In Search of Guidance: A highly anticipated speech by Jerome H.Our Coverage of the Investment World The decline of the stock and bond markets this year has been painful, and it remains difficult to predict what is in store for the future. A theory has taken hold that Wall Street firms, in cahoots with regulators, have created “synthetic” or fake shares of GameStop as part of an elaborate profiteering strategy - and that they must be stopped. On social media forums, they present alternative ideas about trading and vent about how the wider system is rigged against them. They appear to largely be men in their 20s and 30s. The new traders often refer to themselves as “apes” in homage to “Rise of the Planet of the Apes,” a 2011 film in which apes challenge human domination. Together, they turned investing into a mass movement that was personal, with a decidedly anti-expert, anti-Wall Street bent. Many were guided by an online community of die-hard traders determined to make money in a world they saw as being manipulated by big Wall Street firms. Stuck at home, flush with government stimulus checks, known as “stimmies,” and watching the stock market rise to nosebleed levels even as the economy teetered, millions of small investors began to take tentative steps into trading in the spring of 2020. GameStop was the coming-out party of sorts for a sweeping change in stock market investing that had been bubbling since the start of the pandemic. “The battle of good versus evil is not just limited to the walls of a church or a synagogue or a mosque,” he said.
He cast the so-called meme stock fight in moral terms. Bowen, who received his master’s degree in divinity at the Princeton Theological Seminary. “The reason I am still in this, and the reason I am willing to ride these stocks to zero, is for my fellow citizens,” said Mr.
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