Wow. Crazy!pic.twitter.com/IJqNJal0F0
The $GME action this week reminds me of the time two Chicago farmers cornered the onion market, made tens of millions in profits, didn't go to jail, and got the entire product banned in the 50s:pic.twitter.com/nyrjPWRf8n
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History may not repeat, but it does rhyme. Onion futures are still banned in the US to this day!
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Bear raids lead to legislation/regulation. Bull raids lead to.... should we expect a long buy rule? Political asymmetry.
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If everyone buys and no one sells we're all rich! Infinite money!
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Glad it’s just onions and not ornamental gourd futures.
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