Market Strength is Beginning to Rotate
Markets have a tendency to do what they can to surprise the masses. We see this occur often, particularly when we try to relate the news to market events. GameStop was an exaggerated example of this. GameStop, a brick-and-mortar shop where you can purchase physical copies of video games, is a dinosaur company. Video games are easily downloaded straight to gaming consoles today, and there is a possibility that the video game store may be the next Blockbuster. I think it is safe to assume that the masses were surprised when a flood of internet investors drove the stock price up from $4 per share in August to nearly $500 per share in late January. I think most speculators that took a position in the stock after it had already hit the news cycle were equally surprised when it did not co ...