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As DOW, S&P 500 Sink into Red YTD, GameStop, AMC, 4 Other Most Shorted Stocks Jump 135% to 538%. Utter Mania. But Bloodletting in Late Trading | Wolf Street

By Thomas A. Smith

What a hilarious show this zoo that has gone nuts has turned into. White House Press Secretary Jen Psaki came out today and said the White House economic team including Secretary Yellen were monitoring the situation. The situation being total utter mania in the most shorted stocks, such as GameStop and AMC.

The SEC came out and said today it too is actively monitoring the options and equities markets. Consistent with our mission to protect investors and maintain fair, orderly, and efficient markets& which was when humongous laughter drowned out the rest. Did the SEC really say efficient markets???? Hahahahaha.

via wolfstreet.com

Among other more pressing problems (looming global depression, the mutants of a global pandemic virus, assertive liberty and humanity crushing regime on the march out of East Asia, etc.), there is how I am supposed to teach my students about the Efficient Markets hypothesis in my Corporations class.