Financial Juneteenth's video: GameStop rose another 66 last night after 1 000 growth this month

GameStop is The stock that everyone is talking about on the stock market. After a Reddit group called Walll street bets deliberately inflated the stock, the stock has been growing like crazy. Last night, GameStop kept going on its meteoric rise, lifting another 66% in overnight trading. Will GameStop ever drop again? I wrote an article earlier about from an academic perspective. Here it is below: When I was in my doctoral program at Ohio State University, I remember speaking to my senior advisors about what kind of information should be moving the stock market. I once suggested that stocks could be moved in a permanent, significant way by human emotions, speculation or retail investors who could care less about what the true, fundamental value of the stock "should" be. Most comments like this would get receive a laugh. In fact, you could be kicked out of your PhD program for suggesting that something like this could be possible, meaningful or permanent. I imagine that these people aren't laughing now. After watching GameStop Stock rise over 1,000 percent in about two weeks, I look forward to seeing the research papers that come out to explain this phenonomenon. Part of this is driven by the same irrational exuberance that preceded the Great Depression and the dot com bubble of 2000. But this is different. It's different because in both of the situations mentioned above, there was no digital forum where millions of "economic troops" could get together and plan to storm the capitol. Part of me loves watching this go down. Who gives a fuck about Wall Street Hedge fund managers earning billions of dollars per year during a pandemic. As far as I'm concerned, it's poetic justice to watch their short positions be mutilated on-site. Also, any investor who isn't trapped by greed can get in and get out of the stock with enough money to buy his mom a house. I'm not mad at that. But there's another part of me that worries, for two reasons: First, someone is going to get hurt. There's clearly no way to argue that GameStop is worth more than, perhaps, $20 - $25 per share (I'm being generous here). The business model is old, dead and inefficient. So, you can compare this run on GameStop Stock to be a massive game of musical chairs, not unlike a pyramid scheme, where the suckers holding the bag are going to burn in economic hell. The other thing I worry about is that the regulators are also watching and they are coming. The democratization of investing is highly displeasing to those who care nothing for Democracy. In fact, America is NOT a Democracy, which is why your politicians are owned by the capitalists and our country's wealth gaps have become as bad as they are in many third world countries. With that said, Game on with GameStop. Be careful, because the bubble will surely pop. Millions of investors now have a power they've never known and Wall Street is afraid. But also know that change is coming and it's going to be messy, not just from the inevitable correction in our artifically inflated stock market, but also because those in power don't respond well when less empowered people get together and storm the capitol. I hope you make a trillion dollars as an investor. I really do.