GME 5 Years Later…Lessons and Threats
Five years ago, on January 27th, 2021, the frenzied buying and speculation in Gamestop hit its apex. In this short podcast, I look back on one of the more fascinating, and dare I say, dangerous, risk events in modern day markets. The stock was subject to an outright speculative attack. But not the kind most CEOs complain about. This was not Soros taking down the British pound in 1992. This was a retail army of Reddit bandits whose buying power was nothing individually, but everything collectively. This was an attack not by a short seller, but against one. We learn a great deal about markets by studying periods when things run amuck. GME event is one of them, the most intense “stock up, vol up” episode in memory.
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Show Notes
Five years ago, on January 27th, 2021, the frenzied buying and speculation in Gamestop hit its apex. In this short podcast, I look back on one of the more fascinating, and dare I say, dangerous, risk events in modern day markets. The stock was subject to an outright speculative attack. But not the kind most CEOs complain about. This was not Soros taking down the British pound in 1992. This was a retail army of Reddit bandits whose buying power was nothing individually, but everything collectively. This was an attack not by a short seller, but against one. We learn a great deal about markets by studying periods when things run amuck. GME event is one of them, the most intense “stock up, vol up” episode in memory.
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com)