| Because the market is returning to "business as usual." The primary concern for the stock market last week was whether or not Wall Street remained in control of the financial system. Put another way, would the GameStop (GME) phenomenon, through which thousands of individual investors intentionally pushed a stock higher to hurt hedge funds, become the norm. With the regulators cracking down on the GME scheme, it is clear that Wall Street has won this round. I’m NOT saying that I like this situation, I’m simply saying that it is clear that the individual investors will not end up winning this war. (How can they with Wall Street having the regulators, the government and the entire system covering for them?) Put simply, the craziness of GME is subsiding and the system appears to be returning to “business as usual.” This is what the large pools of capital were looking for in order to start buying again. And buy they shall. After all, their compensation depends on it. Best Regards,  Graham Summers Editor, Money & Crisis |
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