Just when you thought the GameStop stock frenzy was over, the markets today give us a gain of nearly 104 percent in shares of the company. After hours trading is up another 83 percent to trade at $168/share. The concern of course is that this will most certainly lead to more retail and speculative traders coming into the stock in order to chase the price action. Have people not learned their lessons from last time? It was only a month ago. Many novice traders thought the stock price could only go up and wanted their hands on the shares at any price, even as the stock traded in the 300s, then 400s, per share. Then in short order, the price collapsed back to $40/share. A year ago, shares of the company were trading in the single digits.
These markets are broken and this type of action should serve as solid evidence that something is very much amiss. These types of events lend themselves for some people to attempt to take advantage of the situation by preying on the ignorance and lack of experience of others. Markets in their best and true form are supposed to be a win-win. Markets are here to provide people and businesses with the goods and services they need and want, thus benefiting the end-users that consume them, and the businesses that produce such goods or offer such services. But now, due to the asinine and reckless fiscal and monetary policies that have been implemented, people believe that money grows on trees and that stocks can only go up. This is extremely dangerous and the day of reckoning will be devastating when prices reflect the true underlying economy. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Debt #Inflation #GameStop #Bubbles #Markets #Liberty #USA #EndTheFed #bananarepublic #FireCongress #Gold #Silver #Commodities #Fraud