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January 27, 2021 31 min
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 stocksWhy GameStop's stock (GME) has soared to over $300 from $17 in less than a monthWhat are short squeezes and gamma squeezes and how they can push up a stock priceHow short-sellers including hedge funds are losing big against individual investors on the wallstreetbets subredditIs coordinated buying of options and stocks by individual investors illegal?How market flows into stocks are taking precedence over fundamental dataIs 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

For more information on this episode click here.

Show Notes


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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