The mystery of the market
The massive money moves led to breathless coverage of these names on financial and mass media, and gave me flashbacks to 1999-2000, as market pundits waved their arms over these small names. It was energizing — but it misses the point.
Last Wednesday, InvestmentNews hosted its annual market outlook webcast, titled “Money, Markets and Mystery.” The timing couldn’t have been better, because that day’s trading action brought money, markets and mystery to the fore, with GameStop Corp. shares embodying the “mystery.”
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