Will GME Stock Surge, Reddit Change Market Psychology?
Will the rise of the Reddit trader change the stock market forever?
While no one has a crystal ball, Kenny Polcari managing partner at Kace Capital Advisors, said he expects long-term investing to continue despite the fortunes made and lost in the volatile trading of GameStop (GME) - Get GameStop Corp. Class A Report, AMC (AMC) - Get AMC Entertainment Holdings, Inc. Class A Report, Blackberry (BB) - Get BlackBerry Limited Report and more.
"I don't think it changes the argument about traditional long-term investing... about building a foundational portfolio that's going to create and generate wealth over a lifetime," Polcari said.
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