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GameStop saga squeezes stock gains of the rich


GameStop saga squeezes stock gains of the rich
By WILLIAM HENNELLY in New York |
China Daily Global |
Updated: 2021-02-03 09:01
 
GameStop stock graph is seen in front of the company s logo in this illustration taken Feb 2, 2021. [Photo/Agencies]
Individual-institution standoff is somewhat reminiscent of the 2008 great recession
The stock market frenzy over GameStop cooled on Monday, with the video game retailer s shares dropping more than 30 percent, as the action shifted to the silver market.
An effort to drive up the price of silver succeeded on Monday, but it was much more muted than the GameStop activity, namely because the price of commodities is more difficult to manipulate. ....

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