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Is The Market At Euphoria Stage Now?
By SG Young Investment  •  February 2, 2021
The stock market is going through some crazy ride in the past few weeks. I'm seeing lots of new investors entering the market to make as much money as they can for fear of losing out. When I look through Facebook, I can see some friends who have not invested before coming into the markets and showing how much money they have made through stock trading. Just yesterday, the Straits Times reported a NUS undergraduate who accumulated $100,000 gains through the hot stock, GameStop, by investing only $20,000. These are signs that the market is going through a Euphoria stage. With social media and the internet, information spreads very fast where people will follow news and get into the market without researching much into a company's fundamentals. This was seen from GameStop where the stock price rose from about $18 at the end of December 2020 to $347 at the peak in Jan 2021...
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By SG Young Investment
I'm in my late 20s now and living in a small island city called Singapore. I started this blog in June 2013. My background is in Engineering. Later on, I went on to pursue a degree and graduated with a Bachelor of Economics ...
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