Seems like a wise old chap, but did he write this before the central banks dumped billions and trillions of liquidity into the economies?
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Interesting graph of margin debt going parabolic, history shows what happens next (although could obviously go far further).
Is this GameSpot GME in the US a good thing
Don’t know anything about them but heck what does that matter - as my signature says “In a roaring bull market, knowledge is superfluous and experience is a handicap.”
Rich crowd for sure to be able to move the market. Agree - I throw the fundamentals away in such a phenomena. GME is not the first target of Reddit crowd. So far doing very very well.
p.s. I beat my chest cos I used to own GME at 3 bucks/share. Bye bye half a million USD.