"Only once a bubble has popped can we be sure that it was even there at all," he said. financial editor for the Financial Times last month, well before GameStop had agitated trading, in a video report titled "Are we in a stock market bubble?" "One of the tricky things about asset bubbles is that they cannot be conclusively identified while they still exist," said Robert Armstrong, the U.S. The CBC's blow-by-blow reporting on the story has repeatedly been among the most-read stories on our site.Įven before the hoopla around GameStop, commentators at credible financial publications such as the Wall Street Journal, the Financial Times and Bloomberg, plus the business sections of Canadian newspapers such as the Report on Business and the Financial Post, seemed nervous about the state of the markets.įinancial sector aghast the poors are gaming system designed to be gamed by the rich#GameStop #stonks whether triggered by a new cohort of amateurs using their phones to trade the same way they've learned to call an Uber, or just a flood of traditional money looking for an alternative to low rates on GICs and bonds, many credible analysts have expressed the view that asset markets may be in a bubble. ![]() But last week, coverage of the strange case of rebel traders, coordinated on Reddit, sticking it to the man by bidding up shares such as video game retailer GameStop and Waterloo-based Blackberry seemed to strike a chord with the broader public. Many Canadians don't keep a close eye on the business pages. The latest market turmoil caused by a battle between iconoclastic amateur traders and Wall Street traditionalists adds to a growing, recent tone of caution in pro-business publications that usually prefer to be upbeat. ![]() ![]() As if following the latest COVID-19 news while trying to work from a household full of children wasn't enough, now the financial press is reminding us to worry about a stock market bubble.
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