Sell-off deepens as speculative mania continues, Dow falls 500 points
https://www.cnbc.com/2021/01/28/stock-futures-decline-as-volatile-wall-street-week-continues.html?__source=iosappshare|net.whatsapp.WhatsApp.ShareExtension
Market needed an excuse for a pullback.
Pretty much every metric was saying it and no one quite knew what would cause it. Even long only non leveraged funds were pulling funds from the market today!
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The money for GME needs to come from somewhere. Many sold their winning companies to invest in GME and all other speculative stocks. Some hedgefunds sold their winners aswell to cover their short positions. I don’t think we will see a crash though.
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