“Essentially all of the stock available for trading in GameStop has been sold short, according to data aggregators. Every share that is owned by someone has been borrowed and sold by someone else. It’s an extremely unusual situation. Typically, only a fraction of a large stock—1% to 2% of the shares available for trading—are sold short. Squeezes can’t happen in those situations because there is too much stock to borrow.
GameStop’s short squeeze will end someday, somehow. Remember the axiom: The market will cause the most pain for the most people most of the time.”

I do hope Nader is enjoying his cup of coffee as much as I am this morning.