What believers should know before logging onto Robinhood and taking on Wall Street.
The last time you heard about GameStop was when you went to the mall to buy video games as a teenager or for your ex teenager who now has their own teenager.
But last week, the brick-and-mortar gaming company was in the news as GameStop prices went thru the roof. This Monday they opened at $315. In contrast, Southwest airlines shares opened at $44 and Home Depot at $271.
Why? In recent months, members of the Reddit community, Wall Street Bets, have begun encouraging each other to buy up stock of the company, efforts which began in earnest after several hedge funds announced that they would be betting against the antiquated electronics franchise. One of the first storylines to emerge from this was one that pitted the upstart nerds against the greedy hedge funds. But...like most things, the reality is a bit more complicated.
Wheaton College assistant professor of economics Enoch Hill joined global media manager Morgan Lee and editorial director Ted Olsen to break down the craziness on Wall Street and offer some deeper takeaways for those trying to navigate their market and their faith in 2021.
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Quick to Listen is produced by Morgan Lee and Matt Linder
The transcript is edited by Yvonne Su and Bunmi Ishola
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