So you think the stock market frenzy in GameStop is something new under the sun?
You’re not alone. Investment pundits pondering the ridiculous run-up in shares of this money-losing retailer are searching for the big picture, their fingers itching to justify typing the word “unprecedented.”
They’re dying to show they’re on to something more profound than a spin of Wall Street’s roulette wheel. Here’s Bloomberg’s John Authers:
“The people investing today are driven by righteous anger, about generational injustice, about what they see as the corruption and unfairness of the way the banks were bailed out in 2008 . and about lacerating poverty and inequality. This makes it unlike any of the speculative rallies and crashes that have preceded it.”
The welder, student and insurance broker who set up thriving Cardiff businesses under lockdown
For some the lockdown helped spur on their business ideas
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The coronavirus pandemic has made us all take stock of our lives. From how we re living to how we make a living, the virus has provoked plenty of self-reflection. And for some, it s prompted a completely different career.
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Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
What Happened: On this day in 1981, Joe Granville warned his newsletter readers to “Sell everything!”
Where The Market Was: The Dow closed at 1,004.69 and the S&P 500 traded at 138.12.
What Else Was Going On In The World: In 1981, more than 600,000 people gathered to watch Lady Diana Spencer marry Prince Charles at St. Paul’s Cathedral in London. NASA launched the Space Shuttle Columbia into space in a successful test of the stability of the first space shuttle. Average monthly rent in the U.S. was $315.
session. set on the open this morning. lower stocks in china and overseas in europe as well this morning put some downward pressure this morning on our markets. we ve come off those lows down 11 points on the dow at 13,263. the nasdaq down four points. also off the lows of 3,072. s&p 500 index down a point and a half at 1416. meanwhile away from this broader market action we re watching two stocks closely today. apple hitting a new high today. take a look at where it is. 662.55. the company has now taken the crown as the all-time market cap king on wall street. beating microsoft s previous record of 618.9 billion back in 1999. also facebook. different story there. but after falling below $19 a share earlier the stock has since rebounded. take a look at that. we re looking at the stock at now 19.86. more on these two stocks coming up in the program. we found a bull. we finally found a bull on facebook. we ll talk to him coming up in a little bit. yes, we will. is this ma