Link copied Make the most of your money by signing up to our newsletter for FREE now
SUBSCRIBE Invalid email
When you subscribe we will use the information you provide to send you these newsletters.
Sometimes they ll include recommendations for other related newsletters or services we offer.
Our Privacy Notice explains more about how we use your data, and your rights.
You can unsubscribe at any time.
GameStop, the American video game retailer, became the unexpected target for collective investor rebellion in recent weeks. In short, large institutional investors and hedge funds in recent months and years bet against GameStop s share price (known as shorting) in a bid to make a profit.
A message board destroys a top Wall Street hedge fund. You’ve surely heard about the WallStreetBets/GameStop saga by now. Many investors see it as a sign markets are headed for a crash.
In fact, Google searches for “stock market bubble” just hit the highest level ever. And a new E-Trade survey found two-thirds of investors think the market is in a bubble.
What if I told you this is the start of a megatrend that will propel disruptor stocks higher for years? As I’ll show you today, this story runs much deeper than a bunch of average Joes crushing the pros.
Dollar remains up slightly versus major rivals after ADP data (SPY +0.4%). Oil rebounds on bullish API Inventory Data.
Here is the current market situation from CNN Money
European markets are mixed today. The CAC 40 is up 1.86% while the DAX gains 0.54%. The FTSE 100 is off 0.01%.
What Is Moving the Markets
Here are the headlines moving the markets.
Naked Short Selling: The Truth Is Much Worse Than You Have Been Told There is a massive threat to our capital markets, the free market in general, and fair dealings overall. And no, its not China. Its a homegrown threat that everyone has been afraid to talk about. Until now. That fear has now turned into rage. Hordes of new retail investors are banding together to take on Wall Street. They are not willing to sit back and watch naked short sellers, funded by big banks, manipulate stocks, harm companies, and fleece shareholders. The battle that launched this week over GameStop