What's really crazy about the rally in US is that retail has led this with hedge funds on the sidelines. Now the latter is forced to be involved in FOMO.
Robinhood trading accounts have surged during "historic rally" from March lows.
New retail trading accounts have surged since late last year when online brokers started offering zero commission trading.
Retail punting on Bankrupt stocks
zerohedge.com/markets/bankru…
"Some of the rally in bankrupt shares might be attributable to short covering. But the rally could also be fueled by amateur traders, bored in lockdown and looking for a quick buck, using platforms such as Robinhood."
pro.creditwritedowns.com/p/worries-abou…
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