There are other things happening in the world besides GME! Here I show you a few…
There is no bubble and the prices are justified by globalization coupled with weakening dollar.
Securities are overpriced.
Trading volume is enormous. There is a big demand for short-term trading. There is some fundamental news and a lot of talk about the stock.
There are constraints on short sales, limiting the ability to take a long-term bet on the downside.
There are constraints on the supply of shares, among them the same short sale constraints.
My first Astral Codex article did not disappoint. Medicine is as if aliens were to come down to earth and observe why people behave the way they do. Recessions? Booms? What causes what? the system is so complex and medicine nukes things directly without thinking of consequences.
When the market prefers risky items, they call it Risk-On. Gold underperforming stocks is a sign of Risk-On. Weaker dollar, stronger EMs. AUS/JPY is a classic Risk indicator, as the Japanese currency is deemed the safest while Australia is on the safer side of the risky.
Ark is too big, blah blah.
The Too-Much-Talent effect (TMT): teams generally benefit from more talented members, the benefit appears to be marginally decreasing, but more talent is never detrimental to team performance. (Evidence From the NBA)
Thailand legalized cannabis and restaurants are taking the hint. Happy curries to the rescue!
Maybe alien life? And said by a Harvard professor.
Muslim extremists are deterring people from the faith, so Iranians are becoming Zoroastrans, amongst many other religions. Still, however, the government will tell you 99.5% of their citizens are Shia.
Some Black Mirror apparatus. And no, it is not Chinese.
Jollibee expanding to the US!!! Love to see companies from developing countries, in this case the Philippines, penetrate the American market.