To distract from the horrors around us, we turned to the digital world for entertainment and companionship.
We were trapped in our homes, wiping down groceries and slowly watching case numbers rise. Retail traders piled into the market, and traditional metrics for determining value got thrown for a loop. But during the pandemic, these institutional powers lost control of the narrative.
Wall Street has been playing it fast and loose with the concept of value since the financial crisis, increasingly selling unbelievable stories that have resulted in epic failures ( see: WeWork). The stock market is a game of perception in which participants collectively craft a story about what has value. These conditions are ripe for Wall Street's biggest players - with all their stuffiness and number crunching - to strike back. COVID-19's stranglehold will loosen, (some) workers will return to their offices, and interest rates will rise as the world's central banks try to cool down economies heating up with activity. Companies that told a fancy story about future growth saw their stocks soar as bullish investors rolled their eyes at traditional metrics for valuing companies and bought promises, not profits.īut if all goes right in 2022, that will change.
13 ERMA VS 9 EMA STOCK MARKET REDDIT FREE
Very strange.ĭuring the pandemic, equity markets were invaded by Reddit traders and YouTube influencers who collectively picked meme stocks to "send to the moon." The use of free trading platforms, like Robinhood, brought tens of thousands of armchair Bud Foxes into the fold. The stock market of the past two years has been strange. Paid non-client promotion: In some cases, we receive a commission from our partners. Our experts answer readers' investing questions and write unbiased product reviews ( here's how we assess investing products). Account icon An icon in the shape of a person's head and shoulders.
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