Meme Stocks, GameStop, Short Squeezes, and Bubbles
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How coordinated buying by retail investors has turned the table on Wall Street. Are there signs of a market bubble?

Topic covered include:

• What are meme stocks
• Why GameStop's stock (GME) has soared to over $300 from $17 in less than a month
• What are short squeezes and gamma squeezes and how they can push up a stock price
• How short-sellers including hedge funds are losing big against individual investors on the wallstreetbets subreddit
• Is coordinated buying of options and stocks by individual investors illegal?
• How market flows into stocks are taking precedence over fundamental data
• Is the stock market in a bubble and how does the current market environment compare to the 1999 Internet bubble and the 2006 housing bubble?

Thanks to Truebill) for sponsoring the episode

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Show Notes

r/wallstreetbets)

FOR POSTERITY—Almost Daily Grants 1.25.21)

GameStop can’t stop going up by Jamie Powell—Financial Times)

Reddit: bull attack by Jamie Powell and Philip Stafford—Financial Times)

How WallStreetBets Pushed GameStop Shares to the Moon by Brandon Kochkodin—Bloomberg)

Submit Your Pick for the Next Meme Stock Here posted by u/AssPowers 2/18/20—r/wallstreetbets)

17 CFR § 240.10b-5 - Employment of manipulative and deceptive devices.—Legal Information Institute)

How'd You Guys Manage to Win so Big it Made These Old Guys Drown in Their Tears? posted by u/bawse 1/24/21—r/wallstreetbets)

Five Things You Need to Know to Start Your Day by Cormac Mullen and Tracy Alloway—Bloomberg)

Tweet by Paul Kedrosky (@pkedrosky) on 1/25/21)

Baupost’s Seth Klarman compares investors to ‘frogs in boiling water’ by Ortenca Aliaj and Eric Platt—Financial Times)

US stock rally drives ‘ludicrous index’ towards dotcom era heights by Eric Platt—Financial Times)

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