To me, how during that make sense for the point of price discovery, market efficiency? How does it make sense that less than half of it is being traded on lit exchanges? You're having about 60% of it traded off exchange. I mean, we all read the GameStop report, but beyond that, it's very obvious right now with these two stocks, AMC and GME specifically. But referencing about the feeling of feeling that it's rigged against us, I mean, I would argue that it's not really any more that tinfoil hat thing. So I don't know too much about the overlap there. I'm far more up to date on the structure of the stock market, like the actual market structure, opposed to crypto. That's, I think, just a desire of like, oh, it would be fun to have that kind of money. It's like, it's always fun, and people always- it's almost daydreaming of, like, man, imagine if I put in so much, I would be up this percent. And it's just some of these gains, and you see that a lot. With crypto, I think it's a human, I guess, desire to just- it's always exciting when you see massive gains. MATT KOHRS: So, two different things there. I mean, how are you seeing retail traders look at stocks versus crypto now? When you look at it, though, how does that maybe fuel what we've seen in people now shifting to crypto? Some people out there that say that that game is just as rigged. ![]() I mean, when we look at maybe how the views of all this have changed, too, you know, there's a lot of people who look back at the original kind of Robinhood, GameStop trading drama earlier in the year and point to that as, like, reasons to think that some of this stuff is rigged against them, at least when you're a retail trader. And it seems like we're seeing Wall Street itself shift before our eyes. It just feels like all the foundation, especially from the retail segment, it's different. And that kind of comes back to my original point. And it shows that retail's ideas and concepts of where they find value, where they don't find value, is obviously here to stay. We could talk about it later.īut we're now 11 months into this thing. And at the start of the year- and I get it, a lot of mainstream media, a lot of media in general is like, OK, this is, like, kind of a fad. MATT KOHRS: For me, I think the biggest takeaway is it really feels like the foundation of Wall Street and how stocks are interpreted, viewed, and how people make their decisions, it almost feels like it's permanently changed. I'm just wondering what you make of this whole phenomenon and where we are right now in this cycle. This is either iteration three or four for the group, even though we have smaller ones constantly getting attention. And we've seen it repeat where we have these clusters of stocks that just get a lot of attention, the prices surge. I'm just wondering because we were all here for the initial Reddit, GameStop phenomenon. And Matt, thank you for joining us here today. And guess what? We have Matt Kohrs, YouTube host, here to break it all down for us. GameStop flying high as well, along with AMC. We've seen Avis Budget Group surge 200% earlier this week. Meme stocks are perking up again this week. ![]() JARED BLIKRE: Welcome back to Yahoo Finance Live. ![]() ![]() Matt Kohrs, YouTube host and investor, shares his perspectives on the virality of cryptocurrencies and meme stocks to online communities.
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