Adam Taggart, PeakProsperity.com
JAN 29, 2021
An epic David-vs-Goliath battle has erupted on Wall Street.
Millions of individual investors have banded together using Reddit chat boards, Twitter and other forms of social media to wage concentrated attacks against large hedge funds who were recklessly (and possibly illegally) over-shorting the stocks of weak companies.
This has resulted in a series of “Infinite Short Squeezes” that has rocketed the prices of previously-troubled stocks like GameStop (GME) and AMC Entertainment Holdings (AMC) by thousands of percent over the past two weeks, creating massive losses for the over-exposed hedge funds — a number of whom now find themselves at risk of insolvency from the damage.
To break down exactly what’s going on here, our friend Adam Taggart at PeakProsperity.com sat down with famed researcher Jim Bianco to talk about the recent price action and a much bigger story, namely...
The Wall Street model is becoming disrupted by new technologies and an emerging collective ‘people power’ that threaten to strip the banking cartel of the unfair power it wields.
And rather than lean into the change and evolve its model, Wall Street is stubbornly resisting and instead trying to crush the agents of change.
We have seen this desperate denial from a dying regime many times throughout history, and it always ends the same. We only need to look at how the taxi medallion cartel failed to stop the Uber/Lyft rideshare model for a recent example.
Of course, this breakout of hostilities only adds to the volatility of a market tenuously holding on to the highest asset price valuations on record. Will the turbulence act as a catalyst to the massive correction more and more veteran experts are predicting?
Join Adam and Jim for this insightful interview as they piece it all together.
And if you find yourself agreeing with these experts...
That this is one of the most challenging times to invest in a generation…
And you’ve got a nest egg worth protecting…
And you’re looking for some serious professional help navigating the next few years...
Consider partnering with a financial advisor who understands the risks in play, can craft an appropriate portfolio strategy for you given your needs, and apply sound risk management protection where appropriate.
To get started, answer a few easy questions and schedule a free portfolio review.
Even if you already have a financial advisor you trust, take this free opportunity to learn about a surprising alternative for safeguarding your wealth.