Back To The Big Short
All the glee over the GameStop short squeeze in the past several days actually reminds me of a very good recent film, The Big Short (2015), We have it on DVD and watch it at least once a year. It's a fictionalized version of a true story about various contrarians and outsiders who foresee the 2008 housing crisis and in effect short the US economy via the housing market. The 2021 short squeeze actually reverses the circumstances of The Big Short, since in the current case, the forces of dark financial consensus are looking to clean up by shorting GameStop, expecting its price to go down, while the contrarians and outsiders see an opportunity to confound the establishment by buying up GameStop stock, forcing the big boys to buy it back at inflated prices. In The Big Short , the outsiders and contrarians realize the housing economy is a bubble and find a way to short the market, expecting it to go down when the establishment expects prices to rise forever. But the message is th...