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First off, I’ve done a special post for all premium members. Please click here to read it. Anyway, this is fascinating. It shows the spread between reality (dots on left side) versus what the public assumes is the case (dots on right side). Many of the spreads are gargantuan. 30% of the country is Jewish? 41% is black? 41% are Catholic? Who ARE these morons they are asking?
OK, hang on. Tomorrow is April 1st. Is this serious? Honestly. This is the company that made movies about nature that I would go watch in the theatre. Tell me they’re kidding. Read this:
I don’t mean to go all get-off-my-lawn on you, but honestly, these kids piling into short-dated call options on meme stocks are (99% of them, at least) going to get torched.
It’s interesting, because even though equities are absolutely exploding higher today, the most “meme” of the meme stocks, GME, is actually down over 5% as I’m typing this. There are no two stocks which better capture the zeitgeist of the animal spirits (AKA the /wsb crowd) than AMC and GME, and judging from these charts, I’d say the winners from this entire exercise are going to be the people selling calls to them.
Well, the meme stock boys are back in force. Here we see GameStop (GME) which, in four days, has doubled in price based on the stampede of youngsters-in-basements getting their mojo back, having been obliterated for many, many months past.
