That’s bad for us? Or good?
Good for AMC/GME holders and possibly a few other "meme" stocks. The 2 mentioned have a negative beta which means it performs opposite the market. A crash would also mean lost liquidity thus a margin call.
We've said it before. But even more critical now is how much the market as a whole is propped up on these 2 plays. Do not underestimate how big this is.
We have a perfect storm brewing with all the new rules, reverse repo, the debt ceiling, Congress taking a break, the puts found in brazil, Robinhood mistakenly leaking 200m shares being traded on their platform, eviction moratorium, foreclosures about to peak. Delta...
I wonder how much uglier this shyt can get... history defining moment is near.