By Dawn Ridler
Dawn Ridler
Like most people who are watching markets, I have been watching the GameStop/Robinhood saga unfold with interest. My reaction started with Schadenfreude (delight in someone else’s misfortune) – especially as the Hedge Funds with their avaricious billionaire owners were getting shafted, but as this unfolds I am increasingly concerned about potential long-term fallout. Is this just a temporary flutter, or could it bring down this long running, frothy bull market, despite the billions central banks are pouring into the markets to stop just that from happening?
There are a couple of things you need to understand so that you can wrap your head around this issue.