GameStop Stock Frenzy Explained
DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing
Bleav + Quint Tatro & Daniel Czulno, CFP® a passionate look at everything money from budgeting, savings, investing, stocks, bonds, debt. For those that enjoy Dave Ramsey, Jill On Money, Smart Money, BiggerPockets it’s worth a listen!
4.6 • 858 Ratings
🗓️ 29 January 2021
⏱️ 26 minutes
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| 0:00.0 | Hey there, this is Daniel. Thanks for listening to DIY Money. Now, if you haven't already, be sure to give us a five-star review so your friends know that this is a show that they can learn from. Follow us on Instagram at DIY.money. Now, enjoy this episode. |
| 0:21.9 | Welcome back, ladies and gentlemen, you're listening to another edition of DIY money. |
| 0:25.7 | We're getting right into it today. |
| 0:26.8 | We got no business to do all the nonsense. |
| 0:30.9 | Blah, blah, blah. |
| 0:31.5 | We'll get coffee. |
| 0:33.7 | Coffee. |
| 0:33.8 | This is a special DIY money. |
| 0:38.2 | It's been a very long time, I think, episode one through eight, we just came on and just rambled a little bit. |
| 0:44.5 | And then we got the inspiration, probably, it probably felt like that, to do the questions. |
| 0:49.2 | But today we're going to take a break from questions. |
| 0:51.9 | And I think it's very important to address what is happening |
| 0:55.7 | out there in the environment from our perspective. |
| 0:58.4 | And I need all of you to stop what you're doing and listen. You, I'm sure, are reading a lot. |
| 1:06.0 | You are hearing from your friends. You're getting phone calls maybe. You're calling others |
| 1:09.8 | about what's happening in stocks like GameStop, AMC, Blackberry, what's the other one, Koss, let's see this morning, it's, I think, United Air, American Airlines, they're even targeting silver now. |
| 1:26.1 | So what's happening, unless you've been living under a rock, |
| 1:29.5 | and started with GameStop, is a concentrated effort. |
| 1:33.8 | I'm just going to say what it is, and then we'll break it down. |
| 1:36.1 | A concentrated effort to create a unbelievable short squeeze, |
| 1:43.0 | resulting in a dramatic increase in price. |
| 1:48.6 | So, Daniel, break that down a little bit from the CFP perspective, talk about, you know, what exactly is happening. |
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