Other drivers of Meme stocksThe U.S. government flooded the nation with cash during the pandemic. Many young people took this cash not needed and traded it in the stock market and cryptocurrencies. This excess cash supported the higher stock prices and fueled further investment speculation. Retail investors (ordinary folk) were flush in cash because they had cut their spending while maintaining their income. In addition, some had received $1,200 checks courtesy of the Cares ...
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FINANCIAL LITERACY , INVESTMENTS
WHAT DROVE GAMESTOP STOCK PRICE TO IRRATIONAL LEVELS? {IS IT TOO LATE FOR YOU TO GET IN?}
Shorting is, in my opinion, gambling. If you want to short GameStop or other heavily shorted companies, recognize you may lose 100% of your savings, investments, house, clothes! I strongly advise you to consult a fiduciary financial professional. A majority, if not all, will tell you HELL NO!
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