Business
GameStop rally shows main street can disrupt Wall St – Sydney Morning Herald
Silenced and crunched during the global financial crisis in 2008, outsiders have finally had a direct say in Wall Street matters.
The moment was a bit like the combination of two stable compounds which become volatile upon contact with each other: the reaction was explosive. It drove the stock from around $US17 a share at the beginning of January to as high as $US483 at the end of the month. In the process, it spun off dozens of stories of small-time investors cashing in, before the stock fell back heavily.
American households have weathered a lot coming from corporate America including the 2008 global financial crisis.Credit:Bloomberg
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