I’m not saying that people are idiots, or even that people who play the stock market have no idea what they are doing. Of course not.
I am simply observing that, right after Twitter announced its IPO and said it would use the symbol TWTR, the stock for TWTR Inc (TWTRQ) skyrocketed. This is a totally unrelated company that sells fun items like car stereos. But yes, until it was halted, stock for TWTR Inc suddenly mushroomed in price to more than 14 times its original value (which was only around a penny a share, but still). Here’s what it looked like Friday.
So that’s great. We are the smartest and greatest. Well done, everyone.