The recent meme stocks mania has significant impacts on the financial market.
The short sellers (Hedge funds) have lost about US$71B in this meme stock mania and this huge loss forces them to sell profitable investments to cover their losses. The hedge funds are cutting back as shown by the 2 contrasting charts above.
1 comment:
It's a non-issue. Already yesterday's news.
When this current bull matures in 6-8 years time, you will see this retail mania across the entire markets & will likely see STI go up 100+% in 6 months in an orgasmic global blowoff top.
Great Depression 2.0 is coming, but not yet...
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