But what I strongly disagree with some talking heads on CNBC who claim “the craziest that they have ever seen”.
GME is far from being the craziest, not even close…
Market veterans might remember the Volkswagen short squeeze in the fall of 2008, when:
1. The stock rallied 800% becoming the MOST valuable company on the planet at that time, reaching $1TR – unprecedented valuation back then
2. that was happening as global markets were COLLAPSING into the abyss during the Global Financial Markets
So, Volkswagen was TRULY unprecedented, but GameStop – making 200% move in 5 days on a $5B marketcap? Schucks… kitten’s game.