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Pay me in GameStop
Amaranth didn't collapse in 2006 because it made bad bets. It collapsed because it made a large bet and the street figured out its positioning - so simply had to machine gun nat gas futures until the firm got margin called and blew up. This is what is happening now in stonks.
“Nothing I decide about the world will make me
any money. If I’m going to trade profitably, I can only do that by listening to what the market is telling me.” - @TgMacro Love this quote. I always think what is the market saying.
Friends, Romans, Cannabis Rangers - if you haven't signed up for @todd_harrison on Substack you're not going to be as well informed as you'd like. https://toddharrison.substack.com/p/do-it
It's as if the severe lockdowns were intended (and extended) to ensure as much pain as possible while Trump was still in office.
One week into a new admin and now these cities say it's ok to open? Even w/infections high?
The hypocrisy is stunning.
https://www.foxbusiness.com/small-business/indoor-dining-gets-ok-in-big-cities-just-after-trump-leaves-office
