GameStop: ‘The Berkshire for Suckers’

How the stock's plunge may be signaling the end of the ‘Age of Illusion’

I never think anything that is an obvious setup is really a setup. It’s too easy. It’s like the comedian Albert Brooks told Rob Reiner in Reiner’s fantastic documentary on Brooks, “Defending My Life.”...

I had a very famous agent and he said to me, ‘I don’t know why you always take the hard road.’ And my answer was, ‘You think I see two roads.’

And as my friend Jeff Macke puts it, it’s a “kind of Berkshire for suckers.”

Exactly!

For some of us, nothing is that easy.

What’s the Catch?

So, when I see these seemingly obvious bell ringers of a market top, I just know there’s a catch...

Such as the seemingly obvious bell-ringer with last week’s Bloomberg story, headlined...

Short Sellers in Danger of Extinction After Crushing Stock Gains.

Or this chart from the Financial Times on the growing interest in penny stocks...