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This short squeeze is a stress test of the entire market. The reason that the brokerages stopped trading yesterday is because the clearinghouse (there's apparen
by Miner49er 6y ago
This short squeeze is a stress test of the entire market. The reason that the brokerages stopped trading yesterday is because the clearinghouse (there's apparently only really one) are at risk of going under from this. If that happens it'll be a cascading failure and the whole market will crash.
Source: The WeBull CEO in the first 7 minutes of this video explains all this: https://m.youtube.com/watch?v=MAqxQe0l4g0&feature=youtu.be https://m.youtube.com/watch?v=MAqxQe0l4g0&feature=youtu.be