Couple nights ago ... one my kids texted… and asked “should I buy Gamestop?”

Exactly like the old Wall St saying… when your plumber asks what stocks you’re buying… it’s time to sell.

You’ve been hearing about Gamestop.  If you’re wondering what’s going on… think of it as the story of Robin Hood.

Young people clutching their stimulus checks … play the market.   Buy Sell Buy Sell… and in this case … they locked onto a single crummy stock… Gamestop.  A little videogame store in the mall.   hyped it up on social media… til millions were buying.  Wednesday… alone 24-billion dollars worth of Gamestop.

Robin Hood robbed from the rich to give  to the poor.  In this case… the rich are billionaire hedge funds that bet gamestop would tank.   The billionaires lost their starched white collar shirts … and it so unnerved the markets… the Dow fell 600 points Wednesday.   

Did I mention thesemerry young men with stimulus checks use an online brokerage called RobinHood.com   Even they’ve  had enough.  Robin Hood shut down trading in Gamestop on Thursday.  and the stock tanked.  

These young traders probably don’t realize how the story of Robin Hood ends.  With a bloody mess… with Robin Hood dead.  So I told my kid… if you follow the hype and buy    Gamestop… there might not be a happily ever after. 

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