These are the ripple effects from the GameStop squeeze

These are the ripple effects from the GameStop squeeze There's a lot of weirdness going on in the market, and it's all thanks to retail traders. Users of popular trading apps like Robinhood have banded together to buy up penny stocks to drive the prices higher.   Trading volume for stocks like GameStop has increased so much that many brokers outright banned the buying of those stocks. The move was met with intense backlash from both industry insiders and politicians. How will the fall out from this trading drama impact the market as a whole? Watch the video and find out! Watch Now Command Central This is why digital currencies rallied today We've seen some crazy stuff in the market lately Lawmakers announce hearings on Robinhood trading The trading app faces backlash after getting involved in the GameStop drama GM to change to EV only by 2035 Such a drastic change will have a major impact on the industry Money Mastery "I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful."   Warren Buffett Be prepared to invest in a down market and to "get out" in a soaring market, as per the philosophy of Warren Buffett. Buy low and sell high sounds overly simple, but it's a fundamental truth in investing. Rallies will always come back down, and slumps will always recover. That's why you need to watch the market and do your due diligence. Don't try to make up for lost time once a trend is well under way! Thanks for checking out the latest Money Authority newsletter. Stay tuned for the next edition! The Money Authority Team There is a very high degree of risk involved in trading. For our full disclaimer, visit: Here Unsubscribe   20 North Orange Avenue, Unit 1100 Orlando, Florida 32801 © 2021 The Money Authority. All Rights Reserved.