As a by the by… the current theory doing the rounds is that the Gamestop explosion is being held off by BlackRock until the SEC, DTCC and co pass the regulations needed to prevent BlackRock being hit with any splash back when the short funds like Citadel fall into the abyss. These shouldn’t take much longer to sort out but won’t be in time for the share recall on the 20th. I reckon the long investors in GME are aware of this so won’t rock the boat by recalling their shares for the AGM but when the regulation does pass, BlackRock will get their good friend Ryan Cohen (newly appointed chairman of the board at Gamestop) to do a share recall.
People are suggesting crypto is going to take a temporary hit as funds liquidate their assets to cover shares but then should bounce back and ramp right up as the newly minted, crypto loving retail investor crowd plough thier newly acquired massive amounts of wedge into it.
Thought I’d mention it for the crypto peeps 🙂
