"[Retail traders] might be treating the market as a casino, but their collective presence has sent dealers and the house running for cover. Professional investors are baffled."
"It's symptomatic of the amount of cash out there,” says Monik Kotecha, the founder of Insync Funds Management. “I think that largely gives retail investors the capacity to get involved. With GameStop it’s a concerted effort to go against the hedge funds."
“It’s speculative in nature and doesn’t make any sense, but there are parts of the market which don’t make any sense now, there’s bubble-type behaviour and this is part of it. But I wouldn’t say the whole market is part of a bubble.”
Read the full article in AFR
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