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FAIRFIELD-SUISUN, CALIFORNIA
Column: GameStop isn’t the first stock market mania, and it won’t be the last [Los Angeles Times]
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.”
FAIRFIELD-SUISUN, CALIFORNIA
Michael Hiltzik: GameStop isn’t the first stock market mania, and it won’t be the last [Los Angeles Times :: BC-HILTZIK-COLUMN-GAMESTOP:LA]
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.”
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.”
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