It is exposing all the naked Shorts at once $3 to $5 trillion can completely disappear. The companies will go broke. Or Joe will be bailing them out. The US Stock Market (Wall Street) will be severely impacted. What you are seeing is just the initial reaction. There will be several years of misery ahead.
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2 responses to “Shorty Is Naked”
This will transfer wealth from some financiers to others.
“What is the superlative of ‘so what’?”—R. A. Lafferty
Joseph,
It is exposing all the naked Shorts at once $3 to $5 trillion can completely disappear. The companies will go broke. Or Joe will be bailing them out. The US Stock Market (Wall Street) will be severely impacted. What you are seeing is just the initial reaction. There will be several years of misery ahead.