Stock Market Bubble Searches Peak as GameStop (GME) Share Price Surges 600% in Days

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2020 turned out to be one of the S&P’s best performing years despite the pandemic. It seems the overall bullish trend in the past year is luring more investors and traders to the stock market. Data shows that searches for “stock market bubble” are peaking as the most recent frenzy with GameStop stock rages on.

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The raging pandemic saw millions of people losing their lives and jobs. These should have been more than enough to trigger a looming bear market, but in what appeared to be a twist of fate, the stock market continued to thrive.

This is how the S&P 500’s chart looks like:

S&P 500 Chart. Source: TradingView

The effect of the pandemic was evident in other financial markets, as federal reserves were forced to print more fiat for COVID-19 relief programs. The United States printed almost 20% of existing USD during the peak period of the pandemic. This raised concerns of inflation, causing traders and investors to favor bitcoin and other inflation-resistant assets.

It’s not just the S&P 500 that’s booming. Other major indices are also seeing tremendous growths, as well as public companies such as Tesla having their stocks skyrocket.

2021 So Far Keeps Trend Intact

This year, up until now, doesn’t seem any different. Major indices continue to print new highs as different stocks keep on surging. However, this has also sparked concerns of bubbly market conditions.

Data from Google Trends shows an exponential increase in stock market search results. The keyword “stock market bubble” appears to have risen to its highest point in the past five years.

Stock Market Bubble Searches on Google Trends.

Existing investors and new market entrants have their eyes firmly set on the tech scene as a result of last year’s increase. With giants like Facebook, Apple and Microsoft set to release their quarterly earnings this week, it is already looking like another field-year for tech stocks. According to Wedbush analyst, Dan Ives, the biggest challenge for investors remains to discover the tech niche that will perform well.

“The big question and debate among investors is around which tech secular themes will continue to play out in the field over the coming year. In our opinion, despite the historic run we have seen in tech stocks over the past year, there is significant room to run higher as the transformational growth stories in cloud, cyber security, and 5G are just starting to play out in the field.” Ives wrote in a note.

But that’s not all.

GameStop (GME) Frenzy Takes Stock Soaring

As CryptoPotato reported earlier today, GameStop (GME) stock has been surging as a result of retail-oriented investors taking bets against Wall Street short positions. The case of GME has gone viral, with major accounts talking about it. At the time of this writing, GME stock is trading at $294 during pre-market hours. On January 21st, the stock cost $43. This marks an increase of about 600% in a few days.

Elon Musk also made sure to reflect this.

The entire cryptocurrency community seems to have its sights set on the stock, and major accounts are commenting on the frenzy. The popular exchange FTX even had it listed on its platform.

It appears that the saga might come to an end, though, as Meliv Capital closed out of its position according to CNBC.

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Free Bitcoins: FreeBitcoin | BonusBitcoin

Coins Kaufen: Bitcoin.deAnycoinDirektCoinbaseCoinMama (mit Kreditkarte)Paxfull

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