OpinionViewpoints

Did the Kitty Roar?

GameStop shares shot up on May 13–14, then started to decline. Did it have anything to do with ‘Roaring Kitty’ posting on X and the herd mentality?
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Did the Kitty Roar?
A GameStop store in New York, on Jan. 28, 2021. John Minchillo/AP Photo
Jeff Carter
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Commentary
For most of my life, I have traded markets. I love markets. Economist Mark J. Perry will tell you that there are markets in everything.
Jeff Carter
Jeff Carter
Author
Jeff was an independent trader and member of the CME board, started Hyde Park Angels and West Loop Ventures in Chicago. He has an undergrad degree from the Gies College of Business at Illinois, and an MBA from Chicago Booth.