Hey there, we're doing PSA Thursday part two because this is absolutely nuts.

Yesterday, Wednesday, when I recorded the PSA Thursday episode, my concern was grandma and grandpa getting in over their head losing their shirts.

I am still concerned about that as I'm recording this on Thursday at 11.30am Eastern time.

The market has been open for two hours.

In the time since the market has been open, GameStop went from 300 a share all the way up 470 a share and then cratered down to $126 a share.

Now as of the time that I'm recording this for at like 210.

So all of that's happened in the last two hours.

There's a ton of volatility going on.

It is for that reason that I am worried about individual investors, grandma, grandpa, people who don't know what they're doing,

people who have never traded a stock before, hoping betting their life savings on this, betting more than they can afford to lose.

That was the main idea of PSA Thursday part one and I stand by it.

But there's another element to this story and it is the the ugly fallout, the market manipulation from institutional investors at the expense of individual investors.

This morning Thursday morning almost every major brokerage halted trading on the most volatile stocks including GameStop, Blackberry, Bed Bath and Beyond, Nokia, AMC theaters.

We are in a situation where major trading platforms are blocking retail investors, you and me from placing trades,

while allowing hedge funds and institutional investors to drive prices. That is not a free market.

When you don't let people buy and you don't let people sell, when you literally lock people out of the game.

Yesterday I was worried that grandma and grandpa were going to make the wrong choice.

Today, at least in the first two hours of trading on Thursday, grandma and grandpa are prohibited from making a choice.

The situation went from weird to, I don't even have a word.

If I were writing, this is where I would put in a head exploding emoji.

In the last two hours, my sentiment has gone from, wow, this is such high trading volume that it broke the system.

To, wow, the system is broken.

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