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The internet has exploded this week with the drama unfolding between Wall Street hedge funds and Reddit users over the GameStop action.
A short squeeze, which is a rapid increase in a share’s price due primarily to technical market factors rather than underlying fundamentals, resulted in a 500% increase in the game retailer’s share price over several weeks, reaching an all – an intraday high of nearly $ 500 as of Jan. 28, causing heavy losses for short sellers. The rush for these positions only increased the price. Part of this effect has been attributed to the fact that small investors have organized themselves within the Reddit r / wallstreetbets community, some aimed at causing as much financial damage as possible to large financial institutions. According to CNNTesla CEO Elon Musk appeared to join the pile-on with a tweet that skyrocketed GameStop’s shares. His comment in a nutshell – “Gamestonk !!” – was all it took to cheer on the popular Reddit page that sparked most of the hype around the stock. Gamsetop is now valued at $ 33.7 billion, more than many companies in the S&P 500.
Sounds confusing? Yeah, we think so too. Luckily, Margot Robbie can break it down. While many people were trying to get through the complexity of the situation, some found help by reviewing The big court. Starring Steve Carrell, Brad Pitt and Ryan Gosling, the 2015 film is made up of three separate but simultaneous stories, loosely linked by their actions in the years leading up to the 2007 housing market crash. The bio-comedy-drama, which won an Oscar for Best-Suited Screenplay, is known for the unconventional techniques she uses to explain financial instruments that break the fourth wall to explain concepts such as subprime mortgages and secured debt securities like meta-reference.
In one particularly memorable scene, Robbie makes an appearance explaining why these new mortgage bonds were so sought after, why things started to go wrong, and the definition of “shorting” and subprime loans. Speaking directly to the public, the Aussie beauty breaks those terms down to their simplest for all of confronting her tub with a glass of champagne in hand.
‘Shout at the movie, The big court, because maybe that’s the only reason this whole GameStop stuff makes sense to me. a Twitter user shared. You all wanna laugh at me for collecting so many DVDs but I found The runs for $ 5 recently and watched it 3 times last week so I actually figured out what was going on today. “
Another Twitter user who took a poll to see if others know how short selling works simply replied: The big court and Margot Robbie in a tub explained it to me.
And Margot saves the day!
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