Category Archives: Markets
I don’t want to burst anyone’s bubble, especially not the everything rally’s party, but the benchmark 10-year Treasury rate is starting to look like the head of a pin.
Bubbling stocks and other inflated asset classes are in danger of popping if rates keep rising, and they sure look like they’re going to keep climbing. But even if the bubble pops, we can still turn a profit, and I’m going to tell you how.
I’m not the kind of guy to say “I told you so,” but if I was, I’d sure be saying it now.
Retail traders have become the tail wagging the dog, with the dog being Wall Street pros.
GameStop Corp. (NYSE:GME) is exhibit 1.
What happened, and what’s going to happen with GameStop (and more than a few other companies’ stocks) is the story of how retail traders are ganging up on multi-billion-dollar hedge funds…
Here’s how they’re making a killing doing it.