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GameStop, BlackBerry, AMC Skyrocket Higher as Stocks Drop! What A Mess!

FED WON’T PULL THE PLUG, RIGHT?

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source / The Money GPS

We can leverage our stock positions, our entire portfolio in fact, to the maximum level. We can borrow money from everyone we know, from our credit cards, cash advance places, and every other means of acquiring more capital, because the Fed has my back, right? I mean, if you truly believed what you’re doing, you would go 100% into it. You wouldn’t just invest some, you would go headfirst, risking it all. But since the Fed has removed the risk part, you’re just getting free money. Right?

 

Mania in stocks like GameStop, surging options activity suggest a market pullback is coming

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Bubble Fears Everywhere But All Investors Can Do Is Keep Buying

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BlackBerry Insiders Unload Shares Amid Biggest Rally in 21 Years – Bloomberg

https://www.bloomberg.com/news/articles/2021-01-22/blackberry-insiders-unload-shares-amid-biggest-rally-in-21-years?srnd=premium-canada

Alternative Data Show Growth Stumble on Fresh Virus Fear: Chart – Bloomberg

https://www.bloomberg.com/news/articles/2021-01-22/alternative-data-show-growth-stumble-on-fresh-virus-fear-chart?sref=RJ2RlMrh

Pandemic aftershocks overwhelm global supply lines

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Godiva is closing or selling all of its stores in the United States – CNN

Godiva is closing or selling all of its stores in the United States | CNN Business

Luxury chocolatier Godiva is getting out of the brick and mortar business.

Job losses from virus 4 times as bad as ’09 financial crisis

Job losses from virus 4 times as bad as ’09 financial crisis

A UN report says that four times as many jobs were lost last year due to the coronavirus pandemic as during the worst part of the global financial crisis in 2009.

International cooperation – World stands to witness greatest rise in inequality since record-keeping began | The Economic Times

https://economictimes.indiatimes.com/news/international/world-news/world-stands-to-witness-greatest-rise-in-inequality-since-record-keeping-began/international-cooperation/slideshow/80447788.cms

U.S. Suffers Sharpest Rise in Poverty Rate in More Than 50 Years

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Billionaires thriving as poor suffer under COVID-19: Oxfam

Billionaires thriving as poor suffer under COVID-19: Oxfam

The 10 richest men, including Amazon’s Jeff Bezos, Tesla founder Elon Musk, Microsoft’s Bill Gates and Facebook CEO Mark Zuckerberg, saw their net worth increase by $540 billion

The Office Market in San Francisco Is Even Worse Than New York’s – Bloomberg

https://www.bloomberg.com/news/articles/2021-01-22/the-office-market-in-san-francisco-is-even-worse-than-new-york-s?sref=RJ2RlMrh

Man used $2M in COVID relief for a Bentley, Tesla, Las Vegas condos: feds

Man used $2M in COVID relief for a Bentley, Tesla, Las Vegas condos: feds

A Las Vegas man allegedly stole about $2 million in federal COVID-19 relief funds meant for small businesses – all so he could buy luxury cars and homes, prosecutors said. Jorge Abramovs has …


More money moving into the stock market. Value stocks have seen more inflows and tech stocks and other growth stocks are also performing well. More money is being pumped in from all sides, creating a massive bull market that apparently will never end as we are on a permanently high plateau. Stimulus driving markets higher.


— APPENDICES —

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— The Money GPS: Hedge your bets like @mcuban ? (Instagram Jan 28, 2021)

 

