Lessons from last week -Gamestop the poster child
Congrats to those who held tight and did not join the sell off.
Market participants are concerned that if GameStop shares carry on with their meteoric rise in such a volatile fashion, it could force hedge funds who short the stock to sell other securities in order to raise cash or even be a sign of a larger bubble set to burst and hit retail investors.
Stocks rose on Today, the first session of February, as Wall Street appeared to shake off concerns about a speculative retail trading mania that largely drove the market’s worst weekly sell-off since October.
The Dow Jones Industrial Average gained 300 points, led by Intel and Goldman Sachs. The S&P 500 climbed 1.7% as all 11 sectors traded in the green, while the Nasdaq Composite jumped 2.6%.
GameStop, the brick-and-mortar video game retailer that has been the center of attention on Wall Street, fell as much as 34% and trading was halted briefly.
Let us see what happens with Silver the new frenzy?
Although some people believe it’s not yet over.
What your thoughts? Is the markest rebound a dead cat bounce?