March 2010 April 2010 May 2010 June 2010 July 2010
August 2010
September 2010 October 2010
November 2010
December 2010
January 2011
February 2011 March 2011 April 2011 May 2011 June 2011 July 2011 August 2011 September 2011 October 2011 November 2011 December 2011 January 2012 February 2012 March 2012 April 2012 May 2012 June 2012 July 2012 August 2012 September 2012 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 May 2013 June 2013 July 2013 August 2013 September 2013 October 2013 November 2013 December 2013 January 2014 February 2014 March 2014 April 2014 May 2014 June 2014 July 2014 August 2014 September 2014 October 2014 November 2014 December 2014 January 2015 February 2015 March 2015 April 2015 May 2015 June 2015 July 2015 August 2015 September 2015 October 2015 November 2015 December 2015 January 2016 February 2016 March 2016 April 2016 May 2016 June 2016 July 2016 August 2016 September 2016 October 2016 November 2016 December 2016 January 2017 February 2017 March 2017 April 2017 May 2017 June 2017 July 2017 August 2017 September 2017 October 2017 November 2017 December 2017 January 2018 February 2018 March 2018 April 2018 May 2018 June 2018 July 2018 August 2018 September 2018 October 2018 November 2018 December 2018 January 2019 February 2019 March 2019 April 2019 May 2019 June 2019 July 2019 August 2019 September 2019 October 2019 November 2019 December 2019 January 2020 February 2020 March 2020 April 2020 May 2020 June 2020 July 2020 August 2020 September 2020 October 2020 November 2020 December 2020 January 2021 February 2021 March 2021 April 2021 May 2021 June 2021 July 2021 August 2021 September 2021 October 2021 November 2021 December 2021 January 2022 February 2022 March 2022 April 2022 May 2022 June 2022 July 2022 August 2022 September 2022 October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 April 2023 May 2023 June 2023 July 2023 August 2023 September 2023 October 2023 November 2023 December 2023 January 2024 February 2024 March 2024
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29
30
31
News Every Day |

The Queen of Stonks: How Nancy Pelosi became the biggest meme in investing

democrats win house
Nancy Pelosi has become an unlikely investing meme.
  • The investing world has a new meme: Nancy Pelosi, House Speaker and star stock-picker.
  • Pelosi's husband's winning tech trades have shot the couple into the investing limelight.
  • While some meme about insider trading, others actively copy, and follow, the Pelosi approach.
  • See more stories on Insider's business page.

Move over GameStop and dogecoin, the investing world has a new meme: Nancy Pelosi, the Speaker of the United States House of Representatives, and star stock-picker.

Pelosi has become a regular feature on the biggest financial meme pages such as Litquidity and Parik Patel. And investing TikTok accounts are getting tens of thousands of views on clips about Pelosi's moves in the market. But why?

A fateful Alphabet bet

Central to the story of how Pelosi became the biggest meme on Wall Street is US legislation that forces lawmakers to disclose their and their family's trading activity. It means the general public can view Pelosi's - or, more specifically, Pelosi's husband's - often highly successful trades.

Pelosi has reported many stock trades carried out by her husband, Paul, over the last few years. But his trading activities shot into the news in July, when he made a cool $5.3 million by exercising call options that let him buy 4,000 shares of Google parent company Alphabet.

The trade was highly controversial. That's because it came just before the House Judiciary Committee voted on antitrust regulation, which ultimately wasn't seen as a big threat to the tech titans.

Spokespeople for Speaker Pelosi told media outlets at the time that she had no knowledge of the purchases and that she owns no stock herself. Insider contacted Pelosi's office but received no reply.

Although she didn't break any rules, the trades were seen as fishy by many, and two memes based around Pelosi quickly sprung up. One is that the 81-year-old is a high-rolling, risk-taking star trader. Another is that she's making the big bucks off of insider information.

Nancy Pelosi stocks meme
Parik Patel is one account that regularly memes about Pelosi.

Paul Pelosi is one good day-trader

For the anonymous Wall Street banker behind the Litquidity meme account, the whole situation is funny.

It's funny to imagine Paul Pelosi as just another WallStreetBets day-trader trying to make some money on his phone, Litquidity told Insider.

And it's funny that the family of the country's most powerful Democrat, whose party is seen as wanting to tax the rich and slash inequality, should be regularly buying and selling millions of dollars of stocks and options.

The whole issue of politicians trading stocks is highly partisan. Democrats frequently point to the cases of Republican Sens Kelly Loeffler and Rand Paul, whose trading activity has also been criticized.

Unsurprisingly then, memes on Pelosi generate a lot of heat online, Litquidity says. One Litquidity Instagram post is a picture comparing George Soros and Nancy Pelosi as traders. A comment underneath says: "Nice. Now do Rand Paul and his wife." Others are highly critical of the speaker.

