It has been absolute chaos these past few weeks in the stock market. We have seen stocks like GameStop, AMC, and Koss surge, driven up by certain Reddit communities and threads. This has led to some investors making huge returns on their investments, sums that are in the billions for some; Ryan Cohen, co-founder of Chewy who owns 13% of GameStop shares, made $1.3 billion!
These events have led many of us to wonder — does the stock market accurately represent the market and its trends? Or is it just a mirage?
We are joined on this episode of The GoGedders Podcast by CJ Krawczyk, a partner at Kravit, Hovel & Krawczyk and is a securities litigator, as well as Joe Taylor, who is a professional poker player and experienced day trader, growing $30K into $250K during the pandemic through high-risk trading. They help break down how this all started, what is happening, and where we could go from here, including what restrictions might be put in place to help make sure stocks accurately reflect the value of their companies.