682 - Stock Lesson 101: WHAT happened to The GameStop Short-Squeeze and WHY?

The James Altucher Show

James Altucher

Society & Culture, Talk Radio, Writer, Philosophy, Comedy, Chess, How To, Entrepreneurship, Jay, James, The James Altucher Show, Altucher, Author, Jay Yow, Education, Jay The Engineer, Business, James Altucher

4.6 • 2.7K Ratings

🗓️ 29 January 2021

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the past few weeks, GameStop and Hedge Fund have been dominating the news! You kept seeing the investing terms like "shorting the stocks" and "short squeeze". What really is actually going on? What does that mean? How does all that works? In this episode, I broke down what's really going on in the stock market? What does it mean to cryptocurrencies like Bitcoin and so on? If you like this episode, tweet at me @jaltucher I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast. Thanks so much for listening! If you like this episode, please subscribe to “The James Altucher Show” and rate and review wherever you get your podcasts: Apple Podcasts Stitcher iHeart Radio Spotify Follow me on Social Media: YouTube Twitter Facebook Linkedin

Transcript

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0:00.0	This isn't your average business podcast and he's not your average host.
0:06.8	This is the James Altiger Show.
0:12.8	Today on the James Altiger Show.
0:16.6	What is going on with GameStop and AMC?
0:20.0	What is going on?
0:21.0	Is this something that's never happened before?
0:23.6	And even if you're not interested in Wall Street or trading, this is a very important
0:28.4	story to follow for reasons other than stocks.
0:31.9	This affects all of Wall Street, all of business, even all of Washington DC, it affects companies
0:39.2	and guess what?
0:40.4	It also affects Bitcoin.
0:43.0	But what is going on?
0:45.1	I explain exactly what is happening.
0:47.8	But more importantly, and I haven't seen really many places do this, I explain why this
0:52.0	is happening and why it's a bigger picture from a societal perspective.
1:10.7	Let's talk about GameStopstock.
1:12.9	I almost never talk about stocks on this podcast, but this is a weird event that has a lot
1:21.4	of implications, even outside of the stock market.
1:25.1	Even has implications on Bitcoin.
1:27.1	I haven't talked a lot about Bitcoin because it's been making its move.
1:32.6	GameStop went up 200 points today, I'm out of 134%.
1:37.9	I don't know too much about the company, I've shopped it once or twice with my kids.
	...

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