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Thursday, 28 January 2021

Confused about GameStop? Five things to watch to help you pretend to understand the stock market

You don’t have to be a redditer or a big investor to enjoy these Hollywood blockbusters that double as the perfect educational resource

The GameStop debacle has put the stock market on everyone’s radar this week – even those who rarely pay it any attention. Many are depicting the incident as a David-and-Goliath battle between small investors gathering on Reddit message-boards and Wall Street powerbrokers finding themselves unexpectedly on the back foot at their own game. Billions of dollars are in the balance.

Along with such major news events, though, come the instant internet experts. Let’s face it: most of us understand diddly squat about the stock market and rely on Hollywood to inform us about an industry that it portrays as a place in which, to quote from the tyrannical, fictional Gordan Gekko: “lunch is for wimps”.

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from The Guardian https://ift.tt/3t5lyxW

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