Read more: The market is headed for its dreaded 'late-cycle stage,' Bank of America warns - but these 6 real-estate stocks offer strong fundamentals and inflation-protected dividends

Copying the Pelosi approach

Yet there's also a community online who are more admiring and look to copy the Pelosi family trades.

In a recent TikTok video, an account called Quicktrades got 70,000 likes in a post focusing on trades by the "queen of investing." Another account posted a TikTok saying "shouts out to Nancy Pelosi for the stock tips." And trading social media app Iris allows users to track Pelosi's disclosures.

Ed Moya, senior market analyst at trading platform Oanda, told Insider the new army of retail traders in the US are always looking for experts to mimic. "The newbie believes politicians have an insight to what will likely be a good stock pick, as government officials know what fiscal policies will impact which sectors," he said.

"Retail traders are somewhat realizing that they have taken AMC and Gamestop as far as they can go and need to look for other trades."

Read the original article on Business Insider
Сергей Шнуров

«Мое сердце у твоих ног»: Сергей Шнуров признался в симпатии одной из участниц «Новой Фабрики звезд»

Top 10 Love Affair Movies of the 2000s and 2010s

Top 5 Websites to Watch FREE Movies - TV Shows (No Sign up!)

Top 10 Emmanuelle Seigner Movies

I was diagnosed with cancer aged 39… you are never too rich, too famous or too young, says Dr Philippa Kaye

Ria.city






Read also

US urges Afghan Taliban to curb terrorist threats

How the West Won: Why Cowboy Core Is Everywhere, From Beyonce’s Country Album to the Paris Runways

Red Sox Prospects Finding Collective Mission To Sharpen Skills

News, articles, comments, with a minute-by-minute update, now on Today24.pro

News Every Day

I was diagnosed with cancer aged 39… you are never too rich, too famous or too young, says Dr Philippa Kaye

Today24.pro — latest news 24/7. You can add your news instantly now — here


News Every Day

Top 10 Love Affair Movies of the 2000s and 2010s



Sports today


Новости тенниса
WTA

Александрова обыграла первую ракетку мира на турнире WTA



Спорт в России и мире
Москва

«Радио Зенит» – информационный партнер форума «Мы вместе. Спорт»



All sports news today





Sports in Russia today

Москва

Победителями Всероссийской олимпиады по физике стали школьники Московского региона


Новости России

Game News

Пробный запуск вампирского градостроя Vampire Legacy: City Builder


Russian.city


Москва

Сергей Собянин: Новый путепровод улучшит пропускную способность других трасс


Губернаторы России
Владимир Путин

Умер пермский художник, нарисовавший президента Путина с мячом


Захарова: главы СЕ опозорились, оставив без реакции теракт в «Крокусе»

Шапки женские вязаные на Wildberries, 2024 — новый цвет от 392 руб. (модель 466)

Заказать недорогой ремонт кухонной мебели в районе в Москве и Московской области

Начало апреля в Татарстане будет теплым


Рэпер ST признался, что не смог написать песню о трагедии в "Крокусе"

Эксперты КА «Главный Советник» приняли участие в форуме «Тренды и антитренды корпоративного видео сегодня»

Консультации, Составление Договоров, Присутствие Продюсера при заключении договоров и переговорах. Лекции. Переговоры. Встречи и Обсуждения.

Певица Любовь Успенская назвала россиян своей семьей


Александрова обыграла первую ракетку мира на турнире WTA

Чесноков оценил шансы Александровой в борьбе за выход в финал турнира WTA в Майами

Рыбакина о том, что не играла в Индиан-Уэллс из-за болезни: «К сожалению, восстановление заняло много времени»

Теннисист Медведев вышел в полуфинал турнира в Майами, обыграв Харри



Архитектурные доминанты округов Москвы

«Радио Зенит» – информационный партнер форума «Мы вместе. Спорт»

Шапки женские вязаные на Wildberries, 2024 — новый цвет от 392 руб. (модель 466)

Перенос дат II этапа культурного проекта «Классика: история и современность» в Дмитрове


Раньше срока. Собянин: новая развязка улучшит движение для 600 тыс. человек

Лавров заявил, что сфер сотрудничества России и Запада практически не осталось

Фильм о пришельцах снятый на деньги мафии

Стартовал конкурсный отбор на участие в летней выездной программе литературного проекта «Языковая арт-резиденция»


Суд в Москве арестовал за взятку в особо крупном размере топ-менеджера Росатома Сахарова

Аэропорт перейдет на весенне-летнее расписание

Антонов назвал непристойными оскорбления Байдена в адрес Путина

«Неприменение смертной казни – это заблуждение»



Путин в России и мире






Персональные новости Russian.city
Борис

Ритуальный агент Борис Свистунов: комплексная поддержка в организации похоронных услуг в Санкт-Петербурге и Ленинградской области



News Every Day

The 10 Intense New Action Movies on Netflix That Left Me on the Edge of My Seat!




Friends of Today24

Музыкальные новости

Персональные новости