Thursday, February 04, 2021 10:26:27 AM
Institutional failure is what allowed the price to squeeze that high in the first place. You keep wanting to blame retail pump, but the conditions were created by hedge fund greed and over leverage. There will always be profiteers, but they’re a symptom of a broken system.
You can keep sneering at filthy poor retail all you want, but the market “professional” reaction was all I needed to confirm they were caught with their pants down, and made sure to shift those losses accordingly.
I’m done with this conversation.
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