GameStop And What Comes Next

Chief Executive Officer

U.S. Senator Elizabeth Warren (D-MA). REUTERS/Brian Snyder

Everyone loves an underdog. That’s why it’s so easy to romanticize the groundswell of support for unloved Gamestop, Bed Bath & Beyond and AMC this week as they float atop a huge soap bubble of non-existent trading fees and chat-room populism. But market manias never end well. What’s at stake? Some quick thoughts:

More regulation. Already, Sen. Elizabeth Warren—with logic so twisted as to defy reason—sees an opening, using this week to blame “hedge funds, private equity firms, and wealthy investors” for “treating Wall Street like their own personal casino while everyone

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