Saturday, February 20, 2021

Finance Story

 This week, I sat and watched a 7-minute piece from public TV in Germany.....where they 'tried' to explain the Gamestop 'saga' (where it briefly rose from $19 a share....to $483 range, and then dropped (to $40 today).  

I will admit....they did bring two young investor types into the short piece to explain part of this story, but I'm guessing that from a 30-minute interview of each....they basically carved off 40 seconds of this guy and 40 seconds of the second guy.

What was generally missing?  A whole discussion over 'short-buying'.  

Why?  I couldn't really figure that angle out.  

To be blunt, you can't talk about the whole Gamestop story without a 15-minute lecture from a shorts-specialist, and explaining the dynamics of the 1929 Wall Street collapse (which heavily involved short-buying).

Did anyone watching this segment get anything of value?  The most I would suggest is that investing is risky, and if you were a German.....you should avoid stocks.  It's a silly journalistic effort but that's the reality of the situation.

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