It has become the market equivalent of the storming of the Capitol, and the viciousness must stop.
Market players revert back to small-cap stock-picking, especially in the SPAC sector.
But that doesn't mean that it's rigged.
The success of GameStop and now silver will draw pumpers and frontrunners into the WSB crowd.
Professional hedge fund managers adjust very fast, and they've done a lot of unwinding in order to restore flexibility.
Let's not kid ourselves that there is any longer some kind of relationship between price and value. Or fact and truth.
What if the Redditors are actually hedge fundies?
Small traders are flexing their collective muscle to take on the Wall Street establishment, and it appears they're eyeing silver next.
Regardless of whether you are long, short, or indifferent to GameStop, don't be greedy. Don't ignore risk.
Everyone gets frightened. Everyone fears the water moccasin when hip deep in the swamp. Everyone fears what they cannot see, and what they do not understand.