stocks returned to the red Thursday. The United States Marijuana Index, which tracks 15 of the largest marijuana stocks in the U.S., ended the week almost flat. The North American Marijuana Index, which also includes Canadian stocks, lost 5.6 percent... Read More... Don't Miss Any Updates! News Directly in Your Inbox Subscribe to:
Rich Barton The lights were dimmed. Soft music played in the background as Dan Levy, clad in paisley pajamas, parted his lips and tossed his head. “I need a new fantasy,” he moaned. “Are you in your 30s? You need something new,” a satin-clad woman purred in reply. “The pleasure you once got from sex now comes from looking at other people’s houses. You need Zillow.” Rich Barton’s company had made it to “Saturday Night Live,” in a skit that went viral. Acknowledging the pop culture milestone, Barton tweeted: “Wait. Have we been marketing @zillow wrong all these years???”
High Times Although the magnitude startled me--the stock gained 2,500% in two weeks--GameStop's (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 Tesla's stock (TSLA) and Bitcoin. Enthusiasm reigns. Broadly speaking, today's market climate resembles that of the late 1990s. Then, too, upcoming individual investors were aggressive, trading Internet stocks from accounts they had established within discount-brokerage firms. They also brandished their youth as a virtue, believi...
The “Big Short” Investor Isn’t Touching Bitcoin More on: Image source: Getty Images Warren Buffett isn’t the only harsh critic and basher of cryptocurrencies. Steve Eisman, the head of private investment firm Neuberger Berman, said about bitcoin, “I don’t see the purpose of it.” Eisman rose to fame through the Hollywood flick “The Big Short,” an adaptation of the book The Big Short: Inside the Doomsday Machine, authored by Michael Lewis. Actor Steve Carrell played the role of a hedge fund manager in the movie. The character was presumably based on the e...
As retail investors pump up the price of stocks that have been targeted by short sellers, some real estate firms may be at risk.