— The Money GPS: Fed won’t pull the plug right? (Instagram Jan 25, 2021)
— The Money GPS: Delaying the inevitable pain. (Instagram Jan 25, 2021)
— The Money GPS: Money flooding into stocks (Instagram Jan 24, 2021)
— The Money GPS: 2 ears, 1 mouth — use in that ratio. (Instagram Jan 23, 2021)
— The Money GPS: Buy the biggest shorts? (Instagram Jan 23, 2021)
— The Money GPS: Investing legend says bad things are coming because paper printing does not create an economy. (Instagram Jan 22, 2021)
— The Money GPS: The purpose of big tech is to absorb your data. Not to provide a service and later take advantage of you. Look up In Q Tel. (Instagram Jan 21, 2021)
— The Money GPS: Moving south? (Instagram Jan 21, 2021)
— The Money GPS: Bitcoin going higher? (Instagram Jan 20, 2021)
— The Money GPS: Janet Yellen will you go “big”? (Instagram Jan 19, 2021)
— The Money GPS: Time to move? (Instagram Jan 19, 2021)
— The Money GPS: Never stop (Instagram Jan 18, 2021)
— The Money GPS: Invest in yourself first (Instagram Jan 18, 2021)
— The Money GPS: BITCOIN HITS $40,000 (Instagram Jan 7, 2021)
— The Money GPS: To get where you want to be, you have to know where you are now. (Instagram Jan 4, 2021)
— The Money GPS: Aim Higher (Instagram Dec 17, 2020)
— The Money GPS: Never lose money (Instagram Dec 16, 2020)
— The Money GPS: Master one thing before moving on. Know where you are in the cycle. (Instagram Dec 15, 2020)
— The Money GPS: Be a better investor | How to be a better investor. Window shop! (Instagram Dec 12, 2020)

— FOOTNOTES —

The Money GPS on Twitter: “Wake up to the suits and ties. They’re all lying to you. None are your friends. None wish to help you. Wolves in sheep clothing. More distractions than ever before. The magician always makes a spectacle to hide the trick. / Twitter”

Wake up to the suits and ties. They’re all lying to you. None are your friends. None wish to help you. Wolves in sheep clothing. More distractions than ever before. The magician always makes a spectacle to hide the trick.

The Money GPS on Twitter: “Powell was just asked about GameStop stock. Said he doesn’t want to comment. Yea… We know you don’t want to comment on it because you’ve created this madness. David Liesman asked a follow up, specifically asked him to talk about super low rates creating a bubble #gamestop pic.twitter.com/JF0mPhS9PY / Twitter”

Powell was just asked about GameStop stock. Said he doesn’t want to comment. Yea… We know you don’t want to comment on it because you’ve created this madness. David Liesman asked a follow up, specifically asked him to talk about super low rates creating a bubble #gamestop pic.twitter.com/JF0mPhS9PY

The Money GPS on Twitter: “Powell: “The real unemployment rate is close to 10% when you include those who have left the labor force” Money printing does not impact asset prices. Stocks and low interest rates not very correlated #gamestop pic.twitter.com/qruhSmyBZL / Twitter”

Powell: “The real unemployment rate is close to 10% when you include those who have left the labor force” Money printing does not impact asset prices. Stocks and low interest rates not very correlated #gamestop pic.twitter.com/qruhSmyBZL

The Money GPS on Twitter: “We live in a fantasy land. More money flowing in than ever before, IPO frenzy, housing skyrocketing. Euphoria never end well. The higher it goes the worse it will be. Slow and steady growth is much safer. #money #investments #debt / Twitter”

We live in a fantasy land. More money flowing in than ever before, IPO frenzy, housing skyrocketing. Euphoria never end well. The higher it goes the worse it will be. Slow and steady growth is much safer. #money #investments #debt

The Money GPS on Twitter: “IF THEY WILL FIGHT OVER PLAYSTATION…What would they do for food? #ps5 #PlayStation5 #playstation #ps5fight #walmart pic.twitter.com/hbimVKzeta / Twitter”

IF THEY WILL FIGHT OVER PLAYSTATION…What would they do for food? #ps5 #PlayStation5 #playstation #ps5fight #walmart pic.twitter.com/hbimVKzeta


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Sources Used in This Video: http://bit.ly/TheMoneyGPSSources2021


The Money GPS is the most active, most informative channel in the financial world. Day after day, breaking down the data and making it easy to understand. This channel is not here to help build a portfolio, give stock picks, or financial advice. It’s simply data that is generally not found through conventional means.

#money #finance #invest

 

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The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.

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