The news cycle this week has been ablaze with Reddit's Wall Street Bets putting a short squeeze on a few Hedge Funds including Melvin Capital. Former SEC Commissioner Laura Unger compared the short squeeze to the Capitol Hill Riots, saying that “If you don't have the police in there at the right time, Things go a little crazy. And that's what kind of feels like what's happening with this much lesser degree. It's financial harm...” While Bloomberg News headlined by calling it “A Stock Market Insurrection”
The Big Squeeze
The Big Squeeze
The Big Squeeze
The news cycle this week has been ablaze with Reddit's Wall Street Bets putting a short squeeze on a few Hedge Funds including Melvin Capital. Former SEC Commissioner Laura Unger compared the short squeeze to the Capitol Hill Riots, saying that “If you don't have the police in there at the right time, Things go a little crazy. And that's what kind of feels like what's happening with this much lesser degree. It's financial harm...” While Bloomberg News headlined by calling it “A Stock Market Insurrection”