4 ms·

A stonk is a stock that moves with no regard to the intrinsic value of the underlying business The government's monetary policy, along with widespread retail c

A stonk is a stock that moves with no regard to the intrinsic value of the underlying business The government's monetary policy, along with widespread retail call option trading, have turned certain "hot" parts of the stock market into stonks, prices rising parabolically or exponentially, making gamblers very rich Behold: https://www.reddit.com/r/wallstreetbets/ https://www.reddit.com/r/wallstreetbets/ Low interest rates have recently produced extreme asset price inflation (e.g., record stock market prices) despite suffering in the real economy The wealth gap is widening in an unprecedented way

peter_d_sherman 6y ago
Example: Gamestop (GME)... Or "Gamestonk" <g> -- as Elon Musk so eloquently tweeted... https://twitter.com/elonmusk/status/1354174279894642703 https://twitter.com/elonmusk/status/1354174279894642703 https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=GME&insttype=Stock https://bigcharts.marketwatch.com/quickchart/quickchart.asp?... "A rising tide (of monetary policy) lifts all boats, er, stocks, er, stonks..." Related: "And I heard a voice in the midst of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not harm the oil and the wine.” " -Bible, New King James Version, Revelation 6:6 https://biblehub.com/revelation/6-6.htm https://biblehub.com/revelation/6-6.htm https://www.bibleref.com/Revelation/6/Revelation-6-6.html https://www.bibleref.com/Revelation/6/Revelation-6-6.html