GameStop, a tulip by another name, raises caution

Shares of video game retailer GameStop Corp have soared 1,625% since the start of January.

NEW YORK: It sounds like the start of a parable: Investors stuck inside during a pandemic begin to bid up an asset until its price becomes untethered to reality.

The value soars until one day the market runs out of buyers and freezes, causing prices to plummet and some unlucky few to lose fortunes more than ten times their annual incomes in the span of a few hours.