The long and short of bubbles. A conversation with Owen Lamont on Gamestop and other matters. See my last post for background and great papers by Owen. A direct link in case the above embed doesn't work.
Owen views the current situation more as a classic short squeeze than a replay of 3com/Palm and similar affairs in 1999. These are established companies with short markets, and there is little technological news about them. Owen also clarified that the brokers had to shut down trading. We talk a bit about bubbles in general, short sales, supply responses, the puzzling lack of liquidity -- people willing and able to take the other side of crazy stuff, and the state of the market today.
from The Grumpy Economist https://ift.tt/3iXF8rn
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