A number of the all-time nice quick squeezes are underway

Some of the all-time great short squeezes are underway

Shares of GameStop are slated to open close to $100 at the moment because the epic shortsqueeze mixed with a speculative frenzy continues.

They have been at $four in August and $20 at the beginning of the month.

The shares have been bid up by retail choices merchants at WallStreetBets. I wrote on the weekend about how this episode crystalizes a brand new period within the inventory market.

Within the larger image, it is clear to me that we’re in a speculative frenzy in equities and have been for awhile. The query is how far we’re alongside and I whereas that is nuts, I feel it is a signal that broader equities nonetheless have a protracted technique to go.

Sure, margin lending his excessive however there’s nothing on the market proper now to pop the bubble.

For financial institution commerce concepts, take a look at eFX Plus