This document summarizes the recent volatility in the stock market focusing on GameStop. It notes that while GameStop's stock price has skyrocketed recently to a market cap over $10 billion, up from $1.4 billion at the start of the year, its fundamentals do not appear to justify this valuation. The article discusses the challenges facing GameStop's retail business model and why some analysts believe its stock price is more of a "stock manipulation exercise" than reflective of its actual prospects. It also raises concerns that capital may be flowing to less productive companies when valuations are inaccurate.