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If the millennial mob are angry now, wait until they lose their shirts Extreme speculative excess is all too apparent, says Albert Edwards, the renowned - and permanently bearish - global strategist at Societe Generale. The madness has now taken a novel twist with a new warrior class of retail investor roaming the equity savannah. This loosely organised retail mob is gaining strength feasting off each hedge fund kill. Intoxicated with success, they will seek out bigger and more powerful prey. This farce is of the Fed s creation - which should hang its head in shame. Edwards explains the GameStop phenomenon as follows: A semi-organised mob of retail investors has piled into heavily shorted names to drive up the share price, in essence, to force the shorts out of their positions and punish them with huge losses.

United statesUnited kingdomMichael hewsonSociete generaleAlbert edwardsNeil woodfordJohn maynard keynesBarry norrisBen grahamExchange commissionWall streetRuss mouldRick elingஒன்றுபட்டது மாநிலங்களில்ஒன்றுபட்டது கிஂக்டம்மைக்கேல் ஹெவ்ஸன்