Short people are in danger. At least on the stock market where institutional short-sellers have been suffering the squeeze of a lifetime, orchestrated by retail investors who are using social media to drive certain stocks through the roof. WTFs are the new ETFs. The stock getting the craziest ride is GameStop (think Blockbuster around the time Netflix showed up) which has a 52-week low of $2.57 and a 52-week high of $380, and it’s up around 8x in the last five days. Since the beginning of time, big players have been taking advantage of small players (or the “dumb money”). But things have been changing as massive numbers of new investors have gotten into the market and started using Reddit to get into the black. In the long run, I’d bet on the institutions to take back the market, but I have a feeling this is the beginning of a story, not the end, and uncharted territory is not where you want to see your stock charts. That said, I think I’ll hold just a littttle longer. (Me today, and me in 2000). James Surowiecki: The GameStop Fiasco Proves We’re in a ‘Meme Stock’ Bubble. “In a classic speculative craze, investors may take cues from each other — the fact that everyone is buying internet stocks makes you think it’s smart to buy internet stocks — but they’re not working together to make stock prices rise. With meme stocks, on the other hand, that’s exactly what’s happening. (Luckily, I bought shares in Bernie Sanders before the mittens.)

+ The Verge: how r/wallstreetbets gamed the stock of gamestop.

+ Vox: The GameStop stock frenzy, explained.

+ Just for fun, Blockbuster’s stock is now being rallied.