Is The GameStop Trade Really A Political Rebellion?
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 2 February 2021
⏱️ 57 minutes
🧾️ Download transcript
Summary
The GameStop short squeeze is one of the most extraordinary events to ever happen in markets. But does it have political significance? Some are saying that it represents the manifestation of Occupy Wall Street, that it is some kind of class warfare against hedge fund elites. Or is it just an interesting trade. We discussed what this moment really means, and what its impact going forward will be, with George Pearkes of Bespoke Investment and Jill Carlson of Slow Ventures.
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| 0:00.0 | Together we have the opportunity to build a more sustainable and inclusive future. |
| 0:06.0 | At the Bloomberg New Economy Forum, we help make this possibility a reality |
| 0:11.0 | by cultivating new connections among global leaders that transcend geographies, industries |
| 0:16.3 | and ideologies. |
| 0:18.4 | Because when global leaders work together, the outcomes benefit all of us. |
| 0:23.0 | Learn more at Bloomberg New Economy.com. Hello and welcome to another episode of the Odd Lots Podcast I'm Tracy Allaway. |
| 0:45.0 | I'm Joe Wiesenthal. |
| 0:47.0 | And I'm Tracy Allaway. |
| 0:49.0 | Tracy, I can't tell whether I feel bad for you that you're in Hong Kong and missing out on US |
| 0:56.4 | trading hours these days or whether I'm really jealous of you that you're in Hong Kong and |
| 1:00.8 | missing out on US trading hours these days. |
| 1:04.0 | Feel bad for me. I feel bad for me. I would love to be in New York during like the most |
| 1:09.7 | dramatic moments of some of the recent US market action that we've seen. |
| 1:14.0 | Yeah, no, I do feel bad for you. |
| 1:15.0 | I mean, it is really fun, like I've definitely never before |
| 1:18.0 | had a whole like Bloomberg Monitor just devoted to the real time price of GameStop. So that's pretty cool. On the |
| 1:25.8 | other hand you are missing out, blessedly, just some truly awful takes about all this and every cable news channel and pundit and everything is like |
| 1:38.3 | pontificating about what all this means and I'm not I don't feel bad that you're missing that. |
| 1:43.0 | Okay, so it's true. I haven't seen a lot of what the US television channels are saying. |
| 1:50.8 | I will I will say though I'm on Twitter basically at night time in the |
| 1:56.4 | U.S. And so I get a lot of cranks and crazies around you know the hours of like |
| 2:01.6 | midnight to 4 a.m so I do see some of the |
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