fxstreet.com 31 Jan, 2021 21:15 am

A Black Swan so soon for 2021 in Gamestop GME, a new dynamic

A Black Swan so soon for 2021 in Gamestop GME, a new dynamic
Whether you are an investor or not, you will have no doubt be aware of what started on Wall Street and spread throughout the global stock market in ne

Whether you are an investor or not, you will have no doubt been aware of what started on Wall Street and spread throughout the global stock market in new phenomena which had been a game-changer in the battle of retail investors vs the big boys."The danger, as the dot-com bubble showed, is that Mr Market can rationalize just about anything and build it into a narrative," The Wall Street Journal's Jon Sindreu wrote.Moreover, Judging by the Reddit threads and alike, there is a huge movement in the millennial generation who just want to poke a middle finger at Wall Street.For all the people that can't pay for college because the minimum wage has stagnated while wall street gets rich.

" Another member wrote that Reddit traders were part of a resistance movement of sorts: "This is not a war on billionaires, the wealthy yada-yada, but it may well be described as a resistance against injustice, inequality, rigged rules, uneven playing field etc which has been rampant on Wall Street forever.With the stock market near all-time highs, there had already been worries that a bubble was coming.

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