Planned Solutions

In this episode of the Planned Solutions Incorporated Podcast, The strong rebound in stock prices over the past two months has partially been due to short sellers reversing their bets against stocks. The short interest, the number of shares borrowed and sold, reached a high in mid-June but has since declined. Often when stock prices increase short sellers will engage in panicked buying as they rush to buy shares to repay the shares that they borrowed before the share prices increase further. Also, the meme stock craze (investors buying shares of companies that are thought to be near bankruptcy based on a recommendation from internet message boards) looked like it was running out of steam this year as the share prices of recently popular meme stocks crashed. However, there appears to be a new round of get-rich-quick investors distorting stock prices with their high-risk trades And, The IRS has extended and increased the tax deduction allowed for K-12 educators who spend their own money on classroom supplies.