During 2020 the stock market was a "kangaroo market", with vertiginous and totally unexpected ups and downs. In a high volatility and liquidity context, there was an unprecedented increase in the number of retail investors, who started trading small amounts of money through zero-commission apps. Is this a new financial bubble about to burst? What role do apps like Robinhood, influencers like David Portnoy, and government stimulus checks have in this whole story? The answer is complex, but it is undeniable that something has definitely changed, and that something is access.
Autorentext
Claude Kramer is a sociologist, member of the Research Group on Digital Culture & Network Theory, he combines an academic career with contributions in the most important press media worldwide.
Inhalt
1.A Revolution in the Financial World?2.Pandemic, Quarantines and Day Trading Boom3.The Economy is the Past and the Present; Stock Market represents the Future4.The Dangerous Game of Day Trading for Everyone5.David Portnoy, the Captain of Day Traders6.Warren Buffet or Davey Day Trader; that´s the Question7.Robinhood and its Growth with Millenial Trade8.Is a New Financial Bubble being Inflated?9.The Technological Glitch that Allowed Infinite Leverage10.Government Stimulus Checks Went to a Fully Accessible Stock Market