The specter of the power of financial democracy is creeping, perhaps for the first time, into the deepest heart of finance. To use the same terms that have characterized the political verbiage in recent years, one could say that financial populism has exploded on Wall Street. In recent days a myriad of small online investors have decided to deliberately challenge the big professionals. Those who seek, on the basis of extremely accurate analysis, securities that they consider overvalued, with the intention of "shorting" them, i.e. selling them short without actually owning [...]
JANUARY COMMENT 2021 - GAME STOP FOR STOCK MARKETS?