Amateur Investors Made GameStop’s Stock Soar. How?
Wall Street's been in a tizzy. Last week, the gaming retailer GameStop saw a huge surge in its stock price thanks to a swarm of amateur investors. That surge vexed Wall Street hedge funds, which bet the stock would go down. So what does this populist streak of investing mean for the future of the stock market? And does it mirror what the country is seeing in politics? Chris Hughen, an associate professor of finance at the University of Denver, and Tony Cookson at CU Boulder discuss.