And its back.
Look, I think this whole GME thing is stupid: but following the price is also stupid. I guess if its your first bubble, this is exciting stuff, but these things come crashing down eventually.
Hertz is a better saga to follow, since that saga is almost done. I don't know if any news on GME has come out recently, but nothing is quite as final as bankruptcy court (in the case of Hertz).
If you look at the timescales at which stocks meme / move, its on the order of years. Decades even, in the case of Enron and literal scams like Madoff. GME isn't even a scam, its just the market doing its thing.
For Hertz, it entered meme status AFTER it started bankruptcy proceedings last year. Those proceedings are still not over yet. It just goes to show how long things take in the world of finance.
The daily ups and downs are largely noise. Try not to be distracted by them.
Look, I think this whole GME thing is stupid: but following the price is also stupid. I guess if its your first bubble, this is exciting stuff, but these things come crashing down eventually.
Hertz is a better saga to follow, since that saga is almost done. I don't know if any news on GME has come out recently, but nothing is quite as final as bankruptcy court (in the case of Hertz).
If you look at the timescales at which stocks meme / move, its on the order of years. Decades even, in the case of Enron and literal scams like Madoff. GME isn't even a scam, its just the market doing its thing.
For Hertz, it entered meme status AFTER it started bankruptcy proceedings last year. Those proceedings are still not over yet. It just goes to show how long things take in the world of finance.
The daily ups and downs are largely noise. Try not to be distracted by them.