supere

A battle of ideologies

NYSE:GME   GameStop
There is little doubt in my mind now that we are approaching the market top of tops. What better wonders to throw at it than the dream of an electrical world, civilian space flights and a bunch of youngsters calling out the institutions for their corruption and initiating a war via a traditional brick and mortar gaming store?

Whatever this becomes, it may prove to the world and myself that the market is an entity of ideologies, emotions and passion, rather than logic. Thus, perhaps it is the ones who can feel, connect and ride these emotional waves who will become the best traders, rather than thinkers like myself, constantly pouring over data and fundamentals.

Will the tantrum of 8+ million youngsters be enough to overthrow the thousand year institutional regimes that may enslave them one day, just like they did to us? In a way I am vouching for them, but I still consider myself a rogue technical analyst so all i can do is draw up the possibilities. GME -> 5000 or GME -> 25.

We shall see.


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