As cinema-goers flock to see Hollywood’s take on the GameStop saga, the infamous Reddit stock frenzy that led to a bunch of retail-trading Davids toppling hedge fund Goliaths, what are the chances of Europe witnessing a similar market event?
Depicted entertainingly enough in Dumb Money, the hysteria was driven by WallStreetBets bloggers pumping up the price of little-known GameStop, which put a short squeeze on hedge fund Melvin Capital. But one can't help but think of the phrase "only in America" when this type of market scenario occurs. Away from the glitz and glamour of the big screen, the US has a very different stock market structure to Europe. GameStop frenzy reinforces need for quality in US stocks Sure, European interest in retail investing has risen in recent times. Retail trading was roughly 3% in Europe, up...
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