from WallStForMainSt
Jason talks about a number of the different factors causing US stock markets to be even more of a casino than usual. Some of these factors include professional sports gamblers with no sports to bet on moving into US stock to gamble on, Robinhood traders who don’t need their $1200 stimulus checks and want to gamble on $1 stocks with it instead of spending it on a consumer item or saving it or paying down debt.
US STOCKS-Nasdaq hits record close, confirms bull market on economic recovery hopes https://finance.yahoo.com/news/us-sto…
There Isn’t a Single Down Stock in the S&P Over Last 10 Weeks https://www.bloomberg.com/amp/news/ar…
Sports Bettors Turn To Retail Investing During Sports Hiatus https://www.si.com/johnwallstreet/spo…
Robinhood traders cash in on the market comeback that billionaire investors missed https://www.cnbc.com/amp/2020/06/09/r…
Hertz, Chesapeake Energy Leading The ‘Bankruptcy Bubble’ https://finance.yahoo.com/news/hertz-…
Retail Traders Flout Legal Logic by Buying Up Bankrupt Stocks https://www.newsmax.com/finance/stree…
The hot new thing to make your stock pop: Go bankrupt https://www.cnbc.com/2020/06/09/the-h…
Hundreds of Thousands of Tiny Buyers Swarm to Insolvency Stocks https://www.msn.com/en-us/money/marke…
The Fed helped backstop the US corporate bond market over the last few months helping US corporations raise $1 trillion in the bond market amid Fed backstop, double the pace of last year https://www.cnbc.com/2020/05/29/corpo…